Former Treasury Secretary Larry Summers resigns from OpenAI's board and takes leave from Harvard as controversy erupts over newly released emails with Jeffrey Epstein, prompting federal investigations and bipartisan congressional action to release all DOJ files on the disgraced financier.
AI music platform Suno secures $250 million in Series C funding at a $2.45 billion valuation, with nearly 100 million users creating songs on its platform as the company expands into professional tools and social features.
Swedish AI coding startup Lovable achieves explosive growth, doubling annual recurring revenue from $100M to $200M in just four months while raising $225M in funding and reaching a $1.8B valuation within one year of founding.
Disney CEO Bob Iger announces groundbreaking generative AI features coming to Disney+ that will allow subscribers to create and modify short-form videos using established Disney characters and stories, making Disney the first major entertainment company to embrace AI-powered user content creation despite concerns about artistic originality and uncertain consumer demand.
Perplexity launches a free AI shopping tool for U.S. users next week, enabling direct purchases from search results through partnerships with over 5,000 merchants and PayPal payment processing, directly challenging OpenAI's similar feature in the race to dominate AI-powered e-commerce during the crucial holiday shopping season.
Spotify removes viral dance track 'I Run' after 13 million streams and reaching No. 11 on US charts due to suspected AI-generated vocals that listeners mistook for Grammy-nominated singer Jorja Smith, with creator HAVEN denying AI use despite engineer mentioning Suno platform involvement.
Dow Jones crashes 500 points as investors panic over potential AI bubble similarities to dot-com crash while Federal Reserve rate cut hopes plummet from 90% to just 50%, sending major tech stocks including Nvidia, Amazon, Microsoft and Meta tumbling.
Nebius Group shares skyrocket 40% as the AI infrastructure provider lands a massive $17.4 billion GPU deal with Microsoft, marking the company's first major contract in what CEO expects to be a series of lucrative partnerships with tech giants.
OpenAI secures over $1 trillion in computing deals with tech giants including Nvidia, Oracle, and AMD while projecting a staggering $155 billion cash burn, raising serious questions about whether the AI company can generate enough revenue to sustain its massive infrastructure spending spree.
Microsoft rolls out new AI agents and Copilot features for Windows including voice activation and smart writing tools, but users revolt demanding the tech giant fix existing bugs and system reliability issues instead of expanding AI capabilities.