| |  | Feb 23, 2026 | | | | | Supported by |  | | | | | | Welcome back! Sam Altman says the idea of putting data centers in space now is "ridiculous." President Trump calls on Netflix to kick former Biden administration official Susan Rice off its board. OpenAI forecasts steeper revenue growth and higher cash burn.
| | | | OpenAI CEO Sam Altman called the concept of putting data centers in space right now "ridiculous," taking aim at rival Elon Musk's argument for why he is taking the merged SpaceX-xAI public. "It will make sense some day," Altman said, speaking at an event in India. He added that "the very rough math of launch costs relative to the cost of power we can do on Earth, to say nothing of how you're going to fix a broken GPU in space and they do break a lot still unfortunately…we are not there yet." Other executives have made similar points in recent months, as Musk has fuelled talk of data centers in space replacing earth-based facilities. Amazon Web Services CEO Matt Garman said a few weeks ago that existing technology was "pretty far" from making data centers in space. | | | | President Donald Trump called on Netflix to kick former Biden administration official Susan Rice off its board, "or pay the consequences." His comments came after Rice said on a podcast that if Democrats win control of the House of Representatives this fall "there will be an accountability agenda" where companies that broke the law will be "held accountable." Trump's threat could complicate Netflix's hopes of winning regulatory approval for its purchase of Warner Bros. Discovery's streaming operations and film studio. Netflix is competing against Paramount Discovery, whose controlling shareholder, the Ellison family, is already seen as having stronger ties to Trump. In the podcast, Rice called out media outlets like CBS which settled legal action from the Trump administration with big payments "even though they had very strong and meritorious defenses to a defamation claim." Rice noted that the Democrats wouldn't "violate the law the way they do, but we're not going to be suckers." Trump's comments, in a Truth Social post, were in response to an earlier one from Laura Loomer, who called on Trump to "kill the Netflix-Warner Bros. merger now." | | | | OpenAI recently raised its outlook for revenue for the next five years, predicting it would generate about 27% more than previously forecast from sales of its ChatGPT subscriptions and other business lines, The Information reported Friday. But it warned it will burn more than twice as much cash through 2030 than previously predicted, as it spends $665 billion on the costs of running and training its AI. The company expects revenue to rise to about $30 billion this year and $62 billion next, eventually hitting $284 billion in 2030. Costs are rising swiftly, adding to its cash burn, which will rise to $25 billion this year and $57 billion next year. Higher costs for running its models caused the ChatGPT maker to fall short on its targets for gross margins last year, which fell to 33% from 40% in 2024 and short of its 46% target. | | | | Nvidia is planning to release a new chip in the first half of this year for consumer laptops and desktops in collaboration with Taiwanese chip designer MediaTek, The Wall Street Journal reported. PC makers such as Dell Technologies and Lenovo Group are working on products using the chip, which has both a central processing unit and a graphics processing unit on a single piece of silicon, the newspaper said. Nvidia hopes the chip will appeal to videogamers who are more willing to pay a premium for hardware, the Journal added. Although Nvidia CEO Jensen Huang publicly confirmed the existence of the MediaTek chips last month, the PC brands that plan to use them and their release schedules haven't been previously reported. Last year, Nvidia announced a collaboration with MediaTek to build a similar chip for a high-powered AI computer meant for researchers and developers, which went on sale in October. | | | | Anthropic's unveiling of Claude Code Security, a new cybersecurity tool, sent cybersecurity stocks plunging—the latest part of the software sector to be hit by anxieties about AI disruption. Anthropic's new tool detects vulnerabilities in software to help security teams defend against hackers using AI. Claude Code Security reads code the way a human security researcher would to "find and fix issues that traditional tools often miss," Anthropic said. Once vulnerabilities are detected, it suggests software "patches" to fix them. Security software stocks CrowdStrike and Okta tumbled roughly 8% and 9%, respectively. Cloudflare shares lost over 7%, Zscaler shed 5%, and SailPoint sank almost 9%. Up until Friday, cybersecurity stocks had been less affected by the software stock selloff: An exchange traded fund tracking cybersecurity stocks, the First Trust NASDAQ Cybersecurity ETF, has lost about 11% over the past six months, while overall, software stocks in the broader S&P 500 have dropped 24%. A tech lead for Cloudflare in a post on X dismissed the idea that Claude Code Security is a threat to existing firms, however, snubbing "investors who apparently think all forms of 'security' are fungible." | | | | OpenAI is developing an AI-powered smart speaker with a camera that will be able to take in information about its users and their surroundings, The Information reported on Friday. The speaker, which will likely cost between $200 and $300, will also allow people to buy things by identifying them with a facial recognition feature similar to Apple's Face ID. The speaker is one of a number of potential designs, including smart glasses and a smart lamp, that the company has come up with since acquiring device startup Io last May for close to $6.5 billion. Io was started by OpenAI CEO Sam Altman and former Apple design chief Jony Ive, who have been discussing building an AI-powered personal device since at least September 2023. OpenAI, which has more than 200 staffers working on the family of AI-powered devices, doesn't expect to ship any device to customers until at least February 2027 at the earliest, according to a court filing. The device it will ship, though, will differ from today's most popular devices like phones because it will be able to observe users through video and nudge them toward actions it believes will help them achieve their goals. In developing a device, OpenAI will be plunging into an increasingly crowded hardware market. Apple is reportedly planning a host of AI devices, including an AI wearable pin and AirPods with enhanced sensors, while Meta Platforms and Google are either already selling or planning to sell smart glasses with AI capabilities. | | | | Xbox CEO Phil Spencer and Xbox president Sarah Bond are both stepping down from their roles and leaving Microsoft, the company announced Friday. Spencer will be replaced by Asha Sharma, who was president of Microsoft's CoreAI division, which makes AI tools for developers. Sharma previously served as COO of Instacart and a vice president of product at Meta. As Xbox's CEO, Sharma will report to Microsoft CEO Satya Nadella, and Xbox game studios head Matt Booty will report to Sharma. The changes mark a shakeup in Xbox's leadership as Microsoft looks to accelerate the game studio's revenue growth. Spencer and Bond oversaw Microsoft's $75 billion acquisition of Activision Blizzard—the largest deal in Microsoft's history—which closed in 2023. Impacts of the deal have been spotty, though—Microsoft in 2024 missed Xbox revenue targets it set when calculating executive compensation, but more recently, Microsoft last fall said Xbox revenue grew by 16%, slightly exceeding last year's target. | | | | Shares of e-commerce stocks like Amazon and Shopify rose Friday after the Supreme Court struck down tariffs imposed by the Trump administration. Shopify shares were up more than 5% midday, and Amazon rose around 2%. Investors had been worried that new tariffs would result in higher prices for consumers, potentially hurting sales, or weigh on online sellers' margins. Roughly two thirds of the goods sold on Amazon come from outside sellers, many based in China or other parts of Asia. Both Amazon and Shopify had previously downplayed the impact of the tariffs on their businesses to investors last year. In August, Shopify said it hadn't seen any impact on shopper behavior, though some merchants raised their prices or added additional shopper fees to help cover the costs of the tariffs. | | | | | Popular articles By Sri Muppidi and Stephanie Palazzolo
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