Movie theatres are dead: Netflix CEO
ChatGPT has hit 20M paid subscribers
The post-Covid rebound of live events is all the more evidence that movie theaters are never coming back, Netflix co-CEO Ted Sarandos
"Nearly every live thing has come back screaming," Sarandos said. "Broadway's breaking records right now, sporting events, concerts, all those things that we couldn't do during COVID are all back and bigger than ever. The theatrical box office is down 40 to 50% from pre-COVID, and this year is down 8% already, so the trend is not reversing. You've gotta look at that and say, 'What is the consumer trying to tell you?'"
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Mo Money. Mo AI.
OpenAI raised $40B at a post-money valuation of $300B—the largest private tech deal in history SoftBank led the round, with Microsoft, Coatue, Altimeter, and Thrive in participation. SoftBank led the round with $30B.
More from OpenAI:
ChatGPT has hit 20M paid subscribers, up from 15.5M at the end of 2024, OpenAI is making $415M+ in revenue per month, or $5B/year
OpenAI's new GPT-4o-powered image generator (including Ghibli studio images) is now available to all users - a limit of three images per day for free-tier users
Thanks to DeepSeek, OpenAI is planning to release its first open-weigh language model
Who else has raised funding?
Cursor(vibe coding platform) closed $625m at $9.6B
Etched (they make specialised chip for AI companies) closed $85m at $1.5B.
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Other stuff
Amazon AGI Labs announced Nova Act, an AI agent system that can control browsers to perform tasks — This will power Amazon's next-gen Alexa+
Sesame, which makes realistic AI voice assistants, is in talks to raise $200M+ co-led by Sequoia Capital and Spark Capital, valuing the company at $1B. Note that they haven’t really launched the product yet - just the demo…and woof, a 🦄
Elon Musk's xAI is spending at least $400 million building its supercomputer in Memphis. It's short on electricity.
Elon Musk wants to install 1 million Nvdia GPUs at his "gigafactory of compute." He only has a fraction of the electricity needed to power them.
