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'How Delivery Is Destroying American Restaurants'

3 months 1 week ago
Nearly three out of every four restaurant orders are no longer eaten in a restaurant, according to the National Restaurant Association. The share of customers using delivery more than doubled from 2019 to 2024, and 41% of respondents in a recent poll said delivery was an essential part of their lifestyle. The transformation has fundamentally altered restaurant economics. Delivery companies charge restaurants commissions between 5 and 30%, along with fees for payment processing, advertising, and search placement. Shannon Orr runs an eight-restaurant group on the West Coast. One of her restaurants generated $1.7 million in delivery sales last year. Of that, $400,000 went to delivery companies. The restaurant, previously among her most profitable, made no money in 2024, she told the Atlantic. About a third of full-service restaurants have modified their physical spaces to accommodate the delivery boom, installing dedicated entrances, bike parking, and banks of lockers.

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OpenAI Wants To Get To $1 Trillion a Year in Infrastructure Spend, Sam Altman Says

3 months 1 week ago
OpenAI has committed to spend about $1.4 trillion on infrastructure so far, equating to roughly 30 gigawatts of data center capacity, CEO Sam Altman said on Tuesday. From a report: The statement helps clarify the many announcements the company has made with its chip, data center and financing partners. That total includes the already announced deals with AMD, Broadcom, Nvidia, Oracle and other partners. That's just the starting point, Altman said. Over time, the company would like to have in place a technical and financial apparatus that would allow it to build a gigawatt of new capacity per week at a cost of around $20 billion per gigawatt.

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