Business - News Articles

SoftBank CEO Goes 'All In' on OpenAI with $33.2 Billion Investment Plan

Jun 27, 2025

CNBC

SoftBank CEO Masayoshi Son announces plans to invest $33.2 billion in OpenAI, predicting it will become the world's most valuable company and positioning SoftBank as the leading platform provider for artificial superintelligence within a decade.

Funding Business

AI Startup Studio Aims to Launch 100,000 Companies Annually

Jun 27, 2025

TechCrunch

Audos, an AI-powered startup studio, aims to launch a staggering 100,000 companies annually by providing AI tools, social media advertising, and taking a 15% revenue share from 'everyday entrepreneurs' it assists in building businesses.

Funding Business Marketing

Companies Embrace 'Model Minimalism' to Cut Costs, OpenAI Unveils o3-pro for Enterprises

Jun 27, 2025

VentureBeat

Companies embrace 'model minimalism' to cut costs while OpenAI unveils o3-pro, a reliable enterprise AI model offering increased tool use at the expense of speed.

Foundation Models Enterprise Business

Meta Poaches OpenAI Researcher to Bolster AI Reasoning Capabilities

Jun 27, 2025

TechCrunch

Meta bolsters its AI capabilities by poaching OpenAI researcher Trapit Bansal, who joins the company's new AI superintelligence unit led by Alexandr Wang, aiming to develop advanced AI reasoning models to power products like AI agents.

Foundation Models Business Agents

Kalanick Eyes Pony AI's U.S. Unit, Uber May Assist Deal

Jun 27, 2025

TechCrunch

Former Uber CEO Travis Kalanick is in talks to acquire Pony AI's U.S. unit, potentially with assistance from Uber, marking his return to the autonomous vehicle space after his 2017 exit.

Autonomous Vehicles Business Geopolitics

Salesforce CEO: AI Handles 30-50% of Company's Workload, Reaching 93% Accuracy

Jun 26, 2025

CNBC

Salesforce CEO Marc Benioff reveals AI handles 30-50% of the company's workload, achieving 93% accuracy, as technology firms adopt AI to cut costs, enhance efficiency, and reshape their workforce.

Enterprise Labor & Jobs Business

xAI Leaks Reveal Grok's AI-Powered File Editor with Spreadsheet Capabilities

Jun 23, 2025

TechCrunch

Leaked code reveals xAI is developing an AI-powered file editor with spreadsheet capabilities for Grok, Elon Musk's ambition to turn X into an 'everything app' to rival OpenAI, Google, and Microsoft.

Consumer Products Foundation Models Business

Zuckerberg Eyes AI Startup Thinking Machines Lab, Deal Stalls

Jun 23, 2025

Techmeme

Meta CEO Mark Zuckerberg explores acquiring AI startup Thinking Machines Lab founded by Mira Murati, but talks stall before reaching formal offer stage, as he actively seeks AI acquisitions to enhance Meta's capabilities.

Business Funding

OpenAI Halts Jony Ive Promotion Amid 'io' Trademark Dispute

Jun 22, 2025

TechCrunch

OpenAI faces legal hurdles as a court issues a restraining order over the use of the name 'io', forcing the company to halt promotional materials around its high-profile partnership with renowned designer Jony Ive, but the deal remains intact.

Legal Business

Zuckerberg Assembles AI Dream Team, Doubles Down on Tech Investments

Jun 21, 2025

CNBC

Meta CEO Mark Zuckerberg assembles an AI 'dream team', hiring former GitHub CEO Nat Friedman and partner Daniel Gross, doubling down on AI investments after previous efforts fall short of expectations.

Business Labor & Jobs