AI Business · Page 5
funding, startups, jobs, and how people and companies are actually making money with AI
The AI race is no longer just about who has the biggest model
Companies are quietly moving away from the most powerful AI and toward cheaper, smarter systems that pick the right tool for each job. Here is what that means for you.
Greg Brockman takes charge at OpenAI as Fidji Simo steps down due to illness
OpenAI's co-founder and president absorbs the company's product and commercial operations, just as OpenAI files quietly for a future stock-market debut.
AI chip executives say demand is 'almost unlimited' even as companies get pickier about costs
Senior figures from chip startups, data centre builders and venture capital say AI infrastructure demand is outrunning supply. But enterprises are starting to ask hard questions about what they actually get for their money.
IBM shares fall 25% after profit warning as tech spending slows
The US technology giant reported just 1% revenue growth for the second quarter, blaming customers who are pulling back on spending. It was the company's worst single-day stock drop in decades.
Meta's Adam Mosseri thinks companies will soon put spending caps on AI tools, engineer by engineer
The head of Instagram says AI token budgets could become a standard line item on the corporate balance sheet, sitting right next to payroll.
Reflection AI Signs $1 Billion Compute Deal With Nebius
The open-model startup, valued at $8 billion, is stacking up GPU access at speed as demand for AI that nobody can switch off overnight keeps growing.
Apple Sues OpenAI Over Alleged Hardware Trade Secrets Stolen by Former Employees
Three ex-Apple engineers now at OpenAI stand accused of walking out with confidential knowledge about Apple's hardware operations. The lawsuit lands at the worst possible moment for OpenAI.
Open-source AI models from China now dominate developer downloads. Does the frontier still matter?
Chinese open-weight models took 41% of Hugging Face downloads this spring. Developers are building with cheaper, customisable alternatives, and some big names think that shift is permanent.
Why Silicon Valley's 'Already Made It' crowd is taking junior titles at AI labs
From the co-founder of Monzo to the former CTO of Workday, experienced tech veterans are trading power and prestige for 'member of technical staff' roles at Anthropic and its rivals.
AI agents are being trusted with more decisions than companies can actually verify
A new survey finds half of enterprises have already shipped an AI agent that passed internal tests and then broke something for a real customer. Only 5% fully trust the testing that is supposed to catch those failures.
PixVerse Raises $439 Million and Hits $2 Billion Valuation in AI Video Push
The Singapore startup lets users generate 4K video from a single image. Alibaba is already a customer, and 150 million people have signed up.
57% of Enterprises Have Been Burned by a Confident AI Answer That Was Wrong. Here Is Why It Keeps Happening.
A new survey puts numbers on a problem that IT teams already know: AI agents give wrong answers with total certainty, and the root cause is not the model. It is the missing layer that tells the model what your business data actually means.
DeepSeek Slashed Prices 75%. AI Costs Are Still Rising.
Cheaper AI models were supposed to make AI businesses more profitable. A hidden problem called token amplification is doing the opposite.
OpenAI launches ChatGPT Work, an AI agent that reads your Slack, manages your calendar, and builds websites on your phone
The new tool, powered by the GPT-5.6 model, can spend hours on a task without you lifting a finger. Here is what it does, who gets it, and what it costs to access.
Nous Research Is Raising $75 Million at a $1.5 Billion Valuation. Here Is What Its Hermes Agent Actually Does.
The startup behind the open-source Hermes AI agent is closing a new funding round just three months after its last one. If you have never heard of Hermes, you are about to.