Naomi Stresser
Naomi Stresser covers the economics of the model industry, including pricing, procurement, and the financial disclosures of public companies that depend on inference contracts.
Bylines · 40 filings
- BUSINESS
ChatGPT Ads Go Live Across Europe, Opening a New Intent Channel for Small Businesses
OpenAI began serving ads to ChatGPT's free-tier users in 31 European markets on Monday, but the self-serve buying tool that small businesses need is still to come.
August 25, 2026 - BUSINESS
Google to Bill Local Services Advertisers for Missed Calls Beginning October 1
In an email to Local Services Ads customers this week, Google said unanswered calls that stay on the line beyond 20 seconds will count as valid leads, rewriting a decade-old rule for the small businesses that rely on the channel.
August 25, 2026 - BUSINESS
ChatGPT Ads to Launch in 31 European Markets, Opening a Conversational Channel to Small Advertisers
OpenAI's advertising platform, built around the moments users compare and decide, expands on Monday to its largest set of new markets yet, with self-serve access for small businesses promised later this summer.
August 24, 2026 - BUSINESS
Meta Wires Its A.I. Into Small-Business Ad Accounts, With a Mac App and a Route to Meta One
The company connected Meta A.I. to Facebook and Instagram analytics, Meta Ads and Google Workspace on Wednesday, pitching a single conversation as the new front door to campaign optimization for owner-operators.
August 23, 2026 - BUSINESS
Anthropic Prepares Public S-1, Targeting an I.P.O. to Match or Surpass SpaceX's Record
The maker of Claude is running the numbers on a share sale of at least $75 billion, with a public filing possible before the end of August. Investors have floated a $2 trillion valuation; the company's chief financial officer has declined to confirm any figure.
August 22, 2026 - BUSINESS
OpenAI's Chief Financial Officer Sets 2027 as I.P.O. Target, or Sooner
In an all-hands meeting on Aug. 19, Sarah Friar gave staff the clearest internal timeline yet for a public listing, even as second-quarter revenue trailed rival Anthropic and operating losses widened.
August 20, 2026 - BUSINESS
Anthropic's Revenue Run Rate Tops $65 Billion Ahead of Autumn I.P.O.
The Claude maker told investors its annualized revenue reached $65 billion by the end of July, a sevenfold jump from a year earlier, as it advances a confidential S.E.C. filing toward a fall market debut.
August 18, 2026 - BUSINESS
Nvidia Pledges Up to $105 Billion to Backstop OpenAI's Ohio Data Center
A securities filing disclosed Monday commits the chipmaker to guarantee lease and power obligations for an 8-gigawatt campus in Pike County, reviving debate over circular financing in the A.I. industry.
August 17, 2026 - BUSINESS
Google's Gemini App Reaches 1 Billion Monthly Users, Its Fastest to the Mark
Sundar Pichai said the app is the 14th Google product to cross the threshold and the quickest to arrive there, a milestone that landed six days after a sweeping reorganization of Google DeepMind.
August 15, 2026 - BUSINESS
OpenAI's Longest-Serving Operator Departs, Deepening a Pre-I.P.O. Exodus
Brad Lightcap, who built the company's finance, legal and go-to-market functions over eight years, told employees he was leaving to 'start something new,' as OpenAI prepares for a public offering that could value it above a trillion dollars.
August 12, 2026 - BUSINESS
Hassabis Steps Aside at Google DeepMind; Jeff Dean Departs After 27 Years
Alphabet on Wednesday recast the leadership of its artificial intelligence division, elevating Demis Hassabis to a chairman and chief scientist role while a 27-year veteran and three senior colleagues left to found a public-benefit start-up. Shares fell about 4 to 5 percent.
August 6, 2026 - BUSINESS
OpenAI Unveils Its Next Model, Astra, With Ten Long-Open Proofs and a $2,000 Compute Bill
The company published machine-checkable Lean 4 certificates for each result on GitHub, including the first explicit construction of a non-sofic group, but bypassed peer review and drew immediate scrutiny from mathematicians.
August 3, 2026 - BUSINESS
Amazon Crosses $200 Billion in Quarterly Sales as AWS Growth Reaches Fastest Pace in Nearly Five Years
Amazon Web Services expanded 37 percent in the second quarter, exceeding a consensus estimate of 31 percent, as Andy Jassy told investors that A.I. demand would exceed the company's capacity through at least 2028.
July 30, 2026 - BUSINESS
Nvidia in Talks to Guarantee $250 Billion of OpenAI's Ohio Data Center Financing
The chipmaker's backstop would underwrite a 10-gigawatt campus in Piketon that could cost more than $500 billion to build, reviving Wall Street's fear of circular financing in the artificial intelligence industry.
July 27, 2026 - BUSINESS
Anthropic Releases Claude Opus 5, Priced at Half the Cost of Its Flagship Model
The company's fourth major model release in under two months is pitched as the default workhorse for enterprise customers, and arrives at a valuation of roughly $380 billion.
July 25, 2026 - BUSINESS
Apple Sues OpenAI Over Hardware Trade Secrets, Naming Chief Hardware Officer and io Products
The 41-page federal complaint, filed in the Northern District of California, accuses OpenAI of a coordinated campaign to strip iPhone hardware secrets through former employees and supplier relationships.
July 12, 2026 - BUSINESS
Apple Sues OpenAI, Alleging a Coordinated Theft of iPhone Hardware Secrets
The 41-page complaint, filed Friday in San Francisco, names OpenAI's chief hardware officer and a former Apple engineer, and lands as the A.I. company prepares to go public.
July 11, 2026 - BUSINESS
Apple Sues OpenAI, Alleging a Coordinated Scheme to Strip Hardware Secrets
The complaint, filed Friday in federal court in Northern California, names OpenAI's chief hardware officer and a former Apple engineer, and threatens a partnership the two companies struck barely two years ago.
July 11, 2026 - BUSINESS
OpenAI Releases GPT-5.6 and ChatGPT Work After Federal Review Delay
The company introduced an autonomous workplace agent alongside a three-tier model family, weeks after the Trump administration ordered additional testing over the model's cybersecurity capabilities.
July 10, 2026 - BUSINESS
OpenAI Floats Ceding a 5 Percent Stake to Washington, Worth About $42.6 Billion
Sam Altman has pitched senior Trump administration officials on a sovereign wealth vehicle modelled on Alaska's Permanent Fund, and asked that rival laboratories contribute matching equity.
July 5, 2026 - BUSINESS
OpenAI Floats a 5% Government Stake, Worth $42.6 Billion, in Talks With the Trump Administration
Sam Altman has proposed that Washington take equity in the country's leading A.I. firms through a sovereign-fund vehicle modeled on Alaska's oil dividend — a structure that would require an act of Congress.
July 4, 2026 - BUSINESS
Anthropic Restores Fable 5 and Mythos 5 as Commerce Lifts Export Controls; Sonnet 5 Debuts the Same Day
After an 18-day, government-forced suspension, the Department of Commerce cleared the company's most powerful models for global redeployment on July 1. Anthropic used the same news cycle to install a cheaper, more agentic mid-tier model as its new default.
July 1, 2026 - BUSINESS
Google DeepMind Loses Four Senior A.I. Researchers in Six Days as Anthropic and OpenAI Step Up Recruiting
The departures of Noam Shazeer, John Jumper, Jonas Adler and Alexander Pritzel — all contributors to Google's Gemini model — have wiped hundreds of billions in market value from Alphabet and raised new doubts about the company's grip on top talent.
June 26, 2026 - BUSINESS
OpenAI and Broadcom Unveil 'Jalapeño,' a Custom Inference Chip Said to Cut Costs by Half
The accelerator, co-developed in nine months and bound for initial deployment alongside Microsoft late next year, is the ChatGPT maker's first in-house silicon and a direct bid to loosen its reliance on Nvidia.
June 26, 2026 - BUSINESS
OpenAI and Broadcom Unveil 'Jalapeño,' a Custom Inference Chip to Curb Reliance on Nvidia
The ChatGPT maker's first in-house accelerator, developed with Broadcom in nine months and aimed at initial deployment by year's end, is showing roughly 50 percent cost savings over standard GPU infrastructure, Broadcom's chief executive said.
June 25, 2026 - BUSINESS
OpenAI Releases GPT-5.5-Cyber and 'Patch the Planet,' Arguing the Bottleneck in Security Has Shifted
The company moved its cyber-specialized model out of preview on June 22, expanded its Codex Security plugin and signed a 28-firm partner roster, contending that machine-speed patching, not vulnerability discovery, is now the binding constraint.
June 23, 2026 - BUSINESS
OpenAI's GPT-5.6 Appears Days Away as Stealth Tests Surface in ChatGPT
Polymarket traders price a June 22–28 launch at 83 percent, ChatGPT Pro users report anomalous behavior, and the company's chief scientist has told staff the model is a 'meaningful improvement' over GPT-5.5.
June 20, 2026 - BUSINESS
Tech Workers Who Skip A.I. Are Three Times as Likely to Be Laid Off, Gallup Finds
A new study of more than 23,000 American workers identifies a widening fault line inside the technology industry, where infrequent users of artificial intelligence appear markedly more vulnerable to job loss than colleagues who use the tools at least monthly.
June 19, 2026 - BUSINESS
SpaceX's Record I.P.O. Sets the Stage for Anthropic and OpenAI's Trillion-Dollar Market Debuts
After SpaceX raised $75 billion and its shares surged more than 30 percent on their first day of trading, Wall Street is pricing in a race between Anthropic and OpenAI to follow, with both having confidentially filed S-1s.
June 18, 2026 - BUSINESS
OpenAI Files Confidential S-1 as Anthropic Overtakes It Among U.S. Businesses
The ChatGPT maker disclosed its draft registration on Monday, joining Anthropic and SpaceX in a cluster of A.I.-linked listings — even as new spending data shows its lead in enterprise adoption has slipped for the first time.
June 13, 2026 - BUSINESS
SpaceX Raises $75 Billion in Largest I.P.O. on Record, Opening a Year of A.I. Listings
The rocket and satellite company, which absorbed Elon Musk's xAI in February, closed up 19 percent on its Nasdaq debut at a market value above $2 trillion. Anthropic and OpenAI have since filed confidentially to follow.
June 13, 2026 - BUSINESS
Apple Unveils 'Siri AI,' Built With Google's Gemini, in Tim Cook's Final WWDC Keynote
The reinvented assistant, announced Monday in Cupertino, will skip Europe and China at launch. Apple's stock turned negative during the presentation.
June 12, 2026 - BUSINESS
OpenAI Files Confidential S-1 With S.E.C., Joining a $3.6 Trillion A.I. Listing Pipeline
The ChatGPT maker, last valued at $852 billion, said on Monday that any public debut 'may be a while' — even as Goldman Sachs and Morgan Stanley prepare the ground for a possible fall listing.
June 12, 2026 - BUSINESS
OpenAI Files Confidentially for I.P.O., Joining a $3.6 Trillion A.I. Listing Wave
ChatGPT's maker became the third major artificial-intelligence company to submit a confidential S-1, following Anthropic and Elon Musk's SpaceX, in what could become the largest cluster of public offerings on record.
June 10, 2026 - BUSINESS
Apple Unveils 'Siri AI,' Rebuilt on Google's Gemini, in Cook's Final WWDC Keynote
A custom 1.2-trillion-parameter Gemini model will power the long-promised Siri overhaul shipping with iOS 27 in September, the company said, in Tim Cook's last keynote as chief executive.
June 9, 2026 - BUSINESS
OpenAI Files Confidential I.P.O. Paperwork, Joining Anthropic and SpaceX in a Convergence Wall Street Has Not Seen Since the Dot-Com Era
The ChatGPT maker, valued at $852 billion, said Monday it had submitted a draft registration statement to federal regulators and disclosed the move preemptively in expectation of a leak.
June 9, 2026 - BUSINESS
Apple Reboots Siri on a Google-Built Model as Tim Cook Bids Farewell
At its developers conference in Cupertino, Apple unveiled an overhauled assistant powered by a custom Gemini-class model, a slate of operating-system updates branded as 'Golden Gate' on the Mac, and a closing valedictory from the chief executive who steps aside in September.
June 8, 2026 - BUSINESS
Apple Stakes Its A.I. Recovery on a Gemini-Powered Siri
At the opening of WWDC 2026 on Monday, the company is expected to unveil a rebuilt assistant running on a custom Google model, a system that breaks OpenAI's exclusive hold on Apple Intelligence, and the last keynote of Tim Cook's tenure.
June 7, 2026 - BUSINESS
Anthropic Says Mythos-Class A.I. Will Reach All Customers Within Weeks, Unveils Opus 4.8 and a $965 Billion Valuation
The company said it had made 'swift progress' on safeguards for a model previously deemed too dangerous for general release, even as it closed a $65 billion funding round and pushed an upgraded flagship into wide deployment.
May 31, 2026 - BUSINESS
Nvidia Reports a Record $81.6 Billion in Quarterly Sales as Data Centers Drive AI Buildout
Data-center revenue nearly doubled from a year earlier, reaching $75.2 billion. Chief executive Jensen Huang called the buildout 'the largest infrastructure expansion in human history.'
May 20, 2026