Paris Air Show 2025 - Archer Midnight EVTOL

Archer’s Midnight aircraft (Nicolas Economou/Getty Images)

Archer adds Miami to its list of planned US air taxi network hubs

Archer has previously announced its plans for US air taxi networks in Los Angeles and New York City.

12/3/25 4:00AM

Electric aircraft maker Archer Aviation on Wednesday announced Miami as the location of its third planned US air taxi network, joining already-announced future networks in New York City and Los Angeles.

Archer said the goal of the network is to connect population and business centers across the region, including Miami, Fort Lauderdale, Boca Raton, and West Palm Beach, through 10-20 minute flights on its eVTOL vehicles. According to Archer, it will also offer transportation options between the three major airports in the region (MIA, FLL, and PBI).

Archer Aviation Miami map — Archer Aviation plans to launch a Miami air taxi network. (Archer Aviation)

Existing heliports at Hard Rock Stadium, home of the Miami Dolphins, and the Apogee golf club will be “readied for electric operations” to enable air taxis, and vertiports will also be developed in partnership with at least two developers in other areas in the region.

Before any of this can occur, Archer will need to receive FAA certification for its four-passenger Midnight aircraft. The company’s certification in the UAE was recently delayed out of this year, potentially pushing back its US timeline as well.

In the meantime, Archer is bolstering its path to revenue and scooping up real estate. Last month it signed a deal to supply Anduril with its electric flight tech and announced it would purchase Los Angeles’ Hawthorne Airport for $126 million.

In an interview with Sherwood News a few months ago, Archer CEO Adam Goldstein said he expects the company’s defense business to be larger than its commercial air taxi business for at least a decade.

Tom Jones18h

OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

“Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.”
“Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.”

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

“Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.”

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race — Sherwood News

A business that scales with the value of intelligence

“Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.”
“Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.”

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

“Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.”

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

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“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

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