AI companies face a massive financial crisis as 95% report zero return on investment while monthly AI spending surges 36% to $85,521, but new caching technology from Tensormesh promises dramatic 5-10× cost reductions by eliminating redundant GPU computations that currently waste billions in resources.
Stockholm-based AI coding startup Lovable surges to nearly 8 million users and attracts Fortune 500 companies despite experiencing a 40% traffic drop since September, as the one-year-old company seeks a massive $5 billion valuation after previously raising $228 million.
Israeli AI startup Wonderful secures $100 million Series A funding to expand its customer service agents that resolve 80% of daily requests across voice, chat, and email, with plans to enter Germany, Austria, and Nordic markets in 2025.
SoftBank sells its entire $5.8 billion Nvidia stake to fund a massive $30 billion investment in OpenAI and participate in a $1 trillion AI manufacturing hub in Arizona, sending Nvidia shares down 3% as markets question founder Masayoshi Son's bold bet on artificial intelligence over chip manufacturing.
Google Cloud unveils enhanced Vertex AI Agent Builder with configurable context layers, Go language support, and self-healing plugins as major companies like PayPal, Color Health, and Geotab deploy production AI agents for payment processing, healthcare screening, and enterprise automation.
Four AI consulting startups collectively raise over $300 million to revolutionize traditional business advisory services through automated data analysis, with PromptQL securing $136 million to create custom AI analysts from company data while competitors target Fortune 500 decision intelligence and accelerated market research.
Tesla shareholders overwhelmingly approve Elon Musk's unprecedented $1 trillion compensation package tied to achieving an $8.5 trillion market cap, 20 million vehicle deliveries, and deploying 1 million robotaxis, boosting his ownership stake from 13% to 25%.
OpenAI CFO Sarah Friar denies seeking government backing for the company's massive $1.4 trillion infrastructure deals to build data centers, while CEO Sam Altman reveals revenue has surged well beyond the previously reported $13 billion annually.
Snapchat stock crashes 14% in after-hours trading despite reporting strong Q1 earnings with $1.36 billion revenue, 460 million daily users, and 55% growth in its controversial My AI feature as CEO announces major investments in AI-augmented reality integration.
Alibaba-backed Chinese startup Moonshot unveils 'Kimi K2 Thinking' AI model that reportedly outperforms ChatGPT in autonomous task completion while costing just $4.6 million to train versus OpenAI's billions, as major U.S. companies like Airbnb embrace cheaper Chinese alternatives amid escalating global AI competition.