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OpenAI to Acquire Startup Astral, Expanding Push Into Coding

OpenAI plans to acquire Astral, a startup that makes Python tools for developers, marking the ChatGPT maker’s latest investment in the fast-growing market for coding and developer services.

Sam Altman, chief executive officer of OpenAI, attends Kakao Media Day in Seoul, South Korea, on Tuesday, Feb. 4, 2025. Kakao Corp. and OpenAI have agreed to integrate ChatGPT and other AI services more deeply into Korea’s largest social media platform, another significant customer win for Altman’s startup.
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Bonanza or Bubble? Where AI Goes From Here

AI is now coding apps, drafting contracts and organizing marketing campaigns. Yet the money being spent on the technology has ballooned into a vast liability hanging over financial markets, and it's still not clear how it will all pay off
 

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PagerDuty CEO Tejada Says Software Concerns Are ‘Overbaked’

Jennifer Tejada, whose software company PagerDuty Inc. has plummeted almost 42% this year over concerns about AI disruption, said the worries are “overbaked.”

Jennifer Tejada, chairperson and chief executive officer of PagerDuty Inc., during the Fortune Brainstorm AI conference in San Francisco, California, US, on Monday, Dec. 11, 2023. The conference gathers leaders in machine learning and artificial intelligence to assess the industry and examine new business cases for AI. Photographer: David Paul Morris/Bloomberg
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OpenAI Hires Former Roblox Executive as Chief People Officer

OpenAI said Tuesday it has appointed Arvind KC as chief people officer, tapping the former Roblox Corp. executive to oversee hiring, orientation and employee development as the ChatGPT maker continues to expand.

The Open AI logo on a laptop arranged in Crockett, California, US, on Friday, Dec. 29, 2023. Microsoft has invested some $13 billion in OpenAI and integrated its products into its core businesses, quickly becoming the undisputed leader of AI among big tech firms. Photographer: David Paul Morris/Bloomberg
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OpenAI Hires Ex-UK Treasury Chief Osborne for Global AI Push

OpenAI has hired former UK Treasury chief George Osborne to lead a new effort to work with governments on building artificial intelligence infrastructure, tapping a high-profile political figure as countries race to secure the data centers and computing power needed to run advanced AI systems.

George Osborne Photographer: Simon Dawson/Bloomberg
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Companies Are Warming Up to Saying AI Is the Reason for Job Cuts

(This story was originally published on Nov. 19, 2025. On Feb. 26, 2026, Jack Dorsey’s Block said it's cutting 4,000 employees, reducing its workforce by nearly half, in a move the firm is describing as a bet on AI changing labor productivity.)

AI is increasingly being cited as a factor driving job cuts and hiring freezes.
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