OpenAI generated $4.3 billion in revenue during the first half of 2025 but posted a net loss of $13.5 billion, according to financial disclosures to shareholders reported by TechInAsia based on coverage by The Information. More than half of the loss stems from the remeasurement of convertible interest rights. Research and development costs dominated expenses …
OpenAI has entered into agreements valued at approximately $1 trillion to secure the computing power required for its artificial intelligence models. These commitments far exceed the company’s current revenue, as Tabby Kinder and George Hammond report for the Financial Times. The deals involve major technology companies such as Nvidia, AMD, Oracle, and CoreWeave. Over the …
AI company Anthropic plans to triple its international workforce and expand its applied AI team fivefold next year. The move is a response to soaring global demand for its Claude family of AI models. MacKenzie Sigalos reports for CNBC. According to the company, nearly 80 percent of Claude’s activity now comes from outside the United …
Software company Atlassian has agreed to purchase The Browser Co., maker of AI-powered web browsers, for $610 million in cash. The deal is expected to close by December, according to a report by Jordan Novet for CNBC. The Browser Co., founded in 2019, developed two browsers competing against Google Chrome and Apple Safari. Its Arc …
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 …
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 …
Analyst firm Gartner forecasts that global spending on generative AI will reach $644 billion in 2025, representing a 76.4% increase from 2024. According to the report detailed by Sean Michael Kerner in VentureBeat, hardware will account for approximately 80% of this spending, with devices alone claiming $398.3 billion. John Lovelock, distinguished VP analyst at Gartner, …
OpenAI has closed a historic $40 billion funding round, marking the largest private tech investment ever recorded. The deal, led by SoftBank with a $30 billion commitment, values the ChatGPT maker at $300 billion, placing it among the world’s most valuable private companies alongside SpaceX ($350 billion) and ByteDance. The investment syndicate includes Microsoft, Coatue, …
Google owns 14 percent of AI startup Anthropic, according to legal filings obtained by The New York Times. As reported by Cade Metz, Nico Grant, and David McCabe, Google’s investment comes with significant limitations: the tech giant cannot own more than 15 percent of the company and holds no voting rights or board seats. The …
Ilya Sutskever’s secretive AI company Safe Superintelligence (SSI) has reached a valuation of $30 billion in its latest funding round. According to reporting by Berber Jin and Deepa Seetharaman from The Wall Street Journal, the company is raising approximately $2 billion from investors. Sutskever, who previously served as OpenAI’s chief scientist and helped develop ChatGPT, …