Oracle is cutting thousands of jobs amid a 25% stock drop and mounting debt, as the tech giant bets big on AI infrastructure with plans to raise $50 billion and honor a $300 billion OpenAI deal, while analysts say slashing up to 30,000 employees could unlock $10 billion in free …
OpenAI launches enterprise-focused Codex plugins integrating Google Drive, GitHub, and Slack, while simultaneously shutting down Sora, ending its $1 billion Disney deal, and pausing adult content plans as the company aggressively pivots toward IPO readiness and a 50-50 consumer-to-enterprise revenue split.
Eli Lilly signs a landmark $2.75 billion deal with AI drug pioneer Insilico Medicine, offering $115 million upfront to fast-track AI-generated drugs across multiple disease areas into global markets.
A new benchmark called FinMCP-Bench launches to rigorously test AI models on real-world financial problem-solving, featuring 613 samples, 65 real financial tools, and 33 sub-scenarios designed to measure both tool invocation accuracy and reasoning capabilities across mainstream large language models.
AI inference costs are set to plummet over 90% by 2030, but total spending will surge as agentic AI models consume dramatically more tokens per task, forcing companies to strategically route workloads or risk falling into a costly commoditization trap.
Legal AI startup Harvey secures $200 million in new funding, skyrocketing its valuation to $11 billion as its platform now serves over 100,000 lawyers across 1,300 organizations with $190 million in annual recurring revenue.
Google's new TurboQuant AI compression algorithm, which slashes memory requirements by up to 6x, is sending memory stocks tumbling, with SanDisk plunging 5.7%, Western Digital down 4.7%, Seagate sliding 4%, and Micron dropping 3%, as investors fear reduced long-term demand for DRAM and flash memory.
OpenAI surpasses $120 billion in total funding, blowing past its $100 billion target with backers like Microsoft and Andreessen Horowitz, as the AI giant eyes a potential IPO and makes tough cuts — including shutting down its Sora video app — to prioritize profitability.
OpenAI is warning prospective IPO investors of major risks, including heavy Microsoft dependency, $665 billion in compute costs through 2030, and mounting legal battles — even as the company boasts a $730 billion valuation and $13.1 billion in 2025 revenue.
AI startups are dominating venture capital, capturing 41% of $128 billion raised on Carta last year, with just 10% of companies securing half of all funding as giants like OpenAI and Anthropic raise tens of billions in a increasingly K-shaped market.