OpenAI is closing in on 1 billion weekly active users as ChatGPT hits 900 million, while a landmark $110 billion funding round from Amazon, Nvidia, and SoftBank values the company at a staggering $730 billion.
xAI loses its seventh co-founder as Toby Pohlen departs Elon Musk's AI startup, accelerating a leadership exodus tied to the company's massive $1.25 trillion merger with SpaceX and a potential record-breaking IPO.
Anthropic expands Claude with new enterprise integrations for Google Drive, Gmail, DocuSign, and FactSet, as software stocks recover from recent volatility and economists find no widespread job displacement yet, though data entry roles face growing risk.
Anthropic surges to a $380 billion valuation after closing its Series G round, more than doubling its worth in just five months, while a $14 billion revenue run rate, a new CFO board appointment, and IPO legal preparations signal a potential public offering as early as 2026.
AI accounting startup Basis rockets to unicorn status after securing $100 million in funding at a $1.15 billion valuation, backed by Accel, GV, and former Goldman Sachs CEO Lloyd Blankfein, signaling surging investor confidence in AI-driven financial services.
A viral report titled 'The 2028 Global Intelligence Crisis' warns that rapid AI adoption could trigger economic collapse through mass white-collar layoffs, collapsing consumer spending, and mortgage defaults, while coining the term 'Ghost GDP' to describe how traditional economic metrics may mask deepening labor displacement — though optimistic forecasts, like …
Anthropic launches a massive employee share sale valued at $350 billion, with between $5 billion and $6 billion lined up for eligible current and former employees to cash out.
IBM shares plummet 13.2% to $223.35, pushing year-to-date losses past 24%, after Anthropic's Claude Code tool threatens IBM's lucrative COBOL modernization business by automating complex legacy code analysis that previously took human analysts months to complete.
As veteran COBOL developers retire and billions of lines of legacy code power 95% of US ATM transactions, AI tools like Claude Code are now automating the most costly and complex phases of modernization, offering organizations a practical, incremental path forward before a critical skills gap becomes a full-blown crisis.
General Catalyst commits a massive $5 billion to India over five years, shifting focus from AI model development to real-world AI deployment, betting on the country's digital infrastructure, vast market, and tech talent as the foundation for transformative growth.