Samsung reports Mobile Experience / Network revenue KRW 3.1T vs. KRW 2.2T y/y
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Business Insider
42 minutes ago
- Business Insider
OpenAI Hits 700 Million Users, $300 Billion Valuation as $8 Billion Cash Burn Is Projected
OpenAI is set to hit a major user milestone, reaching 700 million weekly active users. That is up 40% from 500 million at the end of March and about four times the number from the same period last year. The company says it now handles about 2.5 billion prompts each day from around 330 million individual users. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The growth comes alongside a large funding boost. OpenAI recently completed an $8.3 billion funding round at a $300 billion valuation, months ahead of schedule. The round was led by Dragoneer Investment Group, which invested $2.8 billion. Other new investors include Blackstone, TPG, and T. Rowe Price, while Andreessen Horowitz and Sequoia Capital returned. This raise is part of OpenAI's plan to secure $40 billion in 2025. The company raised $2.5 billion in March. OpenAI's annualized revenue is about $13 billion and could reach $20 billion by the end of the year if current trends hold. The funding is expected to support product development and expand its reach into more business and consumer markets. Growth Is Evident, But Costs and Competition Mount Feature updates are also playing a role in the growth. The ChatGPT Projects tool has been expanded with more research features, voice mode, and a memory system that can recall past conversations inside projects. These changes are making it easier for users to manage longer and more complex work inside the platform. OpenAI now counts more than 5 million paying business subscribers, up from 3 million in June. However, the company faces financial and competitive challenges as it expects to burn about $8 billion in cash by the end of 2025. Current projections suggest it will not reach cash-flow breakeven before 2029. Also, competition from Google DeepMind (GOOG), Meta (META), and Microsoft (MSFT) -backed AI projects is also increasing. Moreover, China-based companies are also threatening American companies' AI dominance, such as Alibaba's (BABA) Qwen 3, and DeepSeek's R1 model. In short, OpenAI's combination of rapid user growth, higher revenue, and heavy investment is impressive and even formidable. Still, retail investors will be watching to see if the company can sustain this pace while managing costs and defending its position in a fast-growing market. Using TipRanks' Comparison Tool, we've compared some of the notable companies that employ ChatGPT similar to OpenAI's ChatGPT.
Washington Post
44 minutes ago
- Washington Post
Do you want an orange iPhone or a smartphone ‘adorned' with crystals?
There are two kinds of people in the world, according to science.* There are people who debate whether to get the Titanium Jadegreen or Titanium Silverblue Samsung phone or who trade hot rumors of an ORANGE (!!!) iPhone coming soon. And there are those of us who are lazily uninterested in the color of our smartphones. I had to pop my phone out of its case to remind myself that it's black — sorry, Stormy Black, as the manufacturer dubbed it. For years, your color choices in computing were beige or beige — as in, the boring boxy beige personal computer. Now the same industry is trotting out smartphones in an unimaginable array of ever-changing colors and other eye-catching design elements. Motorola on Tuesday announced a Razr smartphone 'adorned with crystals by Swarovski.' Samsung brags that almost half of the earliest buyers of a $2,000 smartphone opted for the Blue Shadow color. When Apple came out with a yellow iPhone in 2023, it was a hot search term on Google and hundreds of news articles mentioned it (including one by me). With smartphone store shelves looking like Willy Wonka's fever dreams, it raises a question: Are these dazzling colors motivated by an industry desperate to sell you stuff — or by your desire, even if you can't admit it, for a pop of personality in your smartphone? *NOTE: This is absolutely not according to any science. I assumed black would be the runaway winner, but I didn't find much hard evidence. The research firm IDC, which tracks minutiae about smartphone sales, said it didn't have formal data about the most commonly purchased colors. Smartphone manufacturers wouldn't cough up sales numbers by color. Nabila Popal, an IDC senior research director, did venture to say that black — sorry, Black Titanium — was a favorite color for iPhone 16 Pro models. Popal thinks that buyers assume black is broadly accepted and their device will be easy to resell later. For phone protective cases, the pollster YouGov found last year that black crushed all other color contenders. YouGov says it doesn't have color popularity polls about smartphone devices, but available data does suggest that we don't care much about their color. When Americans are asked about important features in picking a smartphone, by far the most common response is battery life, cited by three-quarters of respondents, according to YouGov. Only about 23 percent of people cite 'device design/appearance' as an important feature. If it's not important to most of us, why are manufacturers pitching you vegan leather finishes, Pantone-inspired Mocha Mousse hues, or iPhone colors that pop up mid-year to juice sales? It could be that mired in a years-long sales slump, smartphone companies are trying to excite you with new colors or whatever. Most smartphone companies didn't answer my questions about this. But a spokesman for Google Pixel phones said the company's research shows that 'offering unique and thoughtful color choices is a significant factor for many customers.' A 'significant portion' of Pixel phone customers gravitate to a colorful device over a 'classic, neutral" tone, he said. It might be that we're liars, and we care more about the color and style of our smartphones than we're willing to tell pollsters like YouGov or admit to ourselves. I say that I don't care about smartphone colors, but I also remember carefully selecting a green iPhone a few years ago. Marcie Cooperman, a color theory specialist at the New School's Parsons School of Design, said that a phone color serves a similar purpose to the color you pick for your bedroom walls or your shirt. 'We like some colors, love others, and hate some more,' she said. 'We use some colors to express who we are.' Cooperman knows that others may be oblivious to color and design. 'I just wouldn't marry one of those people 😊,' she said by email. Jane Boddy, creative director of the Pantone Color Institute, described the feelings spurred by various phone colors. Soft greens and lilacs may feel calming. Bold berry colors express joy and energy. Earthy tones and matte metal finishes can make devices feel grounded and rooted in emotion, she said. You can turn up your nose at people who care about this stuff, but technology history shows the power of color in our imaginations and device sales. Starting in the late 1990s, Apple helped revive the company's fortunes with semitranslucent iMac computers in peppy colors. Apple also made its white iPod headphones an iconic visual feature and status symbol, and later did the same with its bold iPod colors. On the flip side of cool, Microsoft's Zune portable music player, released in 2006, seemed doomed when it came in a dark brown color that people compared to dog doo. After my conversations, I was convinced that even people like me who consider smartphones to be utilitarian tools really do have color preferences. If we're going to stare at this dumb slab of circuits all day, it doesn't hurt to pick a color we like. But Michael Ernst, a brand and product designer who proudly owns a black smartphone, tossed in the wrinkle of protective phone cases and phone wallet covers. (About 85 percent of us own a smartphone with a case, YouGov told my colleague Andrew Van Dam.) Those accessories often hide the expressive smartphone color that you might have thought so hard about. Ernst said that makes smartphone colors like the choice of underwear hues. 'While personal to us, our rose gold skivvies get covered up,' he said. 'Dropping new, vibrant colors may be just a marketing ploy.' Okay, let's hear it: Do you have a favorite phone color? Do you care about the color at all? Are you one of those monsters who uses a slippery, $1,000 smartphone without a case? Drop me a line!
Tom's Guide
an hour ago
- Tom's Guide
One UI 8 could make setting your Samsung Galaxy phone up much simpler — here's how
Usually, setting up a new phone is a pretty straightforward process, but even the best Samsung phones still have one annoying tendency when it comes to picking navigation preferences. However, that could soon change with One UI 8. In a recent report, SammyGuru discovered evidence that future releases of One UI 8 could allow users to choose between gesture and button navigation options while setting up the phone. This would give users the freedom to choose alongside the rest of set-up, rather than Samsung defaulting to the three-button option in the current version. This forces users to go into the display settings to change to gestures themselves if they wish to do so. Not only would this make setting up the phone less of a hassle, but it would also make it much easier when migrating from another brand. Currently, Samsung is one of the few brands that don't offer this option at the start, with most Android phones offering users the choice at the start. One UI 8 is in an interesting place, as most Samsung phones only have access to the beta. However, both the Galaxy Z Fold 7 and Z Flip 7 are now on sale with the new OS pre-installed. As such, we have a good idea of what most phones can expect when the stable version launches, which is a focus on improving the overall quality of life for Samsung users over big new features. Part of that involves noticeable improvements to features introduced in One UI 7, including changes to how useful the Now Bar is, thanks to the addition of live call handling and do-not-disturb functions to the Bar. However, not every feature we've heard of has appeared yet. For instance, there are rumors that Samsung is bringing a major improvement for Live Captions that will allow it to translate speech, matching what is available on rival devices, like Google's Pixel 9 Pro with its Live Translate feature. If you don't have one of the most recent Samsung foldables then you can download the One UI 8 beta to test many of these new features if you have a recent flagship or mid-priced Galaxy phone and live in the U.S. or U.K. Alternatively, the stable release is expected around September 2025. If you do plan on trying the beta, we'd recommend backing up your Samsung phone, as there can be issues when trying to run certain apps. Get instant access to breaking news, the hottest reviews, great deals and helpful tips.
