Alphabet shares tumble 4% as its flagship Gemini 3.5 Pro AI model faces months-long delays due to coding performance struggles, leaving Google scrambling to keep pace with rivals OpenAI and Meta who are already debuting powerful new AI coding models.
Ramp launches a free AI Token Spend Management dashboard, giving finance teams unified visibility and control over AI costs across OpenAI, Anthropic, and Google Gemini, with features like anomaly alerts and model optimization already saving some businesses thousands per month.
Nvidia-backed cloud startup Fireworks AI raises $1.5 billion at a $17.5 billion valuation after surging to over $1 billion in annualized revenue — a fivefold jump — fueled by surging corporate demand for cheaper, open-source AI models as it processes 40 trillion tokens daily at costs up to ten times …
Anthropic is racing toward a potential October IPO backed by Goldman Sachs, Morgan Stanley, and JPMorgan, which could see the Claude AI maker beat rival OpenAI to public markets at a staggering $61.5 billion valuation driven by surging enterprise demand for its AI models.
DeepSeek is seeking $1.5 billion at a $71 billion valuation and eyeing a potential 2027 IPO — possibly as early as this year — just one month after closing a $7 billion round at $50 billion, as the Chinese AI startup surges to nearly 23% of tokens processed on Vercel's …
Kalshi launches a GPU forward curve tool that maps future computing power prices using prediction market contracts, positioning compute as a major financial commodity alongside CME Group and ICE as AI infrastructure demand drives projected data center spending into the trillions.
Anthropic and OpenAI are locked in an aggressive AI price war, offering free and expanded access to their most powerful models in a high-stakes battle for user loyalty, even as soaring compute costs raise serious questions about the long-term financial viability of their loss-leader strategy.
Greg Brockman seizes full control of OpenAI's products and enterprise teams after Fidji Simo's departure, now facing intense pressure to defend the company's $852 billion valuation, reverse ChatGPT's declining market share, and deliver a successful IPO amid fierce competition from Anthropic, Google, and xAI.
Tencent is in talks to become the largest external shareholder in agentic AI startup Manus at a $2 billion valuation, moving aggressively into the AI race after Chinese regulators blocked Meta's acquisition of the company.
A new Verasight survey finds 69% of Americans support forcing AI giants to hand over 50% of their stock to a public wealth fund, as Senator Bernie Sanders pushes the American AI Sovereign Wealth Fund Act amid warnings that AI could displace over 15 million U.S. workers.