OpenAI has taken a major step toward Wall Street by confidentially filing for an initial public offering with the U.S. Securities and Exchange Commission. The move could lead to one of the largest public listings in market history, with the ChatGPT maker reportedly valued at more than $850 billion. Although OpenAI has not confirmed when it plans to go public, the confidential filing allows regulators to review its financial disclosures before they are eventually made public t

Jeff Bezos’ new AI startup, Prometheus, is quickly becoming one of the biggest names in the artificial intelligence industry. The company, co-founded by Bezos and scientist-entrepreneur Vik Bajaj, has raised $12 billion in Series B funding at a $41 billion valuation. This new round brings Prometheus’ total funding to more than $18 billion in less than a year, making it one of the most heavily funded AI startups in the world. Investors in the round include JPMorgan Chase, Gold

The European Union has ordered Meta to restore free access to WhatsApp for rival artificial intelligence chatbot providers, escalating a high-profile antitrust dispute that could shape the future of AI competition across Europe. The decision comes as EU regulators continue investigating whether Meta abused its market power by restricting competitors' access to WhatsApp while favoring its own AI services. The European Commission, the European Union’s top competition authority,

Amazon is making a major push into AI-powered retail with a new feature that allows customers to design custom merchandise simply by describing an idea. Integrated into Alexa for Shopping, the tool uses generative artificial intelligence to transform text prompts into unique designs that can be printed on products such as T-shirts, hoodies, tumblers, and water bottles. By combining AI-generated artwork with its existing print-on-demand infrastructure, Amazon is making persona

The rise of artificial intelligence has sparked a growing debate about whether the AI economy will create a permanent underclass of people left behind by automation. In Silicon Valley, the mood is both excited and anxious. Top AI engineers are receiving enormous compensation offers, startups are racing to become the next major winner, and some young workers believe success in the next few years could determine their entire economic future. Behind the optimism is a fear that A

Lovable is expanding its relationship with Google Cloud through a new multiyear agreement that could significantly accelerate its growth in enterprise AI. The Stockholm-based startup, known for its fast-growing vibe-coding platform, has already been a longtime Google Cloud customer. Under the expanded partnership, Lovable is expected to increase its Google Cloud footprint fivefold, including much higher usage of cloud and AI services. Although the companies did not disclose t

Concerns about the future of the artificial intelligence boom intensified this week after multiple reports revealed that OpenAI, the company that helped ignite the generative AI race with ChatGPT, has reportedly fallen short of its own ambitious growth and revenue expectations. The developments have sparked wider questions about whether the enormous spending pouring into AI infrastructure can continue at its current pace and whether OpenAI can maintain its leadership position

Impulse Space has raised $500 million in Series D funding, giving the fast-growing rocket engine and spacecraft startup new momentum in the race to make space transportation faster, more flexible, and more affordable. The company was founded in 2021 by Tom Mueller, the propulsion expert known as SpaceX’s first hire and a key figure behind the company’s rocket engine development. Since its founding, Impulse has now raised more than $1 billion, showing strong investor confidenc

Hasbro is bringing some of its most iconic characters into the artificial intelligence era with the launch of Sixth Wall, a new AI studio designed to create interactive, AI-powered versions of beloved franchises such as Transformers, G.I. Joe, Clue, Monopoly, and Mr. Potato Head. The initiative represents one of the most ambitious attempts yet by a major entertainment company to transform intellectual property into dynamic AI experiences while maintaining control over how its

Morgan Stanley is preparing to make one of Wall Street’s biggest moves into the AI agent era by opening parts of its wealth management infrastructure to external artificial intelligence agents. The firm will allow corporate clients’ AI tools to connect directly with its stock administration platforms, ShareWorks and Equity Edge, so they can pull data and insights without relying on traditional software interfaces built for human users. This marks one of the earliest examples

Nebius shares surged after a fund led by former OpenAI researcher Leopold Aschenbrenner disclosed a major stake in the AI cloud company, drawing fresh investor attention to one of the rising names in AI infrastructure. The fund, Situational Awareness, now owns about 12.4 million Class A shares in Nebius, representing roughly a 5 to 5.6 per cent stake. The disclosure pushed Nebius stock higher on Thursday, with shares rising around 7 to 9 per cent and reaching their highest le

Google’s latest push to transform Search into an AI-powered experience is creating a surprising side effect: more users are turning to DuckDuckGo in search of a simpler, more traditional way to browse the web. Following Google’s announcements at its 2026 I/O developer conference, the privacy-focused search engine reported a major spike in app installs and traffic, fueled largely by users frustrated with the growing presence of AI-generated answers in Google Search. At I/O 202

Luxury smartphone brand Vertu is trying to make a comeback in the AI era with the Alphafold, a premium foldable phone built for executives who want artificial intelligence tied directly into business workflows. Starting at $6,880, the device is aimed less at everyday smartphone buyers and more at CEOs, founders, and wealthy professionals who manage work on the move. Higher-end versions include materials such as alligator leather, 18K gold, and diamond accents, with the top st

Wix is facing one of the most difficult periods in its history as the company prepares to cut approximately 1,000 jobs, or around 20% of its workforce, following disappointing financial results and a dramatic decline in investor confidence. The layoffs, expected to be the largest in the company’s history, come as Wix struggles to adapt to a rapidly changing technology industry increasingly shaped by artificial intelligence. After years of growth as a website-building platform

Artificial intelligence has become one of the most powerful buzzwords in the modern business world, with companies across nearly every industry rushing to position themselves as part of the AI revolution. But as excitement around the technology continues to grow, so too does skepticism about how genuinely many businesses are using it. A growing number of communications professionals, journalists, and industry analysts are now warning about the rise of “AI washing,” a trend wh

Nvidia is once again showing how central it has become to the artificial intelligence boom. The company forecast second-quarter revenue of $91 billion, plus or minus 2 percent, beating Wall Street expectations of $86.84 billion. Alongside the strong outlook, Nvidia announced an $80 billion share buyback program and raised its quarterly cash dividend from 1 cent per share to 25 cents. Even with those major announcements, Nvidia’s shares slipped in extended trading, showing tha

TD Bank Group is taking a major step into the future of banking with the launch of its first agentic AI model, designed to transform how mortgage and Home Equity Line of Credit applications are reviewed. Announced on May 21, 2026, the new system marks a key milestone in TD’s larger enterprise-wide AI strategy. The bank says this technology will help automate and simplify parts of its Real Estate Secured Lending operations, beginning with the early review process before applic

SpaceX’s long-awaited IPO filing shows a company aiming to be much more than a rocket business. The company, founded by Elon Musk 24 years ago, is preparing to go public on the Nasdaq under the ticker “SPCX” in what could become the largest IPO ever. Reports suggest the offering could raise around $75 billion and value SpaceX at nearly $1.75 trillion to $2 trillion. For investors, the bet is not only on SpaceX’s current success with rockets and satellites, but also on Musk’s

President Donald Trump abruptly postponed a major artificial intelligence executive order on Thursday after intense pressure from Silicon Valley leaders who warned the proposal could slow innovation and weaken America’s competitive advantage against China. The move came just hours before a planned White House signing ceremony that would have included executives from some of the world’s largest AI companies, highlighting the growing influence of the tech industry over U.S. AI

Cisco is making a major shift toward artificial intelligence, even as it reports some of its strongest financial results in years. The networking technology giant announced that it is cutting nearly 4,000 jobs, representing less than 5% of its workforce, while also reporting record quarterly revenue and stronger-than-expected earnings. The move shows how major tech companies are increasingly restructuring around AI, even when their overall business performance remains strong.