OpenAI has announced that its digital advertising unit has reached a $1 billion annualized revenue run rate. Built in barely 200 days, the unit was highlighted by executives as concrete evidence of a maturing, highly diversified commercial architecture. By scaling brand sponsorships, enterprise infrastructure software, consumer subscriptions and API access fees, OpenAI is attempting to
The Kospi Index has come under intense pressure in the past few months as top constituents like Samsung Electronics and SK Hynix lost momentum and as wary South Koreans pare back their leveraged bets. It dropped to 6,788 on Friday, down by 27% from its highest point this year. South Koreans ditch their leveraged bets
The US stock market ended lower on Friday as investors assessed Federal Reserve Chair Kevin Warsh’s warning that recent inflation data had not shown enough improvement to alter the underlying trend. The remarks increased expectations for a potential interest rate hike in September. The S&P 500 fell 0.26% to 7,711.05, while the Nasdaq Composite dropped
From a strategy being dubbed “balance sheet as a service” to Nvidia itself being described as the central bank of artificial intelligence, the chipmaker’s growing role in financing the AI ecosystem is attracting more attention from investors. Nvidia has transformed itself from a semiconductor company into one of the most important financial backers of the
As governments and regulators around the world intensify scrutiny of social media’s impact on children, Meta’s landmark US settlement marks a major shift in how technology companies may be held accountable for the way their platforms are designed and used. Meta has agreed to overhaul parts of Instagram and Facebook in the United States and
Affirm Holdings AFRM shares rose about 11% in trading on Friday after the buy-now, pay-later company reported stronger-than-expected fourth-quarter results and delivered its most profitable quarter on record. The company reported adjusted earnings per share of $4.62, compared with analysts’ expectations of $3.77. Revenue reached $1.2 billion, beating the consensus estimate of $1.1 billion. Revenue
Rubrik stock price has had a rollercoaster this week. It jumped to a record high of $107.7 on Thursday and then pared back some of those gains after publishing its financial results. It dropped by over 7% and retested the crucial support level of $100. Rubrik published strong earnings Rubrik is a top company in
Adobe stock continued its strong rally this week, reaching its highest level since February this year. ADBE has soared by 52% from its lowest level this year, and this rally may continue after forming a golden cross pattern as its earnings loom. Adobe stock has formed a golden cross pattern The daily chart shows that
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The Indian rupee continued its strong slump against the US dollar this week, reaching a fresh all-time low. The USD/INR exchange rate rose for five consecutive days, reaching a high of 91.30. It has jumped by 9% from its lowest level in April last year and 26% from its lowest point in 2022. Indian rupee