OpenAI’s 2025 Financials Show a Company Scaling Faster Than It Profits
The leaked financial document circulated through Silicon Valley on Tuesday like a piece of evidence. It showed OpenAI’s 2025 results in precise, unflattering detail: revenue of $13.07 billion and research…
Anthropic’s Models Were Switched Off, and the Company Is Still Reeling
The letter arrived at 5:21 p.m. Eastern Time on Friday, June 12. It was from the U.S. Commerce Department, and it ordered Anthropic to stop allowing any foreign national to…
G7 Leaders Turn AI Into a Test of Sovereignty
The working lunch at the 52nd G7 summit in Evian-les-Bains was scheduled for a single course: artificial intelligence. Around the table in the French Alpine resort sat the leaders of…
OpenAI Burned $3.7 Billion in the First Quarter
The documents OpenAI shared with its shareholders in recent weeks tell a story of growth and cash consumption moving in lockstep. In the first three months of the year, the…
JPMorgan Raises AI Infrastructure Spending Forecast to $5.5 Trillion
Tarek Hamid and his team of credit strategists at JPMorgan have been revising one forecast upward for seven months. On Wednesday, they did it again, lifting their estimate of what…
AI’s Unlimited Era Ends as Token Taps Tighten
For two years, the pricing philosophy of the AI industry could be summarized in one word: more. Then the bills came due. AI companies are now raising API prices and…
Kazakhstan Bets $10 Billion on an AI Data Center
The signing ceremony took place in Ekibastuz, a coal-mining city in northeastern Kazakhstan known for one of the world’s largest power plants rather than for cloud computing. The government, the…
OpenAI’s $150 Million Bet on Partners Who Sell for It
The announcement, made Tuesday, was modest in form and large in intent. OpenAI said it is launching a partner network with an initial investment of $150 million, offering training, technical…
SoftBank and OpenAI Take AI Security to Japanese Companies
Masayoshi Son has spent years telling investors that AI will change everything. On Tuesday his company began selling that argument to Japanese corporations, one vulnerability at a time. SoftBank Group,…
DeepSeek Closes Record $7 Billion Round With Unusual Terms
The announcement had been expected for months; the terms had not. DeepSeek said Tuesday it has completed its first external funding round of more than $7 billion, roughly 50 billion…
