AI chip startup SambaNova surges to an $11 billion valuation after raising $1 billion led by General Atlantic, with JPMorgan Chase deploying its systems and a U.S. IPO targeted for 2027 as it challenges Nvidia's dominance in the AI chip market.
Chinese AI models like DeepSeek are surging past 30% U.S. market share as businesses abandon OpenAI and Anthropic for alternatives that are up to 90% cheaper and rapidly closing the performance gap with American frontier models.
AI law startup Norm reaches unicorn status after raising $120 million in a Series C round led by Khosla Ventures, pushing its valuation to $1.2 billion as it disrupts traditional legal billing with AI agents supervised by human attorneys serving enterprise clients.
Samsung Electronics posts a jaw-dropping 19-fold surge in quarterly operating profit to $58 billion, yet shares plunge over 10% and trigger a market circuit-breaker in Seoul as sky-high investor expectations, fueled by a 150% stock rally tied to AI chip demand, go unmet.
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.
Anthropic rolls out spend alerts, cost analytics, and model defaults for Claude Enterprise as a 'tokenmaxxing' crisis sends AI costs spiraling out of control, with companies like Uber burning through entire annual AI budgets in just four months.
Uber burns through its entire 2026 AI coding budget in just four months, with COO Andrew Macdonald openly questioning whether the skyrocketing spending is actually delivering value, admitting a clear link between AI tool usage and meaningful consumer features has yet to be established.
A groundbreaking new study of over 21,000 U.S. companies reveals that heavy AI adopters are actually growing their workforces by 10%, with entry-level hiring surging 12%, directly countering widespread fears that artificial intelligence is destroying jobs.
China's Kling AI, a Kuaishou spinoff valued at $15 billion, raises $2 billion in venture capital and reports explosive 300% year-over-year revenue growth, hitting $500 million in annual recurring revenue as the global AI video race intensifies.