Overview

• OpenAI asked a court to compel Meta to hand over documents about any coordination with Elon Musk and xAI on an unsolicited ~$97 billion bid for OpenAI, citing communications between Musk and Mark Zuckerberg; Meta objected and noted no letter of intent was signed.
• Meta confirmed a pause on AI hiring and internal transfers during a reorganization of its Superintelligence Labs, framing the move as standard planning while recent reports detailed an aggressive and costly recruitment spree.
• A source told AFP that Meta agreed to use Google’s cloud infrastructure in a deal worth more than $10 billion over six years, one of the largest reported contracts for Google Cloud.
• OpenAI’s CFO said the company logged its first $1 billion revenue month in July and recently reached $10 billion in annual recurring revenue, yet remains constrained by GPU supply and is expanding builds through initiatives like Stargate with partners including Oracle and CoreWeave alongside Microsoft.
• Sam Altman cautioned that investors are overexcited about AI, a tone shift that dovetails with an MIT study reporting roughly 95% of enterprise generative‑AI efforts have not produced rapid revenue gains and with mixed reception to OpenAI’s latest model launch.