OpenAI has achieved an annualized revenue of $12 billion in the first seven months of the year, signaling a rapid growth driven by its ChatGPT products, which have around 700 million weekly active users. The company also increased its projected cash burn to $8 billion for 2025 while seeking additional investments, including $7.5 billion in commitments from various shareholders.

OpenAI has raised $8.3 billion in new funding, bringing its total fundraising to $40 billion, as its annual recurring revenue is projected to exceed $20 billion by year-end. The surge in capital reflects increasing investor interest in AI, with competitors like Anthropic also seeking substantial funding. Notably, OpenAI is collaborating with a UAE firm to establish a data center in Abu Dhabi.

Walmart has partnered with OpenAI to enable shoppers to make quicker purchases using the ChatGPT AI chatbot, reflecting a shift in consumer shopping habits. CEO Doug McMillon emphasized that this innovation will enhance the eCommerce experience, making it more personalized and enjoyable. The financial details of the deal remain undisclosed, but Walmart's shares rose significantly following the announcement.

OpenAI is embedding its AI tools, including ChatGPT, into college education, aiming to enhance learning experiences from orientation to graduation. Universities like California State University and Duke are adopting these technologies to support students, while concerns about potential negative impacts on critical thinking and ethical issues persist.