Market Reaction: Software Stocks Fall

Ads are finally coming to ChatGPT. Why everyone online can’t stop talking about going on Claude benders. Elon’s case against OpenAI moves forward again. The Thinking Machines saga roils on again. And the big movie about AI every is apparently watching.

• OpenAI brings advertising to ChatGPT in push for new revenue (FT)
• OpenAI's Revenue Soars Past $20 Billion After 233% Jump—But Explosive Growth Comes With Massive Compute Costs And A $17 Billion Burn Rate (Benzinga)
• Claude Is Taking the AI World by Storm, and Even Non-Nerds Are Blown Away (WSJ)
• ‘No Reasons to Own’: Software Stocks Sink on Fear of New AI Tool (Bloomberg)
• Musk Seeks Up to $134 Billion Damages From OpenAI, Microsoft (Bloomberg)
• Thinking Machines Exodus Tests Investor Appetite for a $50 Billion Valuation (The Information)
• There’s a Hit Movie Set Deep Inside an AI Lab—and It Will Give You Goosebumps (WSJ)

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