OpenAI CEO Sam Altman announced major price cuts for GPT-5.6 Luna and Terra, with an 80% drop for Luna to $0.20 per million input tokens and $1.20 per million output, and a 20% drop for Terra to $2 an…
Meta's stock tumbled 10% after it disclosed capital expenditure growth far outpacing revenue growth, with 98% of revenue still coming from its traditional ads business. EMARKETER senior analyst Minda …
OpenAI's ChatGPT ad business has reached $100 million in annual recurring revenue, but analysts at EMARKETER project the entire chatbot ads market will make less than $1 billion this year, casting dou…
TikTok is testing a managed services program in the US that will give it direct control over merchant operations including marketing, ads, and AI-generated content, charging a $10,000 flat fee plus 10…
IBM is on pace for its worst stock day ever after CEO Arvind Krishna warned of a quarterly performance shortfall due to customers redirecting spending toward AI infrastructure, reviving fears of a 'Sa…