Sierra, an AI startup co-founded by OpenAI chair Bret Taylor, secured $950 million in a Series E funding round led by Tiger and Google's GV, pushing its valuation to $15.8 billion. The company specializes in AI customer service agents and has rapidly grown to over $150 million in annual recurring revenue in just eight quarters, serving major enterprises including Prudential and Blue Cross Blue Shield. This funding will help Sierra maintain its lead in the competitive AI customer service space as it continues to expand. CEO Bret Taylor anticipates a market correction in the next two years but plans to keep Sierra private for now, with an IPO in the future.
Options trading in software stocks, particularly in the iShares Expanded Tech-Software Sector ETF (IGV), has shown a strong bullish trend this month, with call options outpacing puts significantly. This optimism centers on Salesforce, which has seen ...
Salesforce is set to report its fiscal first-quarter results with expectations of in-line performance, supported by partner surveys indicating most met or exceeded plans. Investors are closely watching for organic revenue growth in the second half, d...
Salesforce is currently undervalued, trading at a 45% discount to its sector's forward price-to-earnings ratio despite strong fundamentals. The company reported $41.5 billion in revenue for fiscal year 2026, a 10% increase year-over-year, with a 78% ...
This week, investors focus on key inflation data with Thursday's core PCE price index report, the Fed's preferred inflation gauge, expected at 3.3%, influencing rate decisions under new Fed Chair Kevin Warsh. A series of Federal Reserve speeches will...
This week, investors focus on key economic data including Core PCE inflation and GDP figures, which will influence Federal Reserve rate expectations and Treasury yields. Fed officials' speeches may further sway market views on monetary policy. Earnin...
