tech

David Crowther3/7/25

Americans visited ChatGPT a record 610 million times in February

While the AI trade that has propelled markets to record highs is showing signs of breaking down amid the tariff and trade turbulence of the last few weeks — with megacap tech stocks like Nvidia, Microsoft, and Alphabet, as well as smaller names like Palantir, all retreating in 2025 — Americans haven’t given up on actually using new AI tools. In fact, quite the opposite.

New data from website intelligence firm Similarweb reveals that American monthly visits to chatgpt.com, OpenAI’s web-based chatbot, have soared to 610 million, up 13% from January figures and up 83% year on year.

Traffic to ChatGPT.com hit a record high — Sherwood News

The data suggests that despite a very confusing suite of product names, the core offering — using ChatGPT for everyday questions — is quickly becoming a go-to tool for Americans.

The data also showed another fascinating quirk: visits tend spike on weekdays and subside on the weekends. Using the most recent week of data available, traffic figures tended to hover around 25 million to 26 million on Monday to Thursday before dropping modestly on Friday and then plummeting to an average of ~18 million on Saturday and Sunday, suggesting it’s predominantly being used for work.

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Report: Nvidia may lease its chips to OpenAI as part of deal

Why buy when you can rent for cheaper? That’s the thinking behind a new report from The Information that says as part of its blockbuster $100 billion investment, Nvidia is in discussions with OpenAI to lease GPUs to the company as it races to build massive data centers as part of its Stargate plan.

According to The Information, leasing GPUs from Nvidia would effectively lower the cost by 10% to 15% and protect OpenAI from owning technology infrastructure that could soon become obsolete.

While OpenAI is pulling in serious revenue, it expects to burn through $115 billion by 2029, The Information reports. Leasing the costly GPUs the company needs would reduce the amount of money it would have to raise.

In OpenAI Megadeal, Nvidia Discusses a New Business Model: Chip Leasing

In OpenAI Megadeal, Nvidia Discusses a New Business Model: Chip Leasing

While OpenAI is pulling in serious revenue, it expects to burn through $115 billion by 2029, The Information reports. Leasing the costly GPUs the company needs would reduce the amount of money it would have to raise.

Trump White House

OpenAI, Oracle, and SoftBank announce five new AI data center sites, putting Stargate ahead of schedule

Two of the sites will be in Texas, one in New Mexico, one in Ohio, and one in the Midwest.

David Crowther6h

Clash of the titans: Here are the biggest AI data center projects

Hyperion, Colossus, Prometheus, and Stargate. Our guide to the GPUs and gigawatts that make up the largest AI infrastructure projects in the industry.

Man and Girl Walking Through Aisle of Computers

tech

Rani Molla9/23/25

Meta launches federal super PAC to fight state AI policy proposals

Meta has launched a federal super PAC called the American Technology Excellence Project, spending “tens of millions” of dollars to fight what it considers “onerous AI and tech policy bills across the country,” Axios reports. Last month, Meta launched a California super PAC to back pro-AI candidates in the state.

Silicon Valley in general has been rushing behind pro-AI PACs, seeking to fight proposals like Senator Mark Kelly’s that would force AI companies to foot some of the bill for the societal ills they cause.

Exclusive: Meta launches super PAC to fight AI regulation

Exclusive: Meta launches super PAC to fight AI regulation

tech

Rani Molla9/23/25

Wedbush: Nvidia investment in OpenAI is a “watershed moment”

Wedbush Securities analyst Dan Ives thinks Nvidia’s $100 billion investment in OpenAI says a lot of things about the importance of the moment we’re in. It’s a “watershed moment,” a “Ryder Cup moment,” and a “validation sign that the AI Arms Race is heating up among Big Tech firms.” In a note this morning, Ives wrote:

“We believe the AI Revolution is now heading into its next stage of growth as the tidal wave of Big Tech capex spending coupled by enterprise use cases now exploding across verticals is creating a number of AI winners in the tech world. The last few months we have seen a major validation moment for our AI Revolution bull thesis as the cloud stalwarts Microsoft, Amazon, and Google are leading the charge on this unprecedented spending cycle. Nvidia’s recent robust earnings and demand commentary from the Godfather of AI Jensen speaks to the evolution of AI spend now spreading beyond Big Tech to governments, enterprises, energy capacity, and overall infrastructure build outs around the globe.”

He does not consider it a bubble — or at least not yet. “While there are worries about an ‘AI Bubble’ and stretched valuations we continue to view this as a 1996 Moment for the Tech World and NOT a 1999 Moment,” Ives wrote, suggesting the situation is more like the early days of the internet, when there was a lot of investment in internet companies and a lot of experimentation — and when the dot-com bubble bursting was still a few years off.

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