Michael Burry places $1 billion bet against AI giants Nvidia and Palantir as tech stocks plummet and Goldman Sachs and Morgan Stanley CEOs predict a major 10-20% market correction within two years amid AI bubble concerns.
Andreessen Horowitz shuts down its $175,000 Talent x Opportunity Fund that supported over 60 underserved founders since 2020, laying off at least three staff members as the firm integrates diversity efforts into its broader investment strategy.
OpenAI recruits over 100 former Goldman Sachs and JP Morgan bankers at $150/hour for Project Mercury, training AI models to automate entry-level investment banking tasks like cash-flow analysis and pitchbook creation, potentially revolutionizing Wall Street's traditional apprenticeship system.
Anthropic integrates Claude AI directly into Microsoft Excel with a sidebar interface that reads, modifies, and creates spreadsheets, delivering 5x faster business reviews and 90% data accuracy for major financial institutions during beta testing.
Perplexity AI's valuation skyrockets from $14 billion to $50 billion in months as the search startup raises funding rounds monthly instead of annually, generating $150 million in revenue while making a stunning $34.5 billion bid for Google Chrome amid fears of an AI investment bubble with 100x revenue multiples.
Microsoft reports a staggering $3.1 billion loss from its OpenAI investment as the AI giant burns through $11.5 billion in a single quarter, revealing massive financial struggles despite generating billions in annual revenue.
Apple crushes Q4 earnings with $102.47 billion revenue and $1.85 EPS, beating estimates as iPhone 17 demand reaches record highs with supply constraints driving expectations for the company's best December quarter ever.
Amazon surpasses Q3 earnings expectations with $1.95 per share and $180.17 billion revenue while AWS cloud division accelerates growth to 20.2%, prompting the company to boost 2025 capital spending to $125 billion even as it cuts 14,000 corporate jobs to streamline operations.
Alphabet shares rocket 5% to record highs as Q3 revenue soars to $102.4 billion, driven by Google Cloud's explosive 34% growth to $15.2 billion amid surging AI demand that's pushing the tech giant to raise capital spending guidance to $92 billion for massive data center expansion.
Corporate travel company Navan crashes 20% in its Nasdaq debut despite raising $6.2 billion in its IPO, even as the firm boasts $613 million in revenue and major clients like Zoom and OpenAI.