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Artificial intelligence in finance uses statistical and computational systems to analyze data, generate content, automate decisions, and support customer services. Learn how it works, why it matters, how to evaluate it, and which risks beginners should understand.
SpaceX is in talks to merge with Elon Musk’s artificial intelligence startup xAI ahead of a planned public offering, according to Reuters. The deal could pave the way for the largest IPO in history and significantly boost Musk’s personal wealth.
Amazon is reportedly in talks to invest up to $50 billion in OpenAI as the AI firm seeks funding at an $830 billion valuation.
Microsoft shares plunged as much as 12% in a single session after earnings revealed soaring AI infrastructure costs and heavy reliance on OpenAI-linked cloud contracts. The drop marked one of the company’s sharpest declines since 2020.
China authorizes the import of hundreds of thousands of Nvidia H200 AI chips for major domestic buyers.
Tesla will discontinue production of its Model S and Model X vehicles and convert its Fremont factory to manufacture Optimus humanoid robots. Elon Musk said the transition will begin in the second quarter, with long-term output targeted at up to one million robots annually.
Nvidia invests $2 billion in CoreWeave, reinforcing its push into AI-focused cloud infrastructure.
Microsoft unveils a new AI chip designed to reduce reliance on Nvidia as demand for AI computing continues to grow.
Grok 4 outperforms the market in a trading simulation, delivering returns more than four times higher than the S&P 500.
The IMF raises its 2026 global growth forecast, citing AI-driven productivity gains and easing trade-related headwinds.
Anthropic targets a $25 billion funding round led by Sequoia, GIC, and Coatue, valuing the AI company at about $350 billion.
OpenAI says annualized revenue surpasses $20 billion in 2025 as compute expansion and monetization drive record user activity.
OpenAI is projected to post a net loss of around $14 billion this year as soaring AI infrastructure costs outpace revenue growth. Analysts warn the company could run out of cash within 18 months despite plans to reach profitability by 2030.
OpenAI plans to launch its first proprietary AI device in the second half of 2026, expanding beyond software into consumer hardware.
Elon Musk is pursuing up to $134 billion in damages from OpenAI and Microsoft, claiming he was misled after OpenAI abandoned its nonprofit mission and entered a deep commercial partnership with Microsoft.