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NEA’s Tiffany Luck says enterprises are still figuring out their AI ROI

17 June 2026 at 21:17
Tokenmaxxing was the hottest trend in Silicon Valley earlier this year, with CEOs encouraging employees to push AI usage as far as it would go. Then the bill came due. Uber reportedly blew through its annual AI budget in a few months, some companies cut Claude licenses for parts of their org, and Meta killed its internal leaderboard.  This tension between […]

Leaked financial docs show OpenAI is losing billions of dollars a year

16 June 2026 at 17:18

As OpenAI files SEC paperwork ahead of an expected initial public stock offering, newly leaked financial documents show a company with quickly growing revenues that are currently being overwhelmed by even larger expenses.

The audited financial statements, obtained by independent journalist Ed Zitron, show OpenAI's reported revenue growing from $3.7 billion in 2024 to $13.07 billion in 2025. The Financial Times, which reviewed the same documents, writes that the company's monthly revenues had grown to nearly $2 billion by the end of 2025, suggesting that its ongoing revenue rates continued to grow throughout the year.

R&D expenses alone still easily outpace OpenAI's quickly growing revenues. Credit: Ars Technica

But the company's fast-growing revenues are still dwarfed by its even more significant expenses. OpenAI's total revenues in both of the last two years were outpaced by research and development alone, which grew from a $7.81 billion line item in 2024 to a massive $19.18 billion cost in 2025. Those numbers seem to reflect the significant costs OpenAI incurred in training new models and include $10.59 billion in R&D costs paid to Microsoft alone in 2025.

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ChatGPT Hits 1 Billion App Users As AI Trust Concerns Persist

14 June 2026 at 17:00
ChatGPT’s estimated 1 billion monthly app users show how quickly generative AI has moved into everyday workflows, but enterprise buyers still need proof of trust, governance, security controls, and measurable productivity.

The future of Hollywood isn’t feeding prompts into vanilla gen AI models 

An illustration of a young woman standing on a bed. The woman is grimacing and engulfed in a flaming aura.
Concept art from Dear Upstairs Neighbors that used to train custom builds of Google’s Veo and Imagen models. | Image: Google DeepMind

For all the noise that's been made about how generative AI is poised to revolutionize the filmmaking industry, there haven't really been any projects created with the technology that felt like the sort of entertainment people would pay to see. Most AI firms' video models are still only capable of churning out short bursts of visually inconsistent footage. And some of Hollywood's biggest AI partnerships have suddenly evaporated in ways that make it seem like studios might not be able to rely on the new technology coming out of Silicon Valley. For the most part, short-form video slop appears to be the only thing that major production houses ar …

Read the full story at The Verge.

SpaceX, Anthropic, and OpenAI’s hot IPO summer

12 June 2026 at 17:23
The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]
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