Michael Burry places $1 billion bet against AI giants Nvidia and Palantir as tech stocks plummet and Goldman Sachs and Morgan Stanley CEOs predict a major 10-20% market correction within two years amid AI bubble concerns.
Andreessen Horowitz shuts down its $175,000 Talent x Opportunity Fund that supported over 60 underserved founders since 2020, laying off at least three staff members as the firm integrates diversity efforts into its broader investment strategy.
ClickUp unveils version 4.0 featuring AI assistants that proactively answer questions and automate tasks like scheduling, while crossing $300M in revenue and preparing for IPO within two years as it challenges Slack and Notion with its unified workspace platform.
Electric vehicle maker Rivian spins off Mind Robotics, securing $115 million in seed funding to develop AI-powered robotic solutions for manufacturing operations using Rivian's operational data.
Hippocratic AI secures $126 million Series C funding at $3.5 billion valuation after successfully processing 115 million patient interactions across 50+ health systems including Cleveland Clinic, deploying AI agents for patient intake and care management with zero safety incidents reported.
IREN lands massive $9.7 billion five-year Microsoft GPU cloud services contract and $5.8 billion Dell partnership to deploy NVIDIA GB300 GPUs at its 750MW Texas AI campus through 2026, positioning the company as a major AI cloud provider with access to global hyperscaler customers.
Lambda strikes massive multibillion-dollar partnership with Microsoft to construct AI infrastructure featuring tens of thousands of Nvidia chips, serving over 200,000 developers while planning a Kansas City AI factory by 2026.
Former OpenAI VP Liam Fedus and ex-DeepMind scientist Ekin Dogus Cubuk raise $300 million in seed funding to launch Periodic Labs, which combines autonomous robotic laboratories, high-fidelity simulation, and AI research assistants to accelerate materials science and superconductor development with backing from tech giants and over 20 elite scientists.
Perplexity AI's valuation skyrockets from $14 billion to $50 billion in months as the search startup raises funding rounds monthly instead of annually, generating $150 million in revenue while making a stunning $34.5 billion bid for Google Chrome amid fears of an AI investment bubble with 100x revenue multiples.
Microsoft reports a staggering $3.1 billion loss from its OpenAI investment as the AI giant burns through $11.5 billion in a single quarter, revealing massive financial struggles despite generating billions in annual revenue.