AI chipmaker Cerebras Systems is targeting a massive $4 billion IPO with a $40 billion valuation, with formal marketing set to launch as early as Monday amid surging investor demand for its shares.
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 …
Microsoft and OpenAI restructure their partnership, freeing OpenAI to expand beyond Azure and onto all cloud platforms including AWS, while Microsoft still stands to profit financially from the surprisingly amicable deal.
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.
Alphabet crushes Q1 2026 expectations as Google Cloud surpasses $20 billion in revenue for the first time, AI-powered cloud revenue skyrockets 800% year-over-year, Waymo hits 500,000 weekly autonomous rides across 11 U.S. cities, and paid subscriptions across YouTube and Google One reach 350 million.