bittermelon

NEWS: OpenAI just announced that it has officially closed their latest funding round with $122 billion in committed capital at a post money valuation of $852 billion. "We are now generating $2B in revenue per month. At this stage, we are growing revenue four times faster than the companies who defined the Internet and mobile eras, including Alphabet and Meta. ChatGPT has more than 900 million weekly active users, and over 50 million subscribers. Search usage has nearly tripled in a year, and our ads pilot reached more than $100 million in ARR in under six weeks. Momentum is just as strong on the enterprise side, which now makes up more than 40% of our revenue, and is on track to reach parity with consumer by the end of 2026. GPT‑5.4 is driving record engagement across agentic workflows. Our APIs now process more than 15 billion tokens per minute. Codex now serves over 2 million weekly users, up 5x in the past three months, with usage growing more than 70% month over month."

*META STARTS TESTING INSTAGRAM PREMIUM SUBSCRIPTION: TECHCRUNCH

Introducing Critique, a new multi-model deep research system in M365 Copilot. You can use multiple models together to generate optimal responses and reports.

Microsoft is closing in on its worst quarter since 2008 • Q1 '26 -25.9% • Q4 '08 -27.2% Not the kind of company you want to be in

No, that’s just the little advanced technology fab, where we will be iterating on chip designs. We couldn’t possibly fit the Terafab on the GigaTexas campus. It will be far bigger than everything else combined there. Several locations for Terafab are under consideration. It needs thousands of acres and over 10GW of power at full scale.

I live in Eindhoven, ASML town. Heard this from folks inside... Over the years ASML promoted a lot of strong EUV people into architect roles, group leads, management tracks. Built up serious layers. Classic growth pain. Then McKinsey comes in , says cut the management layers to speed things up. So now those same high performers, real good EUV experts, who got promoted are the ones on the block. About 3400 roles targeted, mostly management. Half will be reassigned, rest gone. Big hit in Veldhoven/Eindhoven area (~1400), some in US. Unncertainty is high, unions talking, details probably land around April. At the same time, ASML is still planning massive growth. The new campus near the airport just got final green light from city council. Construction starts soon, phased build-out. Long term they talk ~20,000 new jobs in the region (first wave ~5k by 2028). And the layoff packages are subpar. Philips is also based in the same town. And they had layoffs due to serious financial issues last year. Their layoff packages were much better than what ASML is offering. What a way to kill tje company culture. Especially at a time when the company is printing money.