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Hilton Hotel San Diego
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sea suite

With almost 8,500 hotels around the world, Hilton is getting into cruises

The hospitality giant’s property portfolio has doubled in just over a decade.

Tom Jones

The hotel industry is coming down with a serious case of cabin fever, as Hilton Worldwide becomes the latest lodgings chain to announce a cruise offering, following the likes of Marriott and Four Seasons, per Bloomberg reporting.

Customers — presumably many of them Poirot fans — will be able to pick from 29 suites across five decks when booking on the Waldorf Astoria Nile River Experience, a Hilton press release says. The company told Bloomberg that the new experience was less about keeping up with the competition as much as revisiting its Egyptian “floating hotel” concept from the 1960s, while their head of luxury brands also outlined that it’s not part of a move into the cruise business more broadly.

Given how quickly Hilton’s land-based expansion has ticked up in recent years, that probably makes sense.

Hilton hotels chart
Sherwood News

While the company itself was founded by Conrad N. Hilton in 1919, the first hotel to bear the now iconic “Hilton” name wasn’t opened until six years later.

Now, a full century on, the business is still finding ways to grow its vast portfolio, which includes properties like Hilton Garden Inns and Hampton, its mid-range chain that has boomed to become the world’s largest lodging brand.

Last year, Hilton opened more than two hotels on average every single day.

Embracing a more acquisitive path to growth, the brand’s overall location tally (including owned and leased properties, franchises, and hotels that the parent company manages) hit 8,447 at the end of 2024 — more than double the tally from 2013, when Hilton Worldwide went public in the biggest hotel IPO in history. Those hotels house almost 1.27 million rooms and welcomed over 220 million guests last year.

In a sign that the water might be getting pretty warm in the cruise industry, Carnival, the biggest cruise operator in the world, jumped more than 8% this morning after posting record results for the second quarter and raising its outlook for the year.

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Television Set

Streamers continued retreating from original shows in 2025

The death of “peak TV” has not been exaggerated, per a new report from Luminate.

business
Tom Jones

OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News
The Sphere In Las Vegas

Washington, DC, looks set to get America’s second Sphere

Revenue for the Las Vegas version of the big orb has soared, but the Sphere is still a money pit.

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