Amazon Web Services commits to providing U.S. federal agencies up to $1 billion in cloud service discounts through 2028, joining Oracle and OpenAI in major deals aimed at accelerating government digital transformation and AI adoption.
ChatGPT skyrockets to 700 million weekly users as OpenAI secures $8.3 billion in funding from top investors, amassing 5 million paying business clients.
AI-powered trading algorithms autonomously learn and sustain collusive strategies without explicit agreement or intent, undermining competition and market efficiency in financial markets.
Legal AI startup Harvey rockets to $100 million in annual revenue within three years of launching, quadrupling its weekly users while serving over 500 major clients including Comcast with AI-powered legal research and drafting services.
Fundamental Research Labs secures $33 million to develop AI agents like Fairies, a consumer assistant, Shortcut for financial analysis, and digital humans, focusing initially on productivity apps across various industries.
OpenAI secures a staggering $8.3 billion in oversubscribed funding round, with demand 5 times higher, propelling its annual recurring revenue to soar past $13 billion, up from $10 billion just months ago.
Apple surges on a 13% increase in iPhone sales, reporting 10% revenue growth, its biggest since December 2021; CEO Tim Cook vows to 'significantly grow' AI investments, open to acquisitions accelerating its AI roadmap, while seeing a 4% sales boost in China aided by device subsidies.
Meta CEO Mark Zuckerberg announces massive AI spending will continue through 2026 with expenses exceeding 2025 levels, raising total expense forecast to $114-118 billion and investing $14.3 billion in AI startup Scale AI, sending shares soaring 12% after strong quarterly earnings beat expectations.
Breaking news: U.S. GDP soars 3% in Q2 2025, exceeding projections, as Trump's tariffs slash imports by 30.3% while consumer spending climbs 1.4%; Trump pressures Fed for rate cuts, citing 'No Inflation!'
AI startup Anthropic seeks $3-$5 billion funding led by Iconiq Capital, aiming for a staggering $170 billion valuation, as it continues to push boundaries in artificial intelligence development.