OpenAI acquires AI finance app Roi in an acqui-hire deal, bringing CEO Sujith Vishwajith aboard while shutting down the personalized investment platform on October 15 as part of its strategy to expand consumer AI applications beyond API services.
Major tech giants Meta and Oracle secretly accumulate $47 billion in hidden AI debt through off-balance-sheet financing schemes reminiscent of subprime mortgage crisis tactics, prompting analysts to warn of dangerous bubble behavior as companies gamble on unproven AI returns.
Nvidia CEO Jensen Huang predicts OpenAI will become the world's first multitrillion-dollar company while announcing a massive $100 billion investment to fund data center expansion, dismissing AI bubble warnings by claiming artificial intelligence represents a fundamental computing revolution with exponential demand growth.
Alphabet stock drops 0.6% as AI startup Perplexity makes its premium $200-per-month AI browser Comet completely free, directly challenging Google Chrome's dominance with features that summarize webpages and extract key information while promising to combat low-quality online content.
OpenAI completes a $6.6 billion secondary share sale that catapults the AI giant to a staggering $500 billion valuation, making it the world's most valuable private company while allowing long-tenured employees to cash out amid intense competition for top AI talent.
GoFundMe launches Giving Funds, a revolutionary zero-fee donor-advised fund service that lets users invest charitable money tax-free through Goldman Sachs partnerships while sending 100% of donations directly to nonprofits with no minimum balance requirements.
London-based startup Paid raises $21.6M to revolutionize AI billing by enabling companies to charge customers based on actual results delivered rather than traditional usage metrics, addressing the critical issue that 95% of enterprise AI projects currently provide no measurable value to businesses.
JPMorgan Chase deploys AI platform across 250,000 employees that creates investment presentations in 30 seconds and automates processes, while planning 10% staff cuts in consumer banking as workers transition from content creators to AI managers.
German AI image generation startup Black Forest Labs pursues $300 million funding round targeting a $4 billion valuation, quadrupling from its previous $1 billion worth as explosive demand for AI image-editing systems attracts massive investor interest.
AI companies burn through hundreds of billions in investor funds with no profitability path, needing to generate $800 billion to $2 trillion by 2030 while currently making only $45 billion annually, creating a massive bubble that threatens economic catastrophe affecting hundreds of millions when it inevitably bursts.