Disney invests $1 billion in OpenAI, strikes licensing deal| Business News

Walt Disney Co. agreed to invest $1 billion in OpenAI and license iconic characters like Mickey Mouse and Cinderella to Sora, OpenAI’s short-form, artificial intelligence video platform. Disney will become a major customer of OpenAI, using its tools to build new products and experiences and deploying ChatGPT for its employees. (AFP) As part of the […]

TCS, OpenAI said to be in advanced talks to build AI infrastructure in India| Business News

OpenAI is said to be in advanced talks to partner Tata Consultancy Services Ltd. to build AI infrastructure in India. That’s seen as a win-win for the world’s largest AI company and what can become the world’s largest AI-led services company. A TCS-OpenAI deal would also mark the beginning of Stargate in India. (Reuters) The […]

OpenAI debuts ChatGPT Shopping Research tool ahead of holiday season| Business News

OpenAI Inc. has unveiled a free AI shopping tool that it says can generate a personalised buyer’s guide for ChatGPT users during the upcoming holiday season in the US. ChatGPT’s new AI shopping tool is different from the regular text interaction that ChatGPT users have grown accustomed to. (Photo: Adobe Illustrator) While ChatGPT has always […]

OpenAI teams up with Foxconn to build hardware for AI data centres| Business News

OpenAI is partnering with Hon Hai Precision Industry Co. (Foxconn) to design and manufacture hardware for AI data centres, amid a grow need for AI infrastructure globally. Foxconn has separately announced a venture with Intrinsic to explore AI data centres. (Reuters) Foxconn will co-design and develop data centre server racks with OpenAI, and work to […]

Nvidia says working with Foxconn to introduce AI in manufacturing lines| Business News

Nvidia Corp. is working with Hon Hai Precision Industry Co. (Foxconn) to bring AI to the factory floor and manufacturing, CEO Jensen Huang’s son Spencer Huang said on Friday. Spencer works as a product line manager at Nvidia’s leading robotics product. Signage at the Foxconn Technology Co. battery cell plant in Kaohsiung, Taiwan (Bloomberg) Earlier, […]

Google debuts Gemini 3 AI model that can ‘read the room’ with interactive answers| Business News

Alphabet Inc.’s Google debuted an updated version of its AI model Gemini that executives said represents a “massive jump” in reasoning and coding ability. As part of the Gemini 3 rollout and in this push for growth, Google will be offering US college students Gemini Pro for free for a year. (Unsplash) The new model, […]

SoftBank offloads entire Nvidia stake for $5.8 billion in surprise move| Business News

SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence. SoftBank CEO Masayoshi Son. (Reuters) The Tokyo-based company had raised its stake in Nvidia to about $3 billion by the end […]

OpenAI wants US government loans to fund its AI investments of over $1 trillion| Business News

ChatGPT creator OpenAI, the world’s largest private company, is asking the US government to provide loan guarantees for its massive infrastructure expansion that will eventually cost more than $1 trillion. Sam Altman, chief executive officer of OpenAI Inc. (Bloomberg) Speaking at a Wall Street Journal business conference, OpenAI CFO Sarah Friar explained that government backing […]