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SK Hynix raised $26.5 billion in its Nasdaq debut, the largest US listing ever by a foreign company, as investors rushed to buy into the AI memory chip boom.
Swedish vibe-coding startup Lovable is reportedly in talks to raise $300 million at a $13.2 billion valuation, double the $6.6 billion it achieved in December 2025.
Meta will build its first Canadian data center, a 1-gigawatt AI facility in Alberta costing about C$13 billion, powered largely by a dedicated natural gas plant.
Apple expanded its partnership with Broadcom in a multi-year deal worth more than $30 billion, its largest US manufacturing commitment, to produce over 15 billion American-made chips.
Elon Musk’s xAI has rebranded to SpaceXAI, folding its Grok chatbot and X into SpaceX and signaling that AI, not rockets, is now central to the space company’s strategy.
Microsoft cut about 4,800 jobs, roughly 2.1% of its workforce, hitting Xbox and commercial sales hardest, the latest tech layoffs to intensify fears about AI and work.
Meta quietly released Pocket, an app that lets people build small interactive games from text prompts and share them in a TikTok-style feed, built on its Gizmo acquisition.
German autonomous defense startup Quantum Systems has raised $1.2 billion in a Series D round at an $8 billion post-money valuation, co-led by Blackstone, Noteus, Airbus, and Advent.
Mark Zuckerberg told employees that Meta’s AI agents have progressed slower than expected and its restructuring was “not as clean” as planned, a rare admission amid huge AI spending.
Microsoft is investing $2.5 billion in Frontier, a new unit that will embed 6,000 engineers with customers to help them adopt AI, joining a wider industry race into hands-on deployment.
OpenAI has proposed handing the US government a roughly 5% stake, worth about $43 billion, to seed a public wealth fund and ease mounting political pressure in Washington.
A new study of 22,000 US firms found that the heaviest AI spenders grew headcount faster than peers, including entry-level roles, complicating fears of an AI jobs apocalypse.
Crypto exchange OKX has launched OKX AI, a marketplace allowing AI agents to hire one another, settle payments autonomously using stablecoins, and build on-chain reputations.
As Washington limits Anthropic’s and OpenAI’s top models on security grounds, critics warn the restrictions are handing momentum to Chinese open-weight rivals like GLM-5.2.
Microsoft is heading for its worst month since 2008 as investors worry that its heavy AI spending may not pay off and that AI could erode demand for its core software.