The fledgling ChatGPT advertising network reached $100 million in annualized revenue in just two months since its launch.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Is it possible Citrini underestimated the dopamine rush Millennials get when they use credit card points to book a “free” flight to Bali?
The 35-year-old company previously made money mostly by licensing its designs to other players in the chip ecosystem.
The agentic AI platform has gone viral since its initial launch as users scooped up Mac Minis en masse to run the open-source tech 24/7.
Change is the universal constant and even the Magnificent 7, being reshaped by AI upheaval, isn’t immune. Here’s what you should know.
The startup struck a “multiyear strategic partnership” with Nvidia, which also made a “significant investment,” the two announced Tuesday.
ChatGPT users are ghosting the OpenAI chatbot and sliding into the DM’s of Anthropic’s Claude after CEO Sam Altman’s Pentagon deal.
Backing from Nvidia and Amazon made it the latest circular deal, in which money-losing AI startups are being financed by their own customers.
Transactions like these, where the interests of suppliers, customers and investors all seem to become one big loop, raise plenty of eyebrows.
Anthropic is insisting that its AI shouldn’t be used for surveillance or the development of automated weapons.
Boosted by OpenAI returns, SoftBank swung to a $1.6 billion profit last quarter after losing $2.4 billion in the same quarter last year.
Both companies announced capex projections that blew past consensus expectations, but only Meta seemed to rebuff the Wall Street wariness.
Claude Code promises to create any type of software — from analyzing specific data sets to building websites and editing photos.
Artificial intelligence companies Anthropic and OpenAI have already taken early steps toward an IPO, The New York Times recently reported.
In PwC’s recent Global CEO Survey, just 12% of top bosses said AI has delivered both cost and revenue benefits for their organizations.
Andreessen Horowitz has avoided some AI investment trends, like putting money toward the booming construction of AI data centers.