OpenAI has started work on an IPO that could value the company at $1 trillion
OpenAI is preparing for an initial public offering that could value the company as high as $1 trillion. Citing three people familiar with the matter, Reuters reports that the ChatGPT maker is consider...
OpenAI completes its restructuring, now controlled by a $130 billion nonprofit
OpenAI has completed its long-awaited corporate restructuring, emerging as a for-profit public benefit corporation (valued at $500 billion ) controlled by a smaller nonprofit that instantly became one...
Qualcomm surges after revealing new AI chips with Saudi Arabia’s HUMAIN as first big buyer
took over leadership of the semiconductor rally this morning after announcing new AI chips for data centers, sending shares soaring. The AI200 and AI250 are expected to be available in 2026 and 2027, ...
Google rises on official announcement of Anthropic deal worth “tens of billions”
has made its deal to expand AI compute to Anthropic, reported earlier this week by Bloomberg, official . In order to train and serve its Claude model, Anthropic has agreed to pay Google Cloud “tens of...
Google rises on report of deal with Anthropic for AI compute “valued in the high tens of billions”
is rebounding from Tuesday’s OpenAI-induced drubbing thanks to a Bloomberg report published after yesterday’s close that it’s in talks to provide AI compute to Anthropic in a deal “valued in the high ...
Meta reorganizes its AI teams yet again, this time slashing 600 positions
As it scrambles to catch up to rivals, is yet again restructuring its AI teams, and will be laying off 600 researchers, according to Axios. This is the fifth reorg in the past eight months, based on ...
OpenAI releases Chrome-competitor browser “ChatGPT Atlas,” sending Google shares down
OpenAI took aim at today with its own AI-powered web browser called “ ChatGPT Atlas .” The new browser, which is currently only available for Macs, aims to merge ChatGPT with a modern web browser. An...
OpenAI claimed a math breakthrough this weekend, only to be smacked down
In an embarrassing episode this weekend, OpenAI was forced to walk back a claim of a major math breakthrough. Kevin Weil, OpenAI’s VP of science, posted on X that “GPT-5 just found solutions to 10 (!)...
Google’s Gemini 3.0 reportedly due to be released in December
is aiming to release the latest version of its flagship AI model, Gemini 3.0, in December, according to a report from Sources.news . The updated model is expected to make significant gains that should...
The revenue race between Anthropic and OpenAI is getting more heated
Whether it’s the ~$1 trillion worth of deals the company’s signed, how it might actually make the money it needs to finance them, or just how tricky it’s become to track the money going in and out of ...
Report: Hollywood talent agencies were blindsided by OpenAI’s Sora and its hazy opt-out scheme
Just before OpenAI unleashed its Sora app on the world, reports emerged that the company was taking a novel approach to dealing with intellectual property rights: rights holders would have to opt out ...
Apple suffers another AI setback as it loses key AI search leader to Meta
efforts to get back into the AI race took another hit with news from Bloomberg that the head of AI search for a revamped Siri is leaving for . According to the report, Ke Yang took charge of Apple’s “...
Report: Anthropic is catching up to OpenAI, on track for $9 billion annual run rate by the end of 2025
Strong demand for its enterprise AI tools like Claude Code has pushed Anthropic’s annual revenue run rate to $7 billion this month, according to a report from Reuters, with the Amazon-backed company o...
Report: OpenAI scrambles to find new revenue in its 5-year business plan
After a flurry of enormous (and confusing ) deals, OpenAI has committed to spending more than $1 trillion with various partners in the AI ecosystem. Now it has to figure out how to pay for it all . Th...
Sora’s ghoulish reanimation of dead celebrities raises alarms
OpenAI’s video generation app Sora has spent its first two weeks at the top of the charts . The startup’s fast-and-loose approach to enforcing intellectual property rights has seen the app flooded wit...
IonQ dips after raising $2 billion through a creative sale of stock and warrants
is falling in early trading after announcing plans to raise nearly $2 billion from the sale of stock and warrants to Heights Capital Management, an affiliate of Susquehanna that focuses on investing i...
Nvidia backs Reflection AI in $2 billion fundraising round
When DeepSeek R1 was released at the end of last year, it shook the AI world to its core . The scrappy Chinese startup developed a competitive open-weights reasoning model that bested several state-of...
Nvidia helps boost xAI funding round to $20 billion
xAI’s latest funding round has now doubled to $20 billion from $10 billion a month ago , thanks in part to backing from , which invested $2 billion in the equity portion of the transaction, Bloomberg ...
AMD soars again after getting more than 20 price target hikes across Wall Street following its deal with OpenAI
Over the past 24 hours, Wall Street has been scrambling to revise its view on how high shares of can climb in the wake of its recently announced megadeal with OpenAI . While the terms of the arrangem...
IBM rises after announcing partnership with Anthropic that will integrate Claude into IBM’s software portfolio
jumped as much as 7.5% in early trading on Tuesday after announcing that the company is partnering with Anthropic to integrate its AI model Claude into IBM’s software offerings. No financial details w...