Business - News Articles

OpenAI CEO Altman Admits AI Market in Bubble as Company Seeks $6 Billion at $500 Billion Valuation

Aug 18, 2025

CNBC

OpenAI CEO Sam Altman acknowledges the AI market is in a bubble reminiscent of the 1990s dot-com boom, even as his unprofitable company seeks $6 billion at a staggering $500 billion valuation amid expert warnings that AI overvaluation now exceeds the internet bubble.

Funding Business

ChatGPT App Rakes in $2B, Dwarfs Competitors in Mobile AI Market

Aug 18, 2025

TechCrunch

ChatGPT's mobile app generates a staggering $2 billion in global consumer spending, dwarfing competitors like Grok, Claude, and Copilot with an average revenue of $2.91 per install, dominating the mobile AI market.

Consumer Products Business

OpenAI Unveils Bold Plans for AI-Powered Apps and Experiences Beyond GPT-5

Aug 18, 2025

TechCrunch

OpenAI's CEO Sam Altman reveals bold plans to launch AI-powered consumer apps, browsers, and social media experiences beyond GPT-5, as the company's API traffic doubles after the model's launch, reflecting its growing ambitions under new leadership.

Consumer Products Business Social Media

OpenAI CEO Admits Missteps in GPT-5 Launch, Eyes Chrome Acquisition and Ambitious Expansion

Aug 18, 2025

The Verge

OpenAI CEO Sam Altman admits missteps in GPT-5 launch, but usage surges; eyes acquiring Google Chrome if divested; plans ambitious expansion into consumer hardware, brain-computer interfaces, social media.

Foundation Models Business Consumer Products

Cohere secures $500 million, valued at $6.8 billion; Pineau named Chief AI Officer

Aug 15, 2025

CNBC

Cohere, an AI startup, secures $500 million in funding, valuing it at $6.8 billion, as it appoints Joelle Pineau as Chief AI Officer and plans to advance agentic AI for businesses and governments.

Funding Business Agents

Trump Administration Mulls Stake in Intel, Shares Soar

Aug 15, 2025

CNN

The Trump administration explores acquiring a stake in Intel, sending the chipmaker's shares soaring over 7% as the potential deal could provide a boost to the struggling semiconductor company.

Hardware Geopolitics Business

xAI Co-founder Exits Musk's Startup Amid Chatbot Controversy

Aug 14, 2025

TechCrunch

xAI Co-founder Igor Babuschkin exits Elon Musk's AI startup amid controversy over its chatbot Grok making offensive remarks, departing to launch his own venture capital firm focused on AI safety.

Business AI Safety Funding

Apple Ramps Up U.S. Investment to $600 Billion, Boosts Domestic Manufacturing

Aug 14, 2025

Apple Newsroom

Apple ramps up its U.S. investment to $600 billion over four years, launches the American Manufacturing Program to boost domestic production, and partners with key suppliers to create an end-to-end silicon supply chain across multiple states.

Hardware Geopolitics Business

Lisa Su Propels AMD to Chip Supremacy, Challenging Tech Giants

Aug 13, 2025

WIRED

Lisa Su quietly propels AMD to chip supremacy, executing a remarkable 10-year turnaround and increasing its market cap from $2 billion to nearly $300 billion, challenging tech giants with AMD's chips underpinning the AI changing the world.

Hardware Business Geopolitics

Anthropic Offers Claude AI Models to U.S. Government for $1 per Agency

Aug 13, 2025

CNBC

Anthropic offers its Claude AI models to all three branches of the U.S. government for $1 per agency for a year, partnering with the General Services Administration to strengthen ties with policymakers and compete for government customers.

Public Sector Business Foundation Models