Business

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OpenAI secures $110 billion funding round from Amazon, Nvidia, and SoftBank at $730B valuation

Meta signs $50 million annual AI licensing deal with News Corp for content access

ChatGPT reaches 900 million active users as OpenAI secures $110 billion in historic funding

Meta and AMD forge $60 billion AI chip deal as Zuckerberg diversifies compute infrastructure

OpenAI secures $110 billion funding round from Amazon, Nvidia, and SoftBank at $730B valuation

OpenAI has closed a $110 billion funding round from Amazon, Nvidia, and SoftBank, valuing the company at $730 billion. Amazon invests $50 billion with AWS becoming the exclusive third-party cloud distributor for OpenAI Frontier. The deal includes commitments to 2 gigawatts of Trainium compute capacity and custom AI models for Alexa, while Nvidia contributes $30 billion tied to infrastructure deployment.

41 Sources

Meta signs $50 million annual AI licensing deal with News Corp for content access

Meta has secured a three-year AI licensing deal with News Corp worth up to $50 million annually, granting access to content from The Wall Street Journal and other US and UK publications. The agreement allows Meta to use news archives for training AI models and powering chatbot responses, highlighting Big Tech's aggressive push to secure quality journalism for AI development.

5 Sources

ChatGPT reaches 900 million active users as OpenAI secures $110 billion in historic funding

Meta and AMD forge $60 billion AI chip deal as Zuckerberg diversifies compute infrastructure

AI forces skills reset across workforce as job security shifts from degrees to adaptability

MyFitnessPal Acquires Cal AI, the Teen-Built AI Nutrition App That Hit $30M in Annual Revenue

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Today

Alibaba's Qwen AI chief Junyang Lin resigns abruptly after launching new open-source models

Junyang Lin, the technical leader behind Alibaba's Qwen AI project, stepped down just days after unveiling the Qwen 3.5 small model series. The sudden departure, along with other team members, has sparked concerns about the future direction of one of China's most prominent open-source AI efforts as the company shifts toward aggressive monetization.

5 Sources

Meta signs $50 million annual AI licensing deal with News Corp for content access

Meta has secured a three-year AI licensing deal with News Corp worth up to $50 million annually, granting access to content from The Wall Street Journal and other US and UK publications. The agreement allows Meta to use news archives for training AI models and powering chatbot responses, highlighting Big Tech's aggressive push to secure quality journalism for AI development.

5 Sources

Yesterday

Amazon acquires George Washington University campus for $427 million to fuel AI expansion

Amazon Data Services purchased George Washington University's Virginia Science and Technology campus for $427 million to build data center infrastructure. The acquisition in Ashburn, Virginia, supports Amazon's $35 billion investment plan through 2040 as tech companies commit at least $630 billion this year to meet surging artificial intelligence demands.

2 Sources

Intuit fights SaaSpocalypse with 40-year data moat while partnering with OpenAI and Anthropic

Intuit has lost over 40% of its market capitalization as investors fear AI agents could replace traditional SaaS tools like QuickBooks and TurboTax. CEO Sasan Goodarzi pushes back, arguing that 40 years of proprietary small business data and partnerships with OpenAI and Anthropic give the company a durable competitive advantage in regulated finance markets.

2 Sources

MyFitnessPal Acquires Cal AI, the Teen-Built AI Nutrition App That Hit $30M in Annual Revenue

MyFitnessPal has acquired Cal AI, the AI-powered calorie counting app built by two high school students that scaled to over 15 million downloads and $30 million in annual revenue in under two years. The deal, which closed in December after nearly a year of negotiations, keeps Cal AI operating independently while integrating it with MyFitnessPal's massive nutrition database spanning 20 million foods.

2 Sources

Cursor surpasses $2 billion in annualized revenue as corporate demand for AI coding tools surges

The AI coding assistant Cursor has reached $2 billion in annualized revenue, doubling its revenue run rate in just three months. Corporate customers now account for 60% of revenue as the startup shifts focus from individual developers to enterprise clients. The milestone comes amid growing competition from Anthropic's Claude Code and questions about whether AI labs will eventually cannibalize their customers.

5 Sources

Amazon commits $21B to Spain for data centers and AI infrastructure in Europe's largest cloud bet

Amazon announced a $21 billion investment in Spain to expand its data center capacity and AI infrastructure, primarily in the Aragón region. This brings the company's total commitment to nearly €33.7 billion, making it one of Europe's largest cloud infrastructure investments. The expansion will create approximately 29,900 jobs and includes new server manufacturing facilities.

2 Sources

02 Mar 2026

AI forces skills reset across workforce as job security shifts from degrees to adaptability

AI is transforming hiring and work as nearly 65% of organizations adopt AI in recruitment processes. Workers face a skills reset where human judgment, adaptability, and AI literacy matter more than traditional credentials. Venture capitalist Bill Gurley warns that professionals in safe jobs who lack passion are most at risk from AI-driven job displacement.

5 Sources

MiniMax revenue growth hits 159% as China AI pioneer expands global footprint after Hong Kong IPO

Chinese artificial intelligence startup MiniMax reported a 159% surge in revenue to $79 million in its first earnings since raising $614 million in its Hong Kong IPO. The company, valued at $30 billion, is positioning itself as a global AI platform with multimodal capabilities, though it faces mounting losses and increasing scrutiny as it expands internationally.

4 Sources

01 Mar 2026

China's humanoid robot industry outpaces U.S. with 12,000+ units shipped as supply chain battle heats up

China shipped over 12,000 humanoid robots in 2025, led by Agibot and Unitree, while the U.S. scrambles to build domestic supply chains. Chinese companies leverage superior hardware supply chains from the EV sector and the world's strongest manufacturing base to iterate faster and cheaper than Western competitors. Meanwhile, OpenAI is actively seeking U.S.-based suppliers as the humanoid arms race intensifies.

2 Sources

28 Feb 2026

Duolingo targets 100 million daily active users by 2028 as AI reshapes language learning

Duolingo is sacrificing short-term profit margins to prioritize user growth and artificial intelligence investments. The language-learning app aims to double its daily active users from 50 million to 100 million by 2028, even as growth rates slow and AI disruption threatens traditional learning models.

2 Sources

27 Feb 2026

ChatGPT reaches 900 million active users as OpenAI secures $110 billion in historic funding

OpenAI announced that ChatGPT has reached 900 million weekly active users and 50 million paying subscribers, marking one of the fastest adoption curves in consumer technology history. The milestone comes alongside a massive $110 billion funding round led by Amazon, Nvidia, and SoftBank, valuing the company at $730 billion.

4 Sources

Nvidia DGX Spark hits $4,699 as memory shortages drive 18% price jump across global markets

Nvidia announced an 18% price increase for its DGX Spark AI mini-PC, raising the cost from $3,999 to $4,699. The company attributes the $700 hike to worldwide memory supply constraints affecting the tech industry. The portable AI supercomputer powered by the GB10 Grace Blackwell Superchip maintains its specifications despite the pricing adjustment.

2 Sources

Meta scraps advanced AI training chip, pivots to AMD and Nvidia after design roadblocks

Meta has abandoned its most advanced in-house AI training chip after hitting significant design roadblocks, according to The Information. The company is now shifting focus to a simpler version while committing over $100 billion to partnerships with AMD, Nvidia, and Google for external AI chips to power its massive infrastructure expansion.

2 Sources

SaaSpocalypse fears grip markets as AI agents challenge traditional SaaS business model

The SaaS industry faces mounting pressure as AI agents enable companies to build software in-house, threatening per-seat pricing models. Investor fears wiped nearly $1 trillion from software stocks in February, with Salesforce and Workday sliding. Yet venture investors argue this isn't the death of SaaS—it's an evolution demanding AI-native approaches and vertical specialization.

6 Sources

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