Sam Altman offered every startup in the current Y Combinator batch million in OpenAI tokens for equity, locking 169 companies into OpenAI infrastructure in a single announcement.
Andrej Karpathy, OpenAI co-founder and former Tesla AI director, announced he is joining Anthropic to work on Claude’s pre-training research, the biggest talent move in the AI industry this year.
Isomorphic Labs, the drug discovery company spun out of Google DeepMind, has secured $2.1 billion in funding to scale its AI-powered drug design platform. The company builds on the AlphaFold protein structure prediction breakthrough and applies it to the full pipeline of drug discovery, from identifying viable molecular targets to designing candidate compounds that can…
Intuit, the company behind TurboTax and QuickBooks, announced this week that it is eliminating approximately 3,000 jobs, representing 17 percent of its total workforce. The company is shutting down offices in Reno and Woodland Hills. Employees in the United States stay on the payroll through July 31 and receive 16 weeks of severance plus additional…
Google came to its annual I/O developer conference this week with a message it has never had to send before: we are cheaper now. The company has cut its top-tier AI Ultra subscription from $250 per month down to $100, a 60 percent price reduction, while simultaneously introducing a new $200 mid-tier option. This is…
Meta started notifying roughly 8,000 employees Wednesday that they no longer have jobs. An additional 6,000 open positions have been cancelled, bringing the effective headcount reduction to 14,000. The company says more cuts are coming in the second half of the year. At the same time, Meta just reported quarterly revenue of $56.31 billion, a…
Anthropic just crossed a threshold that a lot of smart people said would take years longer than it did. The company is projecting $10.9 billion in revenue for the second quarter of 2026, up 130 percent from the $4.8 billion it posted in the first quarter. That is not a typo. And alongside that explosion…
The SpaceX IPO filing dropped and buried inside it was one of the most revealing numbers in the AI industry this year. Anthropic, the company founded by former OpenAI researchers who left over safety concerns, is paying SpaceX — Elon Musk’s rocket company — $1.25 billion every single month for access to xAI’s Colossus GPU…
OpenAI is moving toward the stock market at a pace that should alarm every competitor still privately held. The company is preparing to confidentially file its IPO prospectus with the Securities and Exchange Commission as early as this Friday, according to people familiar with the matter. Goldman Sachs and Morgan Stanley are running point on…
The EU Council and Parliament agreed May 7 to delay high-risk AI compliance by up to 16 months. The August 2 deadline was imminent but the technical standards needed to comply had not yet been written.