Edition Summary (20 Pages)

OpenAI’s expanding commercial model was a major theme, with its ChatGPT advertising business reaching a US$1 billion annualised run rate while the company tested outcome-based enterprise pricing. Similar pricing shifts appeared across Salesforce and Workday as AI vendors sought clearer links between usage, business results and revenue. AI infrastructure investment remained intense, led by Nvidia’s US$3.5 billion MediaTek investment, tightening memory supply and continuing data-centre expansion. Government adoption also accelerated, with ChatGPT, Grok and Gemini added to the Pentagon’s enterprise AI environment and sovereign AI initiatives advancing across the UK, India, Saudi Arabia and Australia. Meanwhile, Anthropic faced a major music copyright lawsuit, while enterprise AI security concerns were highlighted by critical ServiceNow vulnerabilities.