Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

11 May 2026

OpenAI launches $4B Deployment Company as enterprise AI adoption hits 'tipping point'

OpenAI has unveiled the OpenAI Deployment Company with over $4 billion in initial investment, backed by TPG, SoftBank, and major consulting firms. The new AI services company will embed specialized engineers directly into organizations to help businesses integrate AI models into workflows. The move comes as OpenAI's revenue chief declares enterprise AI adoption is 'at a tipping point,' intensifying competition with Anthropic in the enterprise AI market.

6 Sources

Telus and federal government unveil AI data cluster in B.C. to strengthen sovereign computing

Telus and Canada's federal government announced plans for a major AI data cluster across three facilities in British Columbia. The project will expand an existing Kamloops data center and develop two new Vancouver facilities, requiring more than 150 megawatts of electricity by 2032. The initiative aims to strengthen Canada's sovereign computing power and support domestic innovation in artificial intelligence.

2 Sources

Alphabet closes record $3.6 billion yen bond sale to fund AI infrastructure expansion

Alphabet completed a historic $3.6 billion yen-denominated bond sale, the largest ever by a foreign company in Japan. The Google parent tapped Japanese institutional investors as part of its aggressive multi-currency funding strategy to finance up to $190 billion in AI capital expenditure. The move signals how US tech companies are shifting from cash reserves to debt markets to support massive AI infrastructure investments.

4 Sources

Novo Nordisk transfers Parkinson's cell therapy to Zuckerberg-backed Cellular Intelligence

Cellular Intelligence has acquired global rights to STEM-PD, Novo Nordisk's experimental stem-cell therapy for Parkinson's disease. The AI-backed startup plans to deploy its platform to accelerate development and manufacturing of the clinical-stage treatment, which aims to replace dopamine-producing nerve cells lost in the disease. Novo Nordisk takes an equity stake and remains eligible for milestone payments.

5 Sources

AI May Disrupt Women-Dominated Jobs More Severely, With 29% Facing High Exposure Risk

Research from the International Labour Organization reveals women workers are disproportionately vulnerable to AI-driven job disruption. The study found 29% of female-dominated occupations face exposure to generative AI compared to just 16% of male-dominated roles, with administrative and clerical positions at highest risk.

2 Sources

TTEC suspends 401(k) matching for 16,000 employees to fund AI investments through 2026

Austin-based customer experience technology company TTEC has halted 401(k) matching contributions for approximately 16,000 U.S. employees through the end of 2026, redirecting those funds toward AI investments. The move follows a dramatic stock collapse and revenue decline, raising questions about whether employee retirement benefits will increasingly depend on corporate AI strategies.

2 Sources

Augustus Wins OCC Approval to Build AI and Stablecoin Bank, Raising $40 Million

Augustus has received conditional approval from the Office of the Comptroller of the Currency to establish an AI-powered national bank built on stablecoins. The Peter Thiel-backed startup, led by 25-year-old CEO Ferdinand Dabitz, raised $40 million and aims to modernize cross-border payments by replacing legacy correspondent banking systems with code-based infrastructure designed for machine agents and real-time settlement.

5 Sources

SoftBank to manufacture large-scale batteries for AI data centers at former Sharp factory

SoftBank Group's mobile-services subsidiary will begin manufacturing large-scale battery cells at a converted Sharp factory in Sakai, Osaka, targeting one gigawatt-hour per year. Partnering with South Korea's Cosmos Lab and DeltaX, the company plans mass production from April 2026 to address surging power demands of AI data centers while avoiding Chinese supply chains.

2 Sources

Cerebras Systems raises $5.5B in blockbuster IPO after nearly burning out with $8M monthly spend

Cerebras Systems raised $5.5 billion in its IPO, valuing the AI chipmaker at roughly $60 billion. But the company's success story nearly ended in 2019 when it was burning $8 million monthly trying to solve a technical problem that had stumped the semiconductor industry for decades. The breakthrough came in July 2019 when the team finally cracked the packaging challenge for its dinner plate-sized chip.

23 Sources

Microsoft's $1 billion Kenya AI data center stalls as power demands could shut down half the country

Microsoft and G42's ambitious $1 billion AI data center project in Kenya has hit a major roadblock over power capacity disputes. President William Ruto says the facility would require shutting off half the country's electricity to operate, highlighting the massive energy demands of AI infrastructure in developing economies.

7 Sources

09 May 2026

TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss in Q1 2026

TeraWulf reported Q1 2026 revenues of $34 million, with AI compute contributing $21 million—a 117% jump that now represents 60% of total income. Meanwhile, Bitcoin mining revenue plummeted 50% to $13 million. Despite posting a $427 million net loss, the company's strategic pivot to AI infrastructure is gaining momentum, backed by a $9.5 billion Google-backed deal with FluidStack.

2 Sources

08 May 2026

Anthropic secures $1.8 billion AI cloud deal with Akamai to meet surging software demand

AI startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to meet growing demand for its AI software. Akamai's stock surged 28% following the disclosure, as the company positions itself to secure critical computing components like CPUs and GPUs despite rising prices in the competitive AI infrastructure market.

2 Sources

Nvidia exec admits AI costs now exceed what company pays human employees as compute bills soar

Nvidia's Vice President of Applied Deep Learning Bryan Catanzaro revealed that the cost of AI compute for his team now far surpasses employee salaries. The admission highlights a growing challenge across the tech industry as companies like Uber and Swan AI grapple with skyrocketing AI expenses, raising questions about long-term return-on-investment despite aggressive adoption.

3 Sources

Jury deliberates Elon Musk vs Sam Altman case as OpenAI's future hangs in the balance

Nine California jurors are deciding whether OpenAI abandoned its nonprofit mission when it accepted billions from Microsoft and restructured as a for-profit entity. Musk claims Altman and Brockman deceived him out of $38 million, while OpenAI argues Musk sued because he lost a power struggle. The verdict could end OpenAI as a for-profit company or clear the path to a $1 trillion IPO.

52 Sources

Google tests AI assistants in software engineering interviews to mirror real-world development

Google is piloting a new recruitment process that allows software engineering candidates to use AI during interviews. Starting later this year, applicants for early and mid-career roles will use Gemini AI during code comprehension rounds, where they'll analyze existing codebases, identify bugs, and improve performance. The shift reflects how 75% of Google's new code is now AI-generated.

2 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.

Explore

News Categories

Technology Business Policy Startups Health Science Entertainment

Terms Privacy Content Contact Us