April 27, 2026

AI Markets

AI Becoming Bigger than Oil

pgnewser April 27, 2026 0

AI is now bigger than oil and gas in terms of capital investment, having topped $400 billion. It is also the largest debt-segment within U.S. investment-grade credit at $1.4 trillion.

Big Tech AI Spending Tops $400B, Now Exceeds Oil And Gas Investment – Yellow.com– news.google.com
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Capital spending on AI by five major technology firms has crossed $400 billion, overtaking what the world invests each year in oil and natural gas production.

The shift was flagged by the International Energy Agency in its latest report.

Combined capital expenditure at the five firms topped $400 billion in 2025. The agency expects another 75% jump in 2026.

The numbers reflect a sharp pivot in global capital flows. Data centre development has grown too capital-intensive for corporate balance sheets alone, pulling tech firms deeper into bond markets to fund the buildout.

AI-related debt has now climbed to roughly $1.4 trillion, the largest segment within US investment-grade credit.

 

Alibaba’s Qwen AI is coming to cars, allowing drivers to order food and book hotels by voice– www.cnbc.com

pgnewser April 24, 2026 0

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BEIJING — Chinese tech giant Alibaba said Friday that its Qwen artificial intelligence model will be integrated into vehicles from automakers including BYD and a local joint venture of Volkswagen, as the industry pushes to add more in-car digital services and compete for buyers in a slowing electric vehicle market.

The model will run on Nvidia‘s automotive chip system and is designed to function even with limited network connectivity.

Alibaba said select models will allow drivers to order food delivery, book hotels, buy tickets to attractions and track packages, among other features, through voice commands.

OpenAI Beefs Up ChatGPT’s Image Generation Model– www.wired.com

pgnewser April 22, 2026 0

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OpenAI launched a new image generation AI model on Tuesday, dubbed ChatGPT Images 2.0. This model can generate more than one image from a single prompt, like an entire study booklet, as well as output text, including in non-English languages like Chinese and Hindi. This release is available globally for ChatGPT and Codex users, with a more powerful version available for paying subscribers.

When any major AI company releases a new image model, it can revive interest and boost usage, especially if social media users adopt a meme-able trend, transforming images of themselves. Last year, Google’s launch of the Nano Banana model was a major moment for the company, especially when users started posting hyperrealistic figurines of themselves online. Earlier this year, ChatGPT Images made waves on social media as users shared AI-generated caricatures.

What AI model should you use for revenue intelligence? Von says all the big ones, and it will automate mixing and matching for you– venturebeat.com

pgnewser April 22, 2026 0

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Looking at enterprise AI adoption, VentureBeat has anecdotally observed a fairly wide divergence when it comes to specific roles: For those who build—engineers and developers—the arrival of AI has been transformative, moving through the workflow with the speed of tools like Claude Code and Cursor to automate the heavy lifting of syntax and architecture.

Yet, for those who sell, the “revenue stack” has remained a fragmented collection of data silos, manual CRM entries, and anecdotal reporting.

Von, a new AI platform emerging from the team behind process automation startup Rattle, aims to bridge this gap. By positioning itself not as another “point solution” but as a foundational “intelligence layer,” Von seeks to do for Go-To-Market (GTM) teams what the modern IDE has done for the developer: provide a single, reasoning interface that understands the entire business context.

“AI has revolutionized the workflow for people who build things, but there is nothing that has revolutionized the workflow for people who sell those things,” Von CEO Sahil Aggarwal said in a recent video call interview with VentureBeat. “That is what we are trying to build with Von”.

Can AI Save Luxury Retail?– www.vanityfair.com

pgnewser April 22, 2026 0

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Rather than feel discouraged by the tech world’s disinterest in luxury, she decided to seize her company’s opportunity to target a massive, underserved market. The start-up builds custom tools for retailers, like customer-facing shopping assistants and back-end data optimizers, from the grocery store chain Sprouts to the multibrand retailers like Nordstrom. Looking ahead, Mostafazadeh is hoping her company “makes it so that what happened to the neighbor on the north doesn’t happen to the neighbor on the west,” she said, gesturing to Macy’s a few blocks away, lest it suffer the same bankruptcy fate as retailers like Ssense, Matches, and Saks Global.

You can probably think of a couple of pain points that Mostafazadeh’s technology—which she prefers to call “augmented intelligence”—aims to address. Many of these pain points can be found online, where shoppers can waste hours on an endless scroll without making a single purchase. (Natural language searches like “black loafers under $500 with ruching at the toe stitch only” are well within the realm of what’s technologically possible, but far from the reality you’d currently find on most e-commerce sites.)

AI is Becoming a Utility

pgnewser April 21, 2026 1

More and more Americans have begun making AI subscription services a part of their essential household budget. Since 2024, paid AI subscriptions have increased by 38%. The paid AI subscription service market is expected to exponentially expand over the next two years.

Generative AI News: US Households Are Carving Out Room in Budgets for ChatGPT and AI Subscriptions – crypto.news– news.google.com
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In the latest generative AI news, CBS MoneyWatch reported that US households are actively making room in their budgets for AI subscriptions, backed by Bank of America Institute data showing the number of paying AI subscribers has surged 38% from the 2024 average.

Summary
  • Approximately 3% of Bank of America households paid for AI services in early 2026, with median monthly spend at $20, up 10.4% year over year, driven by growing use of tools like ChatGPT Plus, Claude Pro, and Gemini.
  • The share of subscribers paying $21 to $40 per month jumped 50% year to date versus 2024, suggesting consumers are moving up the pricing tiers as they deepen their use of AI tools for daily tasks.
  • Bank of America Research projects the US consumer AI market could scale to $75 billion annually as AI becomes embedded in productivity, search, entertainment, and personal assistant use cases.

Generative AI news has moved from enterprise budgets to household spending lines. Bank of America Institute analysis of nearly 70 million consumer accounts found that the number of households making AI subscription payments is up 38% from the 2024 average, with median monthly spend sitting at $20 for those who pay, up 10.4% year over year.