Amir Efrati

OpenAI recently missed an internal revenue goal, according to a person with knowledge of the situation, after the company’s ChatGPT chat previously missed user-growth goals.The revenue shortfall followed a surge or usage of Google’s Gemini chatbot and booming sales at archrival Anthropic, whose revenue has nearly closed the gap with OpenAI despite being founded five years later.OpenAI CEO

AI server chip maker Advanced Micro Devices said Tuesday that its revenue growth would accelerate eight percentage points to 46% in the current quarter, after rising 38% to $10.3 billion in the first quarter. Shares rose 16% in after-hours trading.Sales of AMD’s AI graphics processing units are boosting its growth as cloud providers and developers such as Meta and Microsoft agree to purchase

Broadcom’s stock dropped 2% following a report in The Information about an $18 billion financing snag in the chipmaker’s custom AI processor deal with OpenAI. Shares have partly recovered since then.Broadcom has stipulated it will only finance the initial phase of production if Microsoft agrees to purchase roughly 40% of the newly designed processors. But while Microsoft has earmarked data

Anthropic and OpenAI are widening the revenue gap between themselves and the rest of the AI startup field. A group of 34 leading startups in that sector, including Anthropic and OpenAI, is generating nearly $80 billion in annualized revenue, or $6.6 billion per month, from selling AI ...

Nvidia’s revenue grew 85% in the three months ended in April, 12 percentage points higher than the blistering growth the AI chip designer reported in the January quarter. It projected revenue would grow 95% in the current fiscal quarter, suggesting that the AI boom is far from peaking. The current-quarter results would mark the fourth consecutive quarter of sales-growth acceleration.To put

The White House is nearing a deal with Anthropic that allows the National Security Agency and other U.S. spy agencies to use the company’s advanced AI models for classified work, according to the New York Times. The deal talks come despite the Defense Department designating the company as a “supply chain risk” earlier this year, after the two entities clashed over whether existing contractual

Catholic Pope Leo XIV on Monday weighed in on hot-button AI policy debates, publishing a treatise describing the church’s concerns about AI development and its current and potential societal harms. His post, Magnifica Humanitas (“Magnificent Humanity”) , which runs more than 42,000 words, offers a blueprint for “safeguarding the human person in the time of artificial intelligence” and lends

On New Year’s Day, OpenAI leaders would have been happy to hear that the company’s monthly revenue would rise more than 50% over the first five months of 2026, roughly in line with the projections it previously shared with investors. But they’re not likely to feel that way now: That pace looks ...