Canva was the rare startup that grew fast and made money—then AI costs slashed its growth forecast by a third

WorldPing

An analyst said AI is breaking SaaS’s “secret sauce”, and Canva and its competitor, Figma, just became the latest proof…

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Fortune•

CIOs and CTOs spent years lauding AI. Now, with costs rising, they’re putting limits on how it’s used

After making AI tools widely accessible for employees, leaders are putting caps on usage and retraining staff to understand small and cheaper models can often do the job.

Brief by WorldPing · Original reporting by Fortune

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Sky Sports Football•

Hudson-Smith clinches history-making third 400m European Championship gold

Hudson-Smith clinches history-making third 400m European Championship gold — full report at Sky Sports Football.

Brief by WorldPing · Original reporting by Sky Sports Football

TechCrunch•

AI coding startup Cognition reportedly already in talks to raise at $40B valuation

Cognition may be looking to raise another mega round just a few months after raising $1 billion at a $26 billion valuation.

Brief by WorldPing · Original reporting by TechCrunch

WorldPing

Cointelegraph•

Bitwise cuts 14% of staff while still expecting growth

Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.

Brief by WorldPing · Original reporting by Cointelegraph

WorldPing

The Block•

Polymarket taps ex-Uber and Bird exec Travis VanderZanden to boost growth

Polymarket has hired the Bird, Uber and Lyft blitzscaling veteran Travis VanderZanden as chief growth officer.

Brief by WorldPing · Original reporting by The Block

WorldPing

BBC News•

US inflation eases as food and fuel costs cool

Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.

Brief by WorldPing · Original reporting by BBC News