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OpenAI Is the Sole Investor in Its Latest Venture Fund

OpenAI is launching a second startup fund—this time pulling from its own balance sheet. An affiliate of the ChatGPT maker filed paperwork with the U.S. Securities and Exchange Commission on Wednesday indicating it has raised a $400 million sophomore fund. OpenAI launched its first startup fund, a $175 million haul, in 2021.

The Wall Street Journal
Meta, US states agree $18 bn settlement in landmark teen safety case

Meta agreed to pay a coalition of US states as much as $16.7 billion and to impose sweeping new limits on how teenagers use Facebook and Instagram, according to a court filing on Wednesday that ends a landmark trial in California.The settlement ends the trial in its second week.

AFP
Autonomous Trucks Are Here: Einride’s 27% Revenue Jump

Autonomous trucking is moving from pilot talk to real freight ops. Einride CEO Roozbeh Charli breaks down 27% revenue growth, a 60% jump in driverless hours, the Amazon middle-mile rollout, and the plan for 500 Tesla Semis on its platform. The conversation gets into what matters for carriers and fleet operators: where autonomous trucks actually […] The post Autonomous Trucks Are Here: Einride’s 27% Revenue Jump appeared first on FreightWaves.

FreightWaves
Why Nvidia says its AI partnerships aren't 'circular financing'

Nvidia (NVDA) delivered another blockbuster quarter, beating Wall Street's expectations as demand for AI infrastructure continues to surge. But amid growing scrutiny over Nvidia's investments in AI companies and data-center projects, questions about "circular financing" have taken center stage. On Nvidia's earnings call, CFO Colette Kress pushed back on that characterization, explaining why the chipmaker views its partnerships and investments as strategic opportunities, not simply a way to finance.

Yahoo Finance Video
Nvidia doubles revenue, forecasts even more AI spending

AI juggernaut Nvidia on Wednesday reported quarterly revenue of $96.2 billion, more than double from a year earlier, as the world's most valuable company beat Wall Street expectations and forecast even stronger sales ahead.Nvidia told investors to expect about $108 billion in revenue in the current quarter, well ahead of Wall Street forecasts and a signal that the company sees no near-term slowdown in AI spending.

AFP
Meta settlement puts social media industry on notice: 'There will be more'

Wednesday's historic settlement between Meta and dozens of US states could be just the start of a wave that will ripple across the social media industry, putting TikTok, YouTube and Snap under pressure to make similar changes to their apps for teens."I hope that Snapchat, TikTok and YouTube will read the writing on the wall and enter into similar settlements," Lopez said in a statement.

AFP
Q3 Earnings Outlook: Positive Revisions & Broad-Based Growth

For 2026 Q3, the expectation is that total S&P 500 earnings will increase +22.6% from the same period last year on +10.9% higher revenues, with 14 of the 16 Zacks expected to enjoy positive earnings growth and five producing double-digit growth.

Zacks
Nvidia, Meta, Revolution Medicines, Abercrombie, Intuit, Salesforce, Moderna, and More Stocks That Explain Today’s Market

Stocks traded modestly lower Wednesday ahead of Nvidia’s earnings report and after the personal consumption expenditures index, or PCE, for July revealed inflation was a bit stronger than expected. Intel rose o.9% and Broadcom declined 0.3% with investors in wait-and-see mode when it comes to chip stocks. Nvidia reported earnings after the bell, and shares rose about 4%.

Barrons.com

Investing.com -- Amazon Web Services and Nvidia announced today an expansion of their partnership to address growing demand for AI infrastructure. The companies plan to deploy 2 million additional Nvidia GPUs across AWS's global infrastructure in 2027-2028.

Investing.com