Ai Startup Sector

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Art by Mike Sullivan

China’s New AI Gold Rush: World Models

By Juro Osawa · Aug 5, 2026 6:00am PDT
When Hongyuan Lu finished his doctorate program in AI and engineering a year ago, he reached out to some investors to see if he could raise money for a startup to build world models, AI systems that can understand and simulate the physical world. But the investors, who were focusing on AI agent apps at the time, weren’t interested. This year,... When Hongyuan Lu finished his doctorate program in AI and engineering a year ago, he reached out...
Art by Getty Images; Mike Sullivan
AI Agenda

Music App Suno Nearly Quadruples Annual Recurring Revenue to $150 Million

By Stephanie Palazzolo · Oct 23, 2025 7:00am PDT · 1 comment
You can count the number of breakout consumer AI applications on the fingers of one hand. There’s OpenAI’s ChatGPT and…that’s about it, at least so far. Suno, which helps people create music using conversational prompts, isn’t yet a breakout—but it could be soon. The company is generating around $150 million in annual recurring revenue from... You can count the number of breakout consumer AI applications on the fingers of one hand. There’s...
Sam Altman, left, and Jensen Huang. Photos via Getty
AI Agenda

Nvidia and OpenAI’s Fates Get Even More Intertwined

By Anissa Gardizy · Sep 23, 2025 7:00am PDT · 1 comment
Larry Ellison might have thought his firm’s 4.5 gigawatt cloud deal with OpenAI was unmatched.That is, until he woke up on Monday morning to see OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang announcing something much bigger: data center plans that are more than double the size of Oracle’s. The numbers are quite staggering. If OpenAI and... Larry Ellison might have thought his firm’s 4.5 gigawatt cloud deal with OpenAI was unmatched....
Photo via Getty
The Briefing

Musk Solves X

By Martin Peers · Mar 28, 2025 3:38pm PDT · 2 comments
We have one less company called X to worry about. Elon Musk took a break from cutting costs in the federal government to reveal late Friday that he had merged his X social media platform into his xAI startup. It was a surprising but not completely unexpected move, one that removes any impediments to the two firms sharing resources—and should... We have one less company called X to worry about. Elon Musk took a break from cutting costs in...
Mira Murati. Photo via Getty.
The Briefing

Murati Joins Crowded AI Startup Sector

By Martin Peers · Feb 18, 2025 5:00pm PST
So much for the idea that the U.S. doesn’t have enough home-grown competitors in artificial intelligence. OpenAI’s former chief technology officer, Mira Murati, confirmed one of the AI world’s worst-kept secrets on Tuesday by revealing the name and team behind her new startup, Thinking Machines Lab. That news came a day after Bloomberg... So much for the idea that the U.S. doesn’t have enough home-grown competitors in artificial...