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Did OpenAI just spend more than $10 million on a URL?

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On Wednesday, OpenAI CEO Sam Altman posted a simple URL on X: chat.com. It automatically redirects to OpenAI's popular chatbot, ChatGPT. Previously, the domain was owned by Dharmesh Shah, the founder and CTO of HubSpot. In early 2023, Shah bought the domain chat.com for $10 million. However, just a few months later, he announced that … Read more

Elon Musk is being sued over his $1 million giveaway to voters — again

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Arizona resident Jacqueline McAferty is suing Elon Musk and his pro-Trump America PAC in federal court in Texas, alleging that the PAC's lottery of $1 million a day to registered voters in swing states was a fraud. The proposed class-action lawsuit was filed a day after a Philadelphia judge rejected the city's request to order … Read more

Judge declines to block Musk’s $1 million voter giveaways

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Elon Musk's America PAC can proceed with its $1 million giveaways to voters after a Philadelphia judge rejected an emergency request from District Attorney Larry Krasner to block them. Krasner accused the PAC of running an illegal lottery and falsely marketing the prize selection as random, even though “the winners chosen are people who showed … Read more

Sony write off ill-fated $200 million shooter Concord as a loss by closing studio permanently

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Sony have shut down Firewalk Studios, the developers behind ill-fated multiplayer hero shooter Concord, and confirmed that the game will not be returning to stores. In doing so, they are effectively striking a line through a big, red $200 million in their books – a number that some report is only part of the loss.

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Reddit is profitable for the first time ever, with nearly 100 million daily users

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Reddit just made a profit for the first time. As part of its third-quarter results released on Tuesday, the company reported a profit of $29.9 million and revenue of $348.4 million – a 68 percent increase from a year ago. The company has never been profitable in its almost 20-year history. Since going public, Reddit … Read more