Haemanthus, Billy Evans’s Austin medical-diagnostics startup backed by patents and investors, has attracted renewed attention but still has no publicly available product or independently validated results. The company has reportedly raised as much as $20 million, and it is said to have lost its chief technology officer in March 2026. The scrutiny increases around what the technology can actually do and when (or whether) any veterinary or human device will be launched.
Spotify said AI agents are well-suited to handle chores users would rather avoid, contrasting that with entertainment on Spotify. The company reported Q3 2026 Premium Subscribers growing 9% year over year to 306 million. As a result, Spotify positions “agentic” automation as a near-term benefit for user time savings while continuing to grow and expand its listening and creator features.
Legora raised a $550 million Series E to expand its agentic legal AI platform business. The round values the company at an $8.8 billion post-money valuation. Legora will use the funding to expand in North America and further invest in its Legora aOS products as legal teams shift from AI assistants to multi-step agents.
Meta approved a new class of stock designed to raise funds for its AI expansion without granting buyers voting rights on company decisions. The approval involves a stock structure that excludes voting rights. As a result, Meta can finance AI growth while keeping control over decisions with existing voting shareholders.
Apollo chief economist Torsten Slok said artificial intelligence has not improved the financial performance of large U.S. corporations outside the tech industry. He points to the S&P 493 and says profit margins and revenue per worker appear flat with no evidence AI boosts productivity. The result is a skepticism that non-tech firms can translate cheaper “intelligence” into higher revenue growth and profit margins.
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