OpenAI posts $6.7B in Q2 revenue as its operating loss hits $12.3B
OpenAI grew revenue 18% to $6.7 billion in Q2 while its operating loss reached $12.3 billion. Anthropic reported more than $11.5 billion and its first operating profit.
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News
What happened in AI, and what it means. Model releases, company moves, funding and regulation.
SK Hynix approves a $28.6B buyback, Korea’s largest share cancellation
SK Hynix approved a 40 trillion won buyback and cancellation, the largest in Korea, and Samsung followed with up to 110 trillion won in 2026 returns.
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Anthropic previews MHS, a standard for AI agents to operate machines
Anthropic’s Model Hardware Standard gives AI agents a common interface to lab and factory machines. Genentech, CMU and UW ran the first tests.
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Slack launches Slack Code with 4 coding agents live in team channels
Slack Code opens shared channels where Claude, Devin, Copilot and Vercel agents work in front of the whole team. Slack says over 70% of those channels close within a day, and its own post lists ChatGPT as still to come.
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Apple’s IDEA Prune cuts 2.8B models to 1.3B and lifts MMLU to 46.4%
Apple pretrains a 2.8B model it never ships, then prunes it to 1.3B under a single learning rate schedule. It reaches 46.4% on MMLU, but only just beats training the small model from scratch.
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Generalist raises $198M for robot models at a reported $3B valuation
Generalist AI sold $198.2M of stock in a Form D filed August 24. TechCrunch reports a $3B valuation with 8VC leading, neither of which appears in the filing.
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OpenAI launches an Admin plugin that makes workspace changes from chat
OpenAI shipped an Admin plugin for ChatGPT Work and Codex on August 25, letting admins read usage data and change workspace settings inside one conversation.
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OpenAI benchmarks its Jalapeño chip at 1.9x more AI work per watt
OpenAI published the first InferenceX benchmark results for Jalapeño, its custom inference chip, claiming 1.5 to 1.9 times more AI work per watt than the Nvidia GB200 and GB300 systems it was measured against.
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Perplexity launches Portable Computer, a local agent with no token fees
Perplexity Portable Computer runs on-device on an Nvidia DGX Spark, charges no token fees for local work, and reaches Windows RTX machines in September.
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Anthropic rents $45B of Nscale compute for 460MW in West Virginia
Anthropic has signed a reported $45 billion, six-year deal to rent about 460 megawatts of Nvidia Vera Rubin capacity from Nscale in West Virginia. Neither company has announced it.
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IBM launches Granite 4.2 reasoning models in 3B, 8B and 30B sizes
IBM released Granite 4.2 on August 25, 2026 in 3B, 8B and 30B sizes under Apache 2.0. Only the 8B and 30B got the agentic reinforcement learning stage.
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Hugging Face adds ColBERT training in Sentence Transformers v6.0
Sentence Transformers v6.0 adds a MultiVectorEncoder class for ColBERT-style late interaction retrieval. A 14.5-hour finetune on one RTX 3090 beat every zero-shot retriever Hugging Face tested on medical search.
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