43 articles · page 1 of 4 · showing 1 to 12
OpenAI has reportedly secured $11 billion in the first portion of a new funding round valuing the company at $1.25 trillion. The financing could reach $20 billion, below its earlier $30 billion target, as investors reassess AI valuations and infrastructure…
Meta President Dina Powell McCormick warns that opposition to data centers following the 2026 U.S. midterm elections could complicate future AI infrastructure projects. The company is…
OpenAI President Greg Brockman says the company could be ready to go public in 2027. He reported 70% quarterly growth in annualized revenue during the third quarter, with enterprise…
Anthropic’s third-quarter revenue climbed to nearly $17 billion, but computing expenses rose faster and consumed 58% of sales. The AI company disclosed higher infrastructure costs in an…
OpenAI has reportedly reduced its fundraising target from $30 billion to $20 billion ahead of a potential IPO. The company has secured approximately $11 billion in investor commitments as…
Technology shares ended October with steep losses as Intel and Reddit each plunged 29%, and the Nasdaq recorded its biggest daily decline since June. Investors are reassessing heavy…
Theranos whistleblower Tyler Shultz warns that AI investors may struggle to distinguish genuine innovation from basic chatbot wrappers. His concerns come as a new Elizabeth Holmes…
Amazon reported $201.9 billion in third-quarter revenue, missing Wall Street expectations despite 39% growth in Amazon Web Services sales. Earnings per share also fell short of forecasts…
Microsoft has introduced a voluntary exit program for approximately 60,000 eligible employees across the United States, Canada, India and the United Kingdom. The initiative offers financial…
DeepSeek has reportedly raised about 100 billion yuan ($15 billion), with CATL and Tencent among its major investors. The funding report follows the publication of U.S. restrictions on…
Anthropic and Nvidia-backed Nscale are reportedly negotiating a second $45 billion AI computing agreement following their August partnership. The proposed deal would expand data center…
OpenAI’s annualised revenue reportedly approached $50 billion in September, below earlier estimates of $70 billion, with differences in accounting methods accounting for the gap.
