Goldman Sachs estimates 7.6 trillion dollars in cumulative AI capital spending between 2026 and 2031, broken down as roughly 5.1 trillion in chips, 2.15 trillion in data centers, and 358 billion in power. The firm calls these baseline estimates highly sensitive to assumptions and separately acknowledged that fear of missing out is currently a stronger…
The Department of Health and Human Services launched AERO, deploying ChatGPT and other AI tools to scan five years of Medicaid audit reports from all 50 states, targeting an estimated 100 to 200 billion dollars in annual waste and fraud. States flagged by the AI face consequences ranging from payment holds to permanent exclusion from…
OpenAI shut down Sora in March 2026 after the AI video app burned an estimated 15 million dollars per day in compute costs against 2.1 million dollars in total lifetime revenue. A 1 billion dollar Disney partnership that would have brought Marvel and Star Wars characters to the platform collapsed along with it.
Anthropic filed confidentially for an IPO on June 1, 2026, at a valuation approaching 965 billion dollars following a 65 billion dollar Series H raise. The filing puts Anthropic on a collision course with OpenAI and SpaceX in what is shaping up to be the most consequential technology IPO season in history.
Claude Fable 5 was jailbroken within 72 hours of launch despite Anthropic’s claims of surviving over a thousand hours of red-teaming. The hacker Pliny the Liberator published the model’s full 120,000-character system prompt on GitHub, while a second controversy erupted over a hidden feature that silently produced buggy code for users suspected of training competing…
Apple rebuilt Siri on a custom 1.2 trillion parameter Google Gemini model, paying roughly one billion dollars a year for the license. The new Siri AI launches with iOS 27 but will not be available in Europe or China, with the EU Commission publicly saying the block is Apple’s own choice, not a legal requirement.
Amazon CEO Andy Jassy reportedly raised concerns about Anthropic’s Claude Mythos model with U.S. government officials before the government ordered Anthropic to shut down its two most powerful AI models worldwide.
SpaceX priced at $135 per share and raised $75 billion in the largest IPO in history, with the stock jumping 19% on day one to close at $160.95 and pushing Elon Musk’s net worth past one trillion dollars.
Google DeepMind published a 60-page report titled ‘From AGI to ASI’ mapping four pathways from human-level AI to superintelligence: scaling, new algorithms, recursive self-improvement, and collectives of cooperating AI agents.
Jeff Bezos’s physical AI startup Prometheus raised $12 billion at a $41 billion valuation, backed by JPMorgan, Goldman Sachs, and BlackRock, to build an ‘artificial general engineer’ capable of fully automating complex engineering and drug design work.