OpenAI’s Ad Business Passes $1 Billion Annualized Revenue
OpenAI disclosed on August 31 that its advertising business, ChatGPT Ads, has reached $1 billion in annualized revenue, a figure confirmed by CNBC and Reuters. The number is notable for…
Samsung Unveils CUBE Memory Strategy With HBM5 Performance Targets
At SEMICON Taiwan on September 1, Samsung Electronics laid out its next generation of memory products under the banner CUBE, disclosing specific performance targets for the first time: HBM5, the…
a16z Expands Growth Fund to $8.5 Billion, Doubling Down on AI
Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, has expanded its fifth growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion the fund raised at…
AI’s Move From Chatbot to Operator Puts Productivity Claims to Work
Inside a European financial institution, a cluster of software agents now spends its working hours simulating the institution’s entire decision structure. Each agent competes with the others, filtering noise and…
Italian Buyout Firm Nextalia Closes 1.1 Billion Euros, Shunning the AI Crowd
The fundraising memo made no mention of artificial intelligence. For Nextalia, the Milan-based private equity firm, that was the point. The firm said this month that its second flagship buyout…
AWS Puts OpenAI, Anthropic and Meta Models Inside Government Cloud
A procurement officer at a U.S. federal agency logs into a cloud console that, until recently, offered only a narrow menu of approved artificial intelligence tools. The new menu includes…
SB Energy Dangles $5.5 Billion in Warrants to Keep OpenAI as a Tenant
The filing reads less like an IPO prospectus and more like a courtship document. In the draft registration statement SB Energy submitted for its planned stock market debut, the SoftBank-owned…
AI Labs Snap Up Tens of Thousands of Macs for Agent Training
They arrive without screens, keyboards or mice, bare aluminum boxes stacked on pallets in warehouses near AI laboratories. The machines are Mac minis and Mac Studios, and OpenAI and other…
SK Hynix CEO Sees Memory Shortage Running to 2030
In the cleanrooms where SK Hynix etches memory chips, the machines are running flat out, and the chief executive says they will be for years. Kwak Noh-jung, who runs the…
Cloud Giants Capture Nearly Half of AI Revenue, Barclays Says
For every $100 an AI model company collects, roughly $35 to $40 flows out the door to Amazon, Microsoft and Google. That is the arithmetic at the center of a…
