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OpenAI's business just crossed a milestone it didn't expect to reach until year-end: enterprise now generates more revenue than the ChatGPT-led consumer business, CFO Sarah Friar told investors on Friday. Friar said the two revenue lines "have now crossed," with enterprise accounting for the majority of OpenAI's revenue — months ahead of the company's own forecast.
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SpaceX has closed its $60 billion all-stock acquisition of Cursor, the largest startup acquisition on record, confirmed in an SEC filing Friday. The paperwork was the easy part. The hard part starts now: keeping the developers who made Cursor the most trusted tool in AI coding while its name disappears under the Grok moniker. The deal is closed — here's the shape of it SpaceX finalized its acquisition of Anysphere, the company behind Cursor, with the closing confirmed via an SEC Form 8-K.
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OpenAI's co-founder is stepping out of the shadows as the company gears up for an expected IPO, and Meta filed a patent for glasses that would build facial-recognition highlight reels of your dinner party. Greg Brockman is "in founder mode" and getting more involved across every level of OpenAI, working to build out a leadership team ahead of an expected IPO, Axios reported Friday.
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SpaceX just closed the largest startup acquisition on record, folding AI coding tool Cursor into a new SpaceXAI division with the brand set to fade into Grok — and co-packaged optics officially hit the mass-production phase of the AI buildout. SpaceX finalized its $60 billion all-stock acquisition of Anysphere, the company behind Cursor, confirmed via an SEC Form 8-K — the largest startup acquisition on record.
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Two enterprise moves set the tone today: IBM is putting tens of thousands of consultants behind OpenAI's models, and a startup founded by a former OpenAI researcher just banked several hundred million yuan to chase physical AI. IBM announced Thursday it is building a dedicated OpenAI practice inside IBM Consulting, training tens of thousands of consultants to deploy OpenAI's models for the world's largest companies.
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Two stories this morning about what the AI era is doing to the software economy's old guard: Canva's own backers just cut billions off its valuation, and Meta's Superintelligence Lab is losing one of its most expensive hires to a startup. Canva's two biggest backers have revalued the design giant at $34.9 billion, down from $42 billion in 2025, in the sharpest insider signal yet that AI competition is repricing even the most successful software incumbents.
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Humanoid robotics gets its first public-market stress test this month, and retail investors just showed up in record numbers — even as the analysts watching the deal wonder whether the machines can actually earn their keep. Unitree Robotics' Shanghai STAR Market IPO closed its retail subscription more than 5,000 times oversubscribed in the online tranche — a 0.018 percent lot-winning rate, roughly one allotment per 5,500 applications — with Bloomberg's tally at 5,526 times and Reuters…
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AMD went to the debt market for the biggest raise in its history this week, and investors lined up — the latest sign that the AI buildout is now financed with bonds as much as with equity. AMD priced $4.75 billion in investment-grade bonds Thursday — the largest bond offering in the company's history — to fund its accelerating AI infrastructure push.
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The AI buildout's earnings parade keeps producing record quarters — and the market keeps asking for more. Applied Materials delivered its best-ever results Thursday and raised its outlook, and its stock still slipped. Applied Materials posted record fiscal third-quarter revenue of $9.12 billion, up 25% year over year, as AI demand for chipmaking equipment overwhelmed supply — then guided fourth-quarter revenue to roughly $10.25 billion, up 51% from a year earlier and ahead of analyst…
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The AI buildout is entering its financing chapter: Vantage Data Centers is weighing a roughly $100 billion listing, three rival operators are queued behind it, AMD just raised $4.75 billion in debt, and Micron's venture arm opened a $250 million fund for AI startups. Vantage Data Centers has held early talks about an initial public offering that would value the operator at roughly $100 billion — a listing Reuters reports would be the largest the data center industry has produced.
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OpenAI's business just crossed a milestone that reframes its IPO math: the company is now generating revenue at an annualized pace above $40 billion — roughly double its run rate at the end of last year. OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, roughly doubling the run rate it finished 2025 with, Bloomberg reports, citing people familiar with the matter.
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OpenAI is shipping the memory feature that turns your computer's activity into assistant context — and it's designed to avoid the privacy blowup that sank Microsoft's version. Also: Microsoft quietly retires its Clippy-like mascot. OpenAI launched Computer History, an opt-in feature for ChatGPT and Codex on macOS that turns your activity across apps and websites into memories and a timeline.