Oracle’s astonishing $300bn OpenAI deal is now valued at minus $60bn

Google CEO Sundar Pichai has commented on the growing concerns surrounding the artificial intelligence (AI) bubble, echoing sentiments shared by industry experts. The discussion gained momentum after OpenAI CEO Sam Altman indicated that it was acceptable to address the issue. Pichai's remarks reflect a broader acknowledgment within the tech community about the potential risks associated with inflated valuations in the AI sector.

A $100 million pro-AI super PAC, supported by Andreessen Horowitz and OpenAI president Greg Brockman, has targeted its first congressional race in New York. This move marks a significant entry of artificial intelligence into political campaigning, reflecting the growing influence of tech funding in elections. The PAC aims to promote candidates who support AI advancements, indicating a shift in political dynamics as technology increasingly shapes policy discussions.

Microsoft and Nvidia are set to invest up to $15 billion in AI start-up Anthropic, which is considered a competitor to OpenAI. This investment will support Anthropic's commitment to purchasing $30 billion in computing capacity from Microsoft, utilizing data centers powered by Nvidia chips. The collaboration highlights the growing competition in the AI sector, as major tech companies seek to enhance their capabilities in artificial intelligence.

Emmanuel Lubanzadio of OpenAI, Chris Maurice of Yellow Card, and Lexi Novitske of Norrsken22 discussed the role of AI, blockchain, and fintech in positioning Africa as a leader in global technology innovation. This conversation took place at the Bloomberg Africa Business Summit 2025 in Johannesburg, South Africa, highlighting the continent's potential to drive advancements in these sectors.

Intuit's stock has seen an increase following Evercore ISI's reaffirmation of an Outperform rating regarding the company's recent deal with OpenAI. This positive sentiment reflects investor confidence in Intuit's strategic move to integrate advanced AI technology into its financial products. The collaboration is expected to enhance the functionality of tools like TurboTax and Credit Karma, positioning Intuit favorably in the competitive financial technology market.

Intuit has announced a $100 million deal with OpenAI to integrate ChatGPT into its TurboTax software. This partnership aims to enhance TurboTax's capabilities by leveraging OpenAI's advanced AI technology. The collaboration reflects a growing trend of integrating AI into financial services, as seen in recent partnerships with companies like PayPal, Walmart, and Spotify.

Intuit has announced a $100 million deal to integrate OpenAI's models into its financial tools. This partnership aims to enhance the capabilities of Intuit's products, including TurboTax and Credit Karma, by leveraging advanced AI technology. The collaboration is expected to improve user experience and provide more personalized financial insights, marking a significant step in the integration of AI into financial services.

Algorithms on tech platforms are increasingly promoting fraudulent content, leading to a rise in scams. Users who engage with such scams are likely to encounter more similar content, creating a cycle of deception. This situation raises concerns about the accountability of these platforms in preventing fraud and protecting consumers.