Business - News Articles

OpenAI, Meta, and SpaceX Race to Release Cheaper AI Models as Cost Efficiency Becomes the New Battleground

Jul 14, 2026

Bloomberg.com

OpenAI, Meta, and SpaceX are locked in a fierce race to release cheaper, more cost-efficient AI models, with OpenAI's new GPT-5.6 leading the charge by processing tasks with significantly fewer tokens, signaling a major industry shift where affordability now rivals raw performance as the ultimate competitive edge.

Foundation Models Business

Federal Judge Warns Elon Musk and OpenAI to Stop Social Media Attacks as Trial Begins

Jul 14, 2026

Bloomberg.com

A federal judge is warning Elon Musk and OpenAI to stop their social media attacks on each other as their high-profile legal battle heads into opening statements, with US District Judge Yvonne Gonzalez Rogers demanding both sides 'control your propensity to use social media to make things worse outside this courtroom.'

Legal Business

Greg Brockman Takes Full Control of OpenAI Products as Company Battles Competition and Eyes IPO

Jul 13, 2026

CNBC

Greg Brockman seizes full control of OpenAI's products and enterprise teams after Fidji Simo's departure, now facing intense pressure to defend the company's $852 billion valuation, reverse ChatGPT's declining market share, and deliver a successful IPO amid fierce competition from Anthropic, Google, and xAI.

Business Funding Labor & Jobs

OpenAI Shakes Up Safety Leadership, Integrates Teams Deeper Into AI Development

Jul 13, 2026

Engadget

OpenAI is restructuring its safety leadership, with Johannes Heidecke departing and safety teams now reporting directly to new VP Mia Glaese, as the company pushes to embed safety work earlier and deeper into its frontier AI development process.

AI Safety Business

Tencent Moves to Become Largest Shareholder in AI Startup Manus at $2B Valuation After Regulators Block Meta Deal

Jul 13, 2026

Bloomberg.com

Tencent is in talks to become the largest external shareholder in agentic AI startup Manus at a $2 billion valuation, moving aggressively into the AI race after Chinese regulators blocked Meta's acquisition of the company.

Funding Agents Geopolitics Business

Anthropic Extends Claude Fable 5 Access and Boosts Code Limits Through July 19 Amid OpenAI Competition

Jul 13, 2026

The Economic Times

Anthropic extends Claude Fable 5 access and boosts Claude Code rate limits by 50% through July 19 for all paid subscribers, as the company battles OpenAI competition following Fable 5's rocky launch, which saw a 19-day U.S. government suspension before access was restored July 1.

Foundation Models Coding & Developer Tools Business

OpenAI's GPT-5.6 Powers Microsoft 365 Copilot, Bringing Advanced AI to Word, Excel, and PowerPoint

Jul 13, 2026

OpenAI

OpenAI's new GPT-5.6 model is now powering Microsoft 365 Copilot, bringing cutting-edge AI capabilities to Word, Excel, and PowerPoint, enabling users to draft documents, analyze data, and build presentations faster and more efficiently than ever before.

Enterprise Foundation Models Business

Hugging Face CEO Warns Big Tech Could Monopolize AI As Open Source Adoption Surges Among Fortune 500

Jul 10, 2026

TechCrunch

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.

Open Source Enterprise Geopolitics Business

Mercor Eyes $20 Billion Valuation as Revenue Doubles and Acquisition Signals Rebound After Turbulent Start to 2026

Jul 10, 2026

TechCrunch

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 breach and contractor lawsuits.

Funding Labor & Jobs Security Business

Musk Praises Anthropic as 'AI Leader' While SpaceX Hosts Rival's $40B Infrastructure Deal

Jul 10, 2026

TechCrunch

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.

Data Centers Business Funding