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OpenAI Hits $100 Million Revenue Mark with New ChatGPT Ads

Key Points: OpenAI’s new ad business reached $100 million in annual revenue in less than two months. The ads appear for free users and ChatGPT Go subscribers but stay away from sensitive topics. Rival company Anthropic mocked the move in a Super Bowl ad, but over 600 advertisers have already signed up. The company plans to expand the ad program to Canada, Australia, and New...

Chinese Chipmaker SMIC Supplies Hardware Tools to Iranian Military

Key Points: Two senior United States officials claim SMIC actively sends advanced chipmaking equipment to the Iranian military. The secret hardware transfers started roughly 1 year ago and likely include hands-on technical training for Iranian forces. This development seriously complicates the month-old conflict that began on February 28 between the United States, Israel, and Iran. Washington previously placed SMIC on a strict trade blacklist in...

Federal Reserve Leaders Warn Iran Conflict Will Push Inflation Higher

Key Points: Federal Reserve leaders warn the ongoing war in Iran will likely cause a short-term rise in global inflation. Vice Chair Philip Jefferson stated that higher energy prices force families to cut back on their discretionary spending. The United States unemployment rate should hover around 4.4% this year as overall job creation remains relatively low. Officials believe current interest rates sit at the right...