OpenAI narrows Anthropic's lead among business users, Ramp finds
New data from corporate-card firm Ramp shows OpenAI closing the gap with Anthropic among U.S. business customers, though Anthropic still leads overall.
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462 storiesThe Enhanced Games' steroid-fueled spectacle posts a nearly $62 million loss
Enhanced Group, the telehealth company behind the performance-enhancing-drug sports event the Enhanced Games, reported a net loss of nearly $62 million for the quarter, mostly tied to hosting the event.
Travis Kalanick reignites VC criticism: '1% are helpful'
Uber founder Travis Kalanick, now raising money for his robotics company Atoms, said on a podcast that only about 1% of VCs are genuinely helpful to founders, reviving his long-running feud with Benchmark.
Peacock raises prices across all its streaming plans
Peacock is raising prices on all three of its plans, up to $3 more per month, effective August 18 for new subscribers.
Daniel Ek's Neko Health to open first US office in New York
Neko Health, the body-scanning startup co-founded by Daniel Ek, will open its first US office in Manhattan on September 24.
Anthropic's annualized revenue run rate surges past $65B
Anthropic's annualized revenue run rate surpassed $65 billion at the end of July, up from $47 billion in May and $9 billion at the end of last year, Bloomberg reported.
IBM partners with OpenAI to expand its enterprise AI consulting push
IBM announced a partnership with OpenAI on Thursday to bring OpenAI's models and tools to more enterprise clients through IBM Consulting, deepening competition for corporate AI spending.
OpenAI hires new CRO as executive shake-up continues
OpenAI replaced chief revenue officer Denise Dresser after nine months, naming former Wiz president Dali Rajic as its new sales chief amid a broader leadership shake-up.
Brad Lightcap to leave OpenAI to start something new
OpenAI's longtime COO Brad Lightcap is leaving the company to "start something new," the latest in a string of executive departures as OpenAI preps for an IPO.
OpenAI reportedly completed a $7 billion tender offer for staff
OpenAI reportedly bought back $7 billion in employee shares, a deal Bloomberg says valued the company at $852 billion, matching its March funding round.
Jeff Bezos in talks to buy a stake in Liverpool FC
Jeff Bezos is reportedly seeking to buy at least a 30% stake in English soccer club Liverpool at a £1.35 billion valuation, alongside investors including Eduardo Saverin.
Rippling built an AI-spending dashboard after burning through its budget on tokens
HR software provider Rippling built an "AI Spend Console" after finding it was on track to burn 40% of its R&D headcount budget on AI tokens, and has since cut that to about 15%.
TikTok lays off 250 employees, closes its Nashville office
TikTok is laying off 250 employees and closing its Nashville office, which housed part of its content-moderation team, on October 5.
Lucid delays affordable Cosmos EV to 2027 amid CEO shake-up
Lucid Motors delayed its sub-$50,000 Cosmos SUV by almost a year to the second half of 2027, as new CEO Silvio Napoli overhauls leadership and cuts costs to avoid repeating past quality problems.
Shopify says AI search boosts sales, doesn't replace Google
Shopify said AI-driven traffic and orders to its stores tripled year-over-year in Q2, even as traditional search traffic kept growing too.
Robinhood to list a second fund giving retail investors a stake in Y Combinator startups
Robinhood plans to list Robinhood Venture Fund II, expected to begin trading August 13 and aiming to raise as much as $200 million to invest in current and former Y Combinator startups.
Musk outpaced his own executives' claims on SpaceX's first earnings call
On SpaceX's first earnings call as a public company, CEO Elon Musk repeatedly went further than his executives' own carefully hedged projections on Starlink, compute revenue, and Starship.
Lucid's turnaround bets on $1.4B in savings and its robotaxi program
Lucid Motors said its "operational reset" will cut $1.4 billion in cash while betting on robotaxis, a Saudi Arabia factory, and a delayed mid-size EV to reach profitability.
SpaceX has bought $329M in Tesla Megapacks so far this year
SpaceX spent $295 million on Tesla Megapack battery storage in the second quarter and $329 million so far this year, according to its earnings report.
SpaceX revenue nearly doubles on Starlink growth and AI compute deals
SpaceX said total sales grew 92% to $7.8 billion in Q2, driven by Starlink growth and new AI compute-rental deals with Anthropic and Google.