OpenAI CEO Sam Altman said the company made 'many changes' during talks with the Trump administration before releasing its newest AI models to the public. The GPT-5.6 family was initially limited to s…
China is allowing select AI companies including Alibaba, ByteDance, and DeepSeek to buy Nvidia's H200 chips after a year-long ban, as a stopgap to ease training bottlenecks while domestic chipmakers l…
Mercor, an AI data startup founded by three college dropouts, reached $2 billion in annualized revenue in June 2025, doubling from $1 billion four months earlier. The company pays doctors, lawyers, an…
Ollama raised $65 million in Series B funding led by Theory Ventures, bringing its total funding to $88 million, as the open-source AI infrastructure company reported nearly 8.9 million monthly develo…
Anthropic released the Model Context Protocol (MCP) in November 2024 as an open standard that lets AI models connect to external tools and data without custom integrations. By early 2025, OpenAI and G…
Wharton professor Eric Bradlow said companies still don't know how to incorporate AI in a holistic way, citing organizational change and the need for humans in the loop as the biggest bottleneck. He a…
Starbucks is developing in-house AI tools to replace software from Microsoft and IBM, aiming to cut costs as part of a $2 billion savings plan. The coffee chain is building alternatives to Microsoft's…
AI unicorn Mercor, led by 23-year-old billionaire Brendan Foody, acquired Deeptune, an Andreessen Horowitz-backed startup that builds simulation environments for AI agents. Foody had invested in Deept…
Salesforce is promoting Anthropic's Claude Tag inside Slack, a product that competes with its own Slackbot and Agentforce, because Salesforce's equity stake in Anthropic is worth roughly $5 billion, f…
Billionaire Ken Griffin told Goldman Sachs that most corporate claims about AI are actually about machine learning or digitization, not true artificial intelligence. He warned that conflating these te…
Christina Qi, former hedge fund manager of Domeyard LP, raised $97 million in Series B funding for her market data startup Databento, which aims to rival Bloomberg by offering cheaper, usage-based fin…
Bank of America extended a $520 million credit line to OpenAI in recent weeks, marking its first loan to the company after months of refusal. The move signals the bank's interest in securing an adviso…
IBM's AI powers Wimbledon's digital transformation, processing 2.7 million data points from a hidden tech hub called 'Court 19' to deliver real-time stats to 730 million fans. The partnership, extende…
Man Group, the world's largest listed hedge fund manager, is aggressively integrating large language models into its trading operations, including a partnership with Anthropic to deploy Claude across …
ChangXin Memory Technologies (CXMT) is raising $4.3 billion in its Shanghai STAR Market IPO, the largest A-share listing in China this year, driven by surging AI memory demand that boosted its first-q…
Microsoft President Brad Smith criticized the Trump administration's AI policy as lacking transparency and clear rules, saying businesses cannot plan without them. He spoke after the Commerce Departme…
Zhipu, the Beijing-based AI company behind the GLM large language models, raised $4 billion in a Hong Kong share placement on July 8, 2026, at a 13% discount to its previous close, just six months aft…
Singapore virtual telcos Circles.Life and giga! are bundling unlimited access to premium AI chatbots into mobile plans starting at $8 and $13.90 per month, undercutting standalone AI subscriptions lik…
China's National Vulnerability Database ordered developers to remove Anthropic's Claude Code tool, citing a hidden tracking mechanism that sends user data to remote servers. Anthropic confirmed the co…
Bank of America reversed its earlier decision and extended OpenAI a $520 million credit line, its first loan to the company, weeks before OpenAI is expected to pursue a US listing. The reversal reflec…