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As OpenAI gears up for a potential IPO, it's outlined a more tempered infrastructure strategy and has moved away from an ambitious agreement with Nvidia.
OpenAI's nascent ads business has surpassed $100 million in annual recurring revenue less than two months after launching its pilot in the U.S.
OpenAI said it's closing Sora, the short-form video app that went viral after its launch six months ago
Berber Jin / Wall Street Journal : OpenAI plans to discontinue products that use its Sora models, including its consumer app, a Sora version for developers
Bloomberg : Sources: OpenAI nears a deal to raise ~$10B from Abu Dhabi's MGX, Coatue, and Thrive, bringing its latest funding round to ~$120B at a $730B val
Wall Street Journal : How Nvidia became the AI industry's most powerful financier, investing billions in startups and supporting customers who couldn't othe
CEO Jensen Huang took the stage at Nvidia’s GTC conference this week in his signature leather jacket to deliver a two-and-a-half-hour keyno
Wall Street Journal : Sources: Moonshot AI may scrap its Cayman structure for a China or Hong Kong entity to prepare for a Hong Kong IPO and plans to raise
Jonathan Stempel / Reuters : Match Group agrees to settle an FTC lawsuit claiming it illegally shared user data from the OkCupid app with facial recognitio
Caroline Hyde / Bloomberg : Kleiner Perkins raised $3.5B for two new funds, allocating $1B to its 22nd early-stage fund and $2.5B to a growth-stage fund, t
Bloomberg : Filing: Kalshi has secured a license allowing it to offer margin trading to users, which would make the platform more appealing to institutional
Financial Times : Sources: Google nears a deal to help finance Nexus Data Centers' Texas campus that is leased to Anthropic, as Google deepens its partnersh
Natalie Lung / Bloomberg : Google releases new tools for its Gemini AI assistant that let users upload chat history and context from other AI apps, making
Google is launching 'switching tools' that, just as it sounds, will make it easier for users of other chatbots to switch to Gemini.
Bloomberg : CoreWeave raised an $8.5B loan from banks and investors to expand its cloud computing capacity, in what it says is the largest chip-backed debt
Bloomberg : A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of account hacks, includin
Anthony Halpin / Bloomberg : Russian space company Bureau 1440 says it launched 16 broadband internet satellites, an early operational step in a low-Earth
Mark Sullivan / Fast Company : ARC Prize Foundation unveils ARC-AGI-3, an AI benchmark with simple video-game-like scenarios designed to measure on-the-fly
Chance Miller / 9to5Mac : Apple discontinues the Mac Pro and says it has no plans to offer future Mac Pro hardware — It's the end of a
Apple Doubles Down on Hardware, Services With Revamped AI Strategy; Rare Bonuses - Bloomberg Apple: Apple’s Critical 2026 AI Reboot Tim Cook’s Likely Succes