The public has lost trust in AI.
@IrenaCronin and I write this newsletter every week.
Public trust could become one of AI’s biggest challenges. People may push back if they think AI only helps big companies, wealthy investors, or government agencies. For AI to be
BUSINESS
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Public trust in AI fades as benefits perceived for elites only
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OpenAI market share drops below 50% as Microsoft seeks alternatives
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and now OpenAI’s market share is down below 50% and *Microsoft* is publicly looking for cheaper alternatives.
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OpenAI and Anthropic may never be profitable, but investors don’t care
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Between high costs, Chinese competition and the death of tokenmaxxing, OpenAI and Anthropic may well never be profitable in a sustained way — but the good news for them is that investors obviously don’t care about any of that anymore!
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Microsoft considers hosted DeepSeek V4 for cheaper Copilot Cowork
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Axios reports that Microsoft is considering a Microsoft-hosted version of DeepSeek V4 as a cheaper model option for Copilot Cowork. Microsoft says Copilot Cowork cannot work with unlimited pricing. "We have users who
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DeepSeek’s $6 million claim misleading, excludes billions in prior costs
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The DeepSeek moment was extraordinary PR.
— Nina Schick (@NinaDSchick) 16 juin 2026
A claim that a frontier model was trained for $6 million wiped over $1 trillion from US tech markets overnight.
But the number is misleading.
The $6 million refers only to the final training run. It excludes the billions already… pic.twitter.com/OmMlqjdV2EThe DeepSeek moment was extraordinary PR. A claim that a frontier model was trained for $6 million wiped over $1 trillion from US tech markets overnight. But the number is misleading. The $6 million refers only to the final training run. It excludes the billions already
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Sora shows hype leads to number one but not profit
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7/ At the end of the day, Sora proved something the whole industry is about to face. Hype gets you to number one. It does not pay the compute bill. And the bill always comes. Source: OpenAI, with figures from Forbes, Cantor Fitzgerald, WSJ, and Appfigures.
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OpenAI killed Sora; Disney learned last minute, no deal.
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5/ Three months later, OpenAI killed Sora. Disney reportedly found out less than an hour before the announcement. No agreement was ever signed. No money changed hands.
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Disney licenses characters to OpenAI for Sora video generation
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4/ Then in December, Disney agreed to a deal worth around $1 billion. Mickey Mouse, Marvel, Pixar, Star Wars, all licensed for people to drop into Sora videos. An OpenAI exec called it a shift on the level of the end of silent film.
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OpenAI’s Sora: from media success to failure in six months
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OpenAI created the most media-covered AI video application on Earth. It cost them millions per day to run. But it only earned them $2.1 million over its entire lifespan. Here is how Sora went from number one to dead in six months:
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Mastercard executive discusses virtual C-suite for small businesses using Lakebase
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“We made a virtual C-suite. It serves small business owners by creating a suite of agents to help them manage cash flow, investments and more. Standardizing on Lakebase has been critical.” Fed Cohen Freue, EVP of AI & Data Operations at Mastercard, on how a unified