Business

OpenAI Hits $10 Billion in Annual Recurring Revenue as ChatGPT Fuels Growth

💰🤖 OpenAI has reached $10 billion in annual recurring revenue, up sharply from $5.5 billion last year, driven largely by...

Amazon to invest more than $20 billion in Pennsylvania to expand cloud and data center infrastructure

Amazon said it will invest over $20 billion in Pennsylvania to grow its data center footprint and strengthen the infrastructure...

Nvidia CEO Says UK Must Build AI Infrastructure to Match Its World-Class Talent

Nvidia CEO Jensen Huang says the UK has outstanding AI talent and a strong startup ecosystem, but still lacks the...

UK FCA and Nvidia to launch AI testing sandbox for financial firms in 2025

The UK’s Financial Conduct Authority is teaming up with Nvidia to introduce a Supercharged Sandbox in October 2025, giving financial...

Getty Images and Stability AI clash in landmark UK copyright trial

📸⚖️ Getty Images and Stability AI are set to face off in a landmark UK court battle over copyright and...

Taskrabbit CEO Ania Smith on AI, automation, and the future of gig work

🛠️🛋️ Taskrabbit CEO Ania Smith discusses AI, automation, and what they mean for gig workers in an interview that offers...

Amazon’s Panos Panay Slows Device Launches to Focus on Alexa+ Quality

Panos Panay, now leading Amazon’s devices and services unit, is prioritizing quality over volume by reducing the pace of product...

Mistral AI Lands $100M-Plus Multi-Year Contracts as It Expands Computing Infrastructure

Mistral AI has signed commercial deals valued at more than $100 million each over three to five years, while also...

Trump–Musk Rift Clouds xAI’s Push to Raise $5B in Debt

Elon Musk’s public clash with Donald Trump is adding uncertainty to xAI’s fundraising efforts as the AI startup looks to...

ByteDance Replaces TikTok Shop US Leaders With China-Linked Executives After Sales Miss Target

🛍️🇨🇳 ByteDance has replaced part of TikTok Shop’s US team with China-linked executives after the business ended 2024 with about...