OpenAI – The paper fuel business magazine uk

10Jan

OpenAI, SoftBank invest $1 billion in SB Energy for Stargate infrastructure expansion

OpenAI and SoftBank Group will invest $500 million each in SB Energy to expand data centre and power infrastructure for their Stargate initiative, SB Energy said on Friday. SB Energy,…

08Jan

Elon Musk wins jury trial in lawsuit challenging OpenAI’s shift to for-profit

Washigtone: Billionaire entrepreneur Elon Musk persuaded a judge on Wednesday to allow a jury trial on his allegations that ChatGPT maker OpenAI violated its founding mission in its high-profile restructuring…

08Jan

OpenAI sets aside 10% equity for employees at $500B valuation

OpenAI last fall set aside an employee stock grant pool equivalent to 10% of the company, valued at $500 billion in October, The Information reported on Wednesday, citing two people…

31Dec

SoftBank completes $41bn OpenAI investment, takes 11% stake

SoftBank Group announced that it has completed a $41 billion investment in OpenAI, one of the largest-ever private funding rounds, which will give the Japanese firm a stake of approximately…

24Dec

New York Times reporter sues xAI, OpenAI, Google, Meta over chatbot training

An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk's xAI, Anthropic, Google, OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted…

20Dec

SoftBank races to lock in $22.5B OpenAI funding, sources says

SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap…

12Dec

OpenAI Drops GPT-5.2 After Altman’s Code Red Over Google Gemini 3

OpenAI on Thursday launched its GPT-5.2 artificial intelligence model, after CEO Sam Altman reportedly issued an internal "code red" in early December, pausing non‑core projects and redirecting teams to accelerate…

10Dec

OpenAI names Slack CEO Denise Dresser as chief revenue officer

OpenAI on Tuesday announced that it’s tapped Slack CEO Denise Dresser as its chief revenue officer. Dresser will oversee the artificial intelligence startup’s global revenue strategy across both customer success…

10Dec

Oracle rally fades as investors question OpenAI reliance and debt-heavy data center push

Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate…

09Dec

NEXTDC, OpenAI to build hyperscale AI campus in Sydney, shares jump

NEXTDC Ltd said on Friday it inked a memorandum of understanding with ChatGPT maker OpenAI to collaborate on the development of a hyperscale AI campus and graphics processing unit supercluster…

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