In a meeting with President Trump, Meta CEO Mark Zuckerberg announces a staggering $600 billion US investment plan by 2028, only to admit in a hot mic gaffe that he fabricated the figure, while tech rivals share AI investment plans.
In a landmark settlement, Anthropic AI pays $1.5 billion to resolve copyright claims from authors over an estimated 500,000 books used to train its AI models, compensating writers around $3,000 per book.
Mistral, a French AI startup rivaling OpenAI, secures a staggering €2 billion at a $14 billion valuation, fueling the European AI boom with its open-source language models and chatbot Le Chat, as European AI startups gain momentum with a 55% surge in Q1 2025 investments.
xAI faces an exodus as CFO Mike Liberatore, general counsel Robert Keele, senior lawyer Raghu Rao, co-founder Igor Babuschkin, and former X CEO Linda Yaccarino resign after a $10 billion fundraise and concerns over xAI's chatbot Grok.
Meta's profits surge from proven machine learning models as generative AI hype overshadows the continued success of conventional AI techniques powering applications across sectors, potentially signaling overlooked investment opportunities in traditional AI firms.
India's richest man Mukesh Ambani launches Reliance Intelligence subsidiary with $100 million partnerships alongside Google and Meta to build national AI infrastructure and develop enterprise solutions for Indian and international markets.
Donald Trump Jr.'s venture firm invests millions in Polymarket, a $1 billion predictions market that acquires CFTC-licensed QCEX, clearing regulatory hurdles for potential U.S. expansion.
The S&P 500's massive concentration in seven tech giants creates dangerous risks for short-term investors, as these stocks drive 26% of earnings growth while the remaining 493 companies manage only 3% growth, prompting financial advisors to recommend diversification into equal-weight indexes and international markets.
Intel cautions of potential backlash from stakeholders as the Trump administration secures a 10% stake and voting rights in the tech giant, raising concerns over international sales impact and shareholder governance.
US public companies plummet from over 8,000 in the late 1990s to just 4,317 in 2023 as firms increasingly delay IPOs to escape quarterly reporting pressures and maintain operational control, creating transparency challenges for employee shareholders in private markets.