Canva Inc. cut its 2026 revenue-growth forecast from 30% to 20% because its AI features cost far more to run than expected, prompting a rebuild with in-house models and task-level routing that reporte…
Anthropic generated $11.5 billion in revenue in Q2 2026, surpassing OpenAI's $6.7 billion for the first time and achieving its first positive adjusted operating income, according to internal documents…
Kaelyn Voss, a key sales executive at OpenAI, has resigned, following Chief Revenue Officer Denise Dresser's departure about a week earlier, marking a clean sweep of the top sales organization within …
Venture capital firm Benchmark's Everett Randle calls the fast-growing market where AI labs pay human experts to teach models the 'Task Economy,' predicting it will become the next $1 trillion categor…
Nvidia Corp. on Thursday (Aug 20) denied a report by The Information that it plans to begin shipping a language processing unit (LPU) tailored for Chinese customers by year-end, saying it has no China…
Nvidia plans to ship a new AI chip designed for China by the end of 2026, according to The Information. The chip, based on language processing unit technology licensed from Groq, targets AI inference …
Nvidia publicly corrected a report by The Information, saying it contained inaccurate claims about the Groq 3 Language Processing Unit and Nvidia's strategic intentions, including speculation about re…
XAI's Grok chatbot has been sending gibberish responses to some users, with one user receiving the message "match it without and your they and two for planets can practical and often cheese…" after as…
Baidu's market capitalization fell to roughly $31 billion after its shares dropped 12.73% to $90.87 on August 18, following second-quarter results that showed a 68% net income decline to Rmb 2.3 billi…
Anthropic, the AI company behind Claude, is creating a new class of super-voting shares for CEO Dario Amodei and its co-founders ahead of a potential IPO in September or October 2026, with Goldman Sac…
OpenAI is expanding ChatGPT ads to Europe, building its ad business on user consent from the start, as detailed in a new EU privacy policy posted on Friday (August 14). The company will ask users for …
Stripe has agreed to acquire OpenRouter for $7 billion, a deal that values the AI model-routing startup at roughly 50 times its $140 million annualized revenue. OpenRouter, which facilitates 250 trill…
The Information reports that Cami Clark, wife of Anthropic CEO Dario Amodei, has been a key behind-the-scenes figure at the AI company, serving as Amodei's emotional ballast during its growth and clas…
NVIDIA Corp. is in talks to invest up to $3 billion in SB Energy, a SoftBank Group subsidiary building a 10-gigawatt AI data center campus in Ohio for OpenAI, according to The Information. The propose…
In April 2026, Fortune reported that an employee at Meta built an internal leaderboard ranking colleagues by AI token consumption, drawing on usage from more than 85,000 employees and displaying the t…
Nvidia is in talks to invest up to US$3 billion in SB Energy, a SoftBank Group subsidiary developing a planned Ohio data centre project for OpenAI, according to The Information. The investment is part…
OpenAI's audited financials, reported by the Financial Times, show 2025 spending of roughly $34 billion against $13 billion in revenue, with a net loss of $38.5 billion including a one-time restructur…
Anthropic's annualized revenue surpassed $47 billion by May 2026, up from about $9 billion at the end of 2025, and a Series H round valued the company near $965 billion, according to Reuters. The comp…
Architect Capital founder James Sagan, a minority investor in OnlyFans, said in an interview with The Information that the adult creator platform is 'probably the least-likely platform to be disrupted…
Databricks closed a $5 billion funding round at a $190 billion valuation, with CEO Ali Ghodsi stating that AGI has already arrived and the model race is over, emphasizing that companies owning data co…