Anthropic surpasses OpenAI in secondary market valuation, hitting $1 trillion on Forge Global as its annualized revenue explodes from $9 billion to $39 billion in just months, with investor demand so intense that some are offering property in exchange for shares.
Meta is slashing 10% of its workforce, cutting 8,000 jobs and canceling 6,000 open roles effective May 20, as the tech giant redirects resources toward massive artificial intelligence spending.
Vast Data secures a massive $1 billion Series F funding round backed by Nvidia, catapulting its valuation to $30 billion — more than triple its 2023 worth — as the AI infrastructure company surpasses $4 billion in cumulative bookings and $500 million in annual recurring revenue.
Google Cloud launches the Gemini Enterprise Agent Platform, a powerful evolution of Vertex AI enabling businesses to build, scale, and govern AI agents at enterprise level, with major companies like Comcast, PayPal, and L'Oréal already deploying production-grade agents to automate customer support, financial workflows, and operational intelligence.
OpenAI launches cost-per-click ads inside ChatGPT at $3–$5 per click, directly challenging Google's search ad dominance while racing to build advertiser measurement infrastructure faster than Uber and Netflix did at comparable stages.
Google launches two powerful AI research agents, Deep Research and Deep Research Max, powered by Gemini 2.5 Pro, targeting finance and enterprise markets with advanced capabilities including proprietary data integration and native chart generation, backed by partnerships with FactSet, S&P Global, and PitchBook.
A new proof-of-concept AI hedge fund simulator deploys virtual agents modeled after Warren Buffett, Michael Burry, and Cathie Wood to test trading strategies across valuation, sentiment, and technical analysis — strictly for educational purposes, with no real trades executed.
Jeff Bezos is closing in on a massive $10 billion funding round for his AI startup Project Prometheus, now valued at $38 billion, as the company leverages artificial intelligence to revolutionize engineering and manufacturing across aerospace and automotive industries.
Amazon is pouring up to $25 billion into AI startup Anthropic at a $380 billion valuation, as Anthropic commits to spending over $100 billion on AWS over the next decade while reporting $30 billion in annualized revenue amid a fierce race against OpenAI.
Tech giants Amazon, Google, and Microsoft shed a combined $900 billion in market value as investors revolt against $660 billion in projected AI spending with little return, while Apple surges 7% by taking a lean, asset-light AI approach that keeps its 2026 capital expenditure at just $14 billion, signaling a …