European Commission launches €3 billion AI strategy featuring two major initiatives: Apply AI Strategy to accelerate artificial intelligence adoption across industries and public sectors, and AI in Science Strategy creating RAISE virtual institute with €600 million funding to coordinate research resources and computational power continent-wide.
Researchers develop AI trading system using advanced wave analysis and multi-task learning that achieves 52.6% win rate on EURUSD testing, processing market data through three modules to separate frequency components and analyze temporal patterns with 1.45 profit factor across 19 trades.
FurtherAI secures $25 million Series A funding led by a16z to automate operational tasks for insurance enterprises as the industry rapidly embraces AI technology transformation.
Legal AI startup EvenUp secures $150 million in Series E funding, reaching a $2 billion valuation after successfully resolving over 200,000 personal injury cases and serving more than 2,000 U.S. law firms with AI-powered case management solutions.
Terzo unveils NirvanAI, an AI-powered platform that helps Fortune 500 companies including Cisco, Home Depot, and Delta recover billions from the $3 trillion global contract management crisis, delivering 90-day ROI and 10% spend optimization through instant document search capabilities.
AMD stock rockets 35% to $222.24 after signing a massive multi-year chip supply deal with OpenAI worth tens of billions, giving the AI company access to 6 gigawatts of compute capacity and an option to purchase up to 160 million AMD shares.
OpenAI acquires AI finance app Roi in an acqui-hire deal, bringing CEO Sujith Vishwajith aboard while shutting down the personalized investment platform on October 15 as part of its strategy to expand consumer AI applications beyond API services.
Major tech giants Meta and Oracle secretly accumulate $47 billion in hidden AI debt through off-balance-sheet financing schemes reminiscent of subprime mortgage crisis tactics, prompting analysts to warn of dangerous bubble behavior as companies gamble on unproven AI returns.
Nvidia CEO Jensen Huang predicts OpenAI will become the world's first multitrillion-dollar company while announcing a massive $100 billion investment to fund data center expansion, dismissing AI bubble warnings by claiming artificial intelligence represents a fundamental computing revolution with exponential demand growth.
Alphabet stock drops 0.6% as AI startup Perplexity makes its premium $200-per-month AI browser Comet completely free, directly challenging Google Chrome's dominance with features that summarize webpages and extract key information while promising to combat low-quality online content.