Sam Altman Says He’s 0% Excited to Be a Public Company CEO
Sam Altman has “0%” excitement about being the CEO of a public company. But with OpenAI’s valuation soaring and an IPO potentially on the horizon for 2026, he might not have a choice.
Category: Business
ChatGPT’s Mobile App Is a $2.5 Billion Juggernaut
OpenAI’s ChatGPT mobile app is a revenue monster, pulling in $2.5 billion in consumer spending in 2025 alone. The app has now crossed $3 billion in lifetime mobile revenue, growing faster than giants like TikTok. This is just the beginning of OpenAI’s monetization push.
Lovesac Brings Sofa Manufacturing Back to the US
Furniture brand Lovesac has moved a key manufacturing process for its Sactionals line back to the United States. The move is a direct response to tariff pressures and aims to create a cheaper, better product development model.
Cramer Preaches Caution as Wall Street Goes All-In on GE Vernova
Jim Cramer is telling investors to be careful with GE Vernova, even as Wall Street firms like Jefferies and Morgan Stanley pile on with huge price target hikes. The stock, which makes gas turbines for power-hungry AI data centers, is up nearly 100% this year but saw wild swings this week.
Trump Media Merges With Fusion Firm, Promising Power by 2031
The parent company of Truth Social is merging with nuclear fusion company TAE Technologies in a deal valued at roughly $6 billion. They plan to break ground on a power plant in 2026 and achieve “first power” by 2031, but the technology faces massive hurdles.
iRobot’s Bankruptcy Reboot: A Roomba Reckoning
iRobot has filed for bankruptcy and will be purchased by its Chinese contract manufacturer, Picea Robotics. CEO Gary Cohen insists this is a necessary reboot to save the company and close a four-year tech gap with competitors. The future of the iconic Roomba brand now hinges on a partnership blendin
PayPal Wants to Be a Bank, But Just for Small Business Loans
PayPal has filed to establish a state bank in Utah, with a clear focus on lending to small businesses. The fintech giant says it’s already provided $30 billion in loans since 2013, but becoming a bank would streamline the process and cut out middlemen.
Instacart Stock Tanks as FTC Probes Its AI Pricing
Instacart’s stock took a major hit following news of an FTC investigation. The probe focuses on pricing practices and a 2022 AI acquisition that may have led to significant cost differences for shoppers.
Netflix’s $100 Billion Question: Why Buy Warner Bros.?
Netflix co-CEO Greg Peters faced tough questions about the $27.75-per-share bid for Warner Bros. Discovery. Investors have wiped billions off Netflix’s value, skeptical of the deal’s logic and the company’s ability to integrate a legacy studio.
Accenture Buys a Majority Stake in AI Data Center Firm DLB
Accenture is moving to acquire a controlling 65% interest in U.S.-based AI data center engineering firm DLB Associates. The deal aims to extend Accenture’s end-to-end capabilities for clients building AI infrastructure.