Microsoft is ditching OpenAI and Anthropic AI models in favor of cheaper, in-house MAI models across products like Excel and Outlook, while simultaneously cutting 4,800 jobs and doubling down on AI expansion — a bold cost-cutting gamble that risks alienating enterprises demanding top-tier AI performance.
Microsoft is ditching OpenAI and Anthropic AI models in favor of its own proprietary MAI models inside Excel and Outlook, completing tens of thousands of prompts weekly as the tech giant slashes costs and bets big on in-house artificial intelligence.
Broadcom shares surge over 6% after Apple extends their chip partnership through 2031, with Broadcom set to supply custom AI-focused ASIC chips across multiple Apple product generations, including advanced AI servers planned for 2027.
TeraWulf shares surge 13% after signing a landmark 20-year, $19 billion AI infrastructure lease with Anthropic at its Kentucky data campus, while also selling a major joint venture stake for $450 million to focus on wholly owned AI projects.
Nvidia's next-gen Kyber NVL144 rack system is delayed to 2028 due to manufacturing failures with a critical circuit board, leaving the AI chip giant without a large-scale solution for its Rubin Ultra chips and handing rivals AMD and Google a rare opening to challenge its dominance.
TeraWulf secures a landmark 20-year, $19 billion lease deal with Anthropic at its Kentucky data campus while simultaneously selling its Bitcoin mining stake for $450 million, signaling a bold and decisive pivot toward AI infrastructure dominance.
Microsoft cuts 4,800 jobs — about 2.1% of its global workforce — hitting gaming and commercial divisions hardest, as the tech giant reshapes operations amid an AI-driven transformation that is fundamentally changing how work gets done.
Alibaba bans employees from using Anthropic's Claude Code starting July 10, labeling it high-risk, as Anthropic simultaneously tightens restrictions blocking Chinese companies from accessing its AI models and closes loopholes that enabled unauthorized use.
Anthropic is in talks with Samsung to develop a custom AI chip, joining a growing industry push to reduce reliance on Nvidia as rival OpenAI also unveils its own custom processor built with Broadcom.
Palantir CEO Alex Karp reveals a new partnership with Nvidia and outlines the company's frontier AI strategy live on CNBC's 'Squawk Box,' signaling a major expansion in Palantir's artificial intelligence ambitions.