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Guinness hat at St. Patrick's day celebration
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It’s a very happy St. Patrick’s Day for Guinness owner Diageo, as sales soar for the famous two-part pour

Over 1.8 billion pints are sold every year.

Sláinte! Today is St. Patrick’s Day, a celebration of the patron saint of Ireland that first originated in the Emerald Isle but is now celebrated everywhere from the States, to Singapore, to the UAE… not least because of the massive Irish diaspora, with ~10 million citizens having emigrated from Ireland since 1800.

But at the heart of the parades, shamrocks, and questionable leprechaun getups on display today stands one of the longest-held Irish institutions: the 250-year-old, Dublin-born stout, Guinness. March is always a shining highlight for the black stuff, as St. Paddy’s, which sees ~13 million pints of Guinness consumed, coincides with the Six Nations, a Guinness-sponsored rugby tournament — with Google searches for the drink spiking annually around this time.

However, over the last few years, Guinness has cemented its place in the mainstream, reaching regions and consumer segments previously impenetrable to it. Net sales were up 13% worldwide year over year for the six months up to December 31, 2024, according to parent company Diageo, with particularly strong bumps in North America (up 17%) and Europe (up 19%).

Guinness Sales
Sherwood News

Pulling power

Having seen a turnaround in the wake of the pandemic — perhaps in part because purists were drawn back to bars and pubs for the “perfectly poured” draft — Guinness has been a bright spot in Diageo’s beer segment, which made up 16% of the drinks giant’s sales in FY24 against a challenging backdrop throughout the booze industry.

Guinness’ secret? Trending on social media, with the craze of “splitting the G” going viral on TikTok; appealing to a broad spectrum of drinkers, as Diageo notes that the number of female Guinness drinkers is up 50% year on year; and, per The Economist, aligning better with modern palates on account of its distinctive “smoky tang.”

Zero dark… Alcohol-free Guinness has also been booming, as consumers continue to shift away from alcohol. Diageo reported that net sales of Guinness 0.0% more than doubled in Europe in fiscal 2024, and the alternative now accounts for ~3% of Guinness volumes globally.

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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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business

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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