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Business — page 26

OpenAI logo
Business

OpenAI signs Malta deal to give every resident free ChatGPT Plus access

Malta becomes the first country to roll out ChatGPT Plus nationwide, as OpenAI courts sovereign customers in Europe.

Jaeden Schafer4 min read
OpenAI logo
Business

OpenAI explores legal action against Apple over ChatGPT integration

Insiders say OpenAI expected billions in subscriptions from the Siri tie-up; instead, the deal is straining and renegotiation has stalled.

Jaeden Schafer5 min read
OpenAI logo
Business

OpenAI reorganizes under Greg Brockman with four product pillars to chase agents

Brockman officially takes product as OpenAI merges ChatGPT and Codex into a single agentic platform ahead of a potential IPO.

Jaeden Schafer4 min read
Lake Tahoe loses its power supplier to Nevada's AI data center boom
Business

Lake Tahoe loses its power supplier to Nevada's AI data center boom

Liberty Utilities' contract with NV Energy expires May 2027, and data center load requests dwarf the resort region's needs by 40x.

Jaeden Schafer4 min read
OpenAI logo
Business

Greg Brockman takes over OpenAI products as ChatGPT and Codex merge

OpenAI is folding ChatGPT, Codex, and its API into one product team ahead of a planned IPO filing later this year.

Jaeden Schafer4 min read
Pennsylvania residents organize against 60 proposed data centers at virtual town hall
Business

Pennsylvania residents organize against 60 proposed data centers at virtual town hall

A two-hour online forum drew 225 attendees and aimed criticism at Gov. Josh Shapiro as a Quinnipiac poll finds 68% oppose local AI data centers.

Jaeden Schafer5 min read
Runway bets video generation is the path to world models at $5.3B valuation
Business

Runway bets video generation is the path to world models at $5.3B valuation

The New York startup added $40M in ARR in Q2 2026 and is pivoting from filmmaker tools to world models that compete with Google's Genie.

Jaeden Schafer5 min read
China's short drama studios shift to AI, pumping out 470 new shows a day
Business

China's short drama studios shift to AI, pumping out 470 new shows a day

FlexTV halted traditional shoots, Kunlun Tech lists 1,000 AI titles, and production costs fall up to 90% as generative video reshapes a $6.9B industry.

Jaeden Schafer5 min read
NV Energy to cut power to Lake Tahoe by May 2027 as Nevada data centers absorb capacity
Business

NV Energy to cut power to Lake Tahoe by May 2027 as Nevada data centers absorb capacity

Liberty Utilities must replace 75% of its supply for 49,000 California residents while Nevada plans for 5,900 megawatts of new data center demand.

Jaeden Schafer5 min read
Microsoft logo
Business

Microsoft cancels Claude Code licenses, pushes engineers to Copilot CLI

After six months of internal Claude Code use, Microsoft's Experiences + Devices group is winding down access by June 30 — the last day of its fiscal year.

Jaeden Schafer4 min read
OpenAI logo
Business

OpenAI weighs legal action against Apple over buried ChatGPT integration

Bloomberg reports OpenAI has hired outside counsel as the June 2024 Siri tie-up falls short of revenue projections.

Jaeden Schafer5 min read
Richard Socher's Recursive Superintelligence exits stealth with $650M
Business

Richard Socher's Recursive Superintelligence exits stealth with $650M

The You.com founder and DeepMind's Tim Rocktäschel are betting on open-endedness to crack recursive self-improvement.

Jaeden Schafer5 min read
Cerebras prices IPO at $5.5B, then stock doubles in first-day trading
Business

Cerebras prices IPO at $5.5B, then stock doubles in first-day trading

Shares opened at $385 against a $185 IPO price, valuing the Nvidia challenger at $56.4B fully diluted.

Jaeden Schafer5 min read
Anthropic logo
Business

Anthropic and Gates Foundation commit $200M to deploy Claude in global health and education

The four-year program covers grants, Claude credits, and engineering support across health, life sciences, education, and economic mobility.

Jaeden Schafer5 min read
Foxconn Q1 profit jumps 19% on AI server demand, beating forecasts
Business

Foxconn Q1 profit jumps 19% on AI server demand, beating forecasts

The world's largest contract electronics maker is riding the AI buildout, with Q1 earnings outpacing analyst estimates.

Jaeden Schafer4 min read
Nvidia logo
Business

US clears Nvidia H200 chip sales to 10 China firms

The license carve-out marks the first major softening of Biden-era export controls on Nvidia's high-bandwidth AI accelerators bound for China.

Jaeden Schafer4 min read
Campbell Brown's Forum AI builds expert benchmarks to grade frontier models
Business

Campbell Brown's Forum AI builds expert benchmarks to grade frontier models

The former Meta news chief raised $3M to test how ChatGPT, Gemini and rivals handle geopolitics, hiring and mental health.

Jaeden Schafer5 min read
SK Hynix nears $1 trillion market value as AI memory demand surges
Business

SK Hynix nears $1 trillion market value as AI memory demand surges

The Korean memory maker is closing in on a milestone reached only by a handful of companies, powered by HBM orders from AI chipmakers.

Jaeden Schafer4 min read
Clio hits $500M ARR as Anthropic muscles into legal AI with Claude for Legal
Business

Clio hits $500M ARR as Anthropic muscles into legal AI with Claude for Legal

The Canadian law-firm software vendor has more than doubled revenue in a year, but its core model supplier is now also a rival.

Jaeden Schafer4 min read
TSMC projects global chip market to reach $1.5 trillion by 2030 on AI demand
Business

TSMC projects global chip market to reach $1.5 trillion by 2030 on AI demand

The world's largest contract chipmaker says AI workloads are the primary engine pushing semiconductor revenue past the trillion-dollar mark this decade.

Jaeden Schafer4 min read
Nvidia logo
Business

Jensen Huang's foundation buys $108M of CoreWeave compute, donates it to researchers

The Nvidia CEO's foundation is routing eight-figure GPU capacity from CoreWeave to academic AI researchers rather than commercial customers.

Jaeden Schafer4 min read
Microsoft logo
Business

Microsoft scouts startup deals to hedge its OpenAI dependence

Reuters reports Microsoft is in talks with multiple AI startups as it prepares for a future less tied to OpenAI's roadmap.

Jaeden Schafer4 min read
Hugging Face's Sasha Luccioni launches Sustainable AI Group with ex-Salesforce chief
Business

Hugging Face's Sasha Luccioni launches Sustainable AI Group with ex-Salesforce chief

Luccioni and Boris Gamazaychikov are betting enterprise buyers will pay for emissions transparency the big model labs won't provide.

Jaeden Schafer5 min read
Origin Lab raises $8M to broker video game data to world-model labs
Business

Origin Lab raises $8M to broker video game data to world-model labs

Lightspeed leads a seed round for a marketplace pairing game studios with AI labs training models on physical-world dynamics.

Jaeden Schafer4 min read
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