Stockholm-based AI coding startup Lovable is seeking a staggering $12 billion valuation — nearly double its previous worth — after surpassing $400 million in annual recurring revenue and amassing 8 million users, including enterprise giants like Uber, Microsoft, and HubSpot, in less than two years.
OpenAI and the White House are in active talks to give the U.S. government an equity stake in the AI giant, potentially seeding a public wealth fund that would let American citizens share in the financial gains of AI growth.
President Trump is floating a plan for the U.S. government to take a small ownership stake in major AI companies, framing it as a 'partnership with the American public' that could make Americans 'rich' while boosting AI's popularity and maintaining America's competitive edge over China.
Chinese AI startup DeepSeek is raising $7.4 billion in its first-ever funding round, valuing the company at up to $59 billion, with founder Liang Wenfeng personally committing $3 billion and Tencent eyeing a major stake, as China accelerates its push for AI dominance following DeepSeek's models shaking confidence in U.S. …
Morgan Stanley is opening its stock administration platforms to external AI agents, allowing corporate clients to autonomously interact with firm systems without traditional logins — a bold move that puts the bank ahead of Wall Street rivals like JPMorgan and Goldman Sachs, with plans to expand access to all 3,400 …
Anthropic files pre-IPO paperwork as it hits its first profitable quarter and nearly $50 billion in projected annual revenue, even as a growing corporate backlash over AI costs looms — with 40% of companies reporting AI savings below 10% and one CFO spending half a billion dollars on Claude in …
OpenAI expands Codex with six new plug-ins targeting non-technical users in sales, analytics, and finance, as non-developers now make up 20% of Codex users and are growing three times faster than developers, signaling a major push to compete with Anthropic for a broader audience.
Anthropic closes a massive $65B funding round near a $1T valuation as AI agents invade finance — Robinhood launches autonomous AI trading accounts — but a new MIT report warns 76% of organizations lack the infrastructure to support the agentic future they're racing toward.
Alphabet raises $80 billion, including a $10 billion investment from Berkshire Hathaway, to fund a massive AI infrastructure expansion as demand for Google's AI solutions outpaces supply, with capital expenditures projected to reach up to $190 billion this year.
Gusto launches 'Gusto Cofounder,' an AI agent powered by OpenAI that lets small business owners automate payroll, expenses, and reporting using plain-language prompts, with built-in integrations and a competitive edge from its deep existing presence within thousands of businesses.