Business & Industry

Business and Industry covers the commercial adoption of artificial intelligence across corporate sectors and economic markets. Truncated covers enterprise deployments, industry investments, market trends, workforce impacts and regulatory compliance.

Yesterday · Wed 11 Nov

OpenAI's next advertising test: keeping brands hooked

AI-generated summary OpenAI has enticed more than 100,000 advertisers to test ChatGPT Ads and scaled the platform to a $1 billion annualized revenue run rate as of this summer. A working paper by Maximilian Kaiser and Christian Schulze found that across 102 advertiser sites, ChatGPT Ads generated $0.89 in revenue per US session compared with $2.45 for Google search ads.

Utah-Based Startup Raises $500 Million for Modular AI Data Center

AI-generated summary Salt Lake City-based Torus announced it secured $500 million in a Series C funding round led by Magnetar. The energy-storage startup will use the capital to manufacture a new shipping container-sized product named Foundry that combines batteries with artificial intelligence computing.

Also covered by news.bloomberglaw.com Unite.AI TNW | Investors-funding
+4 moreInteresting Engineering datacenterdynamics.com tftc.io Tech Times

Brevis has launched Arca, a free app that allows users to sell AI chats and coding sessions they have on their computer.

AI-generated summary Brevis has launched Arca, a free application that enables users to sell computer-based AI chats and coding sessions. The software localizes the removal of identifiable information before upload and reads sessions from Claude Code, Codex, Cursor, and Claude Desktop.