AI business models stories

Sep 29, 2026

Anthropic reports $42 billion loss in leaked IPO prospectus

Anthropic reported a net loss of nearly $42 billion in 2025 according to its leaked IPO prospectus, including $8 billion in operating losses and a $34 billion accounting charge linked to Google and Amazon investments.

Sep 29, 20264 sources

Sep 13, 2026

Anthropic tells investors it will be profitable for second straight quarter

AI company Anthropic has informed a small group of shareholders that it expects to report positive adjusted operating income for a second consecutive quarter, according to the Financial Times.

Sep 13, 20262 sources

Sep 11, 2026

Moonshot AI targets $2 billion in annual revenue

Chinese AI lab Moonshot AI is targeting a manifold jump in annualized revenue to $2 billion by the end of the year, using the success of its Kimi K3 model.

Sep 11, 20262 sources

Aug 31, 2026

OpenAI advertising business reaches $1 billion annual run rate

OpenAI's advertising business has reached an annualized revenue run rate of $1 billion as the company prepares for its IPO, demonstrating diversification beyond its core API business.

Aug 31, 20262 sources

Aug 12, 2026

SpaceX to train Grok AI on employee data as stock surges on AI revenue projections

Elon Musk announced at a SpaceX town hall that the company will train its Grok 4.6 AI model on internal employee work and communications, telling staff they will be "the parents of the AI." The announcement coincided with the launch of Grok 4.6 and drove SpaceX stock up 12% as Musk projected AI revenue will eventually surpass the company's rocket business.

Aug 12, 20266 sources

Jul 12, 2026

S&P Global Downgrades Oracle Credit Rating to BBB- Over OpenAI Dependency Risk

S&P Global downgraded Oracle's credit rating to BBB-, one notch above junk status, citing OpenAI's concentration risk as the AI company accounts for roughly half of Oracle's $638 billion in contractual obligations.

Jul 12, 20261 source

May 9, 2026

CoreWeave Reports 112% Revenue Growth to $2.08 Billion Despite Doubling Losses

AI cloud infrastructure provider CoreWeave reported Q1 2026 revenue of $2.08 billion, up 112% year-over-year, but net losses more than doubled as the company invested heavily in expanding its GPU infrastructure.

May 9, 20262 sources

Apr 27, 2026

OpenAI and Microsoft Terminate AGI Clause and Exclusivity Provisions in Restructured Partnership

OpenAI and Microsoft have fundamentally restructured their partnership, eliminating the AGI clause that dictated future terms and ending Microsoft's exclusive license to OpenAI technology. OpenAI can now distribute products through any cloud provider including AWS, while Microsoft receives enhanced revenue-sharing terms.

Apr 27, 20263 sources