OpenAI is paying employees an average of $1.5 million in stock-based compensation, far exceeding peer startups as it races to retain top AI talent. The strategy is inflating losses and reshaping expectations ahead of a potential IPO.
European banks could eliminate more than 200,000 jobs by 2030 as artificial intelligence reshapes operations and accelerates branch closures. Back-office, risk, and compliance roles are expected to be most affected.
SoftBank has finalized its $40 billion investment in OpenAI, increasing its stake above 10%. The funding supports AI infrastructure initiatives, joint ventures, and OpenAI’s broader growth, including plans for a potential IPO.
OpenAI is hiring a Head of Preparedness to study emerging risks tied to rapidly advancing AI models, including mental health impacts and cybersecurity threats. The move reflects rising concern over how frontier capabilities could be misused as models grow more powerful.
OpenAI is rolling out “Your Year with ChatGPT,” an annual review feature that summarizes how users interacted with the chatbot over the past year. The tool is available to eligible users across several English-speaking markets, including the United States.
Alphabet announced plans to acquire Intersect for $4.75 billion, aiming to expand data center capacity and accelerate energy innovation. The acquisition includes in-development projects and Intersect’s technical team.
Artificial intelligence has become a major factor behind U.S. job cuts in 2025, with companies citing automation and efficiency gains as reasons for workforce reductions. More than 55,000 layoffs this year have been directly attributed to AI adoption.
OpenAI is in talks to raise up to $100 billion in new funding, a deal that could value the ChatGPT maker as high as $830 billion. The discussions reflect rising capital needs as AI development and infrastructure costs accelerate.
ChatGPT now features an app directory across iOS, Android, and web, allowing users to connect apps for productivity, lifestyle, and entertainment while exploring new AI-powered workflows.
Visa said it successfully completed hundreds of AI-driven transactions in a pilot program testing agent-based payments. The effort reflects a broader push across fintech to let AI agents handle purchases on behalf of consumers.
Google released Gemini 3 Flash, a new AI model designed to deliver frontier-level reasoning with significantly lower latency and cost. The model is rolling out across Google products, developer platforms, and enterprise services worldwide.
Amazon is reportedly in early talks to invest up to $10 billion in OpenAI in a deal tied to the use of its AI chips. The discussions reflect a broader trend of circular partnerships shaping the AI infrastructure market.
OpenAI released a new version of ChatGPT Images powered by a flagship image generation model that delivers faster output and more precise edits. The update also introduces a dedicated Images workspace and a lower-cost API offering, GPT Image 1.5.
Nvidia is reportedly planning to increase production of its H200 AI training chips following approval to sell them in China.
President Donald Trump signed an executive order establishing a unified federal AI regulatory framework aimed at preempting state-level rules. The order directs the Justice Department to challenge state AI laws and conditions federal funding on compliance.