Business — page 34
Reddit rallies as AI-driven ad targeting lifts revenue outlook
Reddit shares climbed after the company pointed to AI-powered advertising as the engine behind a stronger-than-expected forecast.
Pentagon signs Nvidia, Microsoft, AWS to put AI on classified networks
The Defense Department adds four more vendors after the Anthropic dispute, deploying models inside IL6 and IL7 environments.
HPE and Oak Ridge pitch sovereign AI factories at EmTech AI
Chris Davidson of HPE and Arjun Shankar of Oak Ridge argued data control is now a strategic asset for governments running national AI.
Pentagon awards classified AI contracts to OpenAI, Google, Nvidia — Anthropic shut out
The Defense Department signed seven AI vendors for classified use and labeled Anthropic a supply-chain risk after a fight over autonomous weapons.
ChatGPT Images 2.0 finds its biggest audience in India, not the US
OpenAI's new image model logged 5M downloads in India during launch week versus 2M in the US, but global engagement barely moved.
Apple Mac Mini sold out for 'several months' as coders flood in for local AI
Tim Cook says agentic AI adoption is outpacing Apple's forecasts, draining Mac Mini inventory after OpenClaw turned the desktop into a cheap AI box.
Apple Mac revenue hits $8.4B as local AI workloads catch the company off guard
Tim Cook says Mac mini and Mac Studio supply will stay tight for several months as buyers run models like OpenClaw on-device.
Legora hits $5.6B valuation as Nvidia joins legal AI fight against Harvey
NVentures led a $50M extension to Legora's $550M Series D after the Swedish startup crossed $100M ARR — closing the gap with Harvey's $11B mark.
NVIDIA wraps OpenClaw in NemoClaw as autonomous agents push inference 1,000x higher
OpenClaw hit 250,000 GitHub stars in 60 days. NVIDIA is now hardening it for enterprises with NemoClaw, OpenShell and Nemotron models.
Salesforce is letting 18,000 customers steer its AI roadmap, week by week
Agentforce's parent company has dropped quarterly planning cycles in favor of weekly customer meetings to keep pace with shifting AI capabilities.
Amazon Bets Graviton and Tranium on Anthropic to Crack Open the AI Chip Market
The cloud giant is using its Anthropic partnership to validate custom silicon, echoing Microsoft's Azure playbook with OpenAI.
Anthropic Hits $30B Run Rate, Surges Past OpenAI as Amazon Adds $5B
The Claude maker has scaled from $1bn to $30bn in annual run rate in 16 months, eclipsing OpenAI's $25bn while accepting fresh Amazon backing.
AWS Launches OpenAI Models on Bedrock as Microsoft Exclusivity Ends
OpenAI's frontier models and Codex agent platform arrive on Amazon Bedrock one day after the Microsoft Azure exclusivity deal lapses.
BioticsAI clears the FDA after building its ultrasound copilot for under $100,000
Robhy Bustami's startup, a 2023 Startup Battlefield winner, can now sell into hospitals after January's FDA nod.
X starts phased rollout of an AI-rebuilt ad platform as revenue ticks up
eMarketer pegs X's 2026 ad revenue at $2.46B, up from $2.26B in 2025 but still half of Twitter's 2021 peak.
Meta's business AI hits 10M weekly conversations, up 10x since January
Zuckerberg signals paid tier ahead as Meta's free messaging assistants scale across WhatsApp, Instagram, and Facebook.
SoftBank lines up Roze AI, a robot-built data center venture, for a $100B IPO
The Japanese conglomerate wants to take Roze AI public as soon as the second half of 2026, with autonomous robots assembling US server farms.
Anthropic weighs $50B round at up to $900B, more than double February's mark
Preemptive bids land at $850B–$900B as run-rate revenue jumps from $9B to $30B in four months. A board decision is expected in May.
AWS grows 28% to $37.6B as Amazon's free cash flow craters 95%
Andy Jassy says the AI revenue run rate at AWS now sits above $15B, but capex spending is gutting near-term free cash flow.
Google Cloud clears $20B in Q1 but says it can't keep up with demand
Revenue rose 63% year-over-year and the backlog doubled to $462B, but Sundar Pichai told analysts the business is compute-constrained.
Microsoft says Copilot has crossed 20M paid seats with engagement matching Outlook
Satya Nadella told investors Copilot queries per user rose nearly 20% quarter over quarter, and Accenture just signed for 740,000 seats.
Nadella says Microsoft will 'exploit' royalty-free OpenAI access through 2032
Microsoft's AI run rate hit $37B, up 123% year-over-year, as the CEO shrugs off concerns about OpenAI's new Amazon deal.
Meta loses another $4B on Reality Labs as AI capex balloons past $125B
Reality Labs has now bled $83.5B since 2021, even as Meta projects up to $145B in 2026 infrastructure spending.
Google adds 25M paid subscriptions in Q1, hits 350M total
YouTube Premium and Google One drive subscription growth as YouTube ad revenue misses Wall Street's $9.99B target by $110M.
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