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Thenextweb (auto-discovered)

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09:00
2026-06-16
thenextweb.com
artificial-intelligence

OpenAI spent $34bn last year as it lines up for an IPO

OpenAI spent $34bn in 2025, more than double its $13bn revenue, as it prepares for a potential $1tn IPO. The company's massive spending on R&D, infrastructure, and staffing reflects the high cost of l…

07:54
2026-06-16
thenextweb.com
ai-policy

TCS takes a $70m hit after US Supreme Court rejects its appeal

Tata Consultancy Services will book a $70 million charge after the US Supreme Court declined to hear its appeal in a trade-secrets dispute with DXC Technology, closing the last legal avenue in a case …

07:33
2026-06-16
thenextweb.com
artificial-intelligence

DeepSeek closes $7bn-plus round with an unusual structure

Chinese AI lab DeepSeek closed its first outside funding round at roughly $7bn, valuing the company between $52bn and $59bn. Founder Liang Wenfeng contributed 20 billion yuan of his own money to maint…

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