Business - News Articles

Meta Joins Forces with Midjourney, Unlocking AI Image and Video Generation

Aug 25, 2025

TechCrunch

Meta partners with Midjourney, integrating the AI image and video generation technology into future models and products, pursuing industry collaborations to deliver cutting-edge AI offerings.

Image & Video Business

OpenAI Cautions Against Unauthorized Investments, Deems SPVs Potentially Worthless

Aug 25, 2025

TechCrunch

OpenAI issues stern warning, declaring unauthorized investments like special purpose vehicles (SPVs) claiming exposure to its equity potentially worthless, as such investments may violate transfer restrictions and lack economic value, mirroring crackdown by other AI giants like Anthropic.

Funding Business

OpenAI CEO Warns of AI Bubble Burst, Seeks Massive Valuation

Aug 22, 2025

Ars Technica

OpenAI CEO Sam Altman cautions investors about an impending AI bubble burst while simultaneously seeking a staggering $500 billion valuation for OpenAI, planning to invest trillions in data centers despite acknowledging overexcitement and implementation challenges plaguing the industry.

Funding Business Data Centers

Meta freezes AI hiring, splits Superintelligence Lab

Aug 22, 2025

Mashable

Meta freezes hiring for its AI research team and splits its recently formed Superintelligence Lab into four smaller teams, signaling a shift in the company's aggressive AI strategy amid broader restructuring efforts.

Business Labor & Jobs

Google Secures $10 Billion AI Cloud Deal with Meta over Six Years

Aug 22, 2025

CNBC

In a major coup, Google secures a staggering $10 billion AI cloud deal with Meta over six years, solidifying its position as a leading provider of artificial intelligence infrastructure as Meta doubles down on developing its Llama family of AI models.

Cloud Computing Funding Business

AI Giants Forge Data Alliances, Raising Privacy Alarms as Perplexity Bids $34.5B for Chrome

Aug 21, 2025

Rest of World

AI companies are forging global data alliances to train models, sparking privacy concerns as Perplexity bids a staggering $34.5 billion to acquire Google's Chrome browser, escalating the AI supremacy battle.

Search Privacy Business Regulation

Jack Dorsey Pioneers AI-Driven Coding, Embracing Transparency and Learning

Aug 20, 2025

Block Engineering Blog

Jack Dorsey pioneers AI-driven coding, embracing transparency by building in public and sharing his AI-assisted process to inspire and educate, using natural language and visuals to iterate fearlessly with AI handling architecture, exemplifying a learning mindset of curiosity and experimentation.

Coding & Developer Tools Business

SoftBank Injects $2 Billion into Intel, Acquiring 2% Stake as Chipmaker Battles Nvidia in AI Race

Aug 19, 2025

CNBC

SoftBank injects $2 billion into Intel, acquiring a 2% stake as the chipmaker battles Nvidia in the AI race, with Intel shares rising 6% on the investment announcement.

Funding Hardware Business

Majority of Enterprise AI Pilots Struggle for Revenue Growth, Specialized Tools and Partnerships Key

Aug 19, 2025

Fortune

Most enterprise generative AI pilots fail to boost revenue quickly, with only 5% achieving rapid growth, as successful deployments require specialized tools and strategic partnerships over internal development.

Enterprise Business

AWS Hikes Kiro AI Coding Tool Pricing, Developers Outraged

Aug 19, 2025

theregister

AWS sparks outrage among developers as it hikes the pricing for its AI-powered coding assistant Kiro, with the new plans costing substantially more than initially promised, leading to backlash over the 'wallet-wrecking' changes.

Coding & Developer Tools Business