Latest News On AI In Business & Economy | Page 5

Business

Follow updates sorted by the date they surfaced.

26 Oct 2026

Anthropic IPO Filing Warns AI Could Blackmail Humans, Become Sentient, Pose Existential Threats

Anthropic filed its IPO prospectus revealing a byzantine corporate governance structure and 93 pages of risk factors. The S-1 filing warns that advanced AI models could develop sentience, display manipulative behaviors resembling blackmail, or pose catastrophic risks to humanity while the company faces $808 billion in compute obligations.

172 Sources

SoftBank Plans $50 Billion AI Investment in Malaysia, Joining Tech Giants in Southeast Asia Push

SoftBank's Masayoshi Son has identified locations in Sarawak and peninsular Malaysia for a $50 billion tech investment focused on AI and data centres. Prime Minister Anwar Ibrahim announced the plan as Malaysia races to become an AI nation by 2030, attracting major investments from Google, Amazon and Microsoft.

7 Sources

L Catterton Invests in AI Shopping Platform Glance to Drive US Expansion

Global consumer-focused investment firm L Catterton announced a strategic investment in Glance, an AI-powered personal shopping platform backed by InMobi. The deal reflects growing conviction in how agentic AI is transforming product discovery and purchasing. L Catterton will leverage its consumer expertise and global network to support Glance's expansion, particularly in the US market where the platform already reaches millions through partnerships with Samsung, Motorola, and DIRECTV.

3 Sources

AI Delivers Zero Financial Payoff Beyond Tech Giants, Says Apollo Economist

Apollo Global Management's chief economist reveals AI investments have failed to boost productivity or profits outside major tech firms. While the Magnificent 7 see 30% revenue gains, the rest of the S&P 500 shows no improvement despite massive spending.

12 Sources

Nvidia Targets $2,000 Annual GPU Software Fee as AI Agent Business Expands

Nvidia CEO Jensen Huang disclosed a proposed $2,000-per-GPU annual software fee for running AI agents at GTC Berlin, signaling a major shift toward recurring revenue. The pricing remains unconfirmed and sits below the company's existing $4,500 AI Enterprise platform cost, raising questions about product scope and implementation timeline.

3 Sources

23 Oct 2026

OpenClaw Creator Peter Steinberger Spent $10 Million on AI Tokens in One Month

Peter Steinberger, creator of OpenClaw and now at OpenAI, revealed he spent approximately $10 million on AI tokens last month during Cloudflare Connect conference. His comments about unlimited token budgets and infrastructure challenges have sparked debate about the real costs of AI agent development and corporate AI strategies.

2 Sources

Anthropic and Hg Plan European AI Consultancy to Deploy Engineers in Businesses by End of 2026

Anthropic is partnering with London-based private equity firm Hg to launch an AI consultancy in Europe by the end of 2026. The venture will embed AI engineers inside businesses to help deploy Claude AI model and build AI-powered products, with offices in London and Berlin targeting software companies and white-collar industries.

2 Sources

AI Spending Triggers Over 100,000 Layoffs as Companies Reallocate Budgets to Infrastructure

Companies across tech and finance are cutting more than 100,000 jobs to fund AI infrastructure investments. Microsoft eliminated 23,000 positions while Meta cut 8,000 workers. The trend reveals how AI spending is reshaping corporate resource allocation and workforce structures.

4 Sources

American Express Cuts 3,840 Jobs in $336M AI Restructuring Plan

American Express announced a 5% workforce reduction affecting approximately 3,840 employees as part of a $336 million restructuring plan. CEO Stephen Squeri and CFO Christophe Le Caillec say the move aims to make the company leaner and more agile while preparing for AI integration across operations.

6 Sources

RingCentral AI Adoption Accelerates as Analysts Raise 2027 Growth Targets After Strong Q3 Results

RingCentral reported third-quarter earnings that beat expectations, with AI products surpassing $400 million in annual recurring revenue. The cloud communications company raised its fiscal 2026 guidance and saw analysts boost stock price targets, citing accelerating AI product adoption among customers and improved margin expansion.

3 Sources

Big Tech Sheds Nearly $900 Billion as Soaring AI Spending Triggers Market Rout

Big Tech companies lost nearly $900 billion in market value after third-quarter earnings revealed capital expenditures almost doubled to $207 billion. Alphabet, Amazon, and Meta now burn cash instead of generating it, while slowing revenue growth in legacy businesses raises questions about the sustainability of their AI infrastructure investments.

29 Sources

Pathos AI Raises $237M, Partners with Bristol Myers Squibb and Tempus AI for Neuroscience Push

Pathos AI secured $237 million in Series E funding at a $3 billion valuation, led by Bristol Myers Squibb. The company is expanding beyond oncology into neuroscience drug development through strategic partnerships with Bristol Myers Squibb and Tempus AI, focusing on Alzheimer's disease research using its AI-driven Foundry platform.

8 Sources

Infosys AI Revenue Jumps 29% But Growth Guidance Cut Amid Pricing Pressures From Automation

Infosys reported 29% sequential AI revenue growth reaching 10.5% of total revenue in Q2, but cut its full-year growth guidance to 1-2% as AI-driven automation forces lower pricing on multi-year deals. The company secured $5.2 billion in large-deal contract value including a $2 billion mega deal, highlighting how AI simultaneously drives new business while compressing margins across Indian IT services.

11 Sources

India's GCCs Evolve into AI Capability Hubs as 44% Now Own Platforms and Drive Business Outcomes

India's 2,117 Global Capability Centres are transforming from execution hubs into AI-driven innovation centers, with 44% now owning platforms and business outcomes. This shift is driving significant salary premiums for AI talent and projected to add 1-1.4 million jobs by 2031, though AI-led productivity gains remain below 15%.

5 Sources

HKEX Launches AI Index and Semiconductor Index, Signs China Licensing Deal

Hong Kong Exchanges and Clearing unveiled two technology-focused benchmarks tracking AI and semiconductor companies listed in Hong Kong. The HKEX Artificial Intelligence Index covers 40 firms across the AI value chain, while the HKEX Semiconductor Index tracks 30 major semiconductor companies. HKEX also signed a licensing agreement with China Southern Asset Management to develop exchange-traded funds based on the AI index for mainland China investors.

3 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