AI Business
81 articles
Anthropic Launches Claude for Healthcare With HIPAA-Ready Infrastructure for Clinical Work
Anthropic launched Claude for Healthcare, a HIPAA-ready AI offering targeting clinical documentation, prior authorization, and medical coding across hospitals and life sciences firms.
Bristol Myers Squibb Builds Life Sciences' Most Powerful AI Factory on NVIDIA's Vera Rubin System
Bristol Myers Squibb is deploying an NVIDIA DGX SuperPOD based on the new Vera Rubin NVL72 platform to accelerate AI-driven drug discovery and trim research timelines.
Hyundai Takes Full Ownership of Boston Dynamics, Plans 25,000 Atlas Robots for Factories
Hyundai Motor Group is buying SoftBank's remaining Boston Dynamics stake for about $325 million, taking full control and planning to deploy 25,000 Atlas humanoid robots across its factories.
AI Debt Headed Toward $570 Billion as Goldman Sachs Warns of a Looming 'Tsunami'
Morgan Stanley sees AI debt issuance nearly doubling to $570 billion in 2026, while Goldman Sachs raises an internal alarm that the bond market's capacity to absorb it is nearing collapse.
DeepSeek Targets $74 Billion Valuation in New Funding Round Ahead of Shanghai IPO
DeepSeek is raising roughly $7.4 billion at a $74 billion valuation as annualized revenue nears $500 million, with plans to list on Shanghai's STAR Market.
Microsoft Trains Sales Teams to Push Its Own AI Models Over OpenAI and Anthropic
At an internal FY27 strategy meeting, Microsoft executives told salespeople to talk down OpenAI, Google, and Anthropic and pitch its own in-house AI models.
Netflix Confirms $587 Million Cash Deal for Ben Affleck's AI Startup InterPositive
Netflix has confirmed it paid $587 million in cash for Ben Affleck's AI startup InterPositive, one of the largest Hollywood-AI acquisitions to date.
Databricks Hits a $188 Billion Valuation in a New Coatue-Led Round as AI Demand Surges
Databricks signed a term sheet valuing the company at $188 billion in a Coatue-led round reportedly worth about $3 billion, fueling its AI agent push.
OpenAI's CFO Pitches a 'Useful-Intelligence-Per-Dollar' Yardstick for AI Spend
OpenAI CFO Sarah Friar says companies should measure AI by work accomplished, not seats, proposing a four-question test for AI returns as token-cost scrutiny grows.
SAP Acquires Prior Labs in €1 Billion Deal, Betting on Tabular Foundation Models
SAP completed its acquisition of German AI startup Prior Labs with over €1 billion in funding, just 18 months after founding, to build a frontier lab for enterprise structured data.
Apple Overtakes Nvidia as World's Most Valuable Company as AI Bets Shift
Apple reclaimed the title of world's most valuable company at a $4.88 trillion market cap, surpassing Nvidia at $4.86 trillion as investors reassess the AI spending outlook.
Anthropic in Talks to Lease Compute From Meta in Potential $10 Billion AI Deal
Anthropic is in preliminary talks to lease AI computing power from Meta in a deal worth around $10 billion, the NYT and CNBC reported, following a similar SpaceX arrangement.
SpaceX in Talks to Supply Pentagon With AI Computing Power Worth Billions, WSJ Reports
SpaceX is in talks to provide the Pentagon with billions in AI data center capacity, positioning the rocket company to challenge neoclouds like CoreWeave.
Fireworks AI Raises $1.5 Billion Series D at $17.5 Billion Valuation to Build 'Specialized Intelligence'
Fireworks AI raised a $1.5 billion Series D at a $17.5 billion valuation after surpassing $1 billion in annualized revenue, betting on specialized AI models.
AI Chip Stocks Plunge as TSMC Outlook Triggers Asia Sell-Off: SoftBank Down 9%, Kioxia Halved From Peak
A Wall Street AI sell-off spread to Asia on July 17, 2026, with SoftBank sinking over 9% and Kioxia's market value halving from its peak as investors lose faith in the AI chip trade.
Alibaba Leads $439 Million Round in AIsphere, China's Largest AI Video Startup Funding
Alibaba led a $439M Series C for AIsphere, maker of PixVerse, as Chinese tech giants race to dominate AI video generation technology.
Helsing Raises $1.8 Billion Series E, Becoming Europe's Best-Funded Defense AI Startup at $18 Billion Valuation
Munich-based Helsing raised $1.8B in Europe's largest defense-tech funding round, reaching an $18B valuation as AI reshapes military technology.
Reflection AI Signs Over $1 Billion Nvidia Compute Deal With Nebius Through 2029
AI startup Reflection AI has locked in more than $1 billion in Nvidia GPU capacity from Nebius through 2029, weeks after a $6.3 billion SpaceX compute deal — despite having no public model yet.
Elon Musk Admits He Was “Clearly Wrong” About Anthropic and Calls the Rival an AI “Leader”
Elon Musk reversed course on Anthropic, calling the Claude maker an AI leader and pledging not to weaponize SpaceXAI compute against it — a shift with implications for Amazon and Alphabet.
Microsoft CEO Nadella Warns of 'Reverse Information Paradox': Businesses 'Pay for Intelligence Twice'
Satya Nadella says companies feeding proprietary data into LLMs are paying for their own IP and risking their competitive advantage, and proposes a fix.
India's TCS Plans Up to 8,900 Forward-Deployed AI Engineers and Seeks Acquisitions
Tata Consultancy Services is building a team of up to 8,900 forward-deployed AI engineers and pursuing acquisitions in AI, data security, and cybersecurity to stay competitive.
Saudi Arabia's Humain and Canada's Cohere Forge Strategic AI Infrastructure Partnership
Saudi Arabia's Humain and Canada's Cohere announced a partnership to build sovereign AI infrastructure across the Middle East, spanning compute, models, and enterprise AI.
OpenAI Bets on Families as ChatGPT Goes Deeper Into Households
OpenAI is hiring a dedicated product manager for families and caregivers as Sensor Tower data shows ChatGPT's audience skewing older, with parents driving adoption.
OpenAI Bets on Families as ChatGPT Goes Deeper Into Households
OpenAI is hiring a dedicated product manager for families and caregivers as Sensor Tower data shows ChatGPT's audience skewing older, with parents driving adoption.
Apple Sues OpenAI for Trade Secret Theft, Alleging Hardware Espionage 'at Every Level'
Apple filed a federal lawsuit against OpenAI, accusing two former employees of stealing confidential hardware designs and trade secrets for the ChatGPT maker's AI device ambitions.
JPMorgan AI Agents Beat the 60/40 Portfolio in Two Decades of Backtests
JPMorgan built AI agents that shift between stocks and bonds — and all eight beat the classic 60/40 portfolio on a risk-adjusted basis. Bloomberg reports.
SK Hynix Raises Record $26.5 Billion in Largest US Listing by a Foreign Company
South Korean chip giant SK Hynix raised $26.5 billion in the biggest US share sale by a foreign firm, surpassing Alibaba's record, as AI demand for high-bandwidth memory soars.
OpenAI's No. 2 Executive Fidji Simo Steps Down Over Chronic Illness
Fidji Simo, OpenAI's CEO of Applications and its second-highest ranking executive, is stepping down from her full-time role after a prolonged battle with a neuroimmune condition.
Tencent Moves to Reclaim Manus AI as China-Blocked $2 Billion Meta Deal Faces Unwind
Tencent is in talks to become the largest shareholder of AI agent startup Manus, leading an investor effort to reverse Meta's blocked $2 billion acquisition amid escalating U.S.-China tech tensions.
Starbucks Taps AI to Replace Microsoft and IBM Software, Rattling Enterprise Vendors
Starbucks is building in-house AI tools to cut its reliance on Microsoft and IBM software, sending enterprise software stocks lower.
China's Zhipu AI Launches $4 Billion Hong Kong Share Sale After 1,500% Stock Rally
Zhipu AI is selling $4 billion in Hong Kong shares after a 1,500% stock surge, testing investor appetite as post-IPO lock-ups for Chinese AI firms expire.
Google Backs Proxima Fusion's Record $468 Million Round, Betting on Fusion to Feed AI's Energy Hunger
Google and RWE backed Proxima Fusion's record €411 million ($468M) round at a €2.4 billion valuation, Europe's largest fusion bet as AI data centers strain power grids.
Microsoft Quietly Shifts Copilot to In-House AI Models, Phasing Out OpenAI and Anthropic to Cut Costs
Microsoft is routing tens of thousands of Copilot queries a week through in-house MAI models, phasing out OpenAI and Anthropic to slash costs under AI chief Mustafa Suleyman.
Microsoft Lays Off 4,800 Employees as Xbox Restructures and AI Spending Climbs
Microsoft cut 4,800 roles, 2.1% of its workforce, with Xbox losing 1,600 jobs. Executives say AI isn't replacing workers directly, but admits it is 'changing how work gets done.'
Samsung Posts Record Quarterly Profit as AI Memory Demand Drives 1,810% Earnings Surge
Samsung Electronics estimates Q2 2026 operating profit of 89.4 trillion won, up 1,810% year-on-year, as AI memory chip demand shatters records.
U.S. Treasury Internal Report Warns an AI Bubble Could Trigger Dot-Com-Style Economic Mayhem
A U.S. Treasury draft report warns that an AI investment bubble could mirror the dot-com crash, with ripple effects across the broader economy, NOTUS reports.
Anthropic Signs $19 Billion, 20-Year AI Data Center Lease With TeraWulf in Kentucky
Anthropic signed a 20-year lease at TeraWulf's Justified Data campus in Hawesville, Kentucky, expected to generate about $19 billion in revenue as AI infrastructure spending accelerates.
Cisco Rolls Out AI Agents to All 90,000 Employees in Major Enterprise Deployment
Cisco is giving every one of its 90,000 workers an AI agent, one of the largest enterprise deployments yet, following thousands of recent layoffs.
Foxconn Posts 40% Q2 Revenue Jump as AI Server Demand Surges Past Smartphones
Nvidia supplier Foxconn (Hon Hai) reported a 40% jump in Q2 2026 sales as AI server revenue overtook smartphones, signaling sustained demand for AI infrastructure.
Zoom to Acquire Common Room, Bolstering Its AI Revenue Platform With Buyer Intelligence
Zoom agreed to buy Seattle-based Common Room to fuse AI buyer intelligence into its Revenue Accelerator, deepening the company's push into AI-powered sales tools.
Israeli AI Cybersecurity Startup Dream Raises $260 Million to Defend Latin American Governments
Dream, an Israeli AI cyber defense startup co-founded by NSO Group's Shalev Hulio, raised $260 million at a $3 billion valuation to expand across Trump-aligned Latin America.
OpenAI's £30 Billion Stargate UK Project Under Scrutiny After Reported Site Visit Failure
OpenAI's Stargate UK investment is facing fresh questions after reports it failed to visit the key North East site, with the £30bn figure called speculative.
Alibaba Bans Claude Code After Hidden Anthropic Tracking Code Targeting Chinese Users Surfaces
Alibaba banned staff from Anthropic's Claude Code after a teardown exposed hidden code fingerprinting Chinese users - a new clash in the US-China AI rivalry.
Kuaishou's Kling AI Raises Nearly $3 Billion as Alibaba and Tencent Back China's Video Model Bet
Kuaishou's Kling AI unit secured nearly $3 billion from Alibaba, Tencent and others at a $15 billion valuation, setting a record for AI video funding.
Nvidia Bankrolls AI Startups With GPU Revenue-Sharing Deals to Break Big Tech Grip
Nvidia is offering young cloud providers sweeping financial guarantees — leasing back unused GPUs and taking a cut of revenue — to reduce its reliance on Amazon, Microsoft, and Google.
Nvidia Bankrolls AI Startups With GPU Revenue-Sharing Deals to Break Big Tech Grip
Nvidia is offering young cloud providers sweeping financial guarantees — leasing back unused GPUs and taking a cut of revenue — to reduce its reliance on Amazon, Microsoft, and Google.
Microsoft Launches Frontier Company With $2.5 Billion and 6,000 AI Engineers to Accelerate Enterprise Adoption
Microsoft has unveiled Frontier Company, a new $2.5 billion unit with 6,000 employees dedicated to embedding AI engineers inside customer organizations worldwide.
Palantir CEO Karp Slams OpenAI and Anthropic Token Pricing: 'Something Has Gone Completely Wrong'
Palantir CEO Alex Karp criticized the token-based business models of OpenAI and Anthropic, calling for a shift to open-weight models and greater IP protection.
Neocloud Together AI Raises $800 Million at $8.3 Billion Valuation as Open Source AI Surges
Together AI secured $800M in Series C funding at an $8.3B valuation, with $1.15B in annual bookings. Aramco Ventures led the round as open source model adoption triples.
Meta Plans Cloud Business to Sell Excess AI Compute Power, Challenging AWS and Google Cloud
Meta is developing plans for a cloud infrastructure business to sell excess AI compute capacity, Bloomberg reports. Shares jumped 9% as the company eyes a CoreWeave-style model.
AWS Commits $1 Billion to New Forward-Deployed Engineer Org for AI Agents
Amazon Web Services launched a $1 billion forward-deployed engineer organization to embed AI experts inside customer companies, following similar moves by OpenAI and Anthropic.
Booz Allen Hamilton Partners With OpenAI to Build AI for US National Security
The largest AI services provider to the US federal government teams up with OpenAI to build mission-ready AI for defense and critical infrastructure.
Meta Restricts Employee Use of Claude and Codex, Fearing Distillation
Internal documents reviewed by The Information show Meta is limiting staff access to Anthropic's Claude and OpenAI's Codex over concerns about model distillation and data exposure.
Gartner Warns AI Coding Token Costs Could Rival Developer Salaries Within Two Years
Gartner predicts enterprises may soon pay as much for developers' AI token usage as for their salaries, as consumption-based pricing and agentic tools drive costs skyward.
Google Caps Meta's Gemini Access as AI Compute Demand Strains Capacity
Google has limited Meta's use of its Gemini AI models after the social media giant sought more compute than the search company could supply, the Financial Times reports.
BIS Warns a $1 Trillion AI Boom Could End in a Prolonged Investment Bust
In its annual report, the Bank for International Settlements warns that disappointment in AI returns could trigger a protracted investment bust with ripple effects rivaling the 2008 financial crisis.
Apple Vision Pro Exec Paul Meade Leaves for OpenAI Hardware Team
Paul Meade, the Apple VP who led the Vision Pro and the company's upcoming AI smart glasses, is leaving to join OpenAI's hardware team, Bloomberg reports.
OpenAI Hires Uber India Chief Prabhjeet Singh as Its First India Managing Director
OpenAI appointed former Uber India president Prabhjeet Singh as its first India managing director, betting on its largest market outside the US.
Amazon Pledges Another $13 Billion for AI and Cloud Infrastructure in India
Amazon's new $13 billion commitment brings its total India investment to $48 billion, funding AWS data center expansion in Mumbai and Hyderabad through 2030.
China's Z.ai Closes Frontier AI Gap With U.S. Rivals as It Plans Dual Listing
Chinese AI startup Z.ai has closed the frontier model gap with U.S. rivals after Anthropic's export-ban shutdown, and is preparing a dual stock listing to capitalize on China's AI boom.
Big Tech Launches $500 Million RAISE US Initiative to Retrain Workers for the AI Era
OpenAI, Anthropic, Microsoft, and Amazon are backing RAISE US, a $500 million bipartisan nonprofit to prepare American workers for AI-driven job disruption.
OpenAI Leans Toward a 2027 IPO as CFO Sarah Friar Warns the Company Isn't Ready for Public Markets
Despite a confidential SEC filing on June 8, OpenAI is leaning toward 2027 over a late-2026 listing as CFO Sarah Friar warns the company is not yet ready for public markets.
Anthropic's Claude Gains Ground on ChatGPT Among Paying Consumers
Anthropic's Claude is winning over paid consumers in a market long dominated by ChatGPT, as OpenAI's market share dips below 50% and Claude earns more revenue per user than its rival.
Google Delays Gemini 3.5 Pro to July as AI Talent Exodus Accelerates
Google postponed its Gemini 3.5 Pro launch from June to July 2026 as five top AI researchers departed in a single week and Alphabet stock tumbled on mounting competitive pressure from Anthropic and OpenAI.
SK Hynix Targets $29 Billion US Listing to Fuel the AI Memory Boom
South Korean memory-chip giant SK Hynix has filed for an estimated $29 billion Nasdaq ADR listing as demand for high-bandwidth memory used in AI chips surges.
Google's Search Dominance Shows Cracks as ChatGPT and Bing Gain Ground in the AI Era
DuckDuckGo installs surge, Bing tops 1 billion users, and Google search traffic dips as chatbots reshape how people find information, CNBC reports.
Baseten Raises $1.5 Billion at a $13 Billion Valuation as the AI Inference Gold Rush Intensifies
AI inference platform Baseten closed a $1.5 billion Series F at a $13 billion valuation, with Australia's Blackbird making a record bet on the inference market.
Oracle Cuts 21,000 Jobs and Takes $1.8 Billion Restructuring Charge as AI Overhaul Accelerates
Oracle's workforce shrank by roughly 21,000 employees in fiscal 2026 as the company cited AI adoption in a $1.8 billion restructuring, part of a broader wave of AI-driven tech layoffs.
IBM Joins OpenAI's Daybreak Cyber Partner Program to Bring Frontier AI to Enterprise Security
IBM has joined OpenAI's Daybreak Cyber Partner Program, launching a managed application security service that uses OpenAI's models to hunt and validate software vulnerabilities at machine speed.
SpaceX Signs $6.3 Billion Compute Deal With Open-Source AI Startup Reflection
SpaceX has signed a computing power deal worth up to $6.3 billion with open-source AI lab Reflection AI, further cementing its role as an AI infrastructure backbone.
Nobel Laureate John Jumper Leaves Google DeepMind for Anthropic
AlphaFold co-creator and 2024 Nobel chemistry laureate John Jumper is leaving Google DeepMind after nine years to join Anthropic, deepening the AI talent war.
Samsung Deploys ChatGPT Enterprise and Codex to Its Global Workforce in Major OpenAI Deal
Samsung Electronics is rolling out ChatGPT Enterprise and Codex to employees in South Korea and its global Device eXperience division in one of OpenAI's largest enterprise deployments.
'We Created a Monster': Companies Rein In AI Usage as Cloud Costs Strain Budgets
From Amazon and Walmart to Uber, companies are curbing employee AI use as runaway token spending strains budgets, forcing a shift from AI enthusiasm to cost discipline.
Secretive Trading Giant Jane Street Goes All-In on AI With Own Data Center and $20B Portfolio
Quant trading firm Jane Street is seizing the AI spotlight, building a self-financed data center, signing a $6B CoreWeave deal, and growing its private portfolio to $20B.
AI Pioneer Yann LeCun Calls Elon Musk's xAI a Failure, Warns of AI Bubble
Yann LeCun, founder of AMI Labs and former Meta AI chief, called Elon Musk's xAI a failure and warned AI labs risk a big bubble explosion without cost cuts.
Anthropic Pledges $150 Million for Claude Corps, Placing 1,000 AI Fellows at Nonprofits
Anthropic's Claude Corps will pay 1,000 fellows $85,000 a year to build AI capacity at 400-plus nonprofits, backed by a $150 million commitment.
Leaked Audited Financials Show OpenAI's Operating Losses Swelled to $20.9 Billion in 2025
Leaked audited financial statements reveal OpenAI's revenue tripled to $13 billion in 2025, but operating losses topped $20 billion as R&D and compute costs exploded ahead of its IPO.
Transformer Co-Author Noam Shazeer Leaves Google for OpenAI in Year's Biggest AI Talent Move
Attention Is All You Need co-author and Gemini co-lead Noam Shazeer is joining IPO-bound OpenAI, in what observers call the biggest AI talent move of the year.
Amazon Drops Luca Guadagnino's Sam Altman Film 'Artificial' After OpenAI Deal
Amazon MGM Studios has shelved Luca Guadagnino's nearly completed Sam Altman film 'Artificial' after signing a reported $50 billion OpenAI partnership.
OpenAI Hires Trump AI Adviser Dean Ball to Lead New Strategic Futures Team Ahead of IPO
OpenAI hires Dean Ball, lead author of the Trump administration's AI Action Plan, to lead a new Strategic Futures team ahead of its IPO.
Model Routing Emerges as Cost-Saving Fix for Enterprise AI — and a Threat to OpenAI and Anthropic
Companies are using model routing to dynamically switch between AI models based on task complexity, cutting costs dramatically but pressuring revenue at major AI providers.