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.
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.
Alphabet soars with $96.43 billion revenue in Q2, beating expectations, and boosts investment in its booming Cloud business to $85 billion by 2025 amid surging demand.
IBM reports Q2 earnings exceeding estimates and raises full-year free cash flow outlook, but software revenue misses expectations and gross margin narrows, causing shares to dip as much as 6% in extended trading despite outperforming the S&P 500 significantly this year.
Anthropic CEO Dario Amodei discloses plans to pursue investments from Gulf states like UAE and Qatar, acknowledging ethical concerns about enriching 'dictators' but citing the need for massive capital to stay at the forefront of AI development.
Artificial intelligence companies are facing a potential bust larger than the dot-com crash, as they are more overvalued than dot-coms in the early 2000s, with the AI boom being bigger, raising concerns that their empires may crumble when the world realizes AI does not justify their massive valuations.
Oracle unveils MCP server enabling AI agents to autonomously query and reason over enterprise data in Oracle Databases, boosting productivity and data utilization across sectors like pharma, healthcare, and finance.