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AI & Enterprise

ElevenLabs appoints former OpenAI executive Ashley Kramer as CRO

AI audio company ElevenLabs said on Tuesday it has appointed Ashley Kramer (애슐리 크레이머), a former OpenAI executive, as chief revenue officer. Kramer led enterprise sales at OpenAI, handling AI adoption and sales for Fortune 100 companies. She previously held leadership roles in sales, marketing and product and technology at GitLab, Alteryx and Tableau. ElevenLabs said its annual recurring revenue this year doubled from a year earlier to $600 million, with enterprise customers accounting for about 55 percent of revenue.

Crypto

U.S. SEC cracks down on AI pre-IPO stock investment frenzy, demands proof of actual stakes

The U.S. Securities and Exchange Commission is moving to verify the substance of pre-IPO stock investment products sold by investment firms, as demand rises for exposure to popular AI startups such as OpenAI and Anthropic. The SEC has told registered investment advisers to prove their special purpose vehicles actually hold the promoted stakes or exposure. The agency has previously pursued similar cases and has warned that tokenisation does not itself guarantee ownership.

Telecommunications & Media

Smartphone makers push leasing and subscriptions as upgrade cycles lengthen

The smartphone industry is shifting from competing on device performance to competing on how phones are bought, as premium prices rise and replacement cycles lengthen. Apple has launched an upgrade program in the United States with Klarna, while Samsung runs Galaxy Forever in India combining financing and guaranteed buybacks. Analysts say such plans can feed devices back into the used market and encourage upgrades within 12 to 36 months, though benefits vary by user.