OpenAI issues stern warning, declaring unauthorized investments like special purpose vehicles (SPVs) claiming exposure to its equity potentially worthless, as such investments may violate transfer restrictions and lack economic value, mirroring crackdown by other AI giants like Anthropic.
OpenAI CEO Sam Altman cautions investors about an impending AI bubble burst while simultaneously seeking a staggering $500 billion valuation for OpenAI, planning to invest trillions in data centers despite acknowledging overexcitement and implementation challenges plaguing the industry.
OpenAI hits $1 billion revenue milestone in July, fueled by surging ChatGPT-5 subscriptions, but faces a computing power crunch to meet skyrocketing AI demand.
SoftBank injects $2 billion into Intel, acquiring a 2% stake as the chipmaker battles Nvidia in the AI race, with Intel shares rising 6% on the investment announcement.
SoftBank, the Japanese tech conglomerate, injects a massive $2 billion investment into Intel, the American semiconductor giant, sending Intel's shares soaring 6% in after-hours trading as the struggling chipmaker receives a much-needed financial boost.
OpenAI CEO Sam Altman acknowledges the AI market is in a bubble reminiscent of the 1990s dot-com boom, even as his unprofitable company seeks $6 billion at a staggering $500 billion valuation amid expert warnings that AI overvaluation now exceeds the internet bubble.
Groundbreaking AI capabilities are disrupting traditional software models, while Ethereum's price soars driven by a company's ambitious strategy to accumulate 5% of the total ETH supply, echoing MicroStrategy's Bitcoin accumulation approach.
Cohere, an AI startup, secures $500 million in funding, valuing it at $6.8 billion, as it appoints Joelle Pineau as Chief AI Officer and plans to advance agentic AI for businesses and governments.
Crypto exchange Bullish skyrockets on NYSE debut, with shares opening at $90 and surging as high as $118 after raising $1.1 billion in oversubscribed IPO priced above expected range.
AI startups generate unprecedented wealth, minting dozens of new billionaires as record funding rounds propel company valuations to stratospheric heights, solidifying Silicon Valley's dominance in the AI revolution.