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 […]
Sam Altman has pushed back at the idea that OpenAI Inc. would seek federal guarantees to reduce the risk of its AI infrastructure spending spree, one day after a top executive at the ChatGPT maker suggested there may be a role for the government to help finance the technology. OpenAI CEO Sam Altman says it […]
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 […]
Amazon.com Inc. will supply OpenAI with cloud computing services under a multi-year $38-billion deal, giving the ChatGPT maker access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models. OpenAI recently turned into a for-profit enterprise. (Reuters) The agreement announced on Monday underscores the AI industry’s surging appetite for […]
Techbros Sam Altman and Elon Musk traded jibes online over the status of OpenAI Inc., after the AI company they co-founded turned into for-profit enterprise following an investment from Microsoft Corp. last week. Tesla CEO Elon Musk (left) and OpenAI CEO Sam Altman. (AFP) “You stole a non-profit,” Musk wrote on X, formerly Twitter, responding […]
OpenAI Inc. has started laying the groundwork for an IPO that could peg the ChatGPT creator’s valuaton at up to $1 trillion, setting the stage for what could be one of the biggest initial public offerings of all time. An OpenAI IPO is not our focus, so we could not possibly have set a date, […]
Nvidia Corp. has decided to make a billion-dollar investment in Nokia Oyj, as the world’s most-valued company looks to spread its AI net far and wide. Nvidia CEO Jensen Huang. (AFP) The Finnish telecom hardware maker will issue 166,389,351 new shares to the American AI chipmaker for $6.01 apiece, according to a statement on Tuesday […]
Microsoft Corp. and Open AI have struck a new deal that allows the ChatGPT maker to restructure into a public benefit corporation. That gives OpenAI a valuation of $500 billion and more freedom it its business operations. OpenAI CEO Sam Altman (left) and Microsoft CEO Satya Nadella (AFP) The deal removes a major constraint on […]
This was rumoured since much before Perplexity rolled out the Comet, Opera released a subscription based Neon browser and Google as well as Microsoft talked about an AI layer for Chrome and Edge respectively. Nevertheless, OpenAI has finally given the world a first glimpse at ChatGPT Atlas, a web browser which as the name suggests, […]
That ChatGPT is no longer an AI chatbot but an OS in itself will play out when OpenAI launches an AI device next year. Source link
