French AI startup Mistral AI is in talks to raise $3.5 billion in a new funding round that could value the company at $23 billion, nearly doubling its previous $13 billion valuation as it races to compete against US and Chinese AI rivals.
Oracle shares plunge up to 11% as the tech giant reveals plans to raise $40 billion in debt and equity financing amid a staggering $23.7 billion in negative free cash flow, spooking investors despite a strong earnings beat with revenue surging 21% to $19.18 billion and capital expenditures skyrocketing 162% …
Genspark secures $100M in a Series B extension, catapulting its valuation 63% to $2.6 billion in just three months, bringing total funding to over $645 million for the agentic workplace startup.
OpenAI acquires cloud startup Ona to supercharge its AI coding tools, as Codex surges past 5 million weekly users, signaling a major push to make AI-driven development more powerful for businesses.
Global AI spending is surging toward $2.59 trillion by 2026, a 47% year-over-year increase, as AI models lead growth at 110%, yet enterprises remain stuck in tactical, incremental investments while hyperscalers dominate transformative AI infrastructure spending.
Anthropic unveils two major AI policy frameworks backed by $350 million in commitments, as CEO Dario Amodei urges urgent regulation ahead of a near-trillion dollar IPO, raising questions about whether the move is genuine risk mitigation or strategic PR.
Surging AI costs are driving companies toward cheaper, smaller models, with Coinbase's Brian Armstrong predicting 80% of workloads will migrate to models 99% cheaper within 18 months, threatening the core business models of AI giants OpenAI and Anthropic.
Anthropic launches two powerful Mythos-class AI models — Fable 5 for the public and Mythos 5 with lifted safeguards for cyberdefenders — pushing forward despite industry calls for a slowdown, backed by a $65 billion funding round valuing the company at nearly $1 trillion.
Standard Bots hits a $1 billion valuation after raising $200 million led by General Catalyst and RoboStrategy, accelerating US robotic arm manufacturing as competition with China in AI-powered robotics intensifies.
Apple unveils free AI cloud access for smaller developers at WWDC 2026, offering no-cost Foundation Models via Private Cloud Compute to those with under 2 million App Store downloads, as skyrocketing AI costs plague the industry — with Uber reportedly burning through its entire 2026 AI budget in just four …