Business Tech
The business of technology, verified: funding rounds and valuations, data center and power economics, IPOs and M&A, enterprise software spending, and the capital stack financing the AI buildout. Corewire reads the filings, checks the numbers against primary sources, and tells you what the deal actually says, including what the press release left out. Coverage is built for operators, investors and buyers across the US, UK, Canada and Australia.
Pegasystems missed, and blamed the strangest culprit: customers too unsure about AI to buy
Pegasystems fell ~17% after a Q2 miss it blamed on AI uncertainty freezing customer purchasing decisions, the opposite of ServiceNow the same…
ServiceNow’s AI business just crossed $1 billion, and the agent-fear narrative with it
ServiceNow beat Q2 guidance with subscription revenue up 24.5% and AI annual contract value past $1 billion, undercutting the fear that agents…
Latest in Business Tech
1AI startups now hit $100M revenue in 18 months, not seven years2Mercor buys Deeptune, a startup its CEO angel-funded3America now searches “agentic AI” more than “chatbot”. We ran the data4Samsung guides to a record $58 billion quarter on AI memory demand5Dell’s AI server business grew 757% and the backlog hit $51 billion