Print Mode Enable Media Only

News chronological

4 items before 1150958 (Keyword: "yum-brands" (~4 currently found))

AXIOS (Ben Berkowitz) - Anthropic, OpenAI blow past Starbucks, McDonald's amid AI boom

Data: Company reports, Funda via "Key Context"; Chart: Ben Berkowitz/Axios AI revenue is accelerating so fast that it's starting to dwarf some of the world's most recognizable brands. Why it matters: AI infrastructure spending forecasts in the trillions of dollars start to make at least a little more sense when investors see how they're paying off. By the numbers: OpenAI and Anthropic, combined, are on track for an annual revenue rate of about $120 billion, "Key Context" Substack author Tae Kim noted on Monday, via data from AI investment research platform Funda . - Anthropic makes up about 60% of that, given the company's lead with corporate customers (a lead that OpenAI is working to shrink). - Both would land in the Fortune 500's …

JUSTTHENEWS (Kevin Killough) - With sales dropping, Pizza Hut restaurant chain to be sold in $2.7 billion deal

The chain has long struggled to be viable among growing competition from delivery options. While Yum Brands' global sales grew 5% last year, Pizza Hut's sales dropped 2%.

AXIOS (Sami Sparber) - More people are treating themselves to a solo meal

Solo dining orders have soared since 2021, according to a report by one of the world's largest restaurant companies. Why it matters: Eating alone doesn't necessarily mean you're lonely. In many cases, it's about self-care . The big picture: More people are skipping group meals to treat themselves instead, per Yum Brands, the parent company of Taco Bell, KFC, Pizza Hut and Habit Burger & Grill. By the numbers: Nearly 70% of solo diners decline to use discounts, despite higher food prices and recession fears . Roughly a quarter say they're satisfying a specific craving, often snacks or drinks, per the report . - Solo orders now make up 47% of fast-food trips — compared to 31% in 2021. And at full-service restaurants, reservations for…