Microsoft Corporation

Meta Platforms, Inc.

Alphabet Inc.

Microsoft, Google, and Meta have cheerfully reported revenue and profit growth, not failing to emphasize the contribution of AI technologies to their successes. Individual AI startups also continue to energetically attract investment.&nbsp; So what is the AI race: a financial bubble or a new economy? It's an unprecedented question that worries both private investors and CEOs of major tech companies that have invested billions in AI. Let's try to figure out what's going on.

AI is starting to pay the bills: why the dot-com bubble story won't repeat itself


The deal would turn developer ChatGPT into the most expensive non-public tech company ever

OpenAI has begun talks to sell shares at a $500 billion valuation

Super Micro Computer, Inc.

OpenAI is negotiating a stock sale that could raise the company's valuation to $500 billion. Server maker Super Micro Computer reported lower profits and gave a weak outlook, attributing the results in part to Donald Trump's trade restrictions. The US President, meanwhile, is set to announce new duties on semiconductors and pharmaceuticals. About these and other topics - in our review of key events for the morning of August 6.

Highlights of the morning: the Fed kept rates on hold, OpenAI doubled revenue, Figma IPOs

NVIDIA Corporation

Robots, virtual reality and space satellites were among the top technology trends of the year


Not just AI: McKinsey names 13 technologies investors should watch out for


Mira Murati - former CTO of OpenAI and co-founder of startup Thinking Machines Lab - raised $2 billion from investors in July. As <a href="https://techcrunch.com/2025/07/15/mira-muratis-thinking-machines-lab-is-worth-12b-in-seed-round/">noted</a> by TechCrunch, this is one of the largest seed rounds of funding in Silicon Valley history. Thinking Machines Lab's total valuation has reached $12 billion - the company is <a href="https://www.linkedin.com/in/mira-murati-4b39a066/">less than a year old</a>, it hasn't brought a single product to market yet, and Murati hasn't even <a href="https://x.com/miramurati/status/1891918876029616494">told</a> much about what it's going to do yet, other than that it will be a new AI. Still,&nbsp; Thinking Machines Lab is one of the few startups that investors see as a real threat to leading AI modelers like OpenAI, Anthropic and Google DeepMind. Thinking Machines Lab is a level of credibility that many startups can only dream of. Let's try to understand how Albania-born Mira Murati achieved this and what she is going to shake up the market with.

Star on trust: how Mira Murati attracts investment in a startup without a product


Google's search engine revenue was strong last quarter despite concerns that users were being poached by ChatGPT

Alphabet's revenues beat forecasts, but investors were alarmed by a sharp rise in AI costs

SailPoint, Inc.

Qualys, Inc.

SentinelOne, Inc.

While AI has become a powerful tool for attackers, it dramatically strengthens cyber defenses as well

The head of OpenAI has warned bankers of a wave of AI fraud. How to play it?

Apple Inc.

The prospect of Apple releasing an iPhone with AI features on its own is becoming less and less likely, writes Barron's

'Out of your comfort zone': how could Musk's startup help Apple's AI problems?


Apple has lost four key employees over the past few weeks.&nbsp;First, it was reported that Apple Chief Operating Officer Jeff Williams, <a href="https://oninvest.com/article/klucevoj-rukovoditel-apple-uhodit-v-sloznyj-moment-stoit-li-perezivat-investoram">considered</a> the company's second-in-command and a possible successor to CEO Tim Cook, had left the company. Meta later said it had hired <a href="https://www.bloomberg.com/news/articles/2025-07-07/apple-loses-its-top-ai-models-executive-to-meta-s-hiring-spree">chief</a> AI officer Zhuomin Pan. And on Friday, July 18, Bloomberg sources reported that Mark Zuckerberg hired two more <a href="https://www.bloomberg.com/news/articles/2025-07-17/meta-hires-two-key-apple-ai-experts-after-poaching-their-boss?srnd=homepage-europe">employees</a> from Apple's AI division - Mark Lee and Tom Gunther.

Systemic failure: will Apple's reshuffle help it catch up in the AI race

Leading AI scientists have warned that new models are starting to "think" in a language humans don't understand

OpenAI and Meta developers are losing control of AI reasoning. Is this dangerous?

CoreWeave, Inc.

One of Coreweave's biggest advantages may be both its Achilles' heel, says a bank analyst


Open AI