Dow Jones crashes 500 points as investors panic over potential AI bubble similarities to dot-com crash while Federal Reserve rate cut hopes plummet from 90% to just 50%, sending major tech stocks including Nvidia, Amazon, Microsoft and Meta tumbling.
OpenAI secures over $1 trillion in computing deals with tech giants including Nvidia, Oracle, and AMD while projecting a staggering $155 billion cash burn, raising serious questions about whether the AI company can generate enough revenue to sustain its massive infrastructure spending spree.
Microsoft and Nvidia pour $15 billion into AI startup Anthropic, catapulting the company's valuation to a staggering $350 billion and nearly doubling its worth from September as the tech giants secure massive compute deals worth tens of billions.
Michael Burry's hedge fund places massive $1.1 billion bet against AI giants Nvidia and Palantir through put options, wagering their stock prices will fall in the near term despite the companies' strong AI market positions.
OpenAI hires former Instacart CEO Fidji Simo to lead ChatGPT operations and drive profitability as the AI giant plans to transform the chatbot into a comprehensive personal services platform covering shopping, travel, and financial advice while introducing advertising to free users.
Peter Thiel's hedge fund completely dumps its $100 million Nvidia stake amid growing investor skepticism about AI market valuations, joining Michael Burry and SoftBank in bearish bets as hedge fund sentiment splits evenly on whether AI companies can prove profitable.
Sakana AI shatters Japanese startup records by achieving a massive $2.6 billion valuation, officially becoming Japan's most valuable unicorn company and cementing its position as the nation's largest unlisted technology startup following its latest funding round worth approximately 400 billion yen.
Alembic Technologies secures $145M Series B funding with valuation skyrocketing 16-fold as the startup builds an Nvidia Blackwell GPU-powered supercomputer to deliver enterprise causal AI that understands cause-and-effect relationships for regulated industries.
Stockholm-based AI coding startup Lovable surges to nearly 8 million users and attracts Fortune 500 companies despite experiencing a 40% traffic drop since September, as the one-year-old company seeks a massive $5 billion valuation after previously raising $228 million.
Israeli AI startup Wonderful secures $100 million Series A funding to expand its customer service agents that resolve 80% of daily requests across voice, chat, and email, with plans to enter Germany, Austria, and Nordic markets in 2025.