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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.
The hedge fund behind DeepSeek delivered over 50% returns last year, boosting capital reserves for one of the world’s fastest-rising AI developers.
xAI raises $20 billion in an oversubscribed Series E round, strengthening its AI infrastructure and model development ambitions.
Nvidia introduced Alpamayo, a reasoning-based autonomous driving AI set to launch on U.S. roads this year.
OpenAI’s Sora platform is driving $15 million in daily costs and intensifying shortages in PC hardware as AI demand accelerates.
OpenAI is reportedly considering acquiring Pinterest in 2026 to gain access to image data, advertising capabilities, and e-commerce partnerships.
Amazon plans to invest up to $50 billion to build AI infrastructure for U.S. government agencies through AWS.
Nvidia is negotiating a $2–$3 billion acquisition of AI21 Labs as it expands deeper into generative AI software.