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ChatGPT maker OpenAI was awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools, the Pentagon said in a statement on Monday. “Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both war fighting and enterprise domains,” the Pentagon said. The work will be primarily performed in and near Washington, D.C. with an estimated completion date of July 2026, the Pentagon said. OpenAI said last week that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation. OpenAI had 500 million weekly active users as of the end of March. The White House’s Office of Management and Budget released new guidance in April directing federal agencies to ensure that the government and “the public benefit from a competitive American AI marketplace.” The guidance had exempted national security and defense systems. Kanishka Singh, Reuters
Category:
E-Commerce
The most inaccurately named sale of the year will soon be held againso get your wallets ready. Amazon has announced that its annual Amazon Prime Day sales event will take place next month from July 8 to 11. Yes, Amazon Prime Day is now four days longtwice as long as in previous years. Heres everything you need to know about the summers biggest shopping event. Amazon Prime Day is now closer to a week long Back on July 15, 2015, Amazon held its first Amazon Prime Day. The now-annual event sees millions of items on Amazon go on sale for Prime members. Its a way to reward them for subscribing to Amazons subscription delivery service. The event also acts as a promotion for the service and an incentive to get other Amazon shoppers to subscribe. The inaugural 2015 Amazon Prime Day was true to its namethe event lasted just one day. It also lasted just one day when it was held the following year in 2016. But from 2017 until last year, Amazon extended Amazon Prime Day into a two-day sales event. So I know what youre thinking: This year Amazon has stretched Amazon Prime Day to three days, right? Wrong. Amazon has now announced that Amazon Prime Day is now a four-day event. Yep, in Amazons world, one day now equals 96 hours. From a math perspective, at this point it would just make more sense for Amazon to round up the Amazon Prime Day moniker to Amazon Prime Week instead of keeping the name rounded down. What are the new dates? Amazon Prime Day 2025 will kick off in the second week of July. The four-day event begins at 12:01 a.m. PDT on Tuesday, July 8, and runs until Friday, July 11. With the summer shopping event returning, for the first time for four days, Prime members have double the time to shop millions of deals with savings on pantry staples and snacks for summer gatherings to home-improvement must-haves, back-to-school supplies, health and personal care finds, family-favorite toys, best-selling books, pet essentials, and even premium and luxury splurges, Amazon said in its announcement. Does every country have Prime Day? Amazon will be holding Prime Day in most of the countries in which it operates. However, while some countries will see Prime Day 2025 fall July 8 to 11 this year, other countries will need to wait until later in the year to experience Prime Day. Amazon says the countries that will have Prime Day from July 8 to 11 include: Australia Austria Belgium Canada Colombia France Germany Italy Ireland Japan Luxembourg Netherlands Poland Portugal Singapore Spain Sweden Turkey United States United Kingdom Prime Day 2025 will happen later in the year for additional countries. However, Amazon has not revealed an exact date. The company says Prime members in the following countries can shop Prime Day deals later this summer: Brazil Egypt India Mexico Saudi Arabia United Arab Emirates What are the best Amazon Prime Day deals? Every Amazon Prime Day event sees millions of items go on sale for Prime membersfrom apparel and pet supplies to tech. But for this years Amazon Prime Day, the company is doing things a little differently. In addition to the regular swath of sale items, Amazon will also be holding time-limited sales during the event. These sales will be on select items and will be announced at midnight PDT on each day of the sales event. Amazon is calling these time-limited sales Todays Big Deals, and says the items will only remain on sale while supplies last. In other words, this is Amazons way of ensuring that people come back to its website repeatedly during the eventhoping they spend more each time. Amazon says its inaugural Todays Big Deals items will include products from brands including Samsung, Kiehls, and Levis. How does Prime Day help Amazon’s bottom line? While Amazon bills Prime Day as a sales event designed to celebrate and reward its Prime subscribers, the event naturally benefits its own already-deep pockets. Last year, Amazon announced that its 2024 Prime Day was its biggest ever, with the company selling more than 200 million items during the 48-hour event. As Prime Day has become more popular, Amazons brick-and-mortar competitors have started to hold their own annual summer sales to coincide with Prime Day. However, many of these retailers, including Target and Walmart, hold their sales for a longer period than Amazon Prime Days historic 48 hours. Sky Canaves, principal analyst at eMarketer, said in a research note, Amazons competitors had piggybacked off its success by launching their own July sales events, often up to a week long, and their revenues during Prime Day had been growing at a faster rate than Amazons. Canaves went on to say that this years doubling of the length of Amazon Prime Day will mark a major reversal in that trend. “With this years expansion to four days, Amazon is shaking up what had become a fairly predictable Prime Day playbook, Canaves said. We expect Amazon to capture 75% of U.S. e-commerce sales during this periodcompared with less than 60% in last years two-day format. According to eMarketer’s data, Amazon two-day Prime Day sales totaled $8.47 billion last year. The research firm predicts that Amazons four-day sales this year will generate $12.93 billion in sales over the 96-hour event. How much does Amazon Prime Day cost? To participate in Amazon Prime Day 2025, youll need to be a current Amazon Prime subscriber during the period from July 8 to 11. Amazon Prime subscriptions in the United States cost $14.99 per month or $139 per year. Amazon also offers a free 30-day trial for eligible customers. Even if you are a subscriber to Amazon Prime on a free trial offer, youll still be able to take advantage of all the sales Amazon Prime Day offers.
Category:
E-Commerce
For the past five years, Fast Company published an annual list of 50 LGBTQ+ people who were shaping the worlds of business, tech, politics, and culture. As the list evolvesand given the continued attacks on queer and trans peopleweve decided to change the format this year, looking more deeply into the contributions of eight notably impactful individuals. The leaders we chose to profile for 2025 are at the forefront of their fields. Chase Strangio is the first openly transgender person to argue in front of the Supreme Court. He spoke with nonbinary Olympian Nikki Hiltz about their work, and what its like to be so visible during this moment. Youll also read about Rose Marcario, former CEO of Patagonia and current partner at ReGen Ventures, who calls on other business leaders to double down on their values during a time when many executives are growing quiet, and Audrey Tang, who is working to spread pro-democracy ideas to combat negative sentiments on social media. Olympic runner Nikki Hiltz and ACLU lawyer Chase Strangio on trans equality in the Trump era As anti-trans legislation and rhetoric continue to escalate across the U.S.from sweeping state-level bans on gender-affirming care to renewed efforts to bar trans people from public lifetrans nonbinary elite runner Nikki Hiltz and ACLUs LGBTQ+ rights lawyer Chase Strangio find themselves at the intersection of justice and representation. Read more. Rose Marcario is doubling down on her values When she was CEO of Patagonia, Rose Marcario stood out as one of the most outspoken voices in business against President Donald Trump during his first term. Under her leadership, Patagonia even sued the Trump administration after he issued a proclamation to shrink public land in two national monuments. Now, in the midst of Trumps second term, Marcario is no longer at the helm of the progressive outdoor apparel company, but she’s still taking a stand. Read more. Audrey Tang wants to save democracy with pro-social media A senior fellow at the safer tech nonprofit Project Liberty Institute, Tang builds tools that she can leave behind to empower the next generation with a wider canvas. Concerned about social media algorithms that favor rageful engagement over unity, and having done ample work to maintain democracy in Taiwan, shes spreading her pro-democracy ideas globallyeven as a self-professed anarchist. Read more. How Michigan attorney general Dana Nessel is shaping the legal resistance to Trump Nessel has emerged as a formidable figure in the legal resistance to the Trump administration. In no way, shape, or form does this resemble a normal presidency, Nessel says of Trumps return to the White House. Read more. These leaders are working to ensure LGBTQ+ historyand futuresremain visible Fast Company asked leaders at three New York City-based LGBTQ+ community spacesthe Lesbian Herstory Archives, the American LGBTQ+ Museum, and the NYC LGBT Community Centerto learn more about how these groups are responding to a challenging political moment through legal action, grassroots fundraising, and making the histories of queer people more visible. Read more. Writers: Chris Azzopardi, Rebecca Barker, Jessica Klein, Pavithra Mohan, and Kristin ToussaintEditors: Kathleen Davis and Julia HerbstDesign: Alice Alves, Heda Hokschirr, Anne Latini, Cayleigh ParrishPhoto: Sandra Riao and Maja Saphir
Category:
E-Commerce
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