Amazon CEO Andy Jassy defends a massive $200 billion AI investment, citing AWS revenue surging past a $15 billion run rate — growing 260 times faster than AWS did in its early years — as Amazon stock hits record highs amid booming investor confidence in AI's transformative potential.
Coinbase is cutting 700 jobs — roughly 14% of its workforce — as CEO Brian Armstrong cites AI acceleration and crypto market volatility, with the $50–$60 million restructuring expected to wrap up this quarter amid a broader tech industry wave of AI-driven layoffs.
Anthropic and OpenAI are launching rival enterprise AI ventures worth billions, with Anthropic securing a $1.5 billion joint venture backed by Blackstone and Goldman Sachs, while OpenAI raises $4 billion for its $10 billion-valued Development Company, as both AI giants race toward potential IPOs.
Anthropic, Blackstone, and Goldman Sachs are launching a new AI-native enterprise firm backed by major investors including Sequoia Capital and Apollo Global Management, deploying Claude AI at scale across healthcare, manufacturing, and financial services industries.
Sierra AI secures $950M at a $15.8B valuation in a Tiger Global and Google-led Series E round, even as cofounder Bret Taylor warns a major AI market correction is coming within two years that will eliminate weaker players.
Anthropic and OpenAI are locked in an aggressive battle for Wall Street dominance, striking multibillion-dollar enterprise deals simultaneously — Anthropic launching a $1.5 billion venture with Blackstone and Goldman Sachs while OpenAI raises $4 billion for a new $10 billion joint venture — as both companies race to secure enterprise …
Elon Musk sends a threatening text to OpenAI president Greg Brockman just days before trial, warning him and Sam Altman they would become 'the most hated men in America' after a settlement offer turns hostile, as the high-stakes legal battle over OpenAI's nonprofit mission intensifies in court.
Sierra secures a massive $950M funding round, catapulting its valuation to $15B as its AI-powered customer service platform now serves over 40% of Fortune 50 companies, delivering billions of interactions with resolution rates exceeding 70%.
OpenAI and Anthropic are launching competing billion-dollar enterprise AI joint ventures simultaneously, with OpenAI securing $10B+ backed by TPG and SoftBank while Anthropic partners with Blackstone and Goldman Sachs, as both companies race to dominate business AI adoption ahead of potential IPOs this year.
xAI launches Grok 4.3 with ultra-low API pricing, a 1M-token context window, and rapid voice cloning, topping legal and financial benchmarks, but critics slam its coding and math weaknesses and report erratic 'narcolepsy' behavior in autonomous tasks.