OpenAI’s nonprofit arm showed revenue of $45,000 last year, even though company is worth billions

OpenAI’s nonprofit branch disclosed a modest revenue of $45,000 for the past year, a stark contrast to the company's staggering valuation of $86 billion, primarily attributed to the success of ChatGPT. The nonprofit's financial details surfaced through its 990 filing with the Internal Revenue Service (IRS), mandated for organizations...

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China’s Surging Demand for Commodities Defies Economic Trends.

In a surprising turn of events, China's insatiable demand for commodities is breaking the mold of a slowing macroeconomic growth narrative. Recent observations by investment giant Goldman Sachs have revealed that China's demand for commodities, particularly copper, iron ore, and oil, has surged beyond expectations. Copper, the red metal...

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Meta Brings Chatbots, Image Editing to Social Media Apps.

Meta, the parent company of Facebook, is set to revolutionize social media apps with the introduction of chatbots and image editing features. Meta brings chatbots enhancements that will elevate user experiences and unlock exciting possibilities for social media enthusiasts. Chatbots have gained significant popularity in recent years, and Meta...

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