
ChatGPT's most popular US use: personal tutor.
More than five million users of ChatGPT around the world submit more than 2.5 billion messages every day, according to a new OpenAI report. As for how they're using it? In the US, about 20 percent of messages pertain to learning, and 18 percent fall into the 'writing and communication' category, for things like drafting emails and marketing copy. OpenAI's new economic analysis
[openai.com] Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Hayden Field Posts from this author will be added to your daily email digest and your homepage feed. See All by Hayden Field
Posts from this topic will be added to your daily email digest and your homepage feed. See All AI
Posts from this topic will be added to your daily email digest and your homepage feed. See All News
Posts from this topic will be added to your daily email digest and your homepage feed.
See All OpenAI

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
BlueLinx Holdings Inc (BXC) Q2 2025 Earnings Call Highlights: Navigating Market Challenges with ...
Net Sales: $780 million, up 2% year over year. Adjusted EBITDA: $26.8 million, representing a 3.4% adjusted EBITDA margin. Adjusted Net Income: $5.6 million or $0.70 per share. Gross Margin: 15.3%, down 60 basis points from the prior period. Specialty Products Net Sales: $543 million, up 1% year over year. Specialty Products Gross Margin: 18.5%, down 80 basis points from last year. Structural Products Net Sales: $237 million, up 3.4% compared to the prior year period. Structural Products Gross Margin: 8.2%, up 30 basis points from the same period last year. Cash on Hand: $387 million at the end of the quarter. Total Debt: $376 million, with a net debt of negative $11 million. Operating Cash Flow: Negative $27 million for the quarter. Free Cash Flow: Negative $36 million for the quarter. Share Repurchase: $20 million repurchased in Q2, with a new $50 million authorization approved. Warning! GuruFocus has detected 3 Warning Signs with BXC. Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points BlueLinx Holdings Inc (NYSE:BXC) reported solid gross margins for both specialty and structural products, with net sales and volumes increasing despite challenging market conditions. The company successfully executed its product and channel strategies, resulting in market share gains and strong demand creation efforts, particularly in the multi-family segment. BlueLinx Holdings Inc (NYSE:BXC) returned capital to shareholders by repurchasing $20 million of shares in Q2 and authorized a new $50 million share repurchase program. The company's digital transformation efforts are on track, with advancements in Oracle transportation management and e-commerce transactions, enhancing operational efficiencies. BlueLinx Holdings Inc (NYSE:BXC) maintained a strong financial position with significant liquidity, allowing flexibility in strategic initiatives and capital allocation. Negative Points Market-driven price deflation continues to impact profitability, particularly in certain product categories, despite volume growth. The housing market remains soft, with high mortgage rates and economic uncertainty affecting the building materials and distribution sector. The multi-family segment, while growing, leads to longer inventory holding periods and lower gross margins due to direct sales dynamics. Competitive pressures in the market require BlueLinx Holdings Inc (NYSE:BXC) to work harder to maintain and grow its business. The company's free cash flow was negative in Q2, primarily due to lower net income, seasonal working capital changes, and increased capital expenditures. Q & A Highlights Q: How did specialty volumes trend throughout the quarter, given the slower than expected builder spring selling season? A: Shyamsundar Reddy, CEO, explained that despite a 10% year-over-year decline in housing starts, BlueLinx's strategy to create demand through multi-family and builder pull-through efforts is working. They focused on engineered wood products (EWP), millwork, and structural product categories to drive growth, supporting customers and suppliers in achieving their growth objectives. Q: Can you provide more color on the primary drivers of the strong multi-family growth and the runway for continued share gains? A: Shyamsundar Reddy, CEO, noted that early investments in multi-family projects have paid off, providing a seasonal catalyst. BlueLinx has made both operational and capital investments to support the complexity of multi-family projects, working closely with key customers to win business. They leverage their team and services to support customers, offering creative program structures that benefit suppliers, customers, and BlueLinx. Q: Has the success of the Portland Greenfield accelerated the timeline for future greenfields, especially in key Western markets? A: Shyamsundar Reddy, CEO, stated that while the success of the Portland Greenfield accelerates their ability to have successful future greenfields, the main constraint is finding the right real estate. BlueLinx has an active greenfield market pipeline and is committed to opening more greenfields, working with real estate professionals to identify sites. Q: Are there any recent changes in broader industry conditions or competition? A: Shyamsundar Reddy, CEO, mentioned that while there is more certainty regarding tariffs, which could unlock pent-up demand, there are no significant changes beyond public information. Competition remains intense, but BlueLinx is controlling the narrative by driving demand through investments in new channel focus areas. Q: How does BlueLinx manage the risk of commodity volatility in multi-family projects? A: Shyamsundar Reddy, CEO, explained that BlueLinx has built a robust system for managing structural wood products, leveraging consigned and cash-on-hand inventory. They maintain strong planning and relationships with customers to manage volatility, focusing on turn days for committed inventory and evolving arrangements to ensure win-win scenarios for customers, suppliers, and BlueLinx. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
22 minutes ago
- Yahoo
BMW's half year profit falls 29% amid tariffs and China challenges
BMW reported a sharp drop in first-half profits on Thursday, weighed down by US tariffs, currency headwinds from the dollar and challenging business conditions in China. The Munich-based automaker posted a profit after tax of €4 billion ($4.6 billion), down 29% from the same period last year and marking the third consecutive first-half decline for the company. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service Despite the setback, BMW's profit fall was less severe than that of some German rivals. Volkswagen and its Audi unit each lost more than a third of their earnings, while Mercedes-Benz's profit dropped by more than half. BMW did not disclose the exact cost of US tariffs for the first half. However, it expects tariff-related costs — including a 31% duty on its electric Minis imported from China to the EU — to reduce its automotive segment margin by about 1.25 percentage points this year, potentially costing the company a figure in the billions. Rival Audi recently estimated its own tariff burden at around €600 million. BMW, by contrast, operates a US plant that builds roughly half of the vehicles it sells in the country. Another 200,000 vehicles are exported to other markets. CFO: US footprint helps limiting tariff impact "Even despite higher tariffs, the BMW Group's business model remains intact," chief financial officer Walter Mertl said. "Our footprint in the US is helping us limit the impact of tariffs," he added. The company could benefit if tariffs on US car exports to Europe are lowered from 10% to zero, as currently being discussed. But that would fall well short of offsetting the 15% US tariffs on cars shipped from Europe. Despite these challenges and intense competition in China, especially in the electric vehicle segment, BMW maintains its full-year guidance, targeting a pre-tax profit roughly on par with last year's €11 billion. With €5.7 billion in pre-tax profit already booked in the first half, the company is on track to meet this goal. Earlier this month, BMW's sales figures had already suggested the company might weather the downturn better than its rivals. Unlike Mercedes and Audi, BMW's deliveries held nearly steady at just over 1.2 million vehicles in the first half. However, revenue fell 8% to €67.7 billion, the company said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
- Yahoo
Aker, Nscale, OpenAI plan $1 billion Norway AI facility
OSLO (Reuters) -Norway's Aker ASA said on Thursday it is partnering with Nscale Global Holdings and OpenAI to build an artificial intelligence facility in northern Norway, aiming to install 100,000 NVIDIA chips by the end of 2026. The partnership, called Stargate Norway, will use 100% renewable energy to power the AI facility, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. Stargate Norway will be owned by a 50/50 joint venture between Nscale and Aker, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable and sustainable infrastructure is now essential to remain competitive," he added. Sign in to access your portfolio