News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.
Bending Spoons has acquired Airtable for $1.285 billion, a steep drop from its $11.7 billion peak valuation. The deal reflects the impact of AI coding tools on low-code platforms and adds Airtable to Bending Spoons' portfolio of distressed software brands. The Italian holding company plans to invest long-term and turn the company around.
Bending Spoons has agreed to acquire Airtable in an all-cash deal valued at $1.285 billion, marking its first acquisition since its IPO. Airtable, once valued at $11.7 billion, has raised about $1.4 billion in funding, meaning investors may face a loss. The deal is expected to close by the end of 2026.