2026-06-20 openai
Audited documents obtained by Ed Zitron and reviewed by the FT show OpenAI revenue rising from $3.7B in 2024 to $13.07B in 2025, while R&D alone cost $19.18B and operating losses widened to $20.92B. The real signal is not that losses exist. It is that the loss is structurally locked in by R&D and compute commitments. The question shifts from when OpenAI turns a profit to who keeps filling a roughly $20B annual gap before an IPO.
Read analysis 2026-06-11 jobs
Apollo's chief economist uses rebounding job openings and the May payroll print to argue there's 'no sign of workers being replaced by ChatGPT.' But aggregate averages are a natural muffler for localized shocks. The real disagreement isn't about the data. It's about which lens you use to read it.
Read analysis 2026-06-11 anthropic
Anthropic closes its Series H: $65B raised, $965B post-money, run-rate revenue past $47B. Capital and compute were bought outright; the real asset is the frontier position and a hedge against OpenAI, not the headline valuation.
Read analysis 2026-06-11 jobs
A Techdirt piece (808 points on HN) cuts through a familiar CEO narrative: blaming layoffs on AI is mostly a way to push the work of org design, process and training onto a piece of technology. But the other side has one line worth keeping: some roles really are being reshaped.
Read analysis 2026-06-11 openai
S&P Dow Jones Indices refused to fast-track SpaceX and won't waive its profitability screens for OpenAI or Anthropic. No private valuation, however large, buys automatic passive-index inclusion.
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