Nation of Debt: Business debt hits $143 billion, 3275 firms enter liquidation

While business debt can be a tool for growth, smaller firms are facing hard decisions.

OpenAI's ad business hits $1 billion annualized revenue run rate  Reuters

Aug 31 : OpenAI on Monday said ChatGPT Ads, the company's advertising business, has reached $1 billion in annualized revenue run rate, as adoption picks up and global expansion rolls out.The company started testing ads in ChatGPT U.S. earlier this year and has steadily expanded to add advertisers and tap into more mark

OpenAI's move to serve ads in ChatGPT earlier this year drew ridicule from its chief rival, Anthropic, in the form of a Super Bowl commercial.

New company reportedly quickly fell behind with promised repayments to administrator A recruitment executive who was allowed to buy back the assets of his bust company in instalments, despite it accumulating almost £3m of debt, has placed his new business into liquidation after falling behind with promised payments to