OpenAI

Oracle and OpenAI end plans to expand flagship data centre

Both companies are using Nvidia’s AI semiconductors at the Stargate site

Since late 2022, OpenAI has gone from effectively zero revenue to more than US$20 billion in annualised revenue in 2025.

OpenAI tops US$25 billion in annualised revenue, The Information reports

It is laying the groundwork for an IPO that could value it at up to US$1 trillion

“We just had the best earnings of earnings in the history of earnings,” CEO Jensen Huang says.

Nvidia CEO Huang rules out US$100 billion OpenAI investment

The chipmaking giant has contributed US$30 billion to a massive US$100 billion funding round for OpenAI last month

Nvidia is developing a new system for “inference” computing, a form of processing that allows AI models to respond to queries.

Nvidia plans new chip to speed AI processing, WSJ reports

NVIDIA plans to launch a new processor designed to help OpenAI and other customers build faster, more efficient AI systems, the Wall Street Journal reported on Friday, citing people familiar with the ...

OpenAI and Amazon have struck a deal in which OpenAI will utilise two gigawatts of computing capacity powered by Amazon’s in-house Trainium chips.

OpenAI’s US$110 billion funding round draws investment from Amazon, Nvidia, SoftBank

Big Tech companies and large tech investors are racing to forge partnerships with OpenAI

Microsoft-backed OpenAI expects more than US$280 billion in total revenue by 2030.

OpenAI expects compute spend of around US$600 billion through 2030: source

[MEXICO CITY] OpenAI is targeting roughly US$600 billion in total compute spend through 2030, a source familiar with the matter told Reuters on Friday (Feb 20), as the ChatGPT maker lays groundwork fo...

The first portion of the funding round will largely come from strategic investors, according to sources.

OpenAI funding on track to top US$100 billion in latest round: sources

The company’s pre-money value will remain US$730 billion, according to a source

The message from the financial markets is that SaaS companies need to move much faster. Incumbents in other industries who think time is on their side as they figure out a response to the AI threat should also take note. The stock market’s AI reckoning, when it comes, can be swift and brutal.

The great software stock meltdown

Sell-off may be overdone, but companies need to move faster to respond to AI