Overview of What’s News
The November 11 edition covers OpenAI’s rising revenue and continued losses, a rebound in tech stocks, and several U.S. political and energy stories. It also examines how Reddit and Bluesky hope to preserve human contributions as AI agents and generated content reshape the internet.
OpenAI’s Growth and AI Market Momentum
OpenAI’s third-quarter revenue nearly doubled to $10 billion, but the company continues to report heavy operating losses. The report says rival Anthropic reached $17 billion in quarterly revenue with narrower losses, as more enterprise customers choose its Claude products. OpenAI is cutting model costs and trying to attract more paying subscribers.
Tech stocks rallied on several signs of continued AI investment:
- Taiwan Semiconductor Manufacturing Co. reportedly plans to invest $500 million each in OpenAI and Anthropic.
- Alibaba plans to list its semiconductor business in Hong Kong.
- CoreWeave shares jumped after the cloud computing company reported better-than-expected third-quarter revenue, easing concerns about how it would fund data-center expansion.
Analysts also warned that the AI industry’s overlapping roles—as suppliers, customers and investors—create complex dependencies.
U.S. Political and Energy Developments
House Republicans blocked an effort to impeach Defense Secretary Pete Hegseth by a vote of 211 to 204. Representative Thomas Massie was the only Republican to support the effort. Democrats say they may revive it when they take control of Congress in January; Massie also plans another war powers vote.
Nine Kennedy family members joined a legal challenge to President Trump’s planned triumphal arch near the Lincoln Memorial and Arlington National Cemetery. They argue it would affect the view of John F. Kennedy’s gravesite and cast shadows over nearby graves. A federal judge has temporarily blocked construction amid lawsuits questioning whether the project has the required congressional approval.
A deal for Russia to supply diesel to the U.S. has stalled, with no shipments arriving since it was announced. Buyers and banks fear sanctions in the EU, UK and Switzerland, and U.S. oil companies say the country has no diesel shortage and exports more than 1.5 million barrels a day. U.S. diesel prices remain high because they track international prices; the report puts them above $6 a gallon, nearly double the price a year earlier.
Reddit, Bluesky and the Future of Human Content
At Web Summit in Lisbon, Reddit CEO Jen Wong and Bluesky CEO Rose Wang discussed how people might find trustworthy, distinctive content as bots and AI agents generate more internet traffic. A Cloudflare CEO forecast cited in the segment suggests agent traffic could outnumber human traffic by 1,000 to 1 within five years.
- Reddit relies on community discussion and upvotes and downvotes to filter posts. Wong said human experience and taste could also make Reddit’s data valuable to AI companies, which need fresh, grounded information.
- Bluesky is developing tools that let users label AI-generated content and says its underlying technology can support verification of who wrote a post. Wang described a community-led model in which creators and developers could earn money, with Bluesky taking a small platform fee.
The report also notes that Web Summit cancelled its second day because of a major storm in Portugal.