OpenAI says ChatGPT Ads reached a $1bn annualised run rate in under 200 days
The figure is OpenAI's own and covers annualised run rate rather than money booked. It still marks the fastest start any consumer ad product has had.
The Business of AI — Page 7
Funding rounds, acquisitions, revenue, enterprise adoption and the commercial strategy behind the companies building artificial intelligence.
SoundHound closes its LivePerson deal and folds the messaging platform into OASYS
The combination pairs a voice agent company with an enterprise messaging platform, and gives SoundHound a customer list that includes 25 of the Fortune 100.
Nscale seeks $3.5bn before its listing, on a backlog that doubled in a month
The British compute provider booked $33m of revenue in 2025. Its signed customer contracts now total $103bn, most of it a single six-year deal with Anthropic.
Anthropic's IPO launch slips to mid-October, with a $15bn credit line first
The delay is weeks, not quarters. But it compresses the run-up to what investors have described as a possible $2 trillion listing into the days before the US midterms.
Nvidia buys Hugging Face for $12.93bn and promises to keep it open
The chipmaker is buying the default distribution layer for open AI models. Jensen Huang says Nvidia compute will not be a condition of using it.