Hugging Face CEO Clem Delangue warns that Big Tech risks monopolizing AI as open source adoption surges, with nearly half the Fortune 500 now using the platform while enterprises increasingly ditch costly frontier AI APIs in favor of open source models.
AI training startup Mercor is in talks to raise funding at a $20 billion valuation after doubling revenue to a $2 billion annualized run rate in just four months, while acquiring AI agent training company Deeptune — signaling a strong rebound after a turbulent early 2026 marked by a data …
Elon Musk publicly praises Anthropic as 'currently the leader in AI' while SpaceX locks the rival company into a massive $40 billion infrastructure deal, raising eyebrows over potential conflicts of interest and whether hosting a competitor's operations gives Musk's company unusual visibility into Anthropic's AI development.
Meta is set to begin production of its custom AI chips in September, developed with Broadcom and manufactured by TSMC, as the tech giant moves to reduce its dependence on Nvidia GPUs while projecting up to $145 billion in capital expenditures this year.
Anthropic appoints Nobel Prize-winning former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust, a key independent governance body overseeing the AI company's direction as artificial intelligence continues to reshape the global economy.
OpenAI acquires Northslope, a Palantir-backed applied-AI firm, deploying hundreds of engineers directly inside client businesses to dominate enterprise AI implementation as competition shifts from model performance to real-world adoption.
Alibaba bans employees from using Anthropic's Claude tools starting July 10, switching to its own AI assistant Qoder, after Anthropic accuses the Chinese tech giant of conducting the largest known AI distillation attack, escalating tensions as Anthropic moves to cut off Chinese firms from accessing its models through third-country loopholes.
OpenAI acquires applied AI firm Northslope to expand its team of engineers who embed directly with enterprise clients, signaling a major industry shift where AI companies are now competing head-to-head with traditional consulting firms to help businesses adopt and scale AI.
Microsoft is ditching OpenAI and Anthropic AI models in favor of cheaper, in-house MAI models across products like Excel and Outlook, while simultaneously cutting 4,800 jobs and doubling down on AI expansion — a bold cost-cutting gamble that risks alienating enterprises demanding top-tier AI performance.
Microsoft is ditching OpenAI and Anthropic AI models in favor of its own proprietary MAI models inside Excel and Outlook, completing tens of thousands of prompts weekly as the tech giant slashes costs and bets big on in-house artificial intelligence.