Fundamental Research Labs secures $33 million to develop AI agents like Fairies, a consumer assistant, Shortcut for financial analysis, and digital humans, focusing initially on productivity apps across various industries.
Lina Khan, the former Federal Trade Commission chair, hails Figma's IPO as vindication of her scrutiny over tech giants' startup acquisitions, while critics argue Figma thrived despite regulatory hurdles.
Amazon braces for a massive $100 billion capital expenditure in 2025, while tech giants Amazon, Meta, Microsoft, and Alphabet unleash a staggering $315 billion investment spree this year, with Amazon's AWS cloud computing unit anticipating 'lumpy' growth in the coming years.
OpenAI secures a staggering $8.3 billion in oversubscribed funding round, with demand 5 times higher, propelling its annual recurring revenue to soar past $13 billion, up from $10 billion just months ago.
Apple surges on a 13% increase in iPhone sales, reporting 10% revenue growth, its biggest since December 2021; CEO Tim Cook vows to 'significantly grow' AI investments, open to acquisitions accelerating its AI roadmap, while seeing a 4% sales boost in China aided by device subsidies.
Meta CEO Mark Zuckerberg announces massive AI spending will continue through 2026 with expenses exceeding 2025 levels, raising total expense forecast to $114-118 billion and investing $14.3 billion in AI startup Scale AI, sending shares soaring 12% after strong quarterly earnings beat expectations.
Meta's Reality Labs division posts a $4.53 billion operating loss in Q2 despite $370 million in sales, while EssilorLuxottica reports Ray-Ban Meta smart glasses sales more than tripled year-over-year in the first half of 2025.
AI startup Anthropic seeks $3-$5 billion funding led by Iconiq Capital, aiming for a staggering $170 billion valuation, as it continues to push boundaries in artificial intelligence development.
AI chatbot subscriptions soar to over $200 per month as companies bank on attracting early adopters willing to pay premium prices for alpha products, hoping mainstream adoption will follow as AI tools become more user-friendly and provide better guidance.
SoftBank-backed LegalOn secures $50M funding, unveiling AI-powered contract review software that cuts review times by 85% and AI agent tools developed in partnership with OpenAI, leveraging advanced models grounded in legal expertise.