Surging AI costs are driving companies toward cheaper, smaller models, with Coinbase's Brian Armstrong predicting 80% of workloads will migrate to models 99% cheaper within 18 months, threatening the core business models of AI giants OpenAI and Anthropic.
OpenAI and Thrive Holdings have deployed a self-improving Tax AI that automates 1040 and 1041 tax return preparation, cutting document prep time by a third and achieving 97% accuracy through a three-part feedback loop that drove correct field completion from 25% to 90% of returns.
Apollo Global Management and Blackstone seal a landmark $35 billion financing deal to expand Anthropic's AI infrastructure, funding Google's custom AI chips in one of the largest financing arrangements in the artificial intelligence race.
Morgan Stanley is opening its stock administration platforms to external AI agents, allowing corporate clients to autonomously interact with firm systems without traditional logins — a bold move that puts the bank ahead of Wall Street rivals like JPMorgan and Goldman Sachs, with plans to expand access to all 3,400 …
Anthropic closes a massive $65B funding round near a $1T valuation as AI agents invade finance — Robinhood launches autonomous AI trading accounts — but a new MIT report warns 76% of organizations lack the infrastructure to support the agentic future they're racing toward.
Gusto launches 'Gusto Cofounder,' an AI agent powered by OpenAI that lets small business owners automate payroll, expenses, and reporting using plain-language prompts, with built-in integrations and a competitive edge from its deep existing presence within thousands of businesses.
Dell Technologies stock skyrockets 32.76% in its best single-day performance ever after AI server revenue explodes 757% year over year to $16.1 billion, quarterly revenue surges nearly 88%, earnings crush expectations, and a $9.7 billion Pentagon contract — with President Trump publicly urging Americans to buy Dell shares — fuels …
OpenAI and Thrive Holdings have deployed a self-improving Tax AI across 30+ accounting firms that processed 7,000 returns this season with 97% drafting accuracy, saving practitioners a third of their time while autonomously correcting its own mistakes through a continuous feedback loop.
Robinhood launches Agentic Trading and an Agentic Credit Card, enabling users to connect AI agents that autonomously execute stock trades and credit card purchases through dedicated accounts equipped with spending caps, fraud detection, and instant agent disconnection for full user oversight.
Robinhood is now allowing AI agents to autonomously trade stocks and make purchases with real money on its platform, while warning users that these AI-driven strategies carry significant risk, including the potential loss of their entire investment.