Oracle is simultaneously navigating a massive banking crisis tied to a $300 billion AI data center deal with OpenAI while slashing up to 30,000 jobs, as analysts warn the tech giant may need over $100 billion in additional financing by 2028 amid mounting debt concerns.
Anthropic is racing to close a massive $50 billion funding round within two weeks at a valuation exceeding $900 billion, surpassing OpenAI's $852 billion valuation, as the AI powerhouse reports over $30 billion in annual revenue and prepares for a highly anticipated IPO.
Anthropic is eyeing a staggering $900 billion valuation in a new funding round, potentially overtaking OpenAI as the world's most valuable AI startup, while also revealing a powerful but dangerous new AI model called Mythos capable of exploiting software vulnerabilities — deemed too risky for public release after unauthorized users …
Google is now selling its custom AI chips, Tensor Processing Units, directly to customers for use in their own data centers, marking a major strategic shift that intensifies competition with Nvidia while Amazon simultaneously challenges the chip giant with its own lineup generating over $20 billion in annual revenue.
Perplexity launches a massive enterprise expansion of its AI agent platform at Ask NYC, introducing 50+ prebuilt workflows, Databricks and Snowflake integrations, financial data connections via Morningstar and PitchBook, and a 1Password integration — all while claiming $2.8 billion in labor-equivalent work completed since launch.
AI startup Rogo Technologies hits a $2 billion valuation after two former Wall Street bankers build a platform that automates the tedious grunt work of investment banking, including spreadsheet crunching and slide deck formatting.
MIT and IBM are launching the MIT-IBM Computing Research Lab, expanding their seven-year AI collaboration into quantum and hybrid computing systems to tackle real-world challenges like drug discovery, weather prediction, and financial forecasting.
TradingAgents, an open-source multi-agent LLM framework that replicates real-world trading firms using specialized AI roles, has surpassed 55,000 GitHub stars as its latest version introduces crash recovery, persistent decision logging, and expanded support for major AI providers including OpenAI, Google, and DeepSeek.
Meta unveils closed-source AI model Muse Spark, thrilling Wall Street while simultaneously cutting 10% of its workforce and planning up to $135 billion in AI infrastructure spending, marking a bold shift to compete directly with OpenAI, Anthropic, and Google.
Anthropic's Claude Opus 4.7 quietly raises real-world costs up to 27% through a new tokenizer that generates 32–45% more tokens than its predecessor, despite keeping prices unchanged at $5/M input and $25/M output — though short prompts under 2K tokens actually see a slight cost decrease.