Amazon surges to $717 billion in revenue with AWS AI income exceeding $15 billion annually, as the tech giant unleashes a $200 billion spending spree on AI infrastructure, robotics, drone delivery, and satellite broadband, cementing its dominance across cloud, grocery, and logistics.
Nearly 80,000 tech workers are losing their jobs in Q1 2026, with AI and automation blamed for nearly half the cuts as companies slash their workforces and funnel the savings directly into AI investments, raising alarms about the future of white-collar and entry-level employment.
Perplexity surges 50% in a single month to hit $450M ARR, powered by a bold pivot from AI search to autonomous AI agents, while boasting 100 million monthly users — though it still trails rivals like OpenAI at $20B and Anthropic at $19B in annual revenue.
Poke AI surges to a $300M valuation as its no-download personal assistant lets users manage calendars, health, and smart home devices directly through iMessage, SMS, and Telegram, growing 10x in users in just a few months.
Perplexity AI's annual recurring revenue surpasses $450 million as of March 2026, more than doubling in a single quarter, while its user base tops 100 million and its valuation soars to $21 billion — up from just $3 billion in mid-2024.
AI is going deeply personal this week: Utah launches a pilot letting AI renew psychiatric prescriptions for just $19/month, OpenAI secures a record $122 billion funding round at an $852 billion valuation, and thousands of workers worldwide are filming their daily chores to train the next generation of humanoid robots.
Investors are now demanding full AI-driven operational overhauls before funding companies, shifting focus from surface-level AI features to evidence that entire business models are being rebuilt around artificial intelligence as foundational infrastructure.
Anthropic's revenue explodes past $19 billion annually, fueled by surging demand for its Claude Code AI tool, but the company now faces a potentially devastating blow as Defense Secretary Pete Hegseth designates it a supply-chain risk, threatening to cut off all US government sales.
Anthropic acquires stealth AI biotech startup Coefficient Bio in a $400 million stock deal, bringing the 10-person team behind an AI-driven drug discovery platform into its health and life sciences division, accelerating the company's growing push into healthcare.
Cognichip raises $93M to revolutionize chip design with deep learning technology that promises to slash development costs by 75% and cut timelines in half, attracting investment from Intel CEO Lip-Bu Tan despite having yet to publicly demonstrate a finished chip.