OpenAI CEO Sam Altman acknowledges the AI market is in a bubble reminiscent of the 1990s dot-com boom, even as his unprofitable company seeks $6 billion at a staggering $500 billion valuation amid expert warnings that AI overvaluation now exceeds the internet bubble.
Groundbreaking AI capabilities are disrupting traditional software models, while Ethereum's price soars driven by a company's ambitious strategy to accumulate 5% of the total ETH supply, echoing MicroStrategy's Bitcoin accumulation approach.
Cohere, an AI startup, secures $500 million in funding, valuing it at $6.8 billion, as it appoints Joelle Pineau as Chief AI Officer and plans to advance agentic AI for businesses and governments.
Crypto exchange Bullish skyrockets on NYSE debut, with shares opening at $90 and surging as high as $118 after raising $1.1 billion in oversubscribed IPO priced above expected range.
AI startups generate unprecedented wealth, minting dozens of new billionaires as record funding rounds propel company valuations to stratospheric heights, solidifying Silicon Valley's dominance in the AI revolution.
In a frenzy reminiscent of the dot-com bubble, AI mania propels tech valuations to dizzying heights, with price-to-earnings ratios of S&P 500's largest companies surpassing 1999 peaks, prompting analysts to caution against 'frothy' market sentiment and potential pullback in AI stocks.
Google Finance unveils an AI-powered chatbot to answer market queries, interactive charts for visualizing trends and indicators, and live data across stocks, crypto, and commodities, coupled with a refreshed news feed, enhancing market insights.
Apple unveils a groundbreaking App Intents feature and revamped Siri experience, slated for a spring launch, enabling Siri to seamlessly interact with apps while navigating sensitive scenarios like health and banking with precision.
Junior Wall Street banking roles face disruption as major firms consider slashing entry-level analyst hiring by up to two-thirds, transitioning these positions to data checking rather than gathering as AI adoption surges, requiring more technical skills.
SoftBank's quarterly profits soar on AI investments like Nvidia and startups, while offloading T-Mobile stakes and delaying its $500 billion Stargate AI project with OpenAI due to market volatility.