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IBM warns AI boom is squeezing software budgets; shares sink in sector rout
IBM warns that ai infrastructure spending is cutting into software budgets, forecasting weaker revenue growth and causing shares to fall sharply.
White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 (Reuters) – The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the plans. An event […]
Microsoft launches firm to help companies adopt AI with $2.5B
Microsoft launches Microsoft Frontier Company with $2.5 billion funding to help businesses select and integrate AI technologies tailored to their needs.
OpenAI proposes handing Trump administration 5% stake, FT reports
OpenAI has proposed giving the U.S. government a 5% stake to address regulatory concerns and public backlash over ai technology and its economic impact.
Oracle workforce shrinks by about 21,000 employees amid AI adoption
Oracle's workforce declined by about 21,000 employees in fiscal 2026 due to restructuring and AI adoption, reflecting significant changes in its cloud computing operations.
Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft faces a shareholder lawsuit over alleged fraud related to slowing Azure growth and increased AI infrastructure spending, impacting its stock price.
SpaceX trading to kick off after record IPO, with hopes for first-day surge
SpaceX begins trading on Nasdaq after a record $75 billion IPO, marking the largest U.S. debut and valuing the company at $1.77 trillion.
OpenAI expects to go public ‘within the next year,’ the Information reports
OpenAI expects to go public within the next year after confidentially filing for a U.S. IPO, targeting a valuation up to $1 trillion.
OpenAI files for US IPO after Anthropic as AI giants head to public markets
OpenAI confidentially filed for a U.S. IPO targeting up to a $1 trillion valuation amid growing competition from Anthropic and SpaceX in the AI sector.
Anthropic urges AI labs to pause development, warns humans risk losing control
Anthropic calls for a coordinated pause in AI development to manage risks of recursive self-improvement and loss of human control.
OpenAI’s Altman says AI unlikely to lead to ‘jobs apocalypse’
OpenAI CEO Sam Altman says rapid AI adoption has not caused a jobs apocalypse and highlights the irreplaceable human part of employment.
OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing
OpenAI is preparing to confidentially file for a U.S. IPO soon, aiming for a September debut as competition and SpaceX's filing loom.
