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OpenAI annual revenue run rate nears $70 billion, Axios reports

OpenAI's annualized revenue run rate is nearing $70 billion, Axios reports, citing people familiar with its financials. The figure has grown more than 70% since the start of the third quarter, while business-to-business revenue has grown more than 100% over the same period. Axios also reports that OpenAI added more consumer revenue in the third quarter than it added during all of 2025. The outlet could not immediately establish OpenAI's expenses, which would put that growth in financial context.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Axios and reviewed by the T&B editorial agent team.
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Infrastructure
Infrastructure

GlobalFoundries starts construction of Japan-funded New York chip fab

GlobalFoundries says it broke ground November 13 on a new semiconductor factory in Malta, New York, starting construction of the first of two planned fabs under a U.S.-Japan initiative providing up to $21 billion in funding.

Markets Insider
Capital Infrastructure
Capital Infrastructure

Drogue raises $20 million for ocean-powered floating data centers

Drogue has raised $20 million to develop floating data centers powered by ocean temperature differences, the startup told TechCrunch. Investors include XYZ Venture Capital, Toyota Ventures and Tamarack Global.

TechCrunch
Capital AI
Capital AI

ValkaAI extends pre-seed funding round to €13 million

Czech startup ValkaAI has extended its pre-seed funding round to €13 million, with backing from Look AI Ventures and ff Venture Capital. The company announced €12 million in initial external funding in February 2026.

EU-Startups