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Salesforce shares jump as $60 billion forecast boosts investor confidence

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Salesforce shares jump as $60 billion forecast boosts investor confidence

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Salesforce shares rose more than 6% in premarket trading on Thursday after the company projected over $60 billion in revenue by 2030, easing investor concerns over slowing growth amid rising competition from AI-powered tools.

The optimistic forecast, announced at Salesforce’s Dreamforce event, signals a strong recovery for the Marc Benioff-led firm, which earlier this year reported its first revenue decline in nearly three years. The projection excludes the impact of Salesforce’s planned $8 billion acquisition of Informatica, expected to close in the first half of 2026.

The deal will strengthen Salesforce’s artificial intelligence capabilities, integrating Informatica’s data management and governance tools into its cloud ecosystem. Analysts said the improved outlook and a $7 billion share buyback plan reflect management’s “confidence in durable free cash flow and sustained bookings growth.”

J.P. Morgan analysts noted that the new forecast could “shift the narrative toward sustainable double-digit growth,” while Jefferies said Salesforce’s expanding margins could bring it in line with other large-cap peers by the end of the decade.

Salesforce has been rapidly embedding AI partnerships into its platform, expanding collaborations with OpenAI and Anthropic to enhance its Agentforce 360 system. The company has also pledged to invest $15 billion in San Francisco over the next five years to drive AI adoption across its services.

PsiQuantum Hits $7B Valuation, Secures $1B Funding and Partners with Nvidia

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Quantum computing startup PsiQuantum announced Wednesday it has raised $1 billion in a Series E funding round, boosting its valuation to $7 billion, while also unveiling a collaboration with Nvidia to accelerate its quantum computing development.

Funding Details

  • Round size: $1 billion (Series E)

  • Valuation: $7 billion

  • Lead investors: BlackRock, Temasek, Baillie Gifford

  • New investors: Nvidia’s NVentures, Macquarie Capital, Ribbit Capital

Expansion Plans

The funding will support:

  • New sites in Brisbane, Australia and Chicago, Illinois

  • Deployment of large test systems to validate PsiQuantum’s design

Technology Edge

  • Photonic approach: Uses light particles on silicon chips

  • Built on semiconductor manufacturing and fiber-optic networking for scalability

  • Goal: Build the first million-qubit, fault-tolerant quantum computer

Nvidia Collaboration

  • Nvidia chips will help connect classical and quantum machines

  • Integration to improve PsiQuantum’s silicon-photonics quantum chips

  • Aimed at advancing software and hardware ecosystems for practical quantum applications

Applications of Quantum Computing

  • Drug discovery

  • Materials science

  • Cybersecurity breakthroughs

  • Potential to solve problems beyond the reach of AI and today’s supercomputers

Partnerships & Manufacturing

  • PsiQuantum has partnered with GlobalFoundries to fabricate its chips at the foundry’s New York facility.

Outlook

With Nvidia’s backing and $1B in fresh capital, PsiQuantum is positioning itself as a frontrunner in the global quantum race, moving closer to proving its designs and delivering scalable, commercial quantum computers.

Bumble’s Paying User Decline Raises Concerns Amid AI-Driven Revamp

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Bumble, the dating app operator, reported a decline in paying users during the second quarter, casting doubts on the speed of its AI-fueled turnaround efforts and causing its shares to drop 8% in after-hours trading. The company’s paying user base fell 8.7% to 3.8 million, highlighting ongoing challenges in re-engaging its core audience.

Despite deploying artificial intelligence tools to fight industry-wide “dating fatigue,” analysts note that Bumble lags behind larger rival Match Group, whose AI initiatives are more advanced. Bumble’s recent AI-powered coaching hub aims to enhance user experience by blending human expertise with machine learning, but much of its innovation remains in early testing stages.

Financially, Bumble posted a net loss of $367 million in Q2, including $404.9 million in non-cash impairment charges, a significant turnaround from a net profit of $37.7 million a year earlier. The company did not elaborate on the one-time costs.

To attract younger users, Bumble plans to launch a new Bumble BFF app this month aimed at Gen Z, alongside community-driven offline events designed to foster friendships beyond dating.

Revenue for the quarter came in at $248.2 million, slightly above analysts’ expectations of $245.1 million. For the third quarter, Bumble forecasts revenue between $240 million and $248 million, exceeding the average estimate of $241.4 million.

The company also announced a leadership change, appointing Kevin Cook—formerly CFO at Cloudera—as its new CFO, effective August 12, replacing interim CFO Ronald Fior.