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75 OpenAI Execs Tout Ad Progress at Cannes

The Information
Ann Gehan @ The Information 2 place · today 13:55 EDT

OpenAI’s ad chief Dave Dugan said at Cannes this week that around 20% of ChatGPT queries have a “direct commercial intent,” demonstrating that a user is looking to buy a specific product. A greater proportion of queries, he said, extend beyond requests for specific products and signal that the ...

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Laura Bratton @ The Information · 06/16/2026 15:13 EDT

As AI spending has eaten into corporate budgets, generating concern over rising costs at Fortune 500 firms from Uber to ServiceNow and Snowflake, some companies are beginning to throttle employees’ usage. The latest is AT&T, which has begun limiting some employees’ access to Microsoft’s Github Copilot, according to a person at the company. In a more striking example, Meta is also limiting employees’ AI spending on services from Anthropic and... Read more

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The Information
Aaron Holmes @ The Information · 06/16/2026 16:29 EDT

The $12 billion valuation that Cyera snagged in a $600 million fundraise announced last week shows how hungry investors were for the cybersecurity startup’s AI-focused pitch. The five-year-old startup sells software that can protect companies’ data from hackers equipped with increasingly powerful AI tools—a threat highlighted by Anthropic’s warnings about the cyber capabilities of its Mythos model.For the VC fund Cyberstarts, the Cyera round gives it more bragging rights after... Read more

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The Information
Leo Schwartz @ The Information · 06/16/2026 17:07 EDT

The U.S. government’s latest battle with Anthropic has revived long-simmering concerns throughout the AI industry that the White House has placed a bullseye on their reliance on foreign AI talent. The Trump administration appears to have targeted only Anthropic so far, warning the company on Friday in a letter from Commerce Secretary Howard Lutnick that it would need a license to make its latest models available to “foreign persons,” including... Read more

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The Information
Erin Woo @ The Information · 06/16/2026 19:26 EDT

OpenAI burned through $3.7 billion in the first quarter, more than half its $5.7 billion in revenue, according to documents the company shared with shareholders. Both cash burn and revenue tripled from the same period the previous year, signaling how even with strong AI demand, making money from AI continues to be challenging. The company ended the quarter with more than $73 billion in cash and marketable securities, compared with... Read more

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The Information
Martin Peers @ The Information · 06/16/2026 20:00 EDT

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Juro Osawa @ The Information · 06/17/2026 04:49 EDT

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The Information
Kevin McLaughlin @ The Information · 06/17/2026 09:01 EDT

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Catherine Perloff @ The Information · 06/17/2026 10:00 EDT

For companies debating which AI server chips to use in their data centers, Amazon appears to have one advantage over Nvidia: price. The cost of using Amazon’s Inferentia2 and Trainium’s second generation chips to run existing AI models, known as inference, can be 80% lower than Nvidia’s H100 chips, for comparable workloads, according to Karol Piatek, who advises companies on their AI infrastructure at Ireland-based consultancy Co Driver Labs. A... Read more

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Cory Weinberg @ The Information · 06/17/2026 11:00 EDT

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