OpenAI CEO Sam Altman recently told some shareholders that the artificial intelligence developer is considering changing its governance structure to a for-profit business that OpenAI’s nonprofit board doesn’t control, according to a person who heard the comments. One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, this person said. Such a change could open the door to... Read more ›
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We’re living in a world of AI-powered news. No, I don’t mean large-language models are writing news reports—just the opposite. In tech business news, at least, AI is the thread that runs through most everything nowadays. Apple’s AI presentation on Monday drove this week’s news cycle, while the other big story of the week, Tesla’s shareholder vote over Elon Musk’s pay, also had AI as a subtext—specifically his involvement in... Read more ›
0
In their hunt for artificial intelligence investments, U.S. venture capitalists are looking past Silicon Valley at foreign AI startups, betting that locally developed large-language models will outperform imports from the U.S. The latest to win their affections is Sakana AI, a Tokyo-based large-language model developer. Founded last year by alumni of Google’s DeepMind, Sakana is raising around $100 million in a new financing co-led by New Enterprise Associates and existing... Read more ›
20
“Can we stay on strawberries for a minute?” Vinod Khosla asked me. About halfway into our hour-long conversation with Vinod Khosla on “More or Less” this week, we found ourselves deep in the topic of artificial intelligence–generated strawberries. (I wanted to talk about media owners protecting their intellectual property, but alas, no one was game!) It became a case study in one of the biggest debates we have on this... Read more ›
2
Founders usually create startups to make money for themselves and their investors—or to change the world and protect humanity, as some of them say in their more grandiose moments. For Aleph Alpha, an artificial intelligence startup in Germany, those things mattered too, but its founders had another, more tribal motivation: to make sure Europe doesn’t get left in the dust by a hegemonic U.S. AI industry. For Jonas Andrulis, CEO... Read more ›
3
It’s been a big few weeks for executive hires across the artificial intelligence sector, as two leading large-language model developers hired their first chief financial officers. OpenAI tapped former Nextdoor CEO Sarah Friar—who earlier in her career was CFO of Square (now called Block)—while Anthropic went with Krishna Rao, former CFO of athletic apparel company Fanatics, who earlier in his career held a senior position at Airbnb. Both hires are... Read more ›
0
Over the past several years, many big consumer brands have dabbled in influencer marketing as they sought to figure out how effective it was. Now curiosity is giving way to real commitments. Fanta, the fruit-flavored soda owned by Coca-Cola, has in the past spent little on creators. But that’s changed, and in late April, the soda brand revived its “Wanta Fanta” jingle from the early aughts by hiring a group... Read more ›
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We’ve got good news and bad news on the story that has dominated Tesla coverage for weeks, the shareholder vote on Elon Musk’s pay package. The good news is we have a decision—as Musk posted late Wednesday, shareholders approved his $46 billion pay package. The bad news, at least for those shareholders hoping for a resolution, is that the vote doesn’t mean Musk will get paid. In fact, he may... Read more ›
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For the last two years, we’ve broken a lot of news about cloud giants Microsoft and Google elbowing out traditional venture firms to invest huge sums in artificial intelligence startups that are also their customers. A similar dynamic is playing out in hardware startups.Samsung, the second-largest smartphone maker in the world, is leading a round of at least $300 million in Tenstorrent, a Toronto-based AI chip company helmed by CEO... Read more ›
0
The Cannes Lions International Festival of Creativity, the swanky advertiser conference in the south of France, is kicking off next week—for the first time with an official creator presence.Last year a few well-known creators including Emma Chamberlain and Alex Cooper appeared on stage. This year’s event will feature a lot more top creators, as well as full days of creator-focused panels and networking events. There will be a “headquarters” for... Read more ›
0
The biggest question our team has faced upon reporting OpenAI’s revenue growth in the past year or so was whether Microsoft was a critical contributor to the startup’s sales. Most people we talked to had assumed Microsoft was, but the definitive answer is actually “No.”While Microsoft sells OpenAI models to its own Azure cloud customers, the ChatGPT maker seems to be doing just fine selling the subscription version of its... Read more ›
7
The battle for advertising dollars in television used to be dominated by networks like CBS and NBC. Now the most intense competition may be between newer tech entrants—Google’s YouTube, Amazon’s Prime Video and Netflix. Less than six months after launching ads on its Prime Video streaming service, Amazon has made a deep impression on the ad market. The flood of ad slots on Prime Video is putting downward pressure on... Read more ›
0
Since they began seriously building electric vehicles around 2020, Western automakers have stubbornly clung to nickel-based batteries despite their relatively high cost and vulnerability to supply chain snarls. But in a growing shift, more Western players are moving to lower-cost iron-based batteries, which are likely to be the world’s dominant EV battery chemistry by 2026, according to a new report. Read more ›
1
What a difference a snazzy presentation makes! Apple regained its status as the most valuable company for a few hours on Wednesday as its stock rallied for the second day in a row following its Monday artificial intelligence revelations. By day’s end, though, investors seemed to realize they’d gone overboard. Apple stock fell back from its highs, while shares of Microsoft—which arguably has a stronger AI story to tell, given... Read more ›
0
Hiring is a perennial headache for creators. Most rely on recommendations from other creators or use their own social media accounts to spread the word. Complicating matters is that often they’re looking for short-term help or people with a specific skill set, such as experts in YouTube thumbnail design.Roster, a hiring website that officially launched on Wednesday, is focused on helping creators and businesses hire behind-the-camera talent, ranging from video... Read more ›
1
OpenAI has more than doubled its annualized revenue to $3.4 billion in the past six months or so, OpenAI CEO Sam Altman has told staff, a sign that growth in the ChatGPT developer’s business is accelerating despite intensifying competition. Annualized revenue—a measure of the past month’s revenue multiplied by 12—was $1.6 billion in late 2023, The Information previously reported, and about $1 billion last summer. That rapid growth reflects how... Read more ›
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Trustees for bankrupt fintech Synapse are still hunting for $85 million in lost customer money. But that hasn’t stopped the company's former chief executive Sankaet Pathak from raising millions in funding for a new robotics venture, Foundation. He’s already got a $10 million commitment from Tribe Capital, an early-stage venture firm, according to a person with direct knowledge of the financing. Tribe’s co-founder Arjun Sethi co-founded the humanoid and robotics... Read more ›
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When Apple on Monday showed off the artificial intelligence that will soon land in some of our iPhones, some developers praised the company for running many of the new features directly on the iPhone, rather than in the cloud as other companies do. Like Apple, which has made user privacy and security central to its marketing, these developers say they’re also concerned about privacy.Apple’s on-device model is a small language... Read more ›
0
Tech companies may soon be on a shopping spree, as the world adjusts to high interest rates and companies start looking for ways to juice growth. And for investors inclined to make a bet on potential targets, they need not go much further than two enterprise tech firms: GitLab and DocuSign. That’s our conclusion from wading through numerous publicly traded software firms identified by Wall Street analysts, and after talking... Read more ›
1
Talk about fighting for crumbs. Microsoft and OpenAI announced Tuesday that they’ll tap Oracle’s cloud servers for “additional capacity for OpenAI.” That counts as great news for Oracle, sending its stock up 9% in after-hours trading. Investors overlooked the fact that Oracle also reported Tuesday that its cloud revenue growth slowed by several percentage points from the previous quarter, to 20% in the three months ended May 31. The slowdown... Read more ›
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14.06.2026 22:44
Last update: 22:35 EDT.
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