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OpenAI CEO Sam Altman says he underestimated how slowly AI would reshape the economy as the company reported $6.7 billion in second-quarter revenue. Key Points: OpenAI reported $6.7 billion in second-quarter revenue as Altman acknowledged AI adoption is moving more slowly than he expected. Altman sa

OpenAI is urging California lawmakers to expand SB 53 with stronger frontier-model monitoring and cybersecurity rules, marking a shift from its opposition before the law was signed in 2025. Key Points: OpenAI wants frontier models monitored during training and evaluation for serious security-related

Peter Thiel's hedge fund rebuilt a $418.7 million stock portfolio around electricity, steering roughly 72% of it into power and energy companies. Key Points: Thiel Macro reported eight holdings worth $418.7 million for the quarter ended June 30, after two quarters with none. Amazon is the fund's onl

OpenAI cut developer prices for its flagship GPT-5.6 Sol model by more than 20% on Friday, dropping output tokens to $20 per million for three months. Key Points: GPT-5.6 Sol now runs $4 per million input tokens and $20 per million output tokens, down from $5 and $30. The lower rates cover the API p

AI adoption across crypto crime climbed 40% in the past year, TRM Labs said in a new index that scores criminal use at 54 out of 100. Key Points: TRM Labs put AI use across crypto crime at 54 out of 100, up from roughly 28 two years ago. Scams rank as the most mature category, while hacking and rans