Generative AI
OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer
Sam Altman, chief executive officer of OpenAI, during an event in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. The new financing will allow the Japanese […]
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Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
Anadolu | Anadolu | Getty Images Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new funding brings the tech giant’s total investment to $8 billion, though Amazon will retain its position as a minority investor, according to Anthropic, the San […]
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Snowflake shares pop 19% on earnings and revenue beat
The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. NYSE Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Here’s how the company did, compared to LSEG analyst expectations: Earnings per share: […]
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Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures
Sopa Images | Lightrocket | Getty Images Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday. The report also found that OpenAI ceded market share in enterprise AI, declining from 50% to 34%. Anthropic doubled its market share […]
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Nvidia to report third-quarter earnings after the bell
Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia reports fiscal third-quarter earnings Wednesday after the market closes. Here’s what Wall Street is looking for, per LSEG consensus estimates: Revenue: $33.16 […]
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Nvidia must show Blackwell chip can drive growth in earnings report
Despite rising competition, Nvidia holds 80% of the fast-growing market for artificial intelligence chips as the tech industry’s graphics processing unit, or GPU, of choice for making and deploying generative AI software. What investors will want to see when Nvidia reports its third-quarter earnings on Wednesday is whether it can continue to grow at a […]
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Elon Musk’s xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty Images Elon Musk’s artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC’s David […]
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OpenAI to present plans for U.S. AI strategy and an alliance to compete with China
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI’s official “blueprint for U.S. AI infrastructure” involves artificial intelligence economic zones, tapping the U.S. Navy’s nuclear power experience and government projects funded by private […]
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ChatGPT rejected more than 250,000 image generations of presidential candidates prior to Election Day
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI estimates that ChatGPT rejected more than 250,000 requests to generate images of the 2024 U.S. presidential candidates in the lead up to Election Day, […]
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How Samsung fell behind in the AI boom leading to a $126 billion wipeout
A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics was once the dominant player in a type of semiconductor known as memory, putting it in a great position to capitalize on the boom of […]
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