ChatGPT’s European Free Users Will See Ads as OpenAI Opens a Third Revenue Line
The screens of millions of European ChatGPT users are about to change. Free-tier and Go-plan subscribers across the continent will begin seeing advertisements later this month, according to ppc.land, which…
Harvard’s $2.2 Billion SpaceX Stake Shows Endowments Now Hold What They Once Flipped
The 13F filing that Harvard University’s endowment submitted this month listed a familiar name among its largest holdings: SpaceX. The position, valued at roughly $2.2 billion, was reported by Bloomberg…
Hedge Funds Trade Pure Semiconductors for AI Applications in Second-Quarter Filings
The 13F filings that arrived last month describe a coordinated shift. Stanley Druckenmiller’s fund added to its positions in Amazon and AMD during the second quarter while selling or eliminating…
OpenAI’s New ‘Ultrafast’ Mode Runs GPT-5.6 at 14 Times Normal Speed
The complaint from enterprise customers has been consistent for two years: the models are powerful, but they are slow. OpenAI addressed that complaint head-on on Aug. 13, introducing an Ultrafast…
Reddit Joins the S&P 500, and Its Shares Jump More Than 11%
The announcement came Aug. 14 from S&P Dow Jones Indices, and the market responded in a single word: demand. Reddit’s shares rose more than 11 percent on the day the…
AMD Sells $4.75 Billion in Bonds, Its Largest Offering Yet
SUNNYVALE, Calif. — The offering documents hit the market on Aug. 13 with a settlement date of Aug. 17, and within a day the raise was done: Advanced Micro Devices…
Musk Holds 48.4% of SpaceX, Worth More Than $900 Billion
A regulatory filing published Aug. 14 lays out the ownership of the most valuable private company in the world in cold numbers: as of June 30, Elon Musk held 48.4…
Databricks Raises $5 Billion at $190 Billion Valuation, Led by Coatue
Databricks asked for $1 billion. It left the table with five times that, and a valuation to match. The company announced Aug. 14 that it closed a $5 billion funding…
OpenAI Names Dali Rajic Chief Revenue Officer, Its Second in a Year
OpenAI has a new sales chief, again. The company announced Aug. 14 that Dali Rajic, former president and chief operating officer of the cybersecurity firm Wiz, will become chief revenue…
SpaceX Completes $60 Billion All-Stock Deal for Cursor Maker Anysphere
The deal was announced in mid-June and closed in two months, an unusually short window for a transaction of its size. On Aug. 14, SpaceX said it completed its all-stock…
