AI training startup Mercor is in talks to raise funding at a $20 billion valuation after doubling revenue to a $2 billion annualized run rate in just four months, while acquiring AI agent training company Deeptune — signaling a strong rebound after a turbulent early 2026 marked by a data …
Anthropic appoints Nobel Prize-winning former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust, a key independent governance body overseeing the AI company's direction as artificial intelligence continues to reshape the global economy.
OpenAI launches GPT-5.6 Sol, Terra, and Luna — boasting a 54% efficiency boost on coding tasks — as the $852 billion company battles rising competition from Meta and SpaceX while quietly filing confidential IPO paperwork with regulators.
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.