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.
IREN lands massive $9.7 billion five-year Microsoft GPU cloud services contract and $5.8 billion Dell partnership to deploy NVIDIA GB300 GPUs at its 750MW Texas AI campus through 2026, positioning the company as a major AI cloud provider with access to global hyperscaler customers.
OpenAI recruits over 100 former Goldman Sachs and JP Morgan bankers at $150/hour for Project Mercury, training AI models to automate entry-level investment banking tasks like cash-flow analysis and pitchbook creation, potentially revolutionizing Wall Street's traditional apprenticeship system.
Anthropic integrates Claude AI directly into Microsoft Excel with a sidebar interface that reads, modifies, and creates spreadsheets, delivering 5x faster business reviews and 90% data accuracy for major financial institutions during beta testing.
Perplexity AI's valuation skyrockets from $14 billion to $50 billion in months as the search startup raises funding rounds monthly instead of annually, generating $150 million in revenue while making a stunning $34.5 billion bid for Google Chrome amid fears of an AI investment bubble with 100x revenue multiples.
Tiger Data open-sources Eon, a Slack-native AI assistant that achieves 50% company adoption in just six weeks by solving key production challenges through conversational memory, focused context delivery, and reliable event processing.
Six AI-powered OCR systems including Google Cloud Document AI, Amazon Textract, and Microsoft Azure revolutionize document processing in 2025 by offering advanced features like layout preservation, table detection, and multilingual support beyond traditional text extraction.
Perplexity launches a free AI-powered patent research tool that revolutionizes patent searches by allowing users to input natural language queries instead of complex keywords, automatically surfacing related terms and prior art from academic papers and software repositories.
MediaTek sets ambitious goal to capture 10-15% of the $50 billion data center ASIC chip market, targeting $1 billion in cloud AI chip revenue by 2026 through partnerships with Nvidia on the GB10 Grace Blackwell Superchip.
Alphabet shares rocket 5% to record highs as Q3 revenue soars to $102.4 billion, driven by Google Cloud's explosive 34% growth to $15.2 billion amid surging AI demand that's pushing the tech giant to raise capital spending guidance to $92 billion for massive data center expansion.