Elon Musk’s xAI Acquires X in $45B Deal to ‘Unlock Immense Potential’
The merger will “combine the data, models, compute, distribution and talent” of the two companies, according to Elon Musk. In ...
East Asia is challenging Silicon Valley – by being like Silicon Valley used to be
Silicon Valley used to be known for its counter culture and its outsized vision of how tech can transform the globe. This is ...
Armed robbery in Revesby31m
East Asia Rivals Silicon Valley by Emulating Its Roots
China has the world's second-largest venture capital market, scores of startups ... In 2024, the region's market capitalisation (the value of companies' publicly traded shares) had reached US$14.3 ...
OpenAI plans to raise $40 billion to boost its AI efforts
OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank Group 9984.T at a $300 billion valuation to advance AI research, expand computational infrastructure and ...
OpenAI Finalizes $40 Billion Funding at $300 Billion Value
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 ...
OpenAI is now worth more than Chevron, McDonald's, and Salesforce
Sam Altman’s OpenAI has closed a new $40 billion fundraising deal that almost doubles the firm’s valuation and cements it as ...
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The 10 Biggest Rounds Of March: Anthropic’s Massive $3.5B Round Leads
March was a pretty good month for big rounds. To even make the list, a company needed to raise close to a quarter-billion dollars. Not surprisingly, a big artificial intelligence raise led the way.
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Sam Altman says OpenAI’s GPUs are ‘melting’ over Ghibli-style AI art: What it means
As the controversies surrounding AI emulating the style of Studio Ghibli, OpenAI seems to have run into a fresh conundrum. OpenAI CEO Sam Altman, while hailing the response to the latest image ...