Business - News Articles

Google DeepMind Gets New SVP as Tech Giant Races to Close AI Gap with OpenAI and Anthropic

Aug 12, 2026

CNBC

Google DeepMind appoints Koray Kavukcuoglu as SVP to lead Gemini development as the tech giant races to close a growing AI performance gap with OpenAI and Anthropic, signaling a major strategic push toward faster model releases and product-focused execution.

Foundation Models Business

Databricks Acquires Electric to Bring Full Postgres Database Power to Phones, Browsers, and AI Agents

Aug 12, 2026

The Deep View

Databricks acquires Electric, the company behind PGlite, bringing full Postgres database power to phones, browsers, and AI agents via WebAssembly, enabling faster AI-assisted development on low-powered devices while syncing locally-run databases to enterprise cloud systems.

Coding & Developer Tools Business Data & Analytics Agents

Google's Gemini Hits 1 Billion Users But Faces Internal Turmoil Amid Competitive Pressure

Aug 11, 2026

Ars Technica

Google's Gemini AI reaches 1 billion monthly active users, becoming the fastest-growing product in company history, but faces mounting internal pressure as key researchers depart, model releases are delayed, and coding performance continues to trail rivals OpenAI and Anthropic.

Foundation Models Business Labor & Jobs

OpenAI Acquires Presentation Startup NextSlide, Bringing AI-Powered Slide Creation to ChatGPT

Aug 11, 2026

TechCrunch

OpenAI acquires presentation startup NextSlide, bringing AI-powered slide creation directly into ChatGPT, allowing users to instantly transform prompts, notes, and documents into polished, editable presentations.

Consumer Products Business

OpenAI Launches Two-Tier AI Cyber Defense Service as AI-Driven Attacks Surge

Aug 11, 2026

TechCrunch

OpenAI launches a two-tier AI cyber defense service called Daybreak, featuring a specialized GPT-5.6 Cyber model for security testing, even as critics question whether AI labs are profiting from the very cyber threats their technology helps create.

Security Foundation Models Business

Microsoft Unveils Maia 300 AI Chip in Bold Move to Break Free from Nvidia Dominance

Aug 11, 2026

Inside AI

Microsoft is unveiling its next-generation Maia 300 AI chip as early as September, with over 300,000 units ordered from TSMC for 2027 delivery, as the tech giant makes a bold push to reduce its dependence on Nvidia's GPUs for Azure cloud AI workloads — and is already courting Anthropic as an early adopter.

Hardware Cloud Computing Business

OpenAI Completes $7B Employee Buyback at $852B Valuation as IPO Plans Remain Uncertain

Aug 11, 2026

TechCrunch

OpenAI completes a $7 billion employee share buyback at a staggering $852 billion valuation, signaling a potential IPO delay as the company races to strengthen its enterprise business amid competition from a newly profitable Anthropic.

Funding Business

Anthropic Builds Custom AI Chip Team to Boost Claude Performance Amid Surging Demand

Aug 06, 2026

TechCrunch

Anthropic is building a custom AI chip design team to co-design hardware and models, as surging demand for Claude outpaces existing infrastructure partnerships with AWS, Google, Nvidia, and AMD, with Samsung being scouted as a potential manufacturing partner.

Hardware Foundation Models Business

DeepSeek Warns of Upcoming API Price Hikes With No Details Yet Released

Aug 06, 2026

TechNode

DeepSeek warns developers that significant API price hikes are coming, though the company has yet to reveal new rates or an effective date, leaving users on notice that costs will soon rise substantially.

Coding & Developer Tools Foundation Models Business

Google DeepMind Shakes Up Leadership as Company Struggles to Keep Pace With OpenAI and Anthropic

Aug 06, 2026

The Deep View

Google DeepMind shakes up its leadership structure, elevating Koray Kavukcuoglu to SVP and shifting Demis Hassabis to chairman, as the tech giant scrambles to close a widening gap with OpenAI and Anthropic in the AI race.

Business Foundation Models Coding & Developer Tools