Elon Musk merges xAI into SpaceX, dissolving it as an independent company and creating a new internal division called SpaceXAI to oversee X and Grok, deeply integrating AI across SpaceX's operations and connecting it to the company's $119 billion TERAFAB semiconductor fab and upcoming Starship V3.
Over 21,000 jobs were cut in April with AI cited as the cause for the second straight month, yet the White House denies any evidence of AI-driven job losses, while experts warn companies may be using AI as a cover story for pandemic-era overhiring mistakes — a deceptive trend dubbed 'AI washing.'
The White House insists AI is not eliminating jobs, even as Amazon, Meta, Oracle, and other tech giants lay off thousands of workers while explicitly citing AI-driven efficiency as the reason for leaner workforces.
OpenAI launches a $4 billion Deployment Company, acquiring AI consulting firm Tomoro and its 150 engineers to embed AI specialists directly into enterprise workflows, backed by major investors including TPG, McKinsey, and Goldman Sachs.
OpenAI co-founder Ilya Sutskever reveals a $7 billion personal stake in the AI startup during testimony in the ongoing Elon Musk vs. OpenAI trial, making him one of the company's largest individual shareholders.
Nvidia surpasses $40 billion in AI investments in 2026, securing major deals with Corning, IREN, and OpenAI to dominate the AI supply chain, but critics warn the strategy may be artificially inflating GPU demand in a move reminiscent of dot-com era vendor financing.
Akamai stock surges over 25% to its highest level since 2000 after Anthropic is confirmed as the customer behind a massive seven-year, $1.8 billion cloud deal, as the AI company aggressively expands its compute infrastructure through multiple partnerships to combat usage limits and rival OpenAI.
Apple and Intel strike a preliminary chip-making deal brokered with U.S. government involvement, sending Intel shares surging 13% and reuniting the two tech giants after Apple previously ditched Intel processors in favor of its own silicon.
Anthropic signs a massive $1.8 billion, seven-year cloud computing deal with Akamai Technologies as the AI company races to meet surging demand for its artificial intelligence software.
Alphabet is pursuing mass AI licensing deals with private equity giants Blackstone, KKR, and EQT, betting enterprise AI adoption is a platform problem, while rivals OpenAI and Anthropic launch hands-on service ventures embedding engineers directly inside client organizations.