Corporate AI spending faces a major reckoning as companies like Microsoft and Uber struggle to justify soaring costs and poor returns, with experts warning that unfocused deployment, high token costs, and poor use case selection are driving a correction away from AI overuse toward smarter, revenue-focused applications.
Anthropic surpasses OpenAI in valuation after raising $65 billion in a Series H round at a staggering $965 billion post-money valuation, backed by Sequoia Capital and tech giants Samsung and Micron, as the AI powerhouse reports $47 billion in run rate revenue and eyes a potential IPO.
OpenAI and Thrive Holdings have deployed a self-improving Tax AI across 30+ accounting firms that processed 7,000 returns this season with 97% drafting accuracy, saving practitioners a third of their time while autonomously correcting its own mistakes through a continuous feedback loop.
OpenAI commits $250 million to help workers and the economy adapt to AI disruption, funding retraining programs, independent research, and long-term strategies to equitably distribute AI-generated wealth — a move that serves both public goodwill and the company's bottom line.
Robinhood launches Agentic Trading and an Agentic Credit Card, enabling users to connect AI agents that autonomously execute stock trades and credit card purchases through dedicated accounts equipped with spending caps, fraud detection, and instant agent disconnection for full user oversight.
Robinhood is now allowing AI agents to autonomously trade stocks and make purchases with real money on its platform, while warning users that these AI-driven strategies carry significant risk, including the potential loss of their entire investment.
DeepSeek is raising $10 billion in new funding while pledging to prioritize AGI research and open-source AI development over short-term profits, with founder Liang Wenfeng doubling down on the company's mission to push the boundaries of artificial intelligence.
DeepSeek slashes V4 Pro prices by 75% to $0.87 per million output tokens, dramatically undercutting rivals like GPT-5 and Claude Opus 4.7, igniting an AI price war while geopolitical tensions and accusations of unauthorized training data theft from Anthropic continue to cloud the Chinese AI company's rapid market expansion.
OpenAI and Anthropic are racing toward IPOs as both AI giants report explosive revenue growth, with OpenAI filing as soon as this week at an $850 billion valuation while Anthropic surges ahead with a projected $950 billion valuation and $10.9 billion in Q2 revenue.
AI hardware startup Hark, founded by Brett Adcock, raises $700M in a Series A round backed by Nvidia, AMD, Intel, and others, reaching a staggering $6B valuation amid intensifying competition in AI infrastructure.