NYU Professor Warns AI Crash Could Exceed Dot-Com Bust
Aswath Damodaran, NYU finance professor, warns an AI crash could be more damaging than the 2000 dot-com bust due to higher debt and infrastructure costs.
Business
249 articles
The business of AI — funding rounds, acquisitions, enterprise adoption, and market moves. Who is investing, who is partnering, and how AI is reshaping company strategy and the wider economy.
LATEST NEWS
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OpenAI Revenue Tripled to $5.7 Billion in Q1
OpenAI reported $5.7 billion in Q1 revenue, up from $1.9 billion in Q1 2025, but burned through $3.7 billion in expenses.
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Reliance Unveils AI-Driven Call and Home Services
Reliance Industries announced Jio Call Agent, an AI assistant for phone calls, to be launched later this year for its 500 million users.
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Allbirds' AI Biz Smartbird Seeks Control Over AI Infrastructure
Allbirds sold its shoe business for $43 million and raised $100 million to launch Smartbird, an AI infrastructure provider targeting data sovereignty.
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Meta AI Workers Revolt Over Poor Morale and Misaligned Priorities
Meta's new AI unit has sparked employee unrest, with 7,000 workers reassigned to AI projects, leading to frustration and open defiance.
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Snap Spins Off AI Video Team Into New Company Dotmo
Snap is spinning off its AI video team into a new company named Dotmo, citing high internal costs as a key reason for the move.
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General Intuition Eyes $300M Raise at $2B Valuation
General Intuition, a New York-based startup, is in talks to raise $300 million, pushing its valuation to over $2 billion, according to sources.
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NVIDIA Powers AI Marketing Solutions at Cannes Lions
At Cannes Lions, NVIDIA technologies enable AI-driven marketing solutions, with Alembic using DGX Vera Rubin systems for enterprise-scale causal modeling.
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Noam Shazeer Joins OpenAI After Two-Year Return to Google
Noam Shazeer, co-creator of Google's Gemini models, is leaving the company to join OpenAI. His move marks a major shift in AI talent this year.
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NEA’s Tiffany Luck Discusses AI IPOs, Personal Agents, and ROI Challenges
AI hype is giving way to ROI scrutiny as companies like Uber and Meta cut back on AI spending, according to NEA’s Tiffany Luck.
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Amazon Nvidia And AMD Invest $310 Million In AI Startup Building 3D World Models
Amazon, Nvidia, and AMD have invested $310 million in AI startup Odyssey ML, which builds 3D world models. The round values the company at $1.45 billion.
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Anthropic Joins Frontier Carbon Removal Coalition
Anthropic, the AI startup, pledged $915 million to Frontier, doubling its funding to $1.8 billion, marking its first climate-related deal.