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ChatGPT Ads hits $1B annualised as the EU brings it under the Digital Services Act

Artificial Intelligence, Business, Digital Marketing, OpenAI, SEO Tips, Technology /

OpenAI says ChatGPT Ads has reached $1B in annualised revenue run rate in under 200 days and has opened self-service buying across Europe, India, the Middle East and North Africa. On the same day the European Commission designated ChatGPT a Very Large Online Search Engine under the Digital Services Act, on 159.1 million declared monthly […]

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Apple’s Phil Schiller hands over App Store and Events to Eddy Cue

Apple, Business, Digital Marketing, Ecosystems, Next Featured, SEO Tips, Technology /

Phil Schiller has stepped down from running Apple’s App Store and its product events, Bloomberg reported, keeping his Apple Fellow title as responsibility moves to Eddy Cue’s services division with Carson Oliver running the store day to day. The change comes the day before John Ternus becomes chief executive, and thirteen days after Apple replaced […]

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LG Energy Solution signs a 10-year Arkansas lithium deal starting 2029

Business, Digital Marketing, Electric vehicle, Next Featured, SEO Tips, Sustainability, Technology /

LG Energy Solution has signed a binding 10-year take-or-pay agreement for 8,000 tonnes a year of battery-grade lithium carbonate from Smackover Lithium in Arkansas, a joint venture 45% owned by Norway’s state-controlled Equinor, starting in 2029. LG signed a comparable offtake with Vulcan Energy in Germany in January 2022 that was due to begin delivering […]

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Meta planned to cut some teams by 60% and replace the work with AI

Artificial Intelligence, Business, Digital Marketing, Future of work, Meta, SEO Tips, Technology, United States /

Meta spent the first half of this year planning to replace much of the work its employees do with AI agents, then abandoned the most aggressive part of the plan when the technology did not deliver. Meta code-named the scheme Project OT, short for Organization Transformation. It explored cutting the size of many teams by […]

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Honda and Nissan will share the software in their cars from 2029

Business, Cars, Digital Marketing, SEO Tips, Tech, Technology /

Eighteen months after their merger fell apart over who would control whom, Honda and Nissan have agreed to share the software inside their cars. The two signed a joint development agreement on Monday covering electronic control units, an in-vehicle operating system, middleware and vehicle control software, with the first cars arriving from fiscal 2029. The agreement is […]

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Pinterest CFO Julia Donnelly is leaving to join an early-stage company

Business, Digital Marketing, SEO Tips, Technology /

Pinterest’s chief financial officer is leaving for a private, early-stage company, and investors reacted quickly. Julia Donnelly will step down on October 30, Reuters reported, with the company’s shares falling as much as 3.8% in after-hours trading on Friday. Donnelly joined Pinterest in 2023 from Wayfair, where she was global head of finance, and has […]

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Meta projected spending up to $10bn a year on Anthropic’s AI models

Anthropic, Artificial Intelligence, Business, Digital Marketing, Meta, SEO Tips, Technology, United States /

Meta has become one of Anthropic’s largest customers, at the same time as Mark Zuckerberg has been attacking the company in public. At one point this year Meta internally projected that it could spend as much as $10bn a year on Anthropic’s models, The New York Times reported, citing two people who declined to be […]

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SB Energy gave OpenAI $5.5bn in warrants to sign a 20-year lease

Business, Digital Marketing, OpenAI, SEO Tips, Technology /

SB Energy has handed OpenAI warrants now worth about $5.5bn, and it did so to keep OpenAI as a tenant. The Wall Street Journal reported the arrangement on Monday. The direction matters and is easy to get backwards. SB Energy, the SoftBank-owned power and data centre developer, is the issuer, and OpenAI is the recipient, […]

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