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WordPress market share
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Nearly half of all internet sites run on WordPress software

Who profits from the open-source ecosystem remains contentious

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Co-founder of WordPress Matt Mullenweg has come down hard on WP Engine, a company that essentially offers WordPress-as-a-service, describing the business as a “cancer” to the content management system he helped to create over 2 decades ago.

Mullenweg — also the CEO of Automattic, which owns Tumblr and also provides similar services to WP Engine — made the remark in a recent blog post, expanding on comments he’d made at a WordPress conference. In short, the entrepreneur feels that WP Engine profits excessively from the open-source WordPress software, without contributing enough to the CMS’s ecosystem, offering a watered-down version of WordPress to customers to maximize profits.

Although Mullenweg might not be a household name, the software at the center of this dispute is a critical cog in the internet’s infrastructure. Developed back in 2003 by Mullenweg and fellow blogger Mike Little, the software’s open source nature allows others to easily build on top of it, with tens of thousands of “plug-ins” available. Today, WordPress counts Meta, Samsung, and USA Today as customers, and powers over 43% of all sites on the internet. The next most significant single player in the space is e-commerce giant Shopify, which powers just 4% of all sites tracked by W3Techs.

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xAI’s revenue is growing, but so are its staggering losses

Good news: xAI’s revenue nearly doubled to $107 million in the third quarter compared to the second.

Bad news: Its net losses grew to $1.46 billion in Q3, up from $1 billion in the first quarter, and more than 13x revenue, Bloomberg reports.

The company, which is currently worth north of $230 billion, is burning through staggering amounts of cash — nearly a billion dollars a month — in service of building data centers and developing what it calls “self-sufficient” AI that can one day power robots like Tesla’s Optimus. Meanwhile, its revenue still looks more like that of a midsize startup than a tech giant.

Despite receiving more yes than no votes, Tesla’s board didn’t approve a shareholder proposal to invest in xAI, leaving a more formal relationship between the companies unresolved, even as xAI continues to burn cash at a pace that will require steady access to outside capital.

Of course, Elon Musk’s AI company is already deeply financially intertwined with his EV company. In 2024, xAI spent nearly $200 million, largely on Tesla Megapack batteries — a figure that appears to have grown significantly in 2025.

The company, which is currently worth north of $230 billion, is burning through staggering amounts of cash — nearly a billion dollars a month — in service of building data centers and developing what it calls “self-sufficient” AI that can one day power robots like Tesla’s Optimus. Meanwhile, its revenue still looks more like that of a midsize startup than a tech giant.

Despite receiving more yes than no votes, Tesla’s board didn’t approve a shareholder proposal to invest in xAI, leaving a more formal relationship between the companies unresolved, even as xAI continues to burn cash at a pace that will require steady access to outside capital.

Of course, Elon Musk’s AI company is already deeply financially intertwined with his EV company. In 2024, xAI spent nearly $200 million, largely on Tesla Megapack batteries — a figure that appears to have grown significantly in 2025.

tech

Apple’s hardware chief is the front-runner to be the next CEO

The New York Times is the latest news organization to cite Apple sources who think the company’s hardware chief, John Ternus, will be the one to fill CEO Tim Cook’s shoes. Citing people close to Apple, the publication reports that Cook is “tired and would like to reduce his workload” and that 50-year-old Ternus is the most likely to take his place, as the company accelerates its succession planning.

The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.

The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.

tech

Morgan Stanley: Even with Nvidia’s autonomous tech, Tesla is still “years ahead” of other automakers

Nvidia’s latest autonomous tech may help traditional automakers close the distance to manufacturing driverless cars, but not to Tesla, a research note from Morgan Stanley contends. Analyst Andrew Percoco argued that while Nvidia’s tech stack offers a “capital efficient on ramp to advanced autonomy,” that still leaves automakers stuck in a “faster follower strategy.”

According to the analyst, “Tesla is years ahead of competitors when it comes to autonomy with a clear data and scale advantage.” The comment is similar to something Tesla CEO Elon Musk said in the wake of Nvidia’s announcements:

“This is maybe a competitive pressure on Tesla in 5 or 6 years, but probably longer,” Musk posted on X.

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