2026-06-17
OpenAI burned $3.7bn in the first quarter, The Information reports
OpenAI burned through $3.7bn in the first three months of 2026, more than half its revenue of $5.7bn over the same period, according to The Information, which cited documents the company shared with shareholders. Both numbers tripled from a year earlier, a symmetry that captures the company’s peculiar position: growing faster than almost any business […]<br /> This story continues at The [...]
2026-06-17
Microsoft sued by shareholders over Azure slowdown and AI spending
The number that anchors the case is a single day. On 29 January, Microsoft shares fell about 10%, the company’s steepest one-day drop in nearly six years, wiping out roughly $357bn in market value after a quarterly earnings report the previous evening. A securities class action filed on 12 June in Seattle federal court argues […]<br /> This story continues at The Next Web [...]
2026-06-17
Telegram challenges India’s order temporarily blocking the app
The company has gone to the Delhi High Court over a block tied to alleged cheating on a national medical-entrance exam, a measure affecting more than 150 million users. Telegram has asked the Delhi High Court to overturn an Indian government order that has temporarily blocked the messaging app, the company’s most direct legal confrontation […]<br /> This story continues at The Next Web [...]
2026-06-17
Intel pushes 18A-P into risk production to prove its manufacturing pitch
Intel said on Tuesday that the next iteration of its 18A manufacturing process, designated 18A-P, has entered risk production, the stage at which a chipmaker runs the process on real hardware to prove it works before committing to mass volumes. The announcement is less about a single chip than about a promise Intel has spent […]<br /> This story continues at The Next Web [...]
