OpenAI ads pilot tops $100 million in annualized revenue in under 2 months
OpenAI’s nascent ads business has surpassed $100 million in annual recurring revenue less than two months after launching its pilot in the U.S.
Zelenskyy courts Saudi support as U.S. reportedly weighs redirecting Ukraine aid to Middle East
Zelenskyy met Gulf leaders to seek support for Kyiv as the U.S. reportedly weigh diverting military resources to the Middle East.
Foreign investors pull a record $12 billion from Indian stocks, sparked by Iran war
Foreign investors are pulling out a record $12 billion from Indian equities as the Iran conflict drives up energy costs and raises doubts on economic growth.
‘Not unlike tariffs’: Iran war threatens to deepen Asia private equity’s worst fundraising slump in a decade
The Middle East war has introduced a new layer of uncertainty for Asia-focused private equity managers already navigating a multiyear fundraising slump.
Private credit cracks open door for Wall Street banks’ comeback: ‘The tug of war is just starting’
Wall Street banks may finally be getting a long-awaited opening to claw back market share from private credit lenders.
Oil prices falls as Trump says Iran let 10 tankers through Hormuz as a ‘present’
Oil prices fell after Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
China industrial profits surge 15% to start year, but oil price shock threatens outlook
Soaring energy prices are expected to impact China’s economy less than most other countries, due to its massive oil reserves and alternative energy sources.
Elon Musk’s Boring Co. tunnels aren’t wanted by most Nashville residents
A new survey by Vanderbilt University found that most Nashville residents don’t want Boring Company tunnels in their city.
Asia markets fall, tracking losses on Wall Street as Trump extends Iran strike deadline
Asia-Pacific markets declined Friday as investors parse the contradictory messaging on the Middle East from the U.S. and Iran.
Anthropic wins preliminary injunction in fight with Pentagon
A federal judge in San Francisco granted Anthropic’s request for a preliminary injunction in its lawsuit against the Trump administration.