Apple surges on a 13% increase in iPhone sales, reporting 10% revenue growth, its biggest since December 2021; CEO Tim Cook vows to 'significantly grow' AI investments, open to acquisitions accelerating its AI roadmap, while seeing a 4% sales boost in China aided by device subsidies.
Meta CEO Mark Zuckerberg announces massive AI spending will continue through 2026 with expenses exceeding 2025 levels, raising total expense forecast to $114-118 billion and investing $14.3 billion in AI startup Scale AI, sending shares soaring 12% after strong quarterly earnings beat expectations.
Meta's Reality Labs division posts a $4.53 billion operating loss in Q2 despite $370 million in sales, while EssilorLuxottica reports Ray-Ban Meta smart glasses sales more than tripled year-over-year in the first half of 2025.
AI startup Anthropic seeks $3-$5 billion funding led by Iconiq Capital, aiming for a staggering $170 billion valuation, as it continues to push boundaries in artificial intelligence development.
AI chatbot subscriptions soar to over $200 per month as companies bank on attracting early adopters willing to pay premium prices for alpha products, hoping mainstream adoption will follow as AI tools become more user-friendly and provide better guidance.
SoftBank-backed LegalOn secures $50M funding, unveiling AI-powered contract review software that cuts review times by 85% and AI agent tools developed in partnership with OpenAI, leveraging advanced models grounded in legal expertise.
Major tech giants like Meta, Amazon, and Google are ramping up their AI investments to a staggering $325 billion in 2025, a 46% surge from 2024, despite investors' concerns over the lack of clear revenue streams from AI offerings, as these companies bet big on long-term payoffs.
Gupshup raises over $60 million in funding to expand its conversational AI and messaging platform, powering 120 billion messages annually with industry-trained AI agents handling customer and employee interactions across multiple channels.
OpenAI and Oracle unveil 4.5 gigawatts of new Stargate data center capacity, with parts of Stargate 1 in Abilene, Texas operational, as part of a $500 billion AI infrastructure investment plan in the U.S. over the next four years.
Conversational AI startup Gupshup secures $60 million in equity and debt funding to drive global expansion and strengthen its AI agent offerings, though its unicorn status remains unconfirmed as the company keeps its valuation undisclosed.