Search and browser startup Brave's CBO says it passed $100M in annualized revenue in Q1, and had 100M MAUs as of September, up from 77M at the end of 2024
Consumer-focused AI developers such as OpenAI and Perplexity are jockeying for a share of the browser market, now dominated by Google's Chrome.
Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years
In fintech, most companies burn cash chasing growth at any cost, but for us? … Carly Lippman : Almost four years in at Mercury and I'm still so proud of what we're building. Loved seeing our 2025 gro...
IBM plans to cut “a low single-digit percentage” of its workforce in Q4, affecting thousands of staffers; IBM employed ~270K workers as of the end of 2024
The company is “rebalancing” its workforce, a spokesperson told me. … Forums: r/technology : IBM to Cut Thousands of Roles in Focus on Software Growth r/Layoffs : IBM to cut thousands of jobs in fourt...
Anthropic adds “thinking summaries” to both Claude 4 models and is making its Claude Code agentic command-line tool generally available
Yesterday at Anthropic's first “Code with Claude” … Databricks : Introducing new Claude Opus 4 and Sonnet 4 models on Databricks Kahekashan / The Hans India : Anthropic Launches Claude 4 Sonnet and Op...
River: China's local governments held 15,000 bitcoin worth $1.4B at the end of 2024, the world's 14th biggest holder, sparking a debate on how to handle it
China's growing pile of cryptocurrencies seized from illegal transactions is prompting local governments to find ways to dispose …
Source: Scale AI generated ~$870M in 2024 revenue, with its annualized run rate reaching $1.5B by the end of 2024, and expects to generate $2B in 2025 revenue
Bloomberg :
OpenAI says ChatGPT has hit 20M paid subscribers, up from 15.5M at the end of 2024, suggesting the company is making at least $415M in monthly revenue
Before today's main column about the AI attention war between OpenAI and Google, there's OpenAI news from my colleague Natasha …
Flexport CEO Ryan Petersen says the startup generated revenue of $2.1B in 2024, up from $1.6B in 2023, but missed its target to be profitable by the end of 2024
Founder and CEO of digital forwarder, Ryan Petersen, says company will hit goal in 2025, paving way for potential public offering
Source: Anthropic's annualized revenue grew from $1B at the end of 2024 to $1.4B in early March; Manus uses tools including Claude 3.7 Sonnet to power its agent
The Information :
Omdia: by the end of 2024, TikTok generated ~$8B in ad revenue in the US and $63.3B globally, and surpassed 1.9B MAUs globally, including 145M MAUs in the US
Marta Balaga / Variety :