AI In Business

Silicon Valley VCs defend the AI funding frenzy as a necessary catalyst for building infrastructure and driving breakthroughs, even as valuations soar and warnings of a bubble grow louder.

A $2 million deal for Jerry Falade's debut crime novel collapsed after his agents said they could no longer authenticate the manuscript, amid broader debates over AI use and racial bias in publishing.

OpenAI has slashed prices for its Luna and Terra AI models, dropping Luna's cost by 80% and Terra's by 20%, as it battles Anthropic and Chinese competitors in a heating AI market.

Indian stocks, especially IT shares, are rallying as global investors flee overcrowded AI bets, with the Nifty IT index posting its best month in years.

As China pushes AI at scale, workers from Wuhan taxi drivers to Beijing cinematographers face wage collapse and replacement, prompting rare government acknowledgment of social tensions.

Reddit's Q3 revenue forecast of up to $870 million, driven by a 70% jump in advertiser count from AI tools, overshadows slowing U.S. user growth and search referral volatility.

OpenAI has updated pricing for GPT-5.6 Terra and Luna on Amazon Bedrock, matching first-party rates and integrating with AWS commitments, while Sol pricing remains unchanged.

A Harvard Business Review roundtable with Kate Niederhoffer and Thomas Davenport uncovers the hidden organizational dynamics—trust, work redesign, talent, and judgment—that determine AI adoption success.

Citadel has purchased most of Situational Awareness's public stock portfolio following an AI-driven market rout that erased massive gains for the hedge fund.

Scale AI has tapped former Google Cloud executive Francis DeSouza as its new CEO, effective August 10, as the data foundry giant aims to scale its enterprise AI applications business.

From AI-powered recycling apps to customized classroom agents, a new wave of Mexican innovators is using technology to solve community problems.

The Ramanaidu Film School in Hyderabad is pioneering an AI-integrated filmmaking curriculum, aiming to produce storytellers who can blend human emotion with machine intelligence.

New MIT research reveals how multi-agent AI systems can bridge departmental divides, ensuring strategic directives like inventory pull-forwards are executed swiftly and faithfully.

Nscale is buying Anyscale for $1.65 billion, merging cloud infrastructure with Ray-based AI scaling software to simplify enterprise AI workloads.

Moonshot AI's Kimi K3 model is now accessible to enterprise users on Microsoft Azure through a Fireworks AI integration, simplifying deployment without GPU management.

Amazon and Walmart’s AI shopping assistants can identify false ‘Made in USA’ labels but are not used to flag them, a study from Lina Khan’s new think tank finds, citing business calculations over legal obligations.

Lloyds Banking Group announces £2bn in cost cuts and a £13bn AI-driven strategy, sparking questions about job losses and international expansion.

Law firm associates are becoming legal engineers at AI startups, automating tedious tasks and reshaping legal training.

Capgemini CEO Aiman Ezzat says a multi-year IT modernization boom is underway as enterprises overhaul legacy systems to become AI-ready, shifting spending from experiments to large-scale transformation.

ByteDance merges Doubao and Feishu product teams in a major AI restructuring, forming a new enterprise GTM unit to accelerate AI-powered productivity solutions.

IIM Kozhikode has launched a 20-week executive programme in Product Innovation with AI and Agentic AI, designed to help professionals build AI-native products amid surging industry adoption.

Meta's second-quarter profit fell 14% to $18.3 billion as costs surged 55%, driven by aggressive AI infrastructure investments that spooked investors and sent shares down over 9% after hours.

The U.S. economy maintained a 2.1% growth pace in Q2 2026, driven by a consumer spending rebound and an AI investment boom, even as the Iran war and high gasoline prices pose risks.

Microsoft closed fiscal 2026 with $90B in Q4 revenue, driven by 43% Azure growth and 30M paid Copilot seats, while an Anthropic gain boosted earnings.

Atlassian has introduced monthly AI spending caps of up to $2,000 per employee, moving away from the industry's tokenmaxxing trend as costs spiral from autonomous AI agents.

AWS's new architecture lets factory teams query fragmented systems in plain English and get personalized, secure answers by configuring MCP servers instead of building custom integrations.

As chip stocks slide and AI bubble fears mount, comparisons to the dotcom bust and 2008 Global Financial Crisis are rising. But a closer look at valuations, profitability, and systemic risk reveals why a catastrophic crash is unlikely.

Rising credit default swap costs for AI giants like Oracle and Nvidia reveal deepening investor anxiety over the profitability of massive AI spending.

Asian semiconductor stocks cratered for a second day after SK Hynix's record profits missed investor expectations, exposing fragility in the AI-driven chip rally and triggering a historic rout in Seoul's Kospi index.

The global AI build-out is reshaping Asia's air cargo map, with Korean Air's 46% revenue surge highlighting a shift from e-commerce to high-value semiconductor and server shipments.