BofA extends $520M loan to OpenAI ahead of IPO
Bank of America extended a $520 million credit line to OpenAI, reversing an earlier rejection, as the AI company prepares for a potential IPO that could value it at nearly $1 trillion. The loan positi…
Amazon is a multinational technology company whose AWS cloud platform provides AI infrastructure (SageMaker, Bedrock) and hosts third-party LLMs. Amazon also develops Alexa and the Titan model family.
Bank of America extended a $520 million credit line to OpenAI, reversing an earlier rejection, as the AI company prepares for a potential IPO that could value it at nearly $1 trillion. The loan positi…
Anthropic is leasing a 466,000-square-foot building in Manhattan, planning to double its New York City workforce to 1,000 employees by 2026. The AI company, which raised $95 billion in recent funding …
SpaceXAI, in collaboration with Cursor, has launched a new AI model targeting finance, legal, and coding tasks, challenging Anthropic and OpenAI. The model follows SpaceX's $60 billion acquisition of …
OpenAI launched GPT-Live on July 8, a full-duplex voice model that lets ChatGPT listen and speak simultaneously, enabling more natural conversations. The model can delegate complex tasks to GPT-5.5 in…
Adobe, Amazon, and Atlassian are instructing employees to reduce their use of artificial intelligence tools, reversing earlier pushes to adopt AI. The companies cite concerns about job displacement an…
Career expert Keith Spencer warns that companies replacing workers with AI risk losing experienced employees, institutional knowledge, and trust. He argues employers should frame AI as a tool to trans…
Big Tech companies including Nvidia, Amazon, and Alphabet have sold bonds worth $25 billion or more to fund AI infrastructure expansion, marking a record level of debt for AI capabilities and data cen…
The U.S. government's June 2026 export restrictions on Anthropic's frontier AI models backfired, driving allies toward Chinese open-source alternatives and undermining the strategic goal of promoting …
Mentions of AI disruption on earnings calls surged 310% to a record 780 in the first half of 2026, according to Deutsche Bank. Major tech companies including Block, Oracle, Amazon, Coinbase, Cloudflar…
A new workflow combines Semrush, Google Search Console, Google Analytics, and Claude to help SEO professionals prioritize content opportunities by identifying topics competitors rank for that their ow…
Northwestern Mutual Wealth Management chief portfolio manager Matt Stucky said AI spending is becoming more sensitive to capital market conditions, commenting on spending intentions for 2027. The rema…
Amazon's Moonraker project aims to transform Alexa into an AI agent capable of handling complex, multistep tasks, with projected GPU costs exceeding $100 million in 2026. The initiative uses hundreds …
DeepSeek is designing its own AI inference chip, targeting the phase where trained models generate responses, with manufacturing partner SMIC under US export controls. The chip leverages DeepSeek's Mi…
China warned of security risks in Anthropic's Claude Code AI tool, citing potential back-door vulnerabilities after a state-sponsored threat actor used the tool to automate a cyberespionage campaign. …
UK government bonds have outperformed the Magnificent 7 tech stocks in the first half of 2026, with the average stock price of the group rising just 1.7% compared to gilts' gains. The slowdown marks a…
Anthropic suspended access to its Fable 5 and Mythos 5 models on June 12 after the US government applied export controls, and Alibaba banned all Anthropic products effective July 10, designating its o…
Amazon is developing a secret project codenamed Moonraker to give Alexa agentic capabilities, allowing it to handle complex multistep tasks like booking rides and messaging friends. Internal documents…
AI has transformed software engineering hiring, with companies like Dropbox and Cisco now requiring AI skills and allowing candidates to use AI during interviews. Recent graduate Le'ale Addison noted …
Amazon is developing Moonraker, an Alexa+ project designed to handle multi-step voice-agent tasks from a single prompt, such as booking a ride and texting a friend. Internal documents reveal Moonraker…
OpenAI, Amazon, and SpaceX are all denying rumors that they are building smartphones, but the denials sound misleading as the tech industry increasingly needs to control its own hardware destiny. Appl…