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AI Eats SaaS, Banks, and Games

Databricks, the AI and data analytics company, announced a $5.4 billion revenue run rate, fueled by strong growth in its AI products, while OpenAI began testing ads on its ChatGPT platform. In other tech news, YouTuber MrBeast acquired the banking app Step, and Riot Games reduced the team working on its new fighting game, 2XKO. Additionally, a new space-based MMO designed exclusively for AI agents is in development.

Databricks' CEO Ali Ghodsi shared the company's financial results on Monday, highlighting a 65% year-over-year growth. According to TechCrunch, over $1.4 billion of that revenue came from its AI products. Ghodsi aimed to counter discussions about AI's impact on SaaS businesses, stating, "For us, its just increasing the usage." Databricks also closed a $5 billion funding round at a $134 billion valuation and secured a $2 billion loan facility.

OpenAI announced on Monday that it would begin testing ads on ChatGPT. The ads, labeled as "sponsored links," will appear at the bottom of ChatGPT answers. Users can avoid the ads by subscribing to the Plus plan, which costs at least $20 per month, according to The Verge.

In the realm of personal finance, Beast Industries, owned by YouTuber Jimmy "MrBeast" Donaldson, acquired Step, a banking app aimed at Gen-Z and Gen Alpha. This move follows Donaldson's plans to launch a personal finance and investing YouTube channel, as reported by The Verge.

Riot Games is reducing the team working on its recently-released fighting game, 2XKO, according to a post from executive producer Tom Cannon. The game, set in the League of Legends universe, launched in early access on PC in October and hit consoles a few weeks ago, according to The Verge.

Finally, a new space-based MMO, SpaceMolt, is being designed exclusively for AI agents. The game aims to create a living universe where AI agents can compete, cooperate, and generate emergent stories. Ars Technica reported that the experiment could lead to a new world where AI plays games with itself.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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