Anthropic executive Paul Smith slams OpenAI's trillion-dollar spending spree as the AI giants clash in a Super Bowl ad war, with Anthropic attacking OpenAI's ChatGPT advertising plans while software stocks plummet amid fears that Claude Cowork productivity tool threatens traditional enterprise software.
Crypto.com founder Kris Marszalek's new platform ai.com crashes under massive traffic after a minimalist Super Bowl ad promises artificial general intelligence and 60-second autonomous agent creation for tasks like stock trading, following a $70 million domain purchase and $8-10 million commercial investment.
Anthropic races toward a massive $20 billion funding round at a staggering $350 billion valuation, doubling their original target as tech giants Nvidia and Microsoft join the investment frenzy while AI rivals OpenAI simultaneously pursues its own $100 billion raise in an escalating battle for AI dominance.
OpenAI rockets past 800 million weekly users while closing in on a massive $100 billion funding round backed by tech giants Microsoft, Nvidia, Amazon, and SoftBank, as the AI company launches ChatGPT advertising and prepares to unveil an updated model amid explosive growth.
OpenAI begins displaying targeted ads to ChatGPT free users across the US as the company scrambles to offset massive projected losses of $14 billion by 2026, launching just one day after rival Anthropic's Super Bowl commercial slammed the advertising approach.
Amazon, Google, and Microsoft reveal a staggering $1.1 trillion cloud computing backlog as AI demand explodes, forcing Big Tech giants to tap bond markets for billions while creating massive opportunities for smaller competitors.
AI stocks crash despite companies like Amazon, Alphabet, and chip manufacturers posting record double-digit growth and Amazon announcing $200 billion infrastructure investment, prompting analysts to declare the selloff a rare once-in-a-decade buying opportunity as the transformative technology remains in early development stages.
Goldman Sachs partners with Anthropic to deploy Claude AI agents for automating accounting, trading reconciliation, and client onboarding, with embedded engineers building autonomous systems that executives expect will accelerate processes and limit future hiring rather than trigger immediate layoffs.
Major US companies including Amazon and HP blame artificial intelligence for over 54,000 layoffs in 2025, but economists expose this as 'AI washing' - a deceptive tactic to hide the real culprits of tariffs, pandemic overhiring, and profit maximization behind tech-savvy excuses.
Software stocks crash as Anthropic unveils Claude Cowork, a powerful AI assistant that automates file management and document drafting across multiple industries, sending Thomson Reuters down 15.83% and Legalzoom plummeting 19.68% amid fears that AI automation will devastate traditional software subscription models.