OpenAI commits $1.4T to infrastructure; Nvidia projects $500B in chip sales. Same day, same pitch: AI requires sovereign-scale capital. The tension: revenue is still catching up to the rhetoric, and someone will hold expensive capacity if demand falters.
OpenAI's restructure puts a $130B nonprofit in control of a $500B for-profit. Microsoft locked in 27% and access through 2032. But a year of regulatory review produced new numbers, not new transparency—and Microsoft's accounting gaps remain unaddressed.
Good Morning from San Francisco, Adobe stopped pretending one AI model will rule them all. The company built a switchboard
Discover how a remote work platform is revolutionizing the AI industry by becoming a secret weapon in the global AI arms race.
Turing just pulled off the startup equivalent of showing up to a job interview and leaving with the company. The AI infrastructure firm nabbed $111 million in Series E funding, doubling its valuation to $2.2 billion. Not bad for a company that started as a glorified LinkedIn for coders.
CEO Jonathan Siddharth didn't see this plot twist coming. Back in 2022, OpenAI called him in for what he thought was a routine recruiting chat. Instead, they dropped a bombshell: their AI models got smarter when fed high-quality code. Suddenly, Turing's database of 4 million developers looked less like a hiring pool and more like AI brain food.
The company now juggles three growing business lines. Their original remote developer matching service still pulls in healthy profits. But the real money maker? Helping AI giants like OpenAI build better language models through code contributions. Think of it as teaching robots to think by showing them how humans solve problems.
Turing's rise catches the eye of big money. Malaysia's sovereign wealth fund Khazanah Nasional Berhad led the round, joined by a who's who of venture capital. With $167 million in annual revenue and profitability under its belt, Turing plans to double down on its AI services.
The transformation amazes even veteran investors. "When I first met them in 2018 my jaw dropped," says Westbridge partner Sumir Chadha. He thought Turing would disrupt HR. Instead, it's helping shape artificial general intelligence.
Siddharth bristles at calling this shift a pivot. The original business thrives, he insists. But the company's new division names – "Turing AGI Advancement" and "Turing Intelligence" – reveal where the excitement lies. They're betting big on AI's future while keeping one foot firmly planted in their profitable past.
Why this matters:
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Microsoft's venture arm doubled funding for a German startup that cuts datacenter cooling costs by up to 40% using software alone. The timing: North American operators face years-long power constraints while AI demand climbs.
FurtherAI closed $25M from Andreessen Horowitz six months after seed to automate insurance workflows—from submission intake to claims processing. The velocity signals a shift from AI pilots to production deployment, with early customers reporting measurable ROI.
A16z analyzed what 200,000 startups actually pay for in AI tools—and the results diverge from traffic rankings. Replit generated 15x more revenue than Lovable despite lower visibility. Copilots outnumber autonomous agents twelve to five. Budgets reveal what clicks conceal.
Six OpenAI veterans including Mira Murati raised $2B at a $12B valuation to build Tinker, an API that democratizes frontier model fine-tuning. The bet: customization matters more than scale. The tension: access is curated, not open.
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