Leaked financial docs show OpenAI is losing billions of dollars a year
… Kyle Orland has been the Senior Gaming Editor at Ars Technica since 2012, writing primarily about the business, tech, and culture behind video games. …
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GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it
… It could be a much larger business, but bringing in an entrepreneurial mindset is what I plan on doing.” At another point, Cohen said that GameStop is in a “very difficult business” and “should have been bankrupt multiple times over, and it’s doing okay, it’s making a few bucks. eBay is in a very, … …
Famously secret about its finances, SpaceX opens its books for the first time
After nearly a quarter of a century operating as a private company, with its financial accounts a closely guarded secret, SpaceX on Wednesday afternoon released a detailed accounting of its business in a nearly 400-page S-1 filing with the US Securities and Exchange Commission. …
As Grok flounders, SpaceX bets future on beating Big Tech at AI
… SpaceX described its traditional space launch and satellite business as playing a supporting role to its fledgling AI business in financial disclosures that preceded an expected initial public offering of company stock. …
Amazon devices chief says a new smartphone is “just not the goal”
… Additionally, Amazon’s devices business has been struggling to turn a profit for years. In 2024, The Wall Street Journal reported that Amazon’s devices unit lost $25 billion from 2017 to 2021. In 2022, Business Insider reported that Alexa would lose $10 billion that year. …
Allstate accuses Broadcom of auditing it because it quit VMware, CA
… In the lawsuit filed in May 2025, CA accuses Allstate of copyright infringement and breach of contract by selling Allstate’s Employer Voluntary Benefits business and the Symantec products that the business used to Oregon-based insurance company StanCorp Financial Group. …
The Nintendo Switch 2 is getting more expensive later this year
… In an announcement of the impending price increase today, Nintendo cited “changes in market conditions” and “the global business outlook” that are “expected to extend over the medium to long term.” That’s likely a reference to the climbing RAM and storage prices that have been impacting all sorts o… …
Google just had its first negative cash flow quarter due to massive AI spending
… But free cash flow is an important metric that goes to the overall health of a business. …
Sony acknowledges backlash, “cautiously” moves ahead with end of PlayStation discs
… When asked about the financial impact of Sony’s decision to end disc production, Ishii, a corporate communications executive, said Sony has yet to see an impact and noted that content sales are largely “digitized” already. “Therefore, as a result of the discontinuation of a disc, we don’t see that … …
Tesco moving 40,000 server workloads off VMware amid Broadcom's “abusive conduct”
… One of Tesco’s recent filings, per The Register, reads: Faced with Broadcom’s abusive conduct, and given the criticality of virtualization and mainframe software and services to its business, Tesco has been forced to incur material costs to procure alternative solutions with reduced functionality, … …