Lana

We all know that big tech is spending big money on AI infrastructure, blowing as much as $675 billion on data centers, chips, and power this year alone.

But they've struggled to figure out how to make AI wash its own face.

Now, there's evidence that revenues are picking up among some frontier AI companies.

Anthropic is now on track to rake in $30 billion a year on clod sales.

OpenAI is set to pull in about $24 billion, and even the smaller firms are gathering steam.

Perplexity, for example, is on pace to hit $450 million, a 50% jump from earlier this year.

This doesn't mean that the economics have been worked out.

Companies are still burning through cash, and computing bills are still ginormous.

But it does suggest AI demand may be turning into real revenue faster than skeptics predicted.

Before we dive into the next story, it's time for our daily check-in with Carl.

You've got questions, he's got your answers.

Carl, what have you got for us?

Thanks, Carl.

Next up.

The latest energy crisis hasn't produced many winners, but EVs may just be one.

Higher gasoline prices had car buyers turning the wheel toward EVs last month.

China, the world's biggest producer, exported 349,000 all-electric and hybrid models, up 140% from a year earlier.

And it's not just BYD either, though it's the biggest.

China is the world's EV leader for a reason.

Years of home competition mean that its makers know how to scale production quickly, while its EV battery dominance keeps costs lower than international rivals.