Artificial intelligence companies are facing a potential bust larger than the dot-com crash, as they are more overvalued than dot-coms in the early 2000s, with the AI boom being bigger, raising concerns that their empires may crumble when the world realizes AI does not justify their massive valuations.
In an escalating tech talent war, Google acquires AI coding startup Windsurf for $2.4 billion, onboarding co-founder Varun Mohan and senior R&D staff to bolster its AI capabilities against rivals like OpenAI and Meta.
Nvidia's stock skyrockets, propelling the company's market capitalization beyond an unprecedented $4 trillion mark, fueled by the surging demand for its AI-accelerating hardware amidst the generative AI frenzy sweeping the tech industry, despite geopolitical headwinds and restrictions on chip sales to China.
Mistral, the European AI firm behind Le Chat chatbot, aims to raise $1 billion in equity and hundreds of millions in debt to expand its open-weight large language model capabilities.
Microsoft lays off over 3,000 employees in Washington state as it pivots focus to artificial intelligence, investing billions into AI infrastructure amid criticism of impersonal termination processes and an intense work culture.
In a major restructuring amid tech industry upheaval, Microsoft announces sweeping job cuts, slashing 15,000 positions across divisions and regions to streamline operations and adapt to technological shifts, despite robust financials.
Scale AI strategy chief Jason Droege becomes CEO as founder Alexandr Wang departs for Meta in a $14 billion deal, with Meta taking a 49% stake and Wang leading a new AI research lab.
Mark Zuckerberg finalizes a $14 billion deal to invest in Scale AI and hires co-founder Alexandr Wang to lead Meta's AI push, aiming to catch up with rivals like OpenAI in the AI race.
Monte Carlo unveils 'AI-Ready' initiative offering data and AI observability, partnering with Databricks to provide visibility into data and AI quality on their platform, delivering an end-to-end solution for enterprises.
Join Monte Carlo at Snowflake Summit 2025 to learn how leading data teams leverage data observability to get AI-ready, ensuring reliable, trustworthy data across the AI Data Cloud, powering AI applications with observability into unstructured data, and accelerating AI adoption through data quality management.