Evening Scan

Adobe and Oracle both beat estimates this week, and the market keeps saying the same thing: cloud and AI infrastructure demand hasn't cooled at all. OpenAI just admitted it can't keep up with its own subscriber demand — a separate capacity problem.

OpenAI pauses new $200/month ChatGPT Pro subscriptions

"Unprecedented" demand for Astra is the stated reason — existing subscribers and API access are untouched, but new sign-ups are locked out. (X/@thsottiaux)

Oracle's cloud infrastructure revenue jumps 121% YoY

$7.4B against a $7.09B estimate, and the stock popped 6%+ after hours. The AI-buildout trade still has room to run. (CNBC)

TikTok rejects Meta's ad push urging rivals to settle child-safety lawsuits

This week a Texas judge found TikTok liable for lying about its own safety standards. (Axios)

“The US is now leading China by about a year in AI, and if we don't win it, we will be in a very bad position.” — President Trump, via Bloomberg