artificial-intelligence

Cerebras plans to sell 28 million shares at $115-$125 each, aiming for a $26.6 billion valuation. The AI chipmaker's deep ties to OpenAI include a $20 billion compute deal.

Global venture funding surged to $300 billion in Q1 2026, with AI startups grabbing $242 billion. The US accounted for over 80% of total AI investment, led by OpenAI, Anthropic, and xAI.

Agentic AI emerging as next battleground in banking. Financial institutions moving from copilots to autonomous workflow systems in customer service, compliance, and operations. Agentic systems independently execute multi-step processes.

Former crypto-mining companies including TeraWulf, Applied Digital, IREN, Core Scientific pivot to AI data centers leveraging legacy power contracts; attracting hyperscale tenants; Bitfarms pivoting to 2.2GW AI/HPC pipeline; Riot Platforms sold 3,778 BTC ($289.5M) in Q1 2026 to fund AI infrastructure shift.

OpenAI shares have fallen out of favor on secondary markets —in some cases 'almost impossible to unload.' Anthropic seeing record demand with valuations reaching ~$600 billion on secondary markets. Despite OpenAI's $122B funding round, investors pivot rapidly to Anthropic as stronger financial bet.

Apple has hired former Google executive Lilian Rincon to lead AI product marketing as it races to revamp Siri and reset its artificial intelligence strategy against competition from Google and OpenAI.

Meta's acquisition of Chinese-founded AI startup Manus for over $2 billion highlights the escalating battle for AI talent, as the startup relocated to Singapore before sealing its deal with the US tech giant.