OpenAI Posts $6.7B in Q2 Revenue, Up 18% Quarter-over-Quarter but Losses Widen
On August 19, reports show OpenAI generated $6.7 billion in Q2 revenue, climbing from $5.7 billion in Q1—an 18% sequential jump. However, the company’s operating margin slipped further, and losses grew deeper. Some investors are underwhelmed by this performance, mainly because OpenAI’s revenue growth is trailing rival Anthropic. Anthropic pulled in over $11.5 billion in Q2 and even notched its first modest operating profit. This earnings snapshot drops just as OpenAI gears up for its highly anticipated initial public offering (IPO).
Cerebras Unveils CS-4 AI Accelerator, Claims Inference Speeds Up to 30x Faster Than GPU-Based Solutions
On August 18, local time, Cerebras rolled out its next-generation AI accelerator, the CS-4, boasting inference speeds up to 30 times quicker than GPU-based setups. The CS-4 harnesses three brand-new WSE-3 Turbo wafer-scale engines, delivering 750 PFLOPS of AI compute and 129.6 PB/s of memory bandwidth. Cerebras says that in GPT-OSS-120B testing, the CS-4 cranks out over 4,400 tokens per user per second—hitting up to 30x GPU performance. Its per-watt throughput is up to 10x that of the CS-3, and it can support models exceeding 50 trillion parameters. The CS-4 is slated to start shipping in Q3 this year.
Unitree Robotics’ Core Technical Staff See Personal Fortunes Top $100 Million
According to Yicai, on August 19, Unitree Robotics debuted on the STAR Market, surging over 500% at open with a market cap exceeding 350 billion yuan. Before the listing, Unitree had set up an equity incentive platform called Shanghai Yuyi. The prospectus shows that pre-IPO, Shanghai Yuyi held 39.8286 million shares, representing 10.9414% of the company. Mechanical structure lead Yang Zhiyu, sales and service chief Chen Li, and algorithms and software head Zhang Yangguang indirectly held 0.49%, 0.26%, and 0.15% stakes respectively through Shanghai Yuyi. Based on the 350 billion yuan valuation, their respective holdings are worth 1.715 billion yuan, 910 million yuan, and 525 million yuan.
Zhipu GLM-5.3 API Goes Live
On August 19, Zhipu’s GLM-5.3 API officially launched. This model excels at complex coding, defensive cybersecurity, and long-horizon tasks. GLM-5.3 scored 60 on the Artificial Analysis Intelligence Index (AA Composite Intelligence Index), entering the global frontier model tier—on par with closed-source flagships like Claude Fable 5 and GPT-5.6 Sol, while tying with Kimi K3 for the top spot among open-source models. GLM-5.3 is already integrated into coding platforms like ZCode and included in the GLM Coding Plan. The API is now open for calls with pricing unchanged from GLM-5.2, and model weights will be open-sourced next Friday.
JD Unveils Robotics Strategy, Plans 10 Billion Yuan Investment by 2028
Per JD’s official newsroom, on August 19, JD launched its robotics strategy built on three pillars—supply chain, services, and technology—to accelerate commercial and scenario-based deployment across the robotics industry. According to the roadmap, by 2028, JD will pour 10 billion yuan into robotics, helping 100 brands achieve independent sales exceeding 1 billion yuan each.
Microsoft’s AI Chief Marketing Officer Reportedly Set to Depart
Reports indicate that Microsoft’s AI Chief Marketing Officer, Andréa Mallard, is leaving. She joined Microsoft’s AI division from Pinterest back in January.
