OpenAI has significantly improved the profit margins on its paid products this year, even as the company struggles to turn an overall profit. The ChatGPT creator now retains 70 percent of revenue after covering the computing costs for paying customers, according to a report in The Information. Mark Bergen reports for Bloomberg that OpenAI’s “compute …
OpenAI aims to raise up to 100 billion dollars in a new funding round that could value the startup at 830 billion dollars. Kate Clark and Berber Jin report for The Wall Street Journal that the company needs this capital to fund its expansion. This fundraising effort comes at a time when the initial public …
The banking giant HSBC has signed a deal with the French artificial intelligence company Mistral. The partnership will give HSBC access to Mistral’s generative AI models. Ortenca Aliaj reports for the Financial Times that the collaboration reflects a broader trend of traditional lenders adopting new technologies to boost productivity and lower costs. HSBC and Mistral …
The AI music platform Suno has raised $250 million in a new funding round, bringing its valuation to $2.45 billion. Kristin Robinson reports for Billboard, citing an investor pitch deck that outlines the company’s rapid growth and future plans. Suno claims its users create a volume of music equivalent to Spotify’s entire catalog every two …
Financial documents from artificial intelligence startups Anthropic and OpenAI reveal two vastly different business strategies. Berber Jin reports for The Wall Street Journal that Anthropic is on a path to become profitable much faster than its larger rival by taking a more cautious approach to growth. The documents, which were shared with investors, show that …
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 …