HSBC and General Atlantic executives caution that AI investments are accelerating faster than revenue, creating risks of overvaluation and slow productivity gains.
Microsoft will invest $15.2 billion in the UAE over four years, shipping advanced Nvidia GPUs and building AI infrastructure while training local talent.
OpenAI signed a $38 billion, multiyear agreement with Amazon to access cloud computing power, including Nvidia GPUs, to support ChatGPT and AI model training.
Utopai East, a joint venture between LG heir’s Stock Farm Road and Utopai Studios, will develop AI-powered infrastructure for film and TV production.
Universal Music Group reached a landmark settlement and licensing deal with AI startup Udio, resolving copyright disputes and paving the way for a new AI-powered music platform.
OpenAI has acquired Software Applications, the startup behind Sky, an AI-powered natural language interface for Mac that acts as an intelligent layer over desktop apps.
Tensormesh emerges from stealth with $4.5 million in seed funding to commercialize its LMCache utility, designed to drastically improve AI inference efficiency on limited GPU resources.
Wonder Studios, backed by executives from OpenAI and DeepMind, has raised $12 million to expand AI-generated film and media production in Hollywood.
Govtech startup Starbridge has raised $42 million in a Series A round led by David Sacks’ Craft Ventures to expand its AI-powered public sector sales platform.
Palantir and Lumen Technologies have entered a multi-year, $200 million partnership to deliver enterprise AI services using Palantir’s Foundry and AIP platforms.
Neobank Revolut has acquired Berlin-based AI travel agent start-up Swifty, integrating its conversational booking technology into Revolut’s loyalty and lifestyle platform for over 65 million users.
Andrew Tulloch, co-founder of the $12 billion AI startup Thinking Machines Lab, has joined Meta after previously rejecting what reports described as a $1.5 billion offer — a figure Meta has since called ‘inaccurate and ridiculous.’
AI presentation startup Prezent has raised $30 million to acquire services companies and integrate domain expertise into its enterprise communication platform, beginning with Prezentium.
Elon Musk’s AI startup xAI is reportedly raising up to $20 billion, with Nvidia committing as much as $2 billion in equity. A significant portion of the funding is tied directly to acquisition of Nvidia GPUs.
OpenAI’s computing agreements have now surpassed $1 trillion, spanning deals with AMD, Nvidia, Oracle, and more – a milestone that underscores the capital intensity driving AI infrastructure expansion.