Generative AI
OpenAI closes $40 billion funding round, largest private tech deal on record
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images OpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record. The $40 billion financing values […]
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OpenAI funding round could be cut by $10 billion if for-profit conversion doesn’t occur by year-end
Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into […]
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AI’s vibe-coding era: How the shift to apps changed the race
Value within the artificial intelligence industry is slowly shifting, from the companies developing models to the apps building on top of them. Early in the AI race, critics viewed apps like Perplexity, Replit, Sesame and Abridge as second-rate middlemen, slapping an interface on someone else’s technology. They were disparagingly known as AI wrappers: companies with […]
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Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to “correct its course.” The message was as a rallying cry by one of China’s most prominent […]
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OpenAI expects revenue will triple to $12.7 billion this year, source says
OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty Images OpenAI expects revenue will triple to $12.7 billion in 2025, CNBC has confirmed. Bloomberg was first […]
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‘Some more banana skins in front of us’: Why investors may want to increase exposure to bonds
ETF Edge ‘Some more banana skins in front of us’: Why investors may want to increase exposure to bonds Published Sat, Mar 22 202511:00 AM EDT Yaritza Diaz WATCH LIVE Source
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How the U.S. is losing ground to China in nuclear fusion, as AI power needs surge
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed. Often called the holy grail of clean energy, nuclear fusion creates four times more energy per kilogram of fuel […]
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Goldman Sachs offers its newest option for downside protection in volatile markets
Goldman Sachs Asset Management is trying to serve more investors looking for downside protection from market turmoil. Bryon Lake helped the firm launch its newest buffer exchange-traded fund this month: the Goldman Sachs U.S. Large Cap Buffer 3 ETF. “I’m an investor. You’re an investor. The folks watching are investors, and there’s an incredible amount […]
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Americans lost $5.7 billion to investment scams in 2024, FTC says. Here’s how to protect yourself
Key Points Americans reported losing $5.7 billion to investment scams in 2024, according to the Federal Trade Commission. The typical victim lost more than $9,000 on average. “Pig-butchering scams” are a common investment fraud whereby scammers develop a relationship with victims, entice them to invest money and then swindle them. There are three common signs […]
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Meet the 21-year-old helping coders use AI to cheat in Google and other tech job interviews
A person walks past the entrance to a Google building in Dublin, Feb. 15, 2023. Artur Widak | Anadolu | Getty Images After landing internship offers from Amazon, Meta and TikTok, computer science student Chungin “Roy” Lee has decided to move to San Francisco. But he won’t be joining any of those companies. Instead, Lee will […]
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