As an encore career after leaving Amazon in 2021, Jeff Bezos has formed Project Prometheus, named for the figure in Greek mythology who brought fire and the arts of civilization from the gods to humanity.
Category: TRENDS IN AI – Nov 25 2025
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MORE CIRCULAR INVESTMENTS: NVIDIA, MICROSOFT INVEST IN ANTHROPIC
Nvidia has committed as much as $10 billion and Microsoft up to $5 billion to Anthropic, the young AI company that makes the Claude platform. In return, Anthropic has pledged to spend $30 billion using Microsoft’s cloud services that, almost certainly, will be powered by Nvidia’s chips.
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JPMORGAN AIMS TO BECOME THE WORLD’S FIRST FULLY AI-BASED MEGABANK
JPMorgan Chase, the world’s richest bank by market capitalization, is being “fundamentally rewired” to take the greatest possible advantage of AI, chief data analytics officer Derek Waldron said in a CNBC interview.
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WILL AI DEVELOPERS’ LOSSES SINK THE MEGATECH COMPANIES?
Alphabet, Amazon, Microsoft, and Nvidia all reported hefty third-quarter profits. However, much of their future earnings depend on their contracts with Anthropic, Open AI, and other stand-alone AI developers that, so far, show few prospects of having the money to make good on their commitments.
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PRESSURED BY BIG TECH, EU BACKTRACKS ON WORLD-FIRST AI LAW
The European Commission (EC) is thinking of suspending parts of its AI Act, the landmark suite of regulations it established in May 2024 to govern artificial intelligence amid intense pressure from Big Tech companies and the US government.