The latest around generative AI as a whole. Stay up-to-date about current discussions and trends, new findings, and more.
OpenAI has achieved $10 billion in annual recurring revenue, nearly doubling its performance from $5.5 billion last year. The milestone comes less than three years after launching ChatGPT. The revenue figure encompasses consumer ChatGPT subscriptions, business products, and API services, but excludes Microsoft licensing deals and large one-time contracts, according to an OpenAI spokesperson. Despite …
OpenAI is challenging a federal court order that requires the company to preserve all ChatGPT user data indefinitely, including conversations users have deleted. The order stems from an ongoing copyright lawsuit filed by The New York Times against OpenAI and Microsoft. U.S. Magistrate Judge Ona Wang issued the preservation order on May 13, 2025, after …
AMC Networks has become the first major cable television company to formally partner with AI startup Runway, according to a report by Steven Zeitchik for The Hollywood Reporter. The deal will see AMC use Runway’s artificial intelligence technology for two primary purposes: generating marketing images and creating pre-visualization content for shows before production begins. The …
The $1.5 billion AI startup Builder.ai has filed for bankruptcy after revelations that it used human developers instead of artificial intelligence. Vinay Patel reports for International Business Times that the company’s supposed AI system was actually operated by 700 Indian programmers pretending to be automated bots. Builder.ai raised over $450 million from prominent investors including …
OpenAI and former Apple design chief Jony Ive have announced a major partnership that will see OpenAI acquire Ive’s hardware startup io in an all-stock deal valued at nearly $6.5 billion. The acquisition marks OpenAI’s largest purchase to date and signals the company’s serious ambitions to enter the hardware space. According to a joint statement …
A group of Lloyd’s of London insurers has launched a specialized insurance product to cover companies against losses caused by malfunctioning AI tools. As reported by Lee Harris and Melissa Heikkilä in the Financial Times, the policies developed by Y Combinator-backed startup Armilla will pay for damages and legal fees if companies face lawsuits due …
Perplexity AI is integrating PayPal to enable direct purchases within its chat interface. According to MacKenzie Sigalos from CNBC, U.S. customers will soon be able to book travel, buy products, and secure concert tickets without leaving the platform. PayPal will handle payment processing, shipping, tracking, and invoicing through one-click purchases with passkey checkout. This move …
Klarna is changing its customer service strategy by reintroducing human representatives after previously touting its AI chatbot as a replacement for 700 workers. According to Kristen Doerer from CX Dive, the buy now, pay later company now wants customers to always have the option to speak with a human. Klarna’s CEO Sebastian Siemiatkowski acknowledged in …
OpenAI has announced a significant reversal in its restructuring plans, stating that its nonprofit arm will retain control over the company’s operations even as it transitions its for-profit division to a public benefit corporation (PBC). This announcement represents a major shift from the company’s earlier intentions to convert more fully to a for-profit structure. In …
A new study by researchers from Cohere, Stanford, MIT, and Ai2 alleges that LM Arena, the organization behind the Chatbot Arena AI benchmark, provided preferential treatment to major AI companies. According to Maxwell Zeff’s TechCrunch report, companies like Meta, OpenAI, Google, and Amazon were allowed to privately test multiple model variants and only publish scores …