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

Tech leaders are being warned about a growing problem in the artificial intelligence boom: “AI psychosis.” The phrase, used by Box CEO Aaron Levie, describes the way some executives become overly convinced that AI agents can quickly replace human work after seeing impressive demos or simple prototypes. Levie argues that CEOs are especially vulnerable because they are often far away from the “last mile” of real work, where AI outputs must be checked, corrected, integrated, and

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

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

A California jury has ruled in favor of OpenAI CEO Sam Altman in a closely watched legal battle brought by Elon Musk, ending one of the most dramatic courtroom clashes in the history of the artificial intelligence industry. The federal jury in Oakland found that Altman, OpenAI, company president Greg Brockman, and Microsoft were not liable for Musk’s claims that they had betrayed OpenAI’s original nonprofit mission for personal and commercial gain. After less than two hours o

Ian Crosby is returning to the accounting software world with a bold new startup called Synthetic, a company built around the idea of a fully autonomous AI bookkeeper. Crosby, who previously co-founded Bench Accounting in 2011 and later launched Teal in 2023, is now taking his third major attempt at improving business accounting. This time, his goal is even more ambitious: creating an AI system that can complete bookkeeping and generate accrual-based financial reports without

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

Marc Lore’s Wonder is pushing a bold idea for the future of food: using AI to let almost anyone create and launch a restaurant brand from a single prompt. Lore, the e-commerce entrepreneur known for Jet.com and his time leading Walmart U.S. eCommerce, recently described Wonder Create as a tool that could allow food entrepreneurs, influencers, trainers, nonprofits, entertainment brands, or even families to build a restaurant concept in under a minute. Instead of needing to ren

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

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

David Silver, a former head of reinforcement learning at Google DeepMind and professor at University College London, has secured a landmark $1.1 billion seed round for his new London-based AI startup, Ineffable Intelligence. The deal values the company at $5.1 billion and marks the largest seed round ever raised in Europe, underscoring the intensity of investor competition in the race toward advanced artificial intelligence. The round was co-led by Sequoia Capital and Lightsp

China has ordered the unwinding of Meta’s acquisition of the artificial intelligence startup Manus, a move that signals a sharper turn in Beijing’s approach to foreign investment in sensitive technologies and intensifies uncertainty for AI founders operating across borders. The decision, issued by China’s National Development and Reform Commission (NDRC), effectively prohibits foreign investment in Manus and instructs the parties involved to reverse the deal. Officials said t

Artificial intelligence is transforming nearly every industry, and venture capital may soon face disruption as well. For decades, venture capitalists have played a critical role in identifying promising startups, investing early, and helping founders grow their companies. Now, however, the same AI technologies that investors are funding may challenge the traditional venture capital model itself. As machine learning tools become capable of analyzing startup data, evaluating ma

MyFitnessPal has acquired Cal AI, the viral AI powered calorie tracking app built by teenage founders, marking one of the most notable consumer AI deals of the year. The acquisition follows months of pursuit and reflects a broader shift in health tech, where legacy platforms are increasingly buying fast growing AI native startups rather than attempting to rebuild their own systems from scratch (Bort; The Tech Buzz). Cal AI was founded by Zach Yadegari, now 19, who began build

OpenAI has begun the new year with another strategic acqui-hire, announcing that it will acquire the team behind Convogo, an AI-powered business software platform designed to support executive coaches, consultants, talent leaders, and HR teams. Convogo’s product focused on automating leadership assessments and streamlining feedback reports, helping professionals reduce administrative workload while improving the quality of insights delivered to clients. While the acquisitio

Voice AI startup Subtle has introduced a new pair of wireless earbuds designed to make voice a practical everyday interface, even in environments where speaking aloud has traditionally been unreliable or uncomfortable. Unveiled ahead of the Consumer Electronics Show in Las Vegas, the earbuds, called Voicebuds, aim to solve two persistent problems with voice technology: background noise and lack of privacy in shared spaces. By combining proprietary noise isolation models wit

Cashmere sweaters have become widely available at surprisingly low prices, offering consumers access to a fiber prized for its softness, warmth, and lightweight feel. But behind these bargains is a growing sustainability problem. Cashmere comes from the fine undercoat of specific goat breeds, and each goat typically produces only four to six ounces of usable fiber per year through two shearings. As demand has surged and prices have fallen, herders have been pressured to she

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

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