DeepSeek’s Rise Challenges U.S. AI Dominance
The emergence of Chinese AI app DeepSeek has sent shockwaves through financial markets and the global tech industry. Even U.S. President Donald Trump weighed in, calling it “a wake-up call” for American
SoftBank, OpenAI Delay $100B AI Investment Due to Tariffs
SoftBank and OpenAI’s plan to invest $100 billion in artificial intelligence infrastructure in the U.S. as part of the Stargate project has been delayed for several months, according to a report. The
Nvidia Surpasses Microsoft as World’s Most Valuable Company
Nvidia has regained its position as the most valuable publicly traded company, surpassing Microsoft with a market cap of $3.45 trillion on Tuesday. This milestone comes after a 3% surge in Nvidia’s
Nvidia to Support OpenAI with $100B AI Initiative
Massive investment targets next-gen data centers Nvidia is doubling down on artificial intelligence with a plan to support OpenAI through an investment of up to $100 billion. The partnership centers on building
OpenAI to Grant $100B Stake to Its Nonprofit Arm
New agreement reached with Microsoft OpenAI has announced a new tentative agreement with Microsoft, highlighting a shift in its governance and partnership strategy. As part of this move, OpenAI’s nonprofit parent will
Oracle Surges 27% Despite Mixed Earnings Report
AI cloud momentum drives stock to post-market record Oracle shares soared 27% in after-hours trading Tuesday following strong signals of future growth tied to major cloud infrastructure deals, even as the company
Apple may use Gemini AI to power a new Siri
Early talks signal a major shift in Apple’s AI plans Alphabet shares rose more than 3% following a Bloomberg report that Apple is in early discussions to integrate Google’s Gemini AI models
Amazon Cuts Jobs in AWS Amid Refocus on Priorities
Layoffs Hit Cloud Division After Internal Review Amazon confirmed it is laying off employees within its cloud computing arm, Amazon Web Services (AWS), as part of a restructuring effort aimed at realigning
Goldman Sachs Hires AI Engineer to Boost Productivity
Devin, the AI Software Engineer, Joins Developer Team Goldman Sachs is integrating artificial intelligence more deeply into its operations by testing “Devin,” an autonomous software engineer developed by AI startup Cognition. The
Indeed and Glassdoor Cut 1,300 Jobs Amid AI Shift
Recruit Holdings Moves Toward AI-Driven Operations Recruit Holdings, the Japanese parent company of job platforms Indeed and Glassdoor, is laying off around 1,300 employees as it accelerates its adoption of artificial intelligence.
Meta’s $14.8 Billion Investment in Scale AI: What It Means
Meta’s Strategic Move into AI Meta Platforms (META) has agreed to acquire a 49% stake in artificial intelligence startup Scale AI for $14.8 billion. The deal, which is still awaiting finalization, is
OpenAI Hits $10 Billion in Annual Revenue Amid Rapid Growth
Overview of OpenAI’s Revenue Growth OpenAI has reached an impressive milestone, achieving $10 billion in annual recurring revenue (ARR) in less than three years since the launch of its widely popular ChatGPT
Nvidia Beats Expectations with Strong Data Center Growth
Nvidia reported better-than-expected earnings and revenue on Wednesday, driven by the company’s booming data center business, which saw a remarkable 73% year-over-year growth. The stock rose about 6% in extended trading following