Alibaba launches Wan3.0, a powerful AI video model generating 30-second clips from documents and web pages, as the tech giant raises a record $10B in shares to fuel AI expansion, reporting a 45% cloud revenue surge despite a 75% drop in quarterly net profit.
OpenAI slashes GPT-5.6 prices by over 20% across multiple model tiers, dropping its top model to $4 per million input tokens to undercut Anthropic and DeepSeek as enterprises pull back on frontier AI spending.
Hugging Face is exploring a sale at a staggering $13 billion valuation — nearly triple its 2023 worth — as the AI developer platform, home to over 3 million public models, works with a bank to gauge buyer interest amid surging demand for AI middleware acquisitions.
Anthropic hires Amir Salek, the pioneer behind Google's custom TPU chip program, to spearhead its own semiconductor development, signaling a major push toward building in-house AI hardware infrastructure for its Claude platform.
OpenAI launches an Apple Messages plugin for ChatGPT on Mac, letting users find, summarize, and send texts via AI — but Apple's upcoming iOS 27 threatens to overshadow it with a supercharged Siri capable of doing the same across all Apple devices.
Anthropic is gearing up for a potential mega-IPO that could rival SpaceX's record-setting offering, with CFO Krishna Rao leading investor briefings ahead of a planned public filing as early as August 2026, reflecting surging demand for AI investments.
Stripe reports explosive 41% revenue growth and acquires OpenRouter for $8B while pursuing a massive $53B PayPal deal, all as the payments giant keeps its IPO on indefinite hold and boldly declares January 1st the dawn of 'the singularity.'
Replit launches 'Free Mode' for Core and Pro subscribers, powered by OpenAI's GPT-5.6 Luna following an 80% price cut, letting users chat and run tasks without burning through their token budgets.
OpenAI is targeting a 2027 IPO as revenue surges 35% quarter to date and its valuation soars to $852 billion, with CFO Sara Friar calling the public debut a milestone rather than a finish line amid fierce competition from Anthropic.
Nvidia deploys a $500 billion war chest to dominate AI beyond chip sales, backing OpenAI's Ohio data center and partnering with Wall Street to finance AI infrastructure as CEO Jensen Huang positions the company as the financial backbone of the global AI buildout.