Snapchat stock crashes 14% in after-hours trading despite reporting strong Q1 earnings with $1.36 billion revenue, 460 million daily users, and 55% growth in its controversial My AI feature as CEO announces major investments in AI-augmented reality integration.
Snap's revenue growth plummets to just 9% at $1.35 billion after a technical glitch causes ads to run at heavily discounted rates, while the company struggles with flat monetization despite gaining 469 million daily users.
OpenAI CEO Sam Altman announces the company expects to surpass $20 billion in annualized revenue by 2025 and reach hundreds of billions by 2030, while committing a staggering $1.4 trillion over eight years for massive data center infrastructure expansion across enterprise, consumer devices, robotics, and AI cloud services.
Microsoft launches new MAI Superintelligence Team led by AI chief Mustafa Suleyman to develop advanced artificial intelligence applications for healthcare diagnostics, education, and renewable energy, marking the tech giant's push to reduce OpenAI dependence and compete with Meta's similar research investments.
Anthropic projects explosive growth to $70 billion revenue by 2028 and seeks $300-400 billion valuation as its Claude AI products drive rapid business adoption, with Claude Code alone approaching $1 billion in annual revenue.
Apple strikes massive $1 billion annual deal with Google to power upgraded Siri using custom Gemini AI model with 1.2 trillion parameters, launching next spring as the tech giant races to catch up in artificial intelligence competition.
Pinterest stock crashes 21% as CEO warns Trump tariffs will damage Q4 revenue despite launching AI-powered shopping assistant and achieving major cost savings through open source AI models.
SoftBank and OpenAI launch joint venture 'SB OAI Japan' to deploy exclusive AI solution 'Crystal Intelligence' across Japanese enterprises in 2026, with SoftBank already creating 2.5 million custom GPTs internally as the first validation user.
Major corporations abandon multi-million dollar consulting contracts as AI automation replaces expensive human analysts from McKinsey, Deloitte, and Accenture, forcing the entire consulting industry to reinvent itself or face obsolescence.
Amazon launches construction of Fastnet, its first wholly-owned subsea fiber-optic cable stretching from Maryland to Ireland with massive 320 terabits per second capacity capable of streaming 12.5 million HD movies simultaneously, set to go operational by 2028.