Meta signs a massive $21 billion deal with CoreWeave for AI processing capacity through 2032, pushing CoreWeave's revenue backlog to $87.8 billion — but the AI cloud firm faces a staggering $113 billion expansion bill, a $1.17 billion net loss, and dangerous customer concentration risks as Meta and OpenAI together …
Meta doubles down on AI dominance, committing an additional $21 billion to CoreWeave on top of a prior $14.2 billion deal, securing Nvidia GPU-powered cloud capacity through 2032 as part of a staggering $115–$135 billion capital expenditure plan this year.
Amazon surges to $717 billion in revenue with AWS AI income exceeding $15 billion annually, as the tech giant unleashes a $200 billion spending spree on AI infrastructure, robotics, drone delivery, and satellite broadband, cementing its dominance across cloud, grocery, and logistics.
Nearly 80,000 tech workers are losing their jobs in Q1 2026, with AI and automation blamed for nearly half the cuts as companies slash their workforces and funnel the savings directly into AI investments, raising alarms about the future of white-collar and entry-level employment.
Perplexity surges 50% in a single month to hit $450M ARR, powered by a bold pivot from AI search to autonomous AI agents, while boasting 100 million monthly users — though it still trails rivals like OpenAI at $20B and Anthropic at $19B in annual revenue.
Poke AI surges to a $300M valuation as its no-download personal assistant lets users manage calendars, health, and smart home devices directly through iMessage, SMS, and Telegram, growing 10x in users in just a few months.
Perplexity AI's annual recurring revenue surpasses $450 million as of March 2026, more than doubling in a single quarter, while its user base tops 100 million and its valuation soars to $21 billion — up from just $3 billion in mid-2024.
AI is going deeply personal this week: Utah launches a pilot letting AI renew psychiatric prescriptions for just $19/month, OpenAI secures a record $122 billion funding round at an $852 billion valuation, and thousands of workers worldwide are filming their daily chores to train the next generation of humanoid robots.
Investors are now demanding full AI-driven operational overhauls before funding companies, shifting focus from surface-level AI features to evidence that entire business models are being rebuilt around artificial intelligence as foundational infrastructure.
Anthropic's revenue explodes past $19 billion annually, fueled by surging demand for its Claude Code AI tool, but the company now faces a potentially devastating blow as Defense Secretary Pete Hegseth designates it a supply-chain risk, threatening to cut off all US government sales.