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Chipotle store front New York
(Michael M. Santiago/Getty Images)
Take the wrap

Chipotle “Mexican Grill” is coming to Mexico for the first time in 2026

The chain is expanding into its fare’s homeland — something that rival Taco Bell has already failed to do twice.

Millie Giles

Anyone in Mexico that’s stumped as to where they could possibly go to get a taco or a burrito finally has an answer: Chipotle Mexican Grill is opening its first-ever outpost in the country, the company announced on Monday.

Step asada

The California-based chain said it will partner with Alsea — a Mexico City-based restaurant operator that has successfully brought brands like Starbucks, Chili’s, and the Cheesecake Factory to Latin America — to open a new location in Mexico in early 2026. In the press release, Chipotle confidently cited “familiarity with [their] ingredients” as a reason why the brand’s “classically-cooked” food will “resonate with guests in Mexico.” 

However, American takes on its southern neighbor’s cuisine don’t always hit in the Mexican market. Even Yum! Brands’ Taco Bell, the biggest Mexican restaurant chain in the US with over 8,000 locations, has twice tried — and twice failed — to open in the country.

Chipotle and Taco Bell sales chart
Sherwood News

Despite its failure in the home of its namesake fare, Taco Bell has still seen sales soar over the last decade, peaking at $17 billion last year. And while Chipotle isn’t quite at that level going into its southern expansion, it’s growing more quickly than its closest rival, with restaurant revenues up 15% year over year.

Fillings the gap

Though it’s opened more than 90 international units since 2008, including 58 locations in Canada and 20 in the UK, Chipotle has never expanded to the native land of many of its dishes. Now, though, could be the perfect time.

As prices of produce imported from Mexico to the US are expected to rise on President Trump’s 25% tariffs, Chipotle has been on a mission to find avocados from alternate sources to make its (famously not free) guacamole, along with many other imported ingredients. Opening restaurants in its primary supplying country not only keeps menu prices low in stores in that region, but could also help to hedge against higher costs domestically by staying close to the source, per Quartz.

Even with Chipotle’s prices surging in recent years, it seems that people keep coming back for the chain’s fresh, customizable creations — regardless of the fact that its burrito bowls and salads aren’t exactly what you’d get in Mexico. But, with Taco Bell serving as an example of a rapidly growing, rapidly modernizing chain that just couldn’t crack the Mexican market, time will tell whether Chipotle’s calidad will outshine its autenticidad among local consumers.

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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

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
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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.

“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.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

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