AI inference startup General Compute secures a landmark $400 million loan from Upper90, using inference-specific SambaNova SN50 chips as collateral in a first-of-its-kind deal that signals a major shift in AI infrastructure financing and a bold challenge to Nvidia's dominance.
Z.ai is closing in on $1 billion in annual sales, positioning it to become the first independent Chinese AI firm to hit the milestone, fueled by a sixtyfold surge in API revenue and aggressive open-sourcing of its most powerful models — though it remains lossmaking and heavily reliant on state-owned …
AWS suffers a massive global billing glitch, sending customers erroneous charges as high as $1.5 trillion, with one UK charity worker nearly collapsing after seeing a $7.8 billion charge for a service that normally costs under one pound — prompting AWS to shut down its bill estimation system and issue …
OpenAI launches a 'Useful Intelligence per Dollar' framework, offering businesses a four-dimension scorecard to measure AI value beyond token costs, debuting alongside GPT-5.6, which sets a new coding benchmark record while using 54% fewer output tokens than competing models.
Alphabet shares tumble 4% as its flagship Gemini 3.5 Pro AI model faces months-long delays due to coding performance struggles, leaving Google scrambling to keep pace with rivals OpenAI and Meta who are already debuting powerful new AI coding models.
Ramp launches a free AI Token Spend Management dashboard, giving finance teams unified visibility and control over AI costs across OpenAI, Anthropic, and Google Gemini, with features like anomaly alerts and model optimization already saving some businesses thousands per month.
Nvidia-backed cloud startup Fireworks AI raises $1.5 billion at a $17.5 billion valuation after surging to over $1 billion in annualized revenue — a fivefold jump — fueled by surging corporate demand for cheaper, open-source AI models as it processes 40 trillion tokens daily at costs up to ten times …
Anthropic is racing toward a potential October IPO backed by Goldman Sachs, Morgan Stanley, and JPMorgan, which could see the Claude AI maker beat rival OpenAI to public markets at a staggering $61.5 billion valuation driven by surging enterprise demand for its AI models.
DeepSeek is seeking $1.5 billion at a $71 billion valuation and eyeing a potential 2027 IPO — possibly as early as this year — just one month after closing a $7 billion round at $50 billion, as the Chinese AI startup surges to nearly 23% of tokens processed on Vercel's …
Kalshi launches a GPU forward curve tool that maps future computing power prices using prediction market contracts, positioning compute as a major financial commodity alongside CME Group and ICE as AI infrastructure demand drives projected data center spending into the trillions.