xAI faces an exodus as CFO Mike Liberatore, general counsel Robert Keele, senior lawyer Raghu Rao, co-founder Igor Babuschkin, and former X CEO Linda Yaccarino resign after a $10 billion fundraise and concerns over xAI's chatbot Grok.
Meta's profits surge from proven machine learning models as generative AI hype overshadows the continued success of conventional AI techniques powering applications across sectors, potentially signaling overlooked investment opportunities in traditional AI firms.
India's richest man Mukesh Ambani launches Reliance Intelligence subsidiary with $100 million partnerships alongside Google and Meta to build national AI infrastructure and develop enterprise solutions for Indian and international markets.
Donald Trump Jr.'s venture firm invests millions in Polymarket, a $1 billion predictions market that acquires CFTC-licensed QCEX, clearing regulatory hurdles for potential U.S. expansion.
Intel cautions of potential backlash from stakeholders as the Trump administration secures a 10% stake and voting rights in the tech giant, raising concerns over international sales impact and shareholder governance.
OpenAI issues stern warning, declaring unauthorized investments like special purpose vehicles (SPVs) claiming exposure to its equity potentially worthless, as such investments may violate transfer restrictions and lack economic value, mirroring crackdown by other AI giants like Anthropic.
OpenAI CEO Sam Altman cautions investors about an impending AI bubble burst while simultaneously seeking a staggering $500 billion valuation for OpenAI, planning to invest trillions in data centers despite acknowledging overexcitement and implementation challenges plaguing the industry.
OpenAI hits $1 billion revenue milestone in July, fueled by surging ChatGPT-5 subscriptions, but faces a computing power crunch to meet skyrocketing AI demand.
SoftBank injects $2 billion into Intel, acquiring a 2% stake as the chipmaker battles Nvidia in the AI race, with Intel shares rising 6% on the investment announcement.
SoftBank, the Japanese tech conglomerate, injects a massive $2 billion investment into Intel, the American semiconductor giant, sending Intel's shares soaring 6% in after-hours trading as the struggling chipmaker receives a much-needed financial boost.