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Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing
Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing
...and just like that, the massive AI CapEx boom "excess demand" narrative is in doubt...
The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand.
The company has recently told investors its revenues were approaching $50bn on an annualized basis at the end of September, far short of the $70bn reported by the FT and other media outlets...
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Jul 31, 2026 / Tyler Durden
China-Focused Influence Program Courted Senior US Media Figures With Sponsor-Paid Trips
China-Focused Influence Program Courted Senior US Media Figures With Sponsor-Paid Trips
Authored by Arthur Zhang via The Epoch Times,
A journalist's review of Committee of 100 (C100) records has renewed scrutiny of sponsor-paid trips that brought senior figures from major U.S. news organizations to China and recorded changes in their views and professional plans.
A tour guide stands near a display showing images of people at locations described as vocational training centers in southern Xinjiang at the Exhibition of the Fight Against Terrorism and Extremism in Urumqi in the Xinjiang Uyghur Autonomous...
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Jul 10, 2026 / Tyler Durden
Trump Refuses To Sign Landmark Housing Bill In Protest Over Stalled Elections Legislation
Trump Refuses To Sign Landmark Housing Bill In Protest Over Stalled Elections Legislation
President Donald Trump declared Friday morning that he won't sign the sweeping bipartisan housing bill awaiting action on his desk in protest of the Senate's failure to pass his signature elections legislation. Unless the president issues an outright veto by midnight, however, the housing package will become law Saturday without his signature.
President Donald Trump attends an event to mark the launch of "Trump Accounts" in the Oval Office at the White House in Washington, D.C., July 6,...
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Sep 24, 2026 / Tyler Durden
Nvidia CEO Jensen Huang Just Torched Doomsday AI Bros, Says STFU About Existential Risk Or Shut It Down
Nvidia CEO Jensen Huang Just Torched Doomsday AI Bros, Says STFU About Existential Risk Or Shut It Down
The CEOs behind frontier AI keep talking like bystanders - warning seemingly daily about 'existential risk, runaway superintelligence, and competitive pressure' that's totally out of their control, so they need big brother to help slow them down.
Jensen Huang isn't buying it.
In an interview on The Ezra Klein Show this week, the Nvidia CEO took what the labs call an existential threat and turned it back into a question of product liability and whether...
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