TeraWulf secures a landmark 20-year, $19 billion lease deal with Anthropic at its Kentucky data campus while simultaneously selling its Bitcoin mining stake for $450 million, signaling a bold and decisive pivot toward AI infrastructure dominance.
NVIDIA-backed Luma AI reaches a $4 billion valuation after securing $900 million in Series C funding led by Saudi-owned Humain, and is now expanding to London with 200 new hires as its Ray3 world model reportedly outperforms OpenAI's Sora and rivals Google's Veo 3.
China's Kling AI, a Kuaishou spinoff valued at $15 billion, raises $2 billion in venture capital and reports explosive 300% year-over-year revenue growth, hitting $500 million in annual recurring revenue as the global AI video race intensifies.
SpaceX acquires AI coding startup Cursor in a massive $60 billion deal, sparking serious questions about whether Cursor can maintain its partnerships with OpenAI and Anthropic under Elon Musk's ownership.
OpenAI is offering the US government a $42.6 billion, 5% ownership stake in the company, as CEO Sam Altman attempts to share AI's financial benefits with the public while navigating rising tensions with the Trump administration's growing interventionist approach to the AI industry.
OpenAI proposes giving the U.S. government a $42.6 billion, 5% stake in the company as CEO Sam Altman pushes a broader plan for top AI firms — including Google, Meta, and Anthropic — to cede similar stakes through a sovereign wealth fund, amid growing Washington pressure over cybersecurity risks and …
AWS is deploying $1 billion to embed engineers directly inside customer organizations, promising to fast-track AI adoption within days — but experts warn the strategy risks deep vendor lock-in as demand for forward deployed engineers surges 700% year over year.
AI inference chip startup Etched surges to a $5 billion valuation after closing a $500 million funding round, backed by Peter Thiel, Geoffrey Hinton, and Fei-Fei Li, while securing $1 billion in contract orders as it takes direct aim at Nvidia's dominance in the booming AI chip market.
AWS launches a $1 billion Forward Deployed Engineering initiative, embedding thousands of AI experts directly within customer teams to co-build and deploy agentic AI solutions in days rather than months, with major partners like the NFL, Southwest Airlines, and the NBA already seeing rapid results.
Former U.S. Secretary of Commerce Gina Raimondo and former Indiana Governor Eric Holcomb launch RAISE US, a billion-dollar nonpartisan nonprofit backed by Amazon, Microsoft, and Anthropic, aimed at preparing American workers for an AI-driven economy through state partnerships, employer coalitions, and AI-powered career navigation tools.