Sriram Krishnan, a senior White House policy adviser on artificial intelligence, is leaving his role at the end of June, marking a notable change in the Trump administration’s AI policy team. Krishnan announced his departure in a post on X, calling the opportunity to serve “the privilege of a lifetime.” He thanked President Donald Trump and said the administration’s leadership helped position the United States at the front of the global AI race. He did not give a specific rea

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

Companies are investing heavily in artificial intelligence with the expectation that it will unlock major productivity gains, especially in software engineering. AI coding tools can now help developers produce more code faster than ever, with some workers saying tasks that once took a week can now be completed in a day. Tools like Claude Code have made individual coding work quicker, but the larger business results are still less clear. More code does not automatically mean b

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

Canada has launched AI for All, a new national artificial intelligence strategy aimed at making the country more competitive, more secure, and better prepared for the rapid growth of AI. Prime Minister Mark Carney unveiled the plan in Toronto, saying the main question is not whether AI will transform society, but whether it will improve life for all Canadians or only benefit a few. The strategy focuses on safety, reliability, opportunity, and Canadian sovereignty as AI become

As artificial intelligence continues to reshape the business world, a new concern is emerging alongside the excitement surrounding the technology: cost. For the past few years, companies have focused heavily on increasing AI adoption, encouraging employees to use AI tools, and investing billions of dollars into developing more powerful models. Now, however, many organizations are beginning to realize that widespread AI use comes with significant expenses, particularly as toke

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

Hundreds of people marched through Vancouver over the weekend to protest Telus’s planned AI data centres, raising major concerns about water use, energy demand, land use, and the rapid growth of artificial intelligence infrastructure. The protest began at Waterfront Station, moved through downtown Vancouver, crossed toward Granville Island, and ended at Vancouver City Hall, where speakers addressed the crowd. The group behind the demonstration, No AI Data Centres in Vancouver

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

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

Anthropic’s acquisition of Stainless marks another important step in the growing competition around AI developer tools and agent connectivity. As AI moves beyond simple chatbots and into agents that can complete tasks, connect to business systems, and interact with outside software, the tools that help developers build those connections are becoming more valuable. Stainless, founded in 2022 by former Stripe engineer Alex Rattray, specializes in generating software development

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.

Qualcomm’s stock took a sharp hit as the semiconductor sector pulled back from a powerful artificial intelligence-driven rally. Shares of Qualcomm dropped more than 11%, marking the company’s worst trading session since 2020. The decline came as investors moved away from riskier growth stocks after a hotter-than-expected inflation reading raised concerns about interest rates and market valuations. The selloff also affected several other chip companies, with Intel falling 7%,

Datadog’s latest earnings report has sent a strong message across Wall Street: the artificial intelligence boom is creating clear winners in the software industry, especially among companies that support the infrastructure behind AI systems. The cloud monitoring company saw its stock surge more than 30% after reporting stronger-than-expected results and raising its guidance for the year. The jump marked one of Datadog’s biggest single-day gains since going public and showed i

SoftBank has injected $457 million into Graphcore, the British AI chip company it acquired in 2024, as the Japanese investment giant continues expanding its role in artificial intelligence infrastructure and hardware. The funding was confirmed by Graphcore after a Companies House filing showed the company issued a single share valued at $457 million on April 10. The investment is part of SoftBank’s larger push to build the technology needed for the next generation of AI syste

Billionaire hedge fund manager Paul Tudor Jones believes the artificial intelligence-driven bull market still has more room to grow, even as he warns that the eventual ending could bring a sharp correction. Speaking on CNBC, Jones said the current AI boom reminds him of earlier technology revolutions, including Microsoft’s early rise in the 1980s, the launch of Apple II, and the commercial internet wave of the mid-1990s. In his view, AI is still in the early stages of a major

Nvidia CEO Jensen Huang is pushing back against growing fears that artificial intelligence will destroy jobs, arguing instead that AI is creating a large new wave of work. Speaking at a Milken Institute event with MSNBC’s Becky Quick, Huang said AI should be seen as a job creator and a major opportunity for the United States to rebuild its industrial strength. His comments come at a time when many workers, especially younger and entry-level employees, are worried about how qu

As artificial intelligence becomes deeply embedded in modern economies, governments and businesses alike are confronting a growing challenge: how to balance innovation with control. Across the United Kingdom and Europe, concerns over dependence on foreign AI providers—particularly those based in the United States—are accelerating efforts to establish what is increasingly referred to as “digital sovereignty.” Recent developments, ranging from corporate contingency planning to