Independent thinking for complex markets and current events
OpenAI has reportedly lifted its projected cash burn to $115B through 2029, up $80B from earlier forecasts, per The Information. The AI firm expects to burn $8B this year, $17B in 2026, $35B in 2027, and $45B in 2028 as it scales data centers and chips. pic.twitter.com/dB4gGBz5Qf — Wall St Engine (@wallstengine) September 8, 2025 …
Mayor Adams’ prospects of winning a second term (or even finishing the first) are increasingly uncertain. But he’s trying to ensure that one big feature of his mayoralty stays in office, even if he doesn’t: billions of dollars in taxpayer money to put migrants up in hotels. Gov. Hochul should step in to nix his …
Microsoft-backed (NASDAQ:MSFT) OpenAI is not expected to earn annual profits until 2029, according to company financial documents obtained by The Information. The documents show annual losses could spike as high as $14B in 2026, the report said. The projections showed the company reaching annual revenue of $100B in 2029. OpenAI also expects to spend about …
AI will probably be smarter than any single human next year. By 2029, AI is probably smarter than all humans combined. https://t.co/RO3g2OCk9x — Elon Musk (@elonmusk) March 13, 2024