OpenAI completes a $6.6 billion secondary share sale that catapults the AI giant to a staggering $500 billion valuation, making it the world's most valuable private company while allowing long-tenured employees to cash out amid intense competition for top AI talent.
GoFundMe launches Giving Funds, a revolutionary zero-fee donor-advised fund service that lets users invest charitable money tax-free through Goldman Sachs partnerships while sending 100% of donations directly to nonprofits with no minimum balance requirements.
London-based startup Paid raises $21.6M to revolutionize AI billing by enabling companies to charge customers based on actual results delivered rather than traditional usage metrics, addressing the critical issue that 95% of enterprise AI projects currently provide no measurable value to businesses.
Accenture slashes 11,000 jobs from its 791,000-person workforce in an $865 million AI transformation restructuring, threatening to terminate employees who fail mandatory AI training programs despite 7% revenue growth.
JPMorgan Chase deploys AI platform across 250,000 employees that creates investment presentations in 30 seconds and automates processes, while planning 10% staff cuts in consumer banking as workers transition from content creators to AI managers.
German AI image generation startup Black Forest Labs pursues $300 million funding round targeting a $4 billion valuation, quadrupling from its previous $1 billion worth as explosive demand for AI image-editing systems attracts massive investor interest.
AI companies burn through hundreds of billions in investor funds with no profitability path, needing to generate $800 billion to $2 trillion by 2030 while currently making only $45 billion annually, creating a massive bubble that threatens economic catastrophe affecting hundreds of millions when it inevitably bursts.
Cutting-edge AI models now pass the grueling CFA Level III exam in minutes—a financial certification that demands 1,000 hours of human study—with researchers testing 23 language models and finding that advanced systems like o4-mini and Gemini 2.5 Pro successfully tackle complex analytical reasoning that stumped AI just two years ago.
Alibaba shares rocket 9% in premarket trading as CEO Eddie Wu announces plans to boost AI spending beyond the company's existing $53 billion three-year investment, while unveiling its new Qwen3-Max language model and expanding cloud infrastructure globally with new data centers across multiple continents.
OpenAI's $3 billion acquisition of coding startup Windsurf ignites a major intellectual property dispute with Microsoft, as the AI giant refuses to grant its key partner equal access to the new technology despite their existing multibillion-dollar investment agreement, potentially threatening their crucial cloud alliance.