Anthropic CEO Dario Amodei discloses plans to pursue investments from Gulf states like UAE and Qatar, acknowledging ethical concerns about enriching 'dictators' but citing the need for massive capital to stay at the forefront of AI development.
Artificial intelligence companies are facing a potential bust larger than the dot-com crash, as they are more overvalued than dot-coms in the early 2000s, with the AI boom being bigger, raising concerns that their empires may crumble when the world realizes AI does not justify their massive valuations.
Oracle unveils MCP server enabling AI agents to autonomously query and reason over enterprise data in Oracle Databases, boosting productivity and data utilization across sectors like pharma, healthcare, and finance.
OpenAI announces plans to monetize its AI chatbot ChatGPT by integrating an eCommerce checkout system, allowing sellers to complete transactions within the platform and paying a commission to OpenAI on sales made through ChatGPT.
Monte Carlo simulations generate probabilistic outcomes by assigning random values to variables and averaging results, assuming efficient markets ignoring external factors.
AI automation is slashing graduate hiring in accounting and finance as major firms like AIB deploy AI tools for routine tasks, raising fears from trade unions about potential job losses with around 30% of workers in roles vulnerable to AI replacement according to a government study.
Escalating trade tensions as the European Union extends suspension of tariffs on US goods until August, while US President Trump announces 30% tariffs on EU imports starting August 1, prompting the EU to warn of further countermeasures.
Elon Musk's AI company xAI launches Grok 4, its latest flagship AI model boasting frontier performance, alongside a $300 monthly SuperGrok Heavy subscription for early premium access.
Mistral, the European AI firm behind Le Chat chatbot, aims to raise $1 billion in equity and hundreds of millions in debt to expand its open-weight large language model capabilities.
Robinhood CEO Vlad Tenev defends tokenized stock offerings for private AI and space companies like OpenAI and SpaceX, arguing retail investors deserve exposure to disruptive assets despite tokens not technically representing equity.