OpenAI has introduced its latest default ChatGPT model, GPT-5.5 Instant, which shows marked improvement in reducing hallucinations—errors where the AI fabricates information. Internal evaluations reveal that this new model generates 52.5% fewer hallucinated claims compared to the previous Instant model (GPT-5.3), particularly in critical fields like medicine, law, and finance. Additionally, GPT-5.5 Instant cuts inaccurate claims by 37.3% in conversations previously flagged for errors, reflecting OpenAI's ongoing commitment to enhancing factual accuracy in AI models.
Back in April 2025, Intel's stock was struggling at $18. The company had recently gone through major leadership changes, firing its CEO three months prior. It had also fallen drastically behind in the AI chip market to Nvidia, so much so that analysts had stopped considering Intel a competitor in this space. At the time, Intel was more often talked about as a potential acquisition or breakup candidate in financial news outlets. However, the company's recovery in the following fourteen months, leading to an all-time high stock price, was the result of efforts beyond Intel alone.
Prediction market platform Kalshi has successfully secured $1 billion in its Series F funding round, led by investment firm Coatue, boosting its valuation to $22 billion within just five months.
Gusto has announced reaching $1 billion in actual revenue, marking a significant milestone based on real income rather than projected ARR figures. This achievement signals the company’s growing financial strength as it moves nearer to entering public markets.
The Financial Stability Board has issued a caution regarding the private credit industry's significant role in accelerating the AI boom, warning that a sudden downturn could result in considerable financial losses. According to their latest report, sectors like healthcare, services, and technology have emerged as the top recipients of private credit funding. This development underscores the intertwined risks and opportunities present as private lending fuels innovation in these critical industries.
A study by KPMG for the Chinese Chamber of Commerce in the EU (CCCEU) projects that removing Chinese technology suppliers from 18 key EU sectors between 2026 and 2030 will cost around €367.8 billion. This figure is higher than the €432 billion cited by Reuters, reflecting the significant financial impact of the European Commission’s cybersecurity overhaul plan.
NVIDIA has secured a $500 million equity-linked investment in fiber-optic leader Corning by acquiring warrants for 15 million shares at a $180 strike price, along with a pre-funded warrant for an additional 3 million shares. This arrangement coincides with Corning's plan to expand its US optical connectivity capacity tenfold, including the construction of three new manufacturing plants. Following the announcement, Corning's share price rose approximately 14%.
Corgi, the innovative insurance startup, has raised $160 million in its Series B funding round, led by TCV. This investment lifts the company's valuation to $1.3 billion, just four months after completing its Series A.
NVIDIA has invested upwards of $40 billion in AI equity during the first four months of 2026, with a significant $30 billion stake in OpenAI. The remaining funds have been distributed among CoreWeave, IREN, Corning, Nebius, and about two dozen private investment rounds. This strategy resembles vertical integration more than typical venture capital activity, sparking discussions about potential circular-deal issues.
Anthropic has developed an AI system that identified thousands of zero-day vulnerabilities across all major operating systems and web browsers. This discovery led the Federal Reserve chair and Treasury secretary to directly engage with bank CEOs to address the urgent security risks. The company warns of a critical six-to-twelve month period to fix these vulnerabilities before adversaries potentially develop AI models to exploit them.
