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OpenAI’s advertising effort is so new that the company is still working out the kinks in it. That hasn’t stopped it from setting ambitious aims for the business, which it expects to become the largest driver of its revenue by the end of the decade.
OpenAI expects advertising to generate about $2.4 billion in revenue this year and to quadruple next year, to nearly $11 billion, according to financial forecasts from the first quarter, which haven’t previously been reported. A year ago, the company forecast it
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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ServiceNow reported 22% growth in revenue for the first quarter, to $3.77 billion, a faster rate of growth than what the enterprise software firm reported for the fourth quarter. But ServiceNow’s stock plummeted more than 13% in after-hours trading, possibly a response to the company’s ... Read more ›
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OpenAI is in discussions to invest up to $1.5 billion in a private equity joint venture called DeployCo, according to a person with knowledge of the effort. The ChatGPT maker is in talks to invest $500 million initially in DeployCo, which is expected to be valued at $10 billion. OpenAI has the ... Read more ›
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Tesla’s earnings calls are usually freewheeling affairs, with pulsating electronic music and wildly optimistic projections from CEO Elon Musk, who often likes to crack crude jokes and giggle. Today was different. Instead of the typical sci-fi rhapsodies about self-driving vehicles taking over the world and robots solving poverty, Musk spent much of the call talking about constraints on his vision for Tesla. For example, when asked when production would start... Read more ›
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Chinese tech giants Tencent and Alibaba are in talks to invest in DeepSeek, the AI upstart that recently started fundraising for the first time, The Information reported on Wednesday. DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, is now seeking to raise funding at a ... Read more ›
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Netflix said its board had authorized a new $25 billion stock buyback program. The new program follows a 13% slide in Netflix’s stock price since its first quarter earnings disappointed investors a week ago. The video streaming stock has never recovered the levels it was trading at last fall, ... Read more ›
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Major insurers including Berkshire Hathaway, Chubb and Travelers are taking steps to cut AI-related damages from corporate insurance policies, and U.S. state regulators are giving them the green light. Insurers are trying to get ahead of risks from companies that use generative artificial intelligence to automate tasks, stoked by the fast pace of model improvements. Executives at major insurance brokers, including Aon, Gallagher and Lockton, say that if insurers make... Read more ›
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29.04.2026 12:24
Last update: 12:16 EDT.
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