Tech giants are lighting cash on fire in the AI arms race. OpenAI hands aging hospitals GPT-5 cyber tools, Figure drops startup-level money on compute alone, and Perplexity hits a $14 billion valuation despite burning through its business model.

September 3, 2026 — 683 words / ~4.6 min

Stories covered:

  1. OpenAI Gives Hospitals Running Windows 2012 GPT-5 Cyberdefense Tools
  2. Figure Just Spent More on AI Compute Than Most Startups Raise
  3. Perplexity Just Hit $14B While Its Business Model Burns