Oracle, OpenAI and SoftBank announce five new U.S. data centers for their $400 billion Stargate project, accelerating toward 10 gigawatts capacity despite MIT research showing only 5% of AI pilot programs achieve rapid revenue growth.
AI companies face a massive $800 billion revenue shortfall by 2030 as computing costs skyrocket toward $2 trillion, with tech giants spending over $500 billion while firms like OpenAI bleed billions and global power demands threaten to outstrip supply capacity.
xAI's new Grok 4 Fast AI model rockets to the top of search leaderboards while slashing operational costs by 47 times compared to competitors like GPT-5 and Claude, offering real-time web and X search capabilities at dramatically reduced pricing of $0.20 per million input tokens.
Nvidia announces a massive $100 billion investment in OpenAI to build data centers requiring 10 gigawatts of power and up to 5 million GPUs, with the first phase launching in late 2026 and driving Nvidia's stock up 4% while adding $170 billion in market value.
Microsoft CEO Satya Nadella warns the tech giant risks obsolescence in the AI age, admitting major businesses could become irrelevant, while employees report low morale and a perceived culture shift towards being colder and lacking empathy.
Figure, a robotics company, secures $1 billion in funding at a $39 billion valuation, accelerating its efforts to deploy general-purpose humanoid robots in homes and businesses, while scaling GPU infrastructure and data collection initiatives.
Tech giants pump over $70 billion into the U.K. for AI and quantum computing initiatives as Trump and Starmer near landmark deal on technology collaboration.
Defying antitrust penalties, Alphabet soars into the $3 trillion market cap club, joining tech giants Nvidia, Microsoft and Apple, with shares surging over 4% on a favorable ruling against lighter proposed US government penalties, marking a milestone around 20 years after Google's IPO and 10 years after Alphabet's creation.
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.