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

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

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

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

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.

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

Anthropic, the company behind the Claude AI assistant, is reportedly considering one of the largest private funding rounds in technology history. The AI startup has received several preemptive offers to raise around $40 billion to $50 billion at a valuation between $850 billion and $900 billion. If completed, the deal would more than double Anthropic’s previous valuation of $380 billion from February and could place it at or above OpenAI’s recent private market valuation. Inv

Big Tech has started telling a very specific story about layoffs: artificial intelligence is making companies leaner, faster, and less dependent on human labour. In recent months, firms including Amazon, Meta, Pinterest, and Atlassian have linked job cuts to AI driven productivity gains, while executives such as Mark Zuckerberg have framed 2026 as a turning point for how work will fundamentally change. The message is simple and powerful. AI is no longer just a tool for experi

Manus was once one of the most talked about AI startups in China, celebrated for building general purpose AI agents that could act like digital employees and handle tasks such as research, automation, travel planning, stock analysis, and even job candidate screening with minimal prompting. Its rapid rise made it a symbol of China’s growing AI ambitions, but the company’s latest chapter shows just how politically charged the global AI race has become. What began as a startup s

Artificial intelligence may be approaching a turning point far sooner than many businesses, investors, and governments expect. According to recent research highlighted by Morgan Stanley, the first half of 2026 could bring a dramatic leap in AI capabilities that reshapes entire industries. The investment bank warns that rapid advances in computing power and model training are pushing large language models toward a new level of performance, potentially triggering a wave of econ

Yann LeCun’s new startup, AMI Labs, has quickly become one of the most closely watched AI ventures of 2026 after raising an enormous $1.03 billion seed round at a $3.5 billion pre-money valuation. Based in Paris, the company, whose full name is Advanced Machine Intelligence, is pursuing a very different direction from the large language model boom that has defined much of the current AI industry. Rather than concentrating on systems trained mainly on text, AMI Labs wants to b

Finland’s emerging AI startup NestAI has captured significant attention after securing €100 million (about $115 million) in new funding and unveiling a strategic partnership with Nokia to advance artificial intelligence for defense and autonomous systems. The round, led by Finland’s sovereign wealth fund Tesi alongside Nokia, signals a major vote of confidence in the company’s mission to build AI technologies that can be deployed in unmanned vehicles, autonomous operations, a

Brookfield Asset Management has unveiled a sweeping US$100-billion artificial intelligence infrastructure program that signals just how aggressively global investors are moving to support the next generation of AI technologies. Announced on Wednesday, the initiative is being launched in partnership with Nvidia and the Kuwait Investment Authority, bringing together one of the world’s leading investment managers, a dominant AI chipmaker, and a major sovereign wealth fund to acc

SoftBank Group Corp. has once again made headlines with its decision to sell its entire stake in Nvidia Corp. for $5.83 billion, a move aimed at fueling its growing investments in artificial intelligence. The sale, though surprising to some investors, reflects founder Masayoshi Son’s ambition to position SoftBank as a dominant player in the expanding AI ecosystem (Bloomberg; Wall Street Journal). Son’s vision extends beyond software and into large-scale infrastructure, from S

Snap Inc. has announced a groundbreaking $400 million partnership with Perplexity, the AI startup behind a popular conversational answer engine. The agreement, revealed alongside Snap’s Q3 2025 earnings, will integrate Perplexity’s AI directly into Snapchat, giving its massive user base a new way to access real-time, research-oriented answers without ever leaving the app (TechCrunch). Under the terms of the deal, Perplexity will pay Snap $400 million in cash and equity over

OpenAI is urging the United States government to dramatically expand its electricity generation, warning that without a massive increase in power supply, America risks losing its lead in artificial intelligence to China. In a letter to the White House Office of Science and Technology Policy, the company called for the construction of 100 gigawatts of new energy capacity each year, nearly double the total that the U.S. added in 2024, to meet the growing demands of AI infrastru

Yahoo co-founder Jerry Yang and SoftBank CEO Masayoshi Son are two visionary leaders whose influence continues to shape the technology...

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