Chris Malone, OpenAI's head of data centers, has left the company after joining in March 2025, marking another high-profile executive departure amid several others this year. Malone played a key role in overseeing OpenAI's infrastructure plans, including a $600 billion compute investment target by 2030. His exit comes as OpenAI faces growing scrutiny over data center expansion and prepares for a planned IPO in 2027. Despite the departures, OpenAI leadership says the company remains well-equipped to execute its ambitious plans.
Nvidia reported quarterly revenue that more than doubled, driven by strong demand for its AI chips, and forecasted third-quarter revenue above Wall Street estimates. The company expects about 70% revenue growth by fiscal 2028 and announced expanding ...
Meta's stock has declined by 10% recently despite the S&P 500 rising, but its improving ad-ranking algorithms and network effects are driving growth in ad impressions and prices. The company holds a strong AA- credit rating with a stable outlook. Sha...
Anthropic has told investors its potential revenue could reach $30 trillion, roughly equal to the US GDP, but this figure represents the total addressable market, assuming it captures 100% of it. Analysts estimate Anthropic's actual revenue this year...
Snap stock fell 7% after Pennsylvania sued it over Snapchat's effects on children, reversing a prior 7% gain. Meanwhile, Meta agreed to settle a 29-state teen social media addiction lawsuit for up to $16.7 billion, causing only a slight 0.4% stock dr...
Meta Platforms has reached a bipartisan agreement with 52 US state attorneys general to implement strict protections for teens on Instagram and Facebook, including daily time limits, night mode blocks, muted notifications during school hours, and enh...
