Google soars on positive reception for Gemini 3
is surging today, on track for its third-biggest daily gain this year, after its release of Gemini 3 on Tuesday. The latest update to its flagship model includes significant improvements to reasoning,...
Report: Anthropic valuation shoots up to $350 billion
This week’s huge, if circular , $30 billion deal between , , and Anthropic adds some rocket fuel to the AI startup’s valuation. CNBC reports that the additional $5 billion investment from Microsoft an...
Google releases Gemini 3 AI model
Today released Gemini 3, a major update to its flagship AI model. The new model comes with a number of new features that aim to leap ahead of competitors OpenAI and Anthropic. The release also feature...
Microsoft, Nvidia investing in Anthropic; Anthropic to buy $30 billion in Azure computing capacity
Well, this is the Platonic ideal of a circular AI deal. In a joint press release , , , and Anthropic (maker of the Claude genAI) announced a strategic partnership that includes a slew of 10- and 11-di...
Elon Musk runs an AI startup — now, so does Jeff Bezos, as he launches Project Prometheus
Jeff Bezos, the third-richest man in the world and the founder of , a company increasingly focused on AI , has created a new AI startup of which he will be co-CEO, according to The New York Times. The...
BABA rises as the company prepares major update of its flagship AI app, aimed at taking on ChatGPT
is up nearly 5% in Hong Kong on Thursday morning, paring losses earlier in the week, after Bloomberg reported that the e-commerce giant is set to overhaul its mobile AI app to become a fully functioni...
OpenAI releases GPT 5.1, which can be “Professional,” “Candid,” or “Quirky”
Today OpenAI released GPT 5.1 , an update that aims to make ChatGPT “more conversational.” The model comes in two versions: GPT-5.1 Instant (“now warmer, more intelligent, and better at following your...
Tesla shareholders support Musk much more than Musk’s xAI
shareholders voted resoundingly in favor of CEO Elon Musk’s $1 trillion pay package last week, with nearly 70% voting in favor (75% of votes). Their enthusiasm for investment in Musk’s other company w...
Meta falls on report that Chief AI Scientist Yann LeCun is leaving to found his own startup
chief artificial intelligence scientist, Yann LeCun, is leaving to found his own startup, the Financial Times reports , sending the stock down more than 1% premarket. Tensions have emerged between the...
Anthropic’s move to diversify from Nvidia chips may give it an edge against OpenAI
Anthropic has reportedly been upping its revenue forecasts , and appears to be catching up to market leader OpenAI. Anthropic’s thriving API business is juicing its revenues, and it has made some stra...
Bank of America: Claiming an AI bubble over OpenAI’s money situation is a “lazy/cherry-picked argument”
Bank of America analyst Vivek Arya is throwing down the gauntlet: there’s one bear case against AI stocks he really doesn’t like. “The common argument that ‘AI stocks must be overvalued because OpenAI...
Microsoft falls as it lays out plan for “Humanist Superintelligence” without OpenAI
stock is down 2% after the company announced it is developing its own superintelligence team to pursue AI that surpasses humans, but also keeps humans in charge. The so-called “Humanist Superintellig...
OpenAI says its AI device will be “multimodal” but doesn’t give many more details
In an interview at The Wall Street Journal’s Tech Live conference, OpenAI CFO Sarah Friar was most clear about what she couldn’t say about the company’s forthcoming AI device. She wouldn’t say how the...
Nvidia’s slump continues even after Jensen Huang softens his statement that “China is going to win the AI race”
ended Wednesday’s session with a late-day drubbing, which was followed by an article from the Financial Times in which CEO Jensen Huang said, “ China is going to win the AI race ” because its regulato...
IonQ posts huge sales beat in Q3
posted a monster top-line beat in the third quarter, along with a smaller loss than analysts had feared. The results: Revenue: $39.9 million (compared to a consensus estimate of $27 million and guidan...
Apple to pay Google $1 billion a year for access to AI model for Siri
plans to pay about $1 billion a year to use the search giant’s AI model for Siri, Bloomberg reports. Google’s model — at 1.2 trillion parameters — is way bigger than Apple’s current models. The deal...
Nebius Group gains after launching Token Factory platform to offer access to inference compute using open-source models
Shares of are trading well in the green on Wednesday after the neocloud launched the Nebius Token Factory, a platform that offers access to inference compute and supports over 60 open-source AI model...
Anthropic projections for 2028: Up to $70 billion in revenue, could be profitable by 2027
Anthropic’s Claude API business is doing so well with enterprise customers, the company is upping its revenue forecasts significantly. According to a report from The Information, the company’s robust ...
Getty Images shares moon on licensing deal with Perplexity
soared Friday after announcing a multiyear licensing deal with AI search company Perplexity AI. Reuters reports: “Under the agreement, Perplexity will integrate Getty’s API technology into its AI plat...
Google uses an AI-generated ad to sell AI search
is using AI video to tell consumers about its AI search tools, with a Veo 3-generated advertisement that will begin airing on TV today. In it, a cartoonish turkey uses Google’s AI Mode to plan a vacat...