Over the past year, the running joke in the data center industry—even inside OpenAI—has been that the $500 billion Stargate initiative was less of a master plan than a “vibe.”My reporting this weekend showed how little Stargate resembles the $500 billion effort touted at a White House event just over a year ago. Stargate now has no staff, nor does it have any obvious role in data center development. It... Read more ›
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Before we get into today’s column, Friday’s story from Sri and I confirmed what many had been hypothesizing since OpenAI’s release of GPT-5 in August: ChatGPT’s growth hasn’t been as strong as OpenAI hoped.The story is more nuanced, obviously. The chatbot has hit new highs in terms of weekly active users—910 million, to be exact as of earlier this month. But OpenAI leaders had hoped to hit 1 billion WAUs... Read more ›
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OpenAI unveiled long term partnerships with consulting groups McKinsey & Company, Accenture, Boston Consulting Group, and Capgemini aimed at promoting its “Frontier” software for managing AI agents to businesses, in OpenAI’s latest shot at enterprise software firms. The offering will compete ... Read more ›
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Since launching in 2020, SpaceX’s Starlink satellite internet service has quickly eclipsed its rocket launch business to become its biggest source of revenue, and, investors hope, a significant cash generator in coming years. But recent efforts to maintain user growth have increasingly turned Starlink into a competitor to mass-market telecom firms selling internet access, rather than the premium service SpaceX CEO Elon Musk initially envisioned. Starlink has cut hardware and... Read more ›
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Nvidia is planning to release a new chip in the first half of this year for consumer laptops and desktops in collaboration with Taiwanese chip designer MediaTek, The Wall Street Journal reported. PC makers such as Dell Technologies and Lenovo Group are working on products using the chip, which ... Read more ›
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Before we get to what’s coming this week, let’s take a moment to honor the company that has honed the power of magical thinking. That would be OpenAI, whose latest long term revenue and profit projections we reported on Friday night here. The most important element of the report was that in 2025, the cost of running AI models quadrupled, so the company’s gross margin fell to 33%, which is... Read more ›
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When President Donald Trump announced the $500 billion Stargate AI data center project in January 2025, the three companies charged with developing it promised to move with lightning speed, spending $100 billion almost immediately to start building 10 gigawatts of computing capacity. More than a year later, the Stargate joint venture has not staffed up and is not developing any of OpenAI’s data centers, according to three people involved in... Read more ›
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OpenAI CEO Sam Altman called the concept of putting data centers in space right now “ridiculous,” taking aim at rival Elon Musk’s argument for why he is taking the merged SpaceX-xAI public. “It will make sense some day,” Altman said, speaking at an event in India. He added that “the very rough ... Read more ›
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Reddit’s explosive revenue growth of the past two years turbocharged the company’s stock after its 2024 initial public offering, lifting it nearly 700% to its highs of around $270 last fall. That rally was markedly different from the tepid performance that similarly sized social media companies such as Snap and Pinterest endured after their public debuts in 2017 and 2019, respectively. In hindsight, that’s not surprising. Reddit’s IPO turned out... Read more ›
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President Donald Trump called on Netflix to kick former Biden administration official Susan Rice off its board, “or pay the consequences.” His comments came after Rice said on a podcast that if Democrats win control of the House of Representatives this fall “there will be an accountability ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: A radical bet on a totally different type of longevity cure • The Top 5: The best home sauna tech• Plus, Recommendations—our weekly pop culture picks: “The Secret World of Roald Dahl,” “Vigil” and “Love Story”Judging strictly by appearances, anyone who is anyone in tech is looking to carve out a niche for themselves in AI. The smart ones are asking themselves... Read more ›
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The tech world is a realm that enjoys obsessing over the newest things: the vibe coding apps, the orchestrating agents, the driverless cars. It also enjoys modernizing the very ancient. The latest example: saunas, which are believed to have existed in some form or another since the Stone Age. They’ve been popular gathering points since the Romans embraced bathing as a public pastime, and lately, there’s been a boomlet in... Read more ›
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OpenAI recently raised its outlook for revenue for the next five years, predicting it would generate about 27% more than previously forecast from sales of its ChatGPT subscriptions and other business lines, The Information reported Friday. But it warned it will burn more than twice as much cash ... Read more ›
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OpenAI recently hiked its revenue outlook for the next five years, predicting that it would generate about 27% more than previously forecast from sales of its ChatGPT subscriptions, AI models, and newer business lines such as advertising and hardware, according to financial forecasts. But it warned it will burn more than twice as much cash through 2030 than previously predicted, as it spends $665 billion on the costs of running... Read more ›
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Anthropic’s unveiling of Claude Code Security, a new cybersecurity tool, sent cybersecurity stocks plunging—the latest part of the software sector to be hit by anxieties about AI disruption. Anthropic’s new tool detects vulnerabilities in software to help security teams defend against hackers ... Read more ›
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Xbox CEO Phil Spencer and Xbox president Sarah Bond are both stepping down from their roles and leaving Microsoft, the company announced Friday. Spencer will be replaced by Asha Sharma, who was president of Microsoft’s CoreAI division, which makes AI tools for developers. Sharma previously ... Read more ›
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OpenAI is developing an AI-powered smart speaker with a camera that will be able to take in information about its users and their surroundings, The Information reported on Friday. The speaker, which will likely cost between $200 and $300, will also allow people to buy things by identifying them ... Read more ›
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In Silicon Valley, some quests for the fountain of youth have most definitely won the backing of tech’s leading names. Sam Altman, OpenAI’s CEO, personally invested $180 million to launch Retro Biosciences, which is working on ways to rejuvenate aging cells. CoinBase’s Brian Armstrong co-founded NewLimit, which has raised over $200 million for a similar pursuit from investors that include Peter Thiel’s Founders Fund. And Jeff Bezos reportedly helped bankroll... Read more ›
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Shares of e-commerce stocks like Amazon and Shopify rose Friday after the Supreme Court struck down tariffs imposed by the Trump administration. Shopify shares were up more than 5% midday, and Amazon rose around 2%. Investors had been worried that new tariffs would result in higher prices for ... Read more ›
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OpenAI has more than 200 people working on a family of AI-powered devices that will include a smart speaker and possibly smart glasses and a smart lamp, according to a person with knowledge of the plans. New details are starting to emerge about the group and its development strategy. The smart speaker—the first device OpenAI will release—is likely to be priced between $200 and $300, according to two people with... Read more ›
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03.05.2026 05:00
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