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31 Jan 2026

Nvidia CEO calls reports of stalled $100 billion OpenAI investment 'nonsense,' pledges major funding

Nvidia CEO Jensen Huang dismissed reports that the chip giant's planned $100 billion investment in OpenAI has stalled, calling such claims 'nonsense.' Despite Wall Street Journal reports of friction and concerns about OpenAI's business discipline, Huang confirmed Nvidia will make its 'largest ever investment' in the AI company, though the final amount remains unspecified.

21 Sources

30 Jan 2026

Apple loses senior Siri executive and AI researchers to Google DeepMind and Meta

Apple has lost at least four AI researchers and a top Siri executive to competitors including Google DeepMind and Meta in recent weeks. The departures underscore ongoing turbulence within Apple's AI division as the company struggles to retain talent amid its decision to outsource key technology to Google.

7 Sources

Google's Project Genie AI tool triggers massive selloff in video game stocks across the market

Google's announcement of Project Genie, an AI tool for generating interactive experiences, sent shockwaves through gaming markets. Unity's stock plunged 24%, Roblox dropped 13%, and Take-Two fell 8% as investors feared disruption to traditional game development. Analysts call the selloff an overreaction, while industry leaders like Take-Two CEO Strauss Zelnick pledge to embrace generative AI—but keep it out of GTA 6.

34 Sources

OpenAI races toward fourth-quarter IPO as AI companies face profitability pressure

OpenAI is preparing for a fourth-quarter 2026 initial public offering, hiring finance executives and holding talks with Wall Street banks. Valued at $500 billion but unprofitable until 2030, the company faces mounting questions about whether AI companies can justify their massive infrastructure costs. The move comes as rival Anthropic projects breaking even two years earlier.

2 Sources

KLA Corp beats Q2 estimates as AI semiconductors drive chipmaking tool demand to new highs

KLA Corp reported second-quarter revenue of $3.3 billion, surpassing Wall Street expectations as AI infrastructure demand accelerates investment in advanced logic chips and high-bandwidth memory. The semiconductor equipment maker saw net profit climb 39% to $1.15 billion, though supply constraints and rising DRAM costs present near-term challenges. Despite strong results, shares fell 7% as investors questioned whether growth momentum can sustain amid U.S. export restrictions on China.

2 Sources

Kioxia names new CEO to capture AI storage growth while rivals chase high-bandwidth memory

Japanese flash memory maker Kioxia is promoting Hiroo Oota to CEO as it positions itself to capitalize on surging demand for NAND storage in AI data centers. While competitors Samsung, SK Hynix, and Micron focus on high-bandwidth memory, Kioxia sees opportunity in high-density storage solutions. The company's shares have jumped more than 13 times since its late 2024 IPO, reflecting investor confidence in its strategic positioning.

2 Sources

SanDisk forecasts massive profit surge as AI storage demand drives flash storage boom

SanDisk predicted fiscal third-quarter revenue of $4.6 billion and adjusted profit of $14 per share, dramatically exceeding Wall Street estimates of $2.77 billion and $4.37 respectively. The data storage firm extended its supply agreement with Kioxia Corp through 2034 as AI fuels storage demand across data centers, with shares surging 19% in premarket trading.

3 Sources

Taiwan's economy grows 8.6% in 2025, fastest rate in 15 years, turbocharged by AI boom

Taiwan's economy expanded 8.6% in 2025, marking its fastest economic growth in 15 years as the global artificial intelligence boom powered record tech exports. The island's Q4 GDP surged 12.68%, far exceeding forecasts, driven by robust global demand for AI chips and semiconductors from companies like Nvidia and Apple.

2 Sources

Sam Altman predicts AI will cause massive deflation, making goods and services radically cheaper

OpenAI CEO Sam Altman claims AI will introduce strong deflationary forces that could make daily expenses cheaper and increase the real value of money. Speaking at a company town hall, he argued that enhanced individual productivity through AI could invert historical economic trends—even as OpenAI burns billions quarterly and slows hiring.

2 Sources

Perplexity signs $750 million AI cloud deal with Microsoft for frontier models access

AI-powered search engine Perplexity has inked a three-year, $750 million deal with Microsoft to access Azure cloud services and frontier models from OpenAI, Anthropic, and xAI through Microsoft Foundry. Despite the agreement, Amazon Web Services remains Perplexity's preferred cloud infrastructure provider, signaling a strategic multi-cloud approach as the startup navigates legal challenges and rapid growth.

5 Sources

OpenAI's Sora faces steep app downloads decline as AI video generator loses momentum

OpenAI's Sora AI video creation app is struggling after its explosive October launch. App downloads dropped 45% in January to 1.2 million installs, while consumer spending fell 32% to $367,000. Competition from Google's Gemini and Meta AI, coupled with copyright infringement challenges from Hollywood studios, has dampened user interest in the once-promising AI video social network.

2 Sources

Tesla posts first revenue drop since 2010 as Musk shifts focus from EVs to robots and robotaxis

Tesla reported its first annual revenue decline since 2010, with 2025 revenue falling 3% to $94.8 billion amid an 8.6% drop in vehicle deliveries. As the EV sales slump deepens, Elon Musk is doubling down on a radical pivot—shutting down Model S and X production to make room for Optimus humanoid robots and launching the steering wheel-free Cybercab robotaxi by April 2026.

2 Sources

SAP cloud revenues jump 23% as business AI adoption accelerates across enterprise customers

SAP reported cloud revenue of €21.023 billion for 2025, up 23% year-over-year, driven by surging customer interest in business AI. CEO Christian Klein revealed that over two-thirds of Q4 cloud order entry included business AI capabilities, with 60% of customers already actively using AI and another 20% in implementation. The company closed major deals with Adidas, L'Oréal, and the US Navy.

2 Sources

29 Jan 2026

SpaceX acquires xAI as Elon Musk bets big on 1 million satellite constellation for orbital AI

Elon Musk has merged SpaceX with xAI in a bold move to deploy up to 1 million satellites as orbital data centers. The SpaceX xAI merger creates a $1.25 trillion entity aimed at solving AI's growing energy demands by harnessing solar power in space. The plan marks a significant bet on space-based computing infrastructure.

102 Sources

Over Half of Game Developers Now Say Generative AI Is Harming the Gaming Industry

A new GDC survey reveals that 52% of game developers believe generative AI is having a negative impact on the industry, a dramatic jump from just 18% two years ago. While 36% use gen AI in their jobs for tasks like research and brainstorming, growing skepticism among developers reflects concerns about job security, creative integrity, and widespread layoffs across the gaming industry.

5 Sources

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