AI, Crypto Anxiety Creates Volatile Week for Markets | Bloomberg Tech 11/21/2025

Two cofounders of Thinking Machines Lab are departing to rejoin OpenAI, marking a significant shift for the lab as it loses key leadership. This transition has sparked discussions about the underlying reasons for their departure, with contrasting narratives emerging regarding the state of both organizations.

OpenAI has entered into a partnership with Cerebras Systems Inc. to enhance its computing capabilities through advanced chip technology. This agreement marks a significant step in OpenAI's ongoing efforts to bolster its infrastructure for artificial intelligence development.

OpenAI has signed a multiyear agreement with Cerebras Systems Inc. to utilize 750 megawatts of computing power, a significant step in bolstering its AI infrastructure. This partnership is expected to enhance OpenAI's capabilities in developing advanced AI models and applications.

The US Senate has passed a bill aimed at assisting victims of sexualized deepfakes, amid rising public outrage over the proliferation of nonconsensual images on platforms like Elon Musk's X. This legislative move comes in response to reports highlighting X as a leading site for such harmful content, prompting calls for accountability and protection for affected individuals.

OpenAI has entered a multibillion-dollar partnership with Cerebras Systems Inc. to enhance its computing capabilities, a strategic move aimed at securing more power for processing user queries and developing advanced AI models. This agreement is expected to significantly bolster OpenAI's infrastructure.

In 2026, significant initial public offerings (IPOs) are anticipated from major tech companies, including SpaceX, OpenAI, and Anthropic, potentially transforming the financial landscape of Silicon Valley and Wall Street. SpaceX is reportedly aiming to raise over $30 billion, with a valuation target of approximately $1.5 trillion, which could make it the largest IPO in history.

Security startup depthfirst has successfully raised $40 million in a Series A funding round led by Accel, with partner Sara Ittelson highlighting the investment as a long-term commitment for the firm. This funding will enable depthfirst to enhance its AI security solutions amidst growing concerns over cybersecurity threats.

Salesforce has enhanced Slack's AI capabilities by integrating an upgraded Slackbot powered by Anthropic's Claude model, as announced by Rob Seaman, Slack's chief product officer and interim CEO, during an appearance on Bloomberg Tech.