Technology Sector

OpenAI's annualized revenue run rate has surpassed $40 billion, roughly doubling its level from the end of 2025 ahead of a planned initial public offering. Co-founder and President GregBrockman informed employees that monthly revenue grew by more than 20% in July alone, driven by surging demand for coding tools like Codex, enterprise offerings such as ChatGPT Work, consumer subscriptions, and an emerging advertising business. The rapid acceleration brings the company's financial pace in line with rival Anthropic, which reported a $47 billion run rate in May, though differing accounting methods complicate direct comparisons. Both artificial intelligence pioneers have filed confidential paperwork for public market debuts, with Anthropic expected to list as early as the fall. To protect its market share against Anthropic and lower-cost alternatives, OpenAI has reduced prices on select models and overhauled its commercial leadership by appointing Dali Rajic as chief revenue officer.

Bridgeline Digital reported fiscal third-quarter revenue of $3.9 million, missing the $4.7 million Wall Street consensus while edging past the $3.8 million posted a year earlier. The software maker posted a per-share loss of $0.04 for the period ended June 30, 2026, widening from a loss of $0.07 a year prior. Core product revenue rose 13% to $2.4 million, driven by demand for its HawkSearch platform and AI-powered marketing tools. This core segment now accounts for 62% of total revenue, up from 57% in the prior-year period, helping offset flat subscription revenue of $3.1 million. Operating expenses declined to $3.0 million from $3.2 million, allowing the absolute net loss to narrow to $500,000 from $800,000. Adjusted EBITDA improved to a loss of $102,000 from a loss of $330,000. During the quarter, the company signed 19 subscription contracts totaling $1.7 million in contract value and over $370,000 in annual recurring revenue.

Netflix is closing internal game developers Night School Studio and Moonloot while cutting additional roles across its remaining games division. Night School, acquired by Netflix in 2021 as its very first studio purchase, shipped its cloud-streamed horror title Unhinged just six weeks before the shutdown. Despite co-CEO Greg Peters recently citing Unhinged and the FIFA title as top-tier cloud debuts with solid numbers, Netflix is abandoning internal development in favor of external partnerships. The closures follow a string of retreats that includes shuttering Team Blue in 2024, closing Boss Fight last October, and selling Spry Fox back to its founders in December. Helsinki-based Next Games remains Netflix's sole internal studio, while the broader games strategy narrows to four pillars: kids, party, narrative, and mainstream titles.