OpenAI launches a 'Guaranteed Capacity' program letting customers lock in one-to-three-year AI compute commitments at increasing discounts, with CEO Sam Altman calling it a 'big win-win' as the company targets $600 billion in total compute spend by 2030 and eyes a potential IPO.
Global AI spending is surging toward $2.59 trillion by 2026 — a 47% year-over-year increase — as enterprises flood the market with agentic automation investments, but CIOs are struggling to prove ROI, with analysts warning that misalignment between AI initiatives and strategic business goals remains the critical obstacle.
A California jury takes just 90 minutes to rule against Elon Musk in his lawsuit against OpenAI, finding he waited too long to sue the company he co-founded and donated $38 million to, after alleging it illegally shifted to a for-profit model — with Musk's team now planning to appeal.
Meta is slashing 8,000 jobs — 10% of its workforce — this week as it redirects billions toward AI, raising capital expenditure guidance to as high as $145 billion for 2026, while internal morale crumbles amid layoff fears and controversial employee tracking tools.
San Francisco's AI boom is creating a stark wealth divide, with roughly 10,000 elite tech workers surpassing $20M in retirement savings while the broader engineering workforce faces mass layoffs and growing fears that AI is rapidly rendering their skills obsolete.
Claude's prompt cache follows a hidden 62.5-minute break-even rule — refresh a cached prefix before expiry or pay full rewrite costs, a ratio-based threshold that scales into thousands of dollars for large, expensive models like Opus 4.7, while context compaction carries its own hidden costs requiring up to 65 future …
OpenAI launches personal finance tools for ChatGPT Pro users in the U.S., enabling bank account connections across 12,000 institutions via Plaid, offering spending insights, portfolio tracking, and financial planning capabilities following its acquisition of startup Hiro.
xAI cofounder Igor Babuschkin is seeking up to $1 billion for his new AI startup River AI at a $5 billion valuation, with General Catalyst in talks to lead the round and Babuschkin personally committing $100 million to the venture.
AI chipmaker Cerebras Systems explodes 68% on its Nasdaq debut, closing at $311.07 after raising $5.55 billion in the largest U.S. tech IPO since Uber's 2019 listing, pushing its market cap to roughly $95 billion as it aggressively challenges Nvidia with new deals from AWS and OpenAI.
AI chipmaker Cerebras explodes 90% on its Nasdaq trading debut, opening at $350 after pricing at $185, claiming the biggest IPO of the year with a $75 billion valuation amid overwhelming investor demand exceeding 20 times available shares as it challenges Nvidia's dominance.