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OpenAI Revenue Jumps to $10 Billion in Third Quarter

OpenAI has told investors that revenue jumped nearly 50% to $10 billion in the third quarter, rebounding from a period of slower growth as demand for its more recent models and enterprise products picked up, according to a person familiar with the matter. The company shared some financial metrics with investors during a call on Tuesday as it seeks to close a new fundraising round at a $1.25 trillion valuation. The growth is higher than the 17% gain in the second quarter from the first and 2.6...

Nvidia Board Hires Wachtell for Independent Investigation of CEO Relationship

The decision comes after CEO Jensen Huang admitted to an extramarital affair with a woman alleged to be a Chinese intelligence asset.

OpenAI Acquires AI Travel Agent Odessia

Odessia uses AI to help users plan and book travel. Its founder will be joining OpenAI to focus on “the future of travel.”

Anthropic Launches New Workplace Software, Sending Microsoft Shares Tanking

Microsoft shares fell more than 3.5% following the announcement Tuesday before paring some losses.

Anthropic Discloses Over $10 Billion in New Deals with Microsoft, Google; Says Lambda Deal May Be Cancelled

The new disclosures show how Anthropic remains hungry for additional computing power to train and run its AI models.

SoftBank Writes Off $3.7 Billion on Advance Payments for Data Center Projects

SoftBank said the writedowns reflected a review of projects, without giving details.

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Stablecoin Card Startup Rain Launches Vaults for AI Agents

Rain’s vault product will compete with Stripe, a major provider of payment infrastructure for agents.

Anthropic Sets Lower than Expected Valuation, Seeks to Raise $90 Billion in IPO

The IPO valuation is slightly lower than what investors initially expected.

Anthropic’s Outside Counsel Sent Banks Wrong Documents Before Launching IPO

Anthropic is expected to start marketing its IPO Tuesday.

President Trump Says FBI is Probing Nvidia CEO’s Relationship with Chinese National

Trump and Huang have had a close relationship during the president’s second term.

Anthropic Releases New Frontier Models as IPO Nears

The AI company released its first new frontier models since CEO Dario Amodei called for a slowdown in AI development for safety.

Nvidia Shares Fall 4% as Broadcom and AMD Rise

The inquiry casts a huge shadow over Jensen Huang's future at Nvidia, which has played a central role in the rapid advance of AI technology in the past few years.

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Google Announces New TPUs It Says Are More Powerful and Secure

The new chips were designed to handle sensitive and agentic workloads, company says.

Nvidia Board Is Launching Investigation After Reporting That CEO Targeted By Chinese Informant

The independent investigation comes after The New York Times reported that Jensen Huang had ties to a woman who American officials believed was passing along information to Beijing.
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