OpenAI CEO Sam Altman recently said that the company is doing “well more” than $13 billion in annual revenue — and he sounded a little testy when pressed on how it will pay for its massive spending commitments. His comments came up during a joint interview on the Bg2 podcast between Altman and Microsoft CEO […]
Sam Altman says ‘enough’ to questions about OpenAI’s revenue Read More »
Elon Musk and Sam Altman are still taking swipes at each other on Musk’s social media platform X. While both men were founders at OpenAI, where Altman is CEO, they have subsequently sparred across social media, court filings, and corporate blog posts.The latest exchange began when Altman posted what he called “a tale in three
Elon Musk wants you to know that Sam Altman got a refund for his Tesla Roadster Read More »
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership
Everything you need to know about the AI chatbot Read More »
The Equity crew was live at TechCrunch Disrupt 2025! Hosts Kirsten Korosec, Max Zeff, and Anthony Ha took over the Builders Stage on Monday morning to kick off the event with the question everyone’s asking: are we in an AI bubble? Between valuations that have tripled in months, $300M seed rounds, and $100B commitments flying
Equity Live: From $300M seed rounds to data center builds, AI is feeling bubbly Read More »
Amazon’s cloud infrastructure service, Amazon Web Services (AWS), is on track to record its strongest year of growth in three years, fueled by the AI industry’s unprecedented demand for computing power. AWS is growing 20% year-over-year and ended the third quarter with $33.1 billion in sales through the first nine months of the year, Amazon
AWS exceeds Wall Street’s expectations as demand for cloud infra remains high Read More »
The biggest beneficiary of the ongoing AI boom, Nvidia has become the first public company to pass the $5 trillion market cap milestone. The company’s shares rose more than 5.6% on Wednesday to as much as $212.19, on the back of news on Wednesday that U.S. President Donald Trump said he expects to discuss the
Nvidia becomes first public company worth $5 trillion Read More »
OpenAI says its deep learning systems are rapidly advancing, with models increasingly able to solve complex tasks faster. So fast, in fact, that internally, OpenAI is tracking towards achieving an intern-level research assistant by September 2026, and a fully automated “legitimate AI researcher” by 2028, CEO Sam Altman said during a livestream Tuesday. The
Sam Altman says OpenAI will have a ‘legitimate AI researcher’ by 2028 Read More »
OpenAI on Tuesday said it had completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation. It’s the end result of a complex legal process that had been strenuously resisted by its estranged co-founder, Elon Musk. Under the new structure, the non-profit OpenAI Foundation will have legal control over
OpenAI completes its for-profit recapitalization Read More »
Paypal said on Tuesday that it is adopting a protocol in combination with OpenAI’s “Instant Checkout” feature to let users pay for their shopping directly within ChatGPT, starting in 2026. Paypal is adopting the Agentic Commerce Protocol (ACP), an open-source specification developed by OpenAI that lets merchants make their products available within AI apps, consequently
PayPal partners with OpenAI to let users pay for their shopping within ChatGPT Read More »
OpenAI is offering its ChatGPT Go plan available free of charge for one year to users in India who sign up during a limited promotional period starting November 4, as the company looks to expand in one of its top markets. On Tuesday, OpenAI announced the promotion but did not specify how long the offer
OpenAI offers free ChatGPT Go for one year to all users in India Read More »
