SpaceX's Starlink satellite internet business soars, generating $15.5 billion in revenue this year, rivaling NASA's funding through public and private contracts worth $38 billion, while legally minimizing taxes.
C3.ai CEO Thomas M. Siebel steps down amid legal scrutiny and disappointing financial results, with the company missing revenue targets, withdrawing guidance, and its stock plunging 29% over the past year as it faces competitive pressures and allegations of misleading investors.
Nvidia retreats from the cloud battle, while OpenAI secures a massive $50 billion windfall by renegotiating revenue sharing terms with Microsoft and partners, signaling a major shift in the AI landscape.
OpenAI restructures as a for-profit company, securing billion-dollar partnerships with Microsoft, granting its non-profit parent an equity stake exceeding $100 billion, and inking a $300 billion cloud deal with Oracle to build new data centers.
AI-powered consumer products experience meteoric hypergrowth, reaching millions of users and $100M ARR within 2 years, driven by usage-based pricing, consumer expensing at work, sophisticated pricing tiers, consumer-to-enterprise bridges, and early enterprise sales investments.
F5 acquires CalypsoAI for $180 million, strengthening its AI security offerings with CalypsoAI's real-time threat defense and data security products for AI workloads; the cash-financed deal is expected to close this month.
OpenAI and Microsoft sign groundbreaking deal to restructure their partnership, paving the way for OpenAI's transformation from nonprofit to for-profit entity potentially valued at over $100 billion while resolving competitive tensions and expanding OpenAI's cloud computing options.
AI automating travel charges like rental car damage fees, hotel bills, and airline pricing raises accuracy concerns as systems make errors, lack oversight, and unfairly charge customers, prompting calls for documentation and disputing erroneous charges.
AI pioneer Geoffrey Hinton warns of imminent mass job losses and skyrocketing corporate profits due to AI advancements, attributing the economic upheaval to capitalism rather than AI itself, as early signs of AI displacing entry-level jobs emerge.
Databricks secures $1 billion funding at over $100 billion valuation as AI agents now create 80% of databases compared to just 30% a year ago, with the company reaching $4 billion in annual recurring revenue.