‼️ OpenAI says its advertising business has reached a $1 billion annualized revenue run rate, underscoring its push toward a diversified business model ahead of a widely anticipated IPO. The company began testing ads in the U.S. earlier this year, a move that drew criticism from rival Anthropic, which responded with a Super Bowl commercial.
‼️ 🧠 BREAKING: Nvidia is investing $3.5 billion in MediaTek, expanding their partnership as it seeks to bring more chipmakers into its data-center ecosystem. MediaTek will adopt Nvidia’s NVLink Fusion and newly announced NVHBM technologies to improve communication among data-center components.
‼️ BREAKING: German Consumer prices rose 2.9% year-over-year in August, up from 2.8% in July—the highest since April. Energy led the gain as Middle East tensions persist, while services and food inflation moderated.
‼️ Huawei Technologies Co. posted a deep profit decline after the Chinese tech champion grappled with rising memory costs and poured more resources into semiconductor research.
‼️ Eli Lilly will acquire Merida Biosciences for up to $2.88 billion in cash to broaden its autoimmune and allergy portfolio beyond its weight-loss and diabetes franchises.
‼️ Current and former US and Iranian officials expect the conflict to drag on for months, with both sides deadlocked and sporadic fighting breaking weeks-long lulls. “The state of neither war nor peace cannot be a sustainable solution,” UAE senior foreign-policy advisor Anwar Gargash said on X after the country intercepted an Iranian drone over its territorial waters, adding that realistic political solutions must address the crisis’s political and economic dimensions, starting with de-escalation and restoring normal navigation in the Strait of Hormuz. The UAE denied an IRGC claim that its Al Minhad airbase near Dubai was hit by missiles, saying its forces remain on high alert after fending off the drone attack.