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BIZARRE: 5 | Mind Blowing Facts

Anthropic vs OpenAI: Behind the bitter battle for the future of AI

The fierce competition between Anthropic and OpenAI is accelerating AI advancements and driving a race towards blockbuster IPOs. This rivalry is shaping investor perceptions and establishing key leaders in the AI space. The companies are also clashing over financial reporting methods, with OpenAI questioning Anthropic's revenue recognition.

The Economic Times

OpenAI signs major Visa deal — so AI agents will soon be able to make payments and purchases for you

Visa payments to be integrated within OpenAI's ecosystem, paving the way for future agentic transactions and bookings.

TechRadar

Visa plugs its payment network into ChatGPT letting AI agents shop, pay for users

It is not OpenAI's first attempt at e-commerce. The company late last year announced Instant Checkout, which allowed ChatGPT to scour the internet for a specific item like a digital personal shopper. But the process was prone to errors and was not widely adopted by merchants due to the fee…

The Economic Times

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SpaceX's record IPO has Wall Street torn between a Musk 'holy grail' and a $72-per-share leap of faith

Analysts disagree on whether SpaceX is worth what Musk is asking.

Fortune

Explained: Why Oracle shares crashed 10% in extended trading despite earnings beat

Oracle shares fell sharply in after-hours trading despite beating earnings estimates, as investors reacted to aggressive AI spending plans and rising debt concerns. The company’s massive capital raise and infrastructure push raised fears of over-leverage, even as strong revenue growth and bullish guidance highlighted its expanding role in AI cloud…

The Economic Times

AI gold rush upends San Francisco housing market

In San Francisco, the longtime hub of the US tech sector, fortunes tied to artificial intelligence startups are inflating home prices and fueling a spike in evictions, splitting the city's population into two different trajectories. Whether the home could be bought with shares remains to be seen, but the frenzy…

The Economic Times

Canada bill to ban social media for children under 16

Canada has introduced legislation to bar children under 16 from having social media accounts, joining an Australia-led global effort to tighten online safety.

AAP

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OpenAI considers drastic price cuts, anticipating war for users with Anthropic: Report

The ChatGPT-maker confidentially filed for an IPO earlier this week after archrival Anthropic did the same last week. OpenAI CEO Sam Altman had earlier identified rising costs as a huge problem.

The Economic Times

OpenAI says Chinese propaganda is being deployed to foment dissent over tariffs, data centers

The company said its efforts, dating to late 2025 and early 2026, appeared to have had little or no effect, but it is another indication of how central generative AI is ‌becoming in digital ⁠influence ⁠campaigns - even ones aimed against AI companies themselves.

The Economic Times

Oracle's AI spending blows past estimates, raising worries over growing debt

Oracle, which has major deals to build data centers for customers such as Meta Platforms and OpenAI, is working to ‌position itself as a ⁠major rival ⁠to cloud leaders such as Amazon. com and Microsoft.

The Economic Times

Visa Partners with OpenAI to Power the Next Generation of AI Commerce

SINGAPORE, June 11, 2026 /PRNewswire/ -- Visa (NYSE: V) today announced a strategic collaboration with OpenAI to enable secure Visa payments within agentic commerce, enabling seamless and trusted payments across OpenAI. The companies made the announcement at the Visa Payments Forum in San Francisco. Through the partnership, Visa will provide…

AAP

Anthropic pledges $200 million to research AI's economic impact as CEO suggests job loss solutions

Anthropic has joined calls for the AI industry to find ways to cushion people from AI's disruptions to the workforce

AAP

A $550 Billion Reason to Buy Cerebras Stock

As Mizuho predicts a $550 billion market for fast AI inference by 2030, Wall Street is rightly excited about Cerebras stock.

Barchart

Tech Stocks Are Losing The Traits That Powered The Market Rally, Analyst Warns

Growing capital demands across the AI sector are prompting some of the industry's biggest companies to seek new funding as investors weigh an expanding pipeline of stock offerings.

International Business Times

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International Business Times

Palantir CEO Says Businesses Are 'Unhappy' With Frontier AI Labs

Palantir CEO Alex Karp says a growing number of businesses are becoming increasingly dissatisfied with the world's leading artificial intelligence developers.

The Independent UK

Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users

Visa is embedding its payment network into ChatGPT, allowing the chatbot to shop and complete transactions for users

The Economic Times

Musk's xAI accused of illegally firing engineer who raised safety concerns

Devin Kim, a former engineer at xAI, has launched a lawsuit alleging wrongful termination after he voiced serious concerns about the safety risks associated with the AI chatbot Grok. Kim contends that his proactive warnings put him in the crosshairs of the company, leading to his dismissal.

Tom’s Guide

A growing youth movement wants people to delete ChatGPT — here's why

A youth-led movement called QuitGPT is urging people to delete ChatGPT and boycott OpenAI as concerns grow over the company's power, influence and future ambitions.

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The Economic Times

OpenAI expects to go public 'within the next year,' the Information reports

OpenAI CEO Sam Altman indicated an IPO within the next year, with the company having recently filed confidentially. While a timeline remains undetermined, Altman noted that rapid advancements in AI's self-improvement capabilities could influence the timing of a public offering. OpenAI is also preparing for a tender offer at its…

Barchart

Billionaire Sam Altman Says OpenAI Was ‘Pretty Wrong’ About AI Jobs, But Goldman Sachs Warns AI is Still Wiping Out 11,000 Jobs Per Month

The AI jobs story has become a split screen: one of the most powerful artificial intelligence (AI) executives is walking back the worst panic, while data tracked by Goldman Sachs (GS ) still points to pressure on younger white-collar workers. The lack of a clean yes-or-no answer is exactly why...

The Economic Times

OpenAI expects to go public within the next year: Report

OpenAI, the maker of ChatGPT, is preparing for a stock market debut. CEO Sam Altman has indicated a public offering could happen within the next year. The company has confidentially filed for a US initial public offering. This move signals a strong push towards listing amid high investor demand for…

The Economic Times

Anthropic CEO Dario Amodei has only one direct report

Anthropic CEO Dario Amodei has an unusually small direct report count, focusing his time on big-picture strategy and culture. This leadership model, with his sister Daniela managing daily operations, allows him to dedicate energy to research direction and philosophical discussions about AI's future. This structure aims to protect the CEO's…

Fortune

OpenAI and Nvidia CEOs didn’t flinch at Trump’s $100,000 H-1B visa fee, and now they’re paying up as their application numbers soar

While frontier AI companies boost their number of foreign workers, other tech giants with much larger workforces are cutting back.

Barchart

Oracle Earnings Could Reveal a Massive $100 Billion Spending Surge. Here Is Why You Should Still Buy ORCL Stock.

BNP Paribas expects Oracle to increase its capital spending in the June 10 earnings report.

Kiplinger

Invested in Index Funds? Here's What You Need to Know About Mega-Cap IPOs

SpaceX and other mega-cap IPOs, such as Anthropic and OpenAI, could impact the makeup of your index funds — but not all portfolios will see an immediate impact.

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