Enterprise
Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal
An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | Reuters Air taxi maker Joby Aviation in a new lawsuit accused competitor Archer Aviation of using stolen information by a former employee to “one-up” a partnership deal with a real […]
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Nvidia earnings takeaways: Bubble talk, ‘half a trillion’ forecast and China orders
Nvidia on Wednesday reported fiscal third-quarter earnings that beat expectations, and provided a strong forecast for the current quarter. Wall Street welcomed the report, and Nvidia stock rose after the release and during the conference call. Other stocks in the so-called artificial intelligence trade also saw a boost. A closer look at Nvidia’s report shows […]
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Nvidia says there’s ‘no assurance’ of final agreement with OpenAI despite $100 billion pact
Two months ago Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman stood side by side in San Jose, California, to announce a historic agreement between the two leaders in artificial intelligence. Nvidia would invest $100 billion over a number of years, starting in 2026, as OpenAI’s AI supercomputing facilities come online, the duo said. […]
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OpenAI rolls out ‘ChatGPT for Teachers’ for K-12 educators and districts
Zoom In IconArrows pointing outwards ChatGPT for Teachers Courtesy of OpenAI OpenAI on Wednesday announced ChatGPT for Teachers, a version of its artificial intelligence chatbot that is designed for K-12 educators and school districts. Educators can use ChatGPT for Teachers to securely work with student information, get personalized teaching support and collaborate with colleagues within […]
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Luma AI raises $900 million in funding round led by Saudi AI firm Humain
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Video generation startup Luma AI said it raised $900 million in a new funding round led by Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund. The financing, which included participation from Advanced Micro Devices’ venture arm and existing investors Andreessen Horowitz, […]
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Adobe to buy Semrush for $1.9 billion, sending marketing platform’s shares up 70%
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe said Wednesday that it reached a deal to acquire search engine marketing platform Semrush for $1.9 billion to boost its tools for marketers in the age of […]
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Larry Summers resigns from OpenAI board after release of emails with Epstein
Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty Images Former Treasury Secretary Larry Summers said Wednesday that he will resign from the board at OpenAI after the release of emails between him and the notorious sex offender Jeffrey Epstein. Summers had announced […]
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Microsoft unveils tool to help companies control, track AI agents
Microsoft made it easier for corporate workers to make AI agents that go off and do work. Now it’s demonstrating a tool that IT specialists can use to see and manage those agents. The software, named Agent 365, provides a list of artificial intelligence agents inside companies’ systems, even if they’re from other companies, Microsoft […]
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Anthropic to buy $30 billion in Azure capacity in new deal with Microsoft, Nvidia
Microsoft on Tuesday announced new strategic partnerships with Nvidia and the artificial intelligence startup Anthropic, the latest sign that the company is working to reduce its dependence on OpenAI. As part of the agreement, Microsoft will invest $5 billion into Anthropic, while Nvidia will invest $10 billion into the startup. Anthropic has committed to purchasing […]
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Klarna tops third-quarter revenue estimates in first earnings report since IPO
Key Points Klarna topped Wall Street third-quarter revenue expectations in its first earnings report since its IPO on the NYSE in September. CEO Sebastian Siemiatkowski told CNBC that the company is benefitting from U.S. growth and growing adoption of Klarna Card and fair financing. Siemiatkowski said the company isn’t yet seeing “material differences” in payback […]
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