OpenAI restructures as a for-profit company, securing billion-dollar partnerships with Microsoft, granting its non-profit parent an equity stake exceeding $100 billion, and inking a $300 billion cloud deal with Oracle to build new data centers.
Databricks secures $1 billion funding at over $100 billion valuation as AI agents now create 80% of databases compared to just 30% a year ago, with the company reaching $4 billion in annual recurring revenue.
Massive investments by tech giants into AI data centers are driving U.S. economic growth, with spending on AI infrastructure surpassing consumer spending and nearing 2% of GDP, diverting capital from other sectors like venture capital and manufacturing.
OpenAI projects a staggering $115 billion cash burn by 2029, $80 billion higher than earlier estimates, as soaring costs drive the AI giant to develop its own chips and data centers to power its cutting-edge technology.
Meta's $14.3 billion AI investment faces hurdles as its partnership with Scale AI strains, prompting Meta to work with Scale's rivals for data labeling while struggling to retain top AI talent and navigate bureaucracy after poaching researchers from OpenAI and Scale.
The S&P 500's massive concentration in seven tech giants creates dangerous risks for short-term investors, as these stocks drive 26% of earnings growth while the remaining 493 companies manage only 3% growth, prompting financial advisors to recommend diversification into equal-weight indexes and international markets.
AI companies are forging global data alliances to train models, sparking privacy concerns as Perplexity bids a staggering $34.5 billion to acquire Google's Chrome browser, escalating the AI supremacy battle.
Databricks, a data and AI company, secures a staggering $100 billion valuation in its latest funding round, accelerating its AI strategy with Agent Bricks expansion, Lakebase investment, and global growth fueled by investor interest in its AI products powering businesses.
Databricks, the data analytics platform, secures over $1 billion in a mega funding round, valuing the company at a staggering $100 billion, becoming the 4th private company to exceed a $100 billion valuation, as investors show strong interest following Figma's successful IPO.
OpenAI CEO Sam Altman acknowledges the AI market is in a bubble reminiscent of the 1990s dot-com boom, even as his unprofitable company seeks $6 billion at a staggering $500 billion valuation amid expert warnings that AI overvaluation now exceeds the internet bubble.