OpenAI projected to bring in $20bn less in revenue than expected 09. October 2026 (10:06) Questions raised over AI growth as ChatGPT maker forecasts this year’s revenue at $50bn, way below the $70bn signalled beforeBusiness live – latest updatesOpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI.The ChatGPT-maker company has told investors that its revenues for this year would reach $50bn (£37bn), a projection based on sales up to the end of September. Continue reading...(The Guardian)
Palantir’s Tom Watson says ‘mob rule’ must not dictate awarding of government contracts 09. October 2026 (09:20) Former Labour deputy leader says tech firm would work with a Reform UK government on immigration crackdownsTom Watson, the former Labour deputy leader who recently joined Palantir, has warned against “mob rule” when it comes to awarding public contracts.Lord Watson, now a senior vice-president at the US tech corporation, said UK ministers could get themselves “in a lot of trouble” as he was questioned about concerns raised about the government working with his new employer. Continue reading...(The Guardian)
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