Nvidia posts $68B revenue as AI compute demand surges
Nvidia reported record quarterly revenue of $68 billion, driven by surging demand for AI compute, while navigating export restrictions and potential partnerships with OpenAI.
Monday, August 3, 2026
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Nvidia reported record quarterly revenue of $68 billion, driven by surging demand for AI compute, while navigating export restrictions and potential partnerships with OpenAI.
Accountant Alan Cole won $128,000 on Kalshi by betting against the prediction that the Department of Government Efficiency would reduce U.S. federal spending.
Stripe’s 2025 data reveals startups are reaching $10 million in annual recurring revenue significantly faster, with double the number hitting that milestone within three months.
OpenAI COO Brad Lightcap says the company has not yet really seen AI penetrate enterprise business processes at scale, despite strong global demand and revenue growth.
Stripe’s latest secondary transaction values the company at $159 billion, marking about a 74% increase over the previous year’s valuation.
IQM, the Finnish quantum-computing company, has announced plans to go public via a special purpose acquisition company (SPAC) at a valuation of approximately $1.8 billion.
Microsoft has replaced its top gaming leadership with former CoreAI executive Asha Sharma, signaling a potential strategic pivot toward AI-integrated video games.
Lucid Motors is laying off 12% of its global workforce to improve operational efficiency while continuing production of its Gravity SUV and upcoming mid-size platform.
Japanese sex toy manufacturer Tenga confirmed a data breach after an unauthorized party accessed an employee email, potentially exposing personal information for approximately 600 US customers.
OpenAI and Anthropic are expanding into India, even as their CEOs displayed public friction at a New Delhi summit amid an intensifying corporate rivalry.
Snap’s direct revenue business hit a $1 billion annualized revenue run rate, driven by its Snapchat+ service, which has now surpassed 25 million subscribers globally.
Canva reached $4 billion in annual recurring revenue by the end of 2025, driven by a 20% increase in monthly active users and a strategic pivot toward AI-first tools.
Fractal Analytics shares fell 7% in its public market debut, reflecting investor caution toward Indian software stocks despite the company's pivot to AI.
Rivian’s software joint venture with Volkswagen Group is stabilizing its finances as the company expects to deliver between 62,000 and 67,000 vehicles in 2026.
Figure Technology confirmed a data breach involving stolen files after a social engineering attack, with hackers publishing 2.5 gigabytes of allegedly stolen data.
Roku reported $1.4 billion in Q4 revenue and plans to launch new streaming bundles and expand its "Howdy" subscription service to drive future profitability.
Dutch telecommunications provider Odido confirmed a data breach affecting more than 6.2 million customers, exposing personal information but leaving core network operations intact.
Canadian AI startup Cohere surpassed its 2025 revenue target, hitting $240 million with strong growth, as the company eyes a potential IPO in 2026.
Pinterest shares dropped 20% after missing Q4 revenue and earnings expectations, though the company reported user growth that exceeded forecasts.
IBM plans to triple its U.S. entry-level hiring in 2026, shifting job descriptions toward human-centric tasks to counter the potential automation of traditional entry-level roles.