Trending Now - Openai and Qualcomm: Bold Moves in AI and Tech Investments
WHO:
Fast Company - OpenAI, Anthropic, Dario Amodei (CEO of Anthropic), Sam Altman (CEO of OpenAI), Sarah Friar (CFO of OpenAI), Harrison Rolfes (PitchBook senior private company analyst), Daniel Keum (Columbia Business School professor).
Trefis - Qualcomm (QCOM), Apple (AAPL), Marvell Technology (MRVL).
WHAT:
Fast Company - OpenAI's cash losses could mount to nearly $74 billion in fiscal year 2028 before it has any realistic path to breaking even by 2030, according to PitchBook senior private company analyst Harrison Rolfes.
Trefis - Qualcomm's stock has the potential to double to about $340 if revenue picks up at a rate of about 15% annually, led by AI, CPU chips, and automotive.
TechCrunch - OpenAI expects to spend $50 billion on computing in 2026, up from $30 million in 2017, as stated by co-founder and President Greg Brockman.
TechRadar - Samsung and partners propose floating data centers that could house OpenAI's future ChatGPT, promising 1.5 GW of capacity within 36 months.
CNET - OpenAI could reportedly begin production of AI-focused phones in the first half of 2027.
USC Today - Mark and Mary Stevens made a landmark $200 million investment in USC to power AI research, renaming the USC School of Advanced Computing to the USC Mark and Mary Stevens School of Computing and Artificial Intelligence.
VentureBeat - Subquadratic claims its SubQ model achieves a 1,000x efficiency gain in AI processing, utilizing a subquadratic sparse attention architecture to achieve a 12 million-token context window.
TechCrunch - Pinecone announced Nexus, a knowledge engine designed for agentic AI, which introduces a context compiler and a declarative query language called KnowQL.
Techmeme - RadixArk raised a $100 million seed at a $400 million valuation to make AI inference more efficient via its open-source SGLang engine.
Bloomberg Markets - BlackRock Chair and CEO Larry Fink suggests the demand for computing power is so large that a new asset class will spring up.
Entrepreneur - Anthropic unveiled a $1.5 billion AI joint venture with Wall Street giants, including Blackstone and Goldman Sachs.
Fast Company - OpenAI recently raised $122 billion at an $852 billion valuation.
Techmeme - OpenAI expects to spend $50 billion on computing in 2026, up from $30 million in 2017, according to co-founder and President Greg Brockman.
TechRadar - Samsung and partners propose floating data centers that could house OpenAI's future ChatGPT, promising 1.5 GW of capacity within 36 months.
CNET - OpenAI could reportedly make 30 million AI-focused phones over the next 2 years, beginning production in the first half of 2027.
USC Today - Mark and Mary Stevens made a landmark $200 million investment in USC to power AI research, renaming the USC School of Advanced Computing to the USC Mark and Mary Stevens School of Computing and Artificial Intelligence.
VentureBeat - Subquadratic claims its SubQ model achieves a 1,000x efficiency gain in AI processing, utilizing a subquadratic sparse attention architecture to achieve a 12 million-token context window.
TechCrunch - Pinecone announced Nexus, a knowledge engine designed for agentic AI, which introduces a context compiler and a declarative query language called KnowQL.
Techmeme - RadixArk raised a $100 million seed at a $400 million valuation to make AI inference more efficient via its open-source SGLang engine.
Bloomberg Markets - BlackRock Chair and CEO Larry Fink suggests the demand for computing power is so large that a new asset class will spring up.
Entrepreneur - Anthropic unveiled a $1.5 billion AI joint venture with Wall Street giants, including Blackstone and Goldman Sachs.
Fast Company - OpenAI has committed more than $1 trillion to building new data centers and leasing compute from various partners, including a $300 billion, five-year data center partnership with Oracle, with minimum commitments of about $60 billion per year by 2027.
Fast Company - OpenAI's cash losses could mount to nearly $74 billion in fiscal year 2028 before it has any realistic path to breaking even by 2030, according to PitchBook senior private company analyst Harrison Rolfes.
Trefis - Qualcomm's revenue could reach $65 billion by 2029 if it picks up at a rate of about 15% annually, led by AI, CPU chips, and automotive.
TechCrunch - Anthropic and OpenAI are launching joint ventures for enterprise AI services, partnering with asset managers to market their products more aggressively.
Techmeme - OpenAI expects to spend $50 billion on computing in 2026, up from $30 million in 2017, according to co-founder and President Greg Brockman.
Techmeme - RadixArk raised a $100 million seed at a $400 million valuation to make AI inference more efficient via its open-source SGLang engine.
TechCrunch - Subquadratic launched with a $29 million seed and debuted SubQ, an LLM that uses a subquadratic sparse attention architecture to achieve a 12 million-token context window.
TechRadar - Samsung and partners propose floating data centers that could house OpenAI's future ChatGPT, promising 1.5 GW of capacity within 36 months.
CNET - OpenAI could reportedly begin production of AI-focused phones in the first half of 2027.
USC Today - Mark and Mary Stevens made a landmark $200 million investment in USC to power AI research, renaming the USC School of Advanced Computing to the USC Mark and Mary Stevens School of Computing and Artificial Intelligence.
Fast Company - OpenAI's cash losses could mount to nearly $74 billion in fiscal year 2028 before it has any realistic path to breaking even by 2030, according to PitchBook senior private company analyst Harrison Rolfes.
Techmeme - OpenAI expects to spend $50 billion on computing in 2026, up from $30 million in 2017, as stated by co-founder and President Greg Brockman.
VentureBeat - Subquadratic claims its SubQ model achieves a 1,000x efficiency gain in AI processing, utilizing a subquadratic sparse attention architecture to achieve a 12 million-token context window.
TechRadar - Samsung and partners propose floating data centers that could house OpenAI's future ChatGPT, promising 1.5 GW of capacity within 36 months.
Trefis - Qualcomm's revenue could reach $65 billion by 2029 if it picks up at a rate of about 15% annually, led by AI, CPU chips, and automotive.
Entrepreneur - Anthropic unveiled a $1.5 billion AI joint venture with Wall Street giants, including Blackstone and Goldman Sachs.
TechCrunch - Pinecone announced Nexus, a knowledge engine designed for agentic AI, which introduces a context compiler and a declarative query language called KnowQL.
Techmeme - RadixArk raised a $100 million seed at a $400 million valuation to make AI inference more efficient via its open-source SGLang engine.
TechCrunch - Anthropic and OpenAI are launching joint ventures for enterprise AI services, partnering with asset managers to market their products more aggressively.
Techmeme - Sources indicate that Sam Altman discussed spinning out OpenAI's robotics and consumer hardware divisions in late 2025, but the plan was rejected.
TechCrunch - Subquadratic launched with a $29 million seed and debuted SubQ, an LLM that uses a subquadratic sparse attention architecture to achieve a 12 million-token context window.
TechRadar - Micron CEO warns that "AI is in very early innings" and it will "need more memory," indicating ongoing challenges in the RAM crisis.
Techmeme - Alphabet is in talks with Blackstone, KKR, and EQT to give their portfolio companies AI model access, following OpenAI's and Anthropic's joint ventures with private equity firms.
CNET - OpenAI could reportedly make 30 million AI-focused phones over the next 2 years, beginning production in the first half of 2027.
VentureBeat - Subquadratic claims its SubQ model achieves a 1,000x efficiency gain in AI processing, utilizing a subquadratic sparse attention architecture to achieve a 12 million-token context window.
TechRadar - Samsung and partners propose floating data centers that could house OpenAI's future ChatGPT, promising 1.5 GW of capacity within 36 months.
CNET - OpenAI could reportedly begin production of AI-focused phones in the first half of 2027.
USC Today - Mark and Mary Stevens made a landmark $200 million investment in USC to power AI research, renaming the USC School of Advanced Computing to the USC Mark and Mary Stevens School of Computing and Artificial Intelligence.
Techmeme - OpenAI expects to spend $50 billion on computing in 2026, up from $30 million in 2017, according to co-founder and President Greg Brockman.
TechRadar - Samsung and partners propose floating data centers that could house OpenAI's future ChatGPT, promising 1.5 GW of capacity within 36 months.
Techmeme - RadixArk raised a $100 million seed at a $400 million valuation to make AI inference more efficient via its open-source SGLang engine.
VentureBeat - Pinecone announced Nexus, a knowledge engine designed for agentic AI, which introduces a context compiler and a declarative query language called KnowQL.
Fast Company - OpenAI's cash losses could mount to nearly $74 billion in fiscal year 2028 before it has any realistic path to breaking even by 2030.
Trefis - Qualcomm's revenue could reach $65 billion by 2029 if it picks up at a rate of about 15% annually, led by AI, CPU chips, and automotive.
TechCrunch - Anthropic and OpenAI are launching joint ventures for enterprise AI services, partnering with asset managers to market their products more aggressively.
Techmeme - RadixArk raised a $100 million seed at a $400 million valuation to make AI inference more efficient via its open-source SGLang engine.
Bloomberg Markets - BlackRock Chair and CEO Larry Fink suggests the demand for computing power is so large that a new asset class will spring up.
Entrepreneur - Anthropic unveiled a $1.5 billion AI joint venture with Wall Street giants, including Blackstone and Goldman Sachs.
TechCrunch - Pinecone announced Nexus, a knowledge engine designed for agentic AI, which introduces a context compiler and a declarative query language called KnowQL.
Fast Company - OpenAI recently raised $122 billion at an $852 billion valuation.
Trefis - Qualcomm's stock has the potential to double to about $340 if revenue picks up at a rate of about 15% annually, led by AI, CPU chips, and automotive.
TechCrunch - Anthropic and OpenAI are launching joint ventures for enterprise AI services, partnering with asset managers to market their products more aggressively.
Techmeme - Sam Altman discussed spinning out OpenAI's robotics and consumer hardware divisions in late 2025, but the plan was rejected.
Fast Company - OpenAI has contracted roughly $250 billion in compute from Microsoft and pays about $5 billion annually back to Microsoft through its Microsoft Azure revenue share.
Fast Company - OpenAI's cash losses could mount to nearly $74 billion in fiscal year 2028 before it has any realistic path to breaking even by 2030.
Trefis - Qualcomm's revenue could reach $65 billion by 2029 if it picks up at a rate of about 15% annually, led by AI, CPU chips, and automotive.
Fast Company - OpenAI has committed more than $1 trillion to building new data centers and leasing compute.
Fast Company - OpenAI is generating about $25 billion in annualized revenue, with a 40-to-1 ratio of obligations to current revenue.
Fast Company - OpenAI's cash losses could mount to nearly $74 billion in fiscal year 2028.
Fast Company - Qualcomm generated about $44 billion in revenue in FY’25, with a projected $42.5 billion in sales for FY’26.
Trefis - Qualcomm's stock has risen roughly 40% over the past month.
WHERE:
Fast Company - OpenAI's partnerships include Amazon Web Services, CoreWeave, MGX, Microsoft, Nvidia, Oracle, and Arm.
Trefis - Qualcomm's automotive business represents a $45 billion design-win pipeline.
WHEN:
Fast Company - Oracle locked in a $300 billion, five-year data center partnership with minimum commitments running at about $60 billion per year by 2027.
Fast Company - OpenAI's revenue and user targets were missed in early 2026.
Trefis - Sales for Qualcomm could reach $65 billion by 2029.
WHY:
Bloomberg Markets - Larry Fink suggests the demand for computing power is so large that a new asset class will emerge, as stated during the Milken Institute Global Conference in Beverly Hills, California.
Fast Company - OpenAI's aggressive spending hinges on how quickly its revenue grows, with CFO Sarah Friar warning that the company may not be able to fund its future computing contracts if growth slows.
Fast Company - OpenAI's aggressive spending hinges on how quickly its revenue grows.
Trefis - Qualcomm is positioning for the next phase of AI, moving beyond centralized compute to billions of connected devices.
HOW:
Trefis - Qualcomm is evolving from a handset component supplier into a broader compute platform for connected, intelligent devices, focusing on local inference for edge AI.
Fast Company - OpenAI is burning billions on AI research talent, training data, and computing power.
Trefis - Qualcomm is evolving from a handset component supplier into a broader compute platform for connected, intelligent devices.
(UPDATED May 6, 2026 11:32 UTC)
OpenAI is facing significant financial challenges, with projected cash losses potentially reaching nearly $74 billion in fiscal year 2028, according to PitchBook analyst Harrison Rolfes, before finding a path to profitability by 2030. Meanwhile, Qualcomm's stock could double to about $340 if it sees a revenue increase of around 15% annually, driven by advancements in AI, CPU chips, and automotive technology. In other news, Anthropic has announced a $1.5 billion AI joint venture with major Wall Street firms, including Blackstone and Goldman Sachs, highlighting the ongoing investment and interest in artificial intelligence.
--
(UPDATED May 6, 2026 09:42 UTC)
OpenAI has made headlines by raising $122 billion at an impressive valuation of $852 billion, with co-founder and President Greg Brockman revealing plans to spend $50 billion on computing in 2026, a significant increase from $30 million in 2017. In other developments, Samsung and its partners are proposing floating data centers to support OpenAI's future ChatGPT, promising a capacity of 1.5 gigawatts within the next 36 months, while OpenAI is also set to produce 30 million AI-focused phones starting in the first half of 2027. Additionally, a landmark $200 million investment from Mark and Mary Stevens will enhance AI research at USC, which will now be known as the USC Mark and Mary Stevens School of Computing and Artificial Intelligence.
--
(UPDATED May 6, 2026 07:46 UTC)
OpenAI has announced a massive commitment of over $1 trillion to build new data centers and lease computing resources, including a significant five-year partnership with Oracle worth $300 billion. Meanwhile, the company is facing projected cash losses of nearly $74 billion in fiscal year 2028, with hopes of breaking even by 2030, according to PitchBook analyst Harrison Rolfes. In other tech news, Qualcomm's revenue could potentially reach $65 billion by 2029, driven by advancements in AI, CPU chips, and automotive technology.
--
(UPDATED May 6, 2026 05:53 UTC)
OpenAI's financial outlook is concerning, with projected cash losses potentially reaching nearly $74 billion in fiscal year 2028, as noted by PitchBook analyst Harrison Rolfes, before any realistic path to breaking even by 2030. Meanwhile, OpenAI co-founder Greg Brockman revealed that the company anticipates spending $50 billion on computing in 2026, a significant increase from just $30 million in 2017. In other developments, Anthropic has announced a $1.5 billion AI joint venture with major Wall Street firms, including Blackstone and Goldman Sachs, as they continue to expand their influence in the AI landscape.
--
(UPDATED May 6, 2026 04:12 UTC)
OpenAI is set to begin production of 30 million AI-focused phones in the first half of 2027, marking a significant move in the tech industry. Meanwhile, Subquadratic has unveiled its SubQ model, which boasts a remarkable 1,000 times efficiency gain in AI processing with a 12 million-token context window. Additionally, Samsung and its partners are proposing floating data centers to support OpenAI's future ChatGPT, aiming to deliver 1.5 gigawatts of capacity within the next 36 months, as demand for computing power continues to surge, according to Larry Fink.
--
(UPDATED May 5, 2026 23:15 UTC)
OpenAI is reportedly set to begin production of AI-focused phones in the first half of 2027. In a significant move for academic research, Mark and Mary Stevens have made a landmark $200 million investment in USC, which will rename the USC School of Advanced Computing to the USC Mark and Mary Stevens School of Computing and Artificial Intelligence. This investment aims to enhance the university's capabilities in AI research and development.
--
(UPDATED May 5, 2026 21:17 UTC)
OpenAI co-founder and President Greg Brockman announced that the company expects to spend a staggering $50 billion on computing in 2026, a significant increase from just $30 million in 2017. In related news, Samsung and its partners have proposed floating data centers that could support OpenAI's future ChatGPT, promising to deliver 1.5 gigawatts of capacity within the next 36 months. Additionally, RadixArk has successfully raised $100 million in seed funding at a $400 million valuation to enhance AI inference efficiency with its open-source SGLang engine, while Pinecone unveiled Nexus, a new knowledge engine for agentic AI featuring a context compiler and a novel query language called KnowQL.
--
(UPDATED May 5, 2026 19:22 UTC)
OpenAI's financial outlook shows potential cash losses nearing $74 billion in fiscal year 2028, with a path to breaking even not expected until 2030. In a significant move, Anthropic has launched a $1.5 billion AI joint venture with major Wall Street firms, including Blackstone and Goldman Sachs, while also collaborating with OpenAI on enterprise AI services. Meanwhile, Qualcomm's revenue could soar to $65 billion by 2029, driven by advancements in AI, CPU chips, and automotive technology, as the demand for computing power continues to rise.
--
(UPDATED May 5, 2026 17:29 UTC)
OpenAI has recently raised an impressive $122 billion, bringing its valuation to a staggering $852 billion. In other tech news, Qualcomm's stock could potentially double to around $340 if its revenue grows at a rate of 15% annually, driven by advancements in AI, CPU chips, and the automotive sector. Additionally, Anthropic and OpenAI are collaborating on joint ventures for enterprise AI services, aiming to partner with asset managers for more aggressive marketing of their products.
--
(UPDATED May 5, 2026 15:36 UTC)
OpenAI has entered into a massive contract with Microsoft, securing roughly $250 billion in compute resources while paying about $5 billion annually through its Azure revenue share. However, the company's cash losses could soar to nearly $74 billion in fiscal year 2028, raising concerns about its ability to sustain future computing contracts if revenue growth slows, according to CFO Sarah Friar. Meanwhile, Qualcomm is transforming from a handset component supplier to a comprehensive compute platform for connected devices, with projected revenue reaching $65 billion by 2029, driven by advancements in AI, CPU chips, and automotive technology.
--
(UPDATED May 5, 2026 13:26 UTC)
OpenAI has made a significant commitment of over $1 trillion to build new data centers and lease computing resources, even as it faces projected cash losses nearing $74 billion by fiscal year 2028. Meanwhile, Qualcomm has generated about $44 billion in revenue for fiscal year 2025 and is expected to reach $42.5 billion in sales for fiscal year 2026, with its stock rising approximately 40% over the past month. As both companies navigate their ambitious plans, Qualcomm is positioning itself for the next phase of AI, aiming to evolve from a handset component supplier to a comprehensive compute platform for connected devices.