OpenAI Raises $110B With Backing From SoftBank, Nvidia and Amazon
OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish…
SpaceX Eyes Confidential IPO at $1.75T Valuation, Reports Bloomberg News
Elon Musk's SpaceX is aiming to file confidentially for an initial public offering that could value the rocket and satellite company at more than $1.75 trillion, Bloomberg News reported on…
Nvidia to Launch New AI Processor for OpenAI and Other Customers, WSJ Reports
Nvidia plans to launch a new processor designed to help OpenAI and other customers build faster, more efficient AI systems, the Wall Street Journal reported on Friday, citing people familiar…
Meta signs multi-billion-dollar deal to rent Google AI chips, The Information reports
Meta Platforms has signed a multi-billion-dollar deal to rent artificial intelligence chips from Google to develop new AI models, The Information reported on Thursday, citing a person involved in the…
Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood…
Hyundai Motor Group to invest $6.3 bln in AI data centre, robot factory in South Korea
Hyundai Motor Group and South Korea on Friday signed a deal to invest about 9 trillion won ($6.26 billion) to build an AI data centre, a robot manufacturing factory and…
Amazon’s $50B OpenAI Investment Tied to IPO or AGI Milestone: Report
Amazon's plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves an artificial general intelligence (AGI) milestone, The Information reported…
Nvidia’s Jensen Huang Turns Spotlight from AI GPUs to CPUs
Nvidia may have made its immense fortune on the back of specialized graphics processing units (GPUs) used to power artificial intelligence servers, but CEO Jensen Huang is increasingly professing his…
OpenAI Hires Meta AI Researcher Ruoming Pang, Says Report
OpenAI has hired Ruoming Pang, a high-profile AI researcher at Meta, who had joined the company from Apple about seven months ago, The Information reported on Wednesday, citing an OpenAI…
General Atlantic Sells ByteDance Stake in $550 Billion Valuation Deal
Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at $550 billion, two people with knowledge of the…