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OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing
OpenAI is preparing to confidentially file for a U.S. IPO soon, aiming for a September debut as competition and SpaceX's filing loom.
OpenAI falls short of revenue and user targets as it races toward IPO, WSJ reports
OpenAI has fallen short of its revenue and user growth targets, raising concerns about funding its data-center costs as it prepares for an IPO.
OpenAI breaks off Microsoft exclusivity to free up path for Amazon, Google deals
OpenAI will no longer grant Microsoft exclusive access to its AI models, enabling partnerships with Amazon and Google cloud platforms.
Encyclopedia Britannica sues OpenAI over AI training
Encyclopedia Britannica and Merriam-Webster sued OpenAI in Manhattan federal court for allegedly using their content without permission to train AI models like ChatGPT.
OpenAI’s $110 billion funding round draws investment from Amazon, Nvidia, SoftBank
OpenAI secures $110 billion in funding from Amazon, Nvidia, and SoftBank, valuing the AI firm at $840 billion ahead of its planned IPO.
SoftBank completes $40B OpenAI investment
Dec 30 (Reuters) – SoftBank Group has completed its $40 billion investment in OpenAI, a source familiar with the matter said on Tuesday, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son’s bet on AI. SoftBank has been building one of the largest private technology investment programs in the world, […]
Nvidia to invest $100 billion in OpenAI to help expand the ChatGPT maker’s computing power
Nvidia will invest $100B in OpenAI to build 10 GW of AI data centers, boosting ChatGPT’s computing power and expanding global AI infrastructure.
OpenAI reaches new agreement with Microsoft to change its corporate structure
OpenAI announced a new deal with Microsoft and plans to give its nonprofit controller a $100B equity stake in its for-profit arm.
OurView: Will AI spell lights out for white-collar workers?
Perhaps the greatest symbol of tech companies’ uncanny valley visions for the AI-powered future are dark factories — also called lights-out factories, these AI-managed manufacturing plants are so fully automated that machines perform their work in full or near darkness 24 hours a day, seven days a week, without breaks — and largely without humans. […]
Elon Musk sues Apple, OpenAI in antitrust AI lawsuit
Elon Musk filed a federal antitrust lawsuit against Apple and OpenAI, alleging they conspired to block AI competition in the App Store.
Professional Services: Law firms not ready to jump headfirst into risky tech
Artificial intelligence continues to make headway into most industries, as C-suite professionals test AI-powered tools’ potential for cost savings and efficiency. Some people are even asking whether the speed of AI could finally kill off the billable hour. Not so fast, Siri. Clients often are not fans of the hourly billing model, which averaged $370 […]
It’s alive — with possibilities
Just a word of friendly warning: Our November cover story is one of the strangest tales ever told. I think it will thrill you. It may shock you. It might even horrify you. So, if any of you feel you do not wish to subject your nerves to such a strain, now’s your chance to […]
