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It’s been another crazy week in AI 👀

- OpenAI plans $1T IPO
- Anthropic launches Claude Excel add-in
- Amazon cuts 30K jobs
- Nvidia hits $5T
- UMG settles with Udio
- Extropic claims 10K× boost
- Cursor 2.0 drops

Here’s everything you need to know ⬇️

1. OpenAI eyes a $1T IPO

OpenAI is reportedly planning a $1 trillion IPO by 2027, transitioning into a for-profit public benefit corporation. Microsoft’s stake now sits at $135B, with SoftBank adding another $30B. Future AGI claims will require third-party verification.

2. Anthropic pushes into finance

Anthropic launched a Claude Excel add-in for financial modeling and new research suggests Claude shows early signs of self-awareness (though still far from reliable).

3. Amazon to cut 30,000 jobs

Amazon plans to lay off 10% of its corporate workforce, its largest cut ever, impacting Alexa, Devices, HR, and Ops teams.

4. Nvidia hits $5 trillion

Nvidia just became the first company to cross $5T, cementing its dominance in AI chips with $500B in orders and projected 2026 sales of $300B.

5. Canva, Microsoft & Google go all-in on AI

Canva unveiled its Creative Operating System and new Design Model for editable layouts. Microsoft Copilot can now build apps and workflows, and Google’s Gemini Enterprise arrives with a 1M-token context window.

6. UMG settles with Udio

Universal Music Group ended its copyright battle with Udio, paving the way for the first licensed AI music creation platform, set to launch in 2026.

7. Extropic claims 10,000× energy boost

Extropic Labs says its thermodynamic computing tech could make AI 10,000× more energy-efficient if its claims hold up.Cursor 2.0 launches Composer model.

8. Cursor 2.0 launches Composer model

Cursor’s new Composer model runs 4× faster than competitors and enables simultaneous multi-agent coding.

9. These 22-year-olds are now the world’s youngest self-made billionaires

Three 22-year-old founders, Adarsh Hiremath, Brendan Foody, and Surya Midha — became the youngest self-made billionaires after their AI recruiting startup, Mercor, hit a $10B valuation.

BREAKING: 🚨🚨 Amazon and OpenAI have agreed to a $38 billion deal to expand compute capacity.

OpenAI will immediately begin running workloads on AWS, using hundreds of thousands of Nvidia’s, $NVDA, GPUs.