Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff
6 months, 4 weeks ago

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff

The Hindu  

Apple, Nvidia expected to join OpenAI funding Apple and Nvidia are in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, according to media reports on Thursday. OpenAI has become increasingly important to Apple’s artificial intelligence strategy, with the iPhone maker bringing the AI firm’s chatbot, ChatGPT, to Apple devices in June as part of “Apple Intelligence.” Apple was also reported to gain an observer role on OpenAI’s board. Nvidia’s forecast dampens AI enthusiasm Nvidia dragged technology heavyweights lower after the chip maker’s earnings disappointed investors who had been hoping they would fuel fresh gains in Wall Street’s most valuable companies, and sent stocks in Asia down on Thursday. Nasdaq futures initially dropped about 1% following Nvidia’s quarterly earnings report late Wednesday, suggesting traders expected tech stocks to lose ground.

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History of this topic

OpenAI does not expect to be cash-flow positive until 2029: Report
2 days, 15 hours ago

OpenAI does not expect to be cash-flow positive until 2029: Report

The Hindu  

OpenAI is not expecting its cash flow to turn positive until 2029, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The San Francisco-based artificial intelligence bellwether is grappling with significant costs from chips, data centers and talent needed to develop cutting-edge AI systems, according to the report. Fueled by the strength of its paid AI software, …

Testing sentiments of AI market, Nvidia-backed CoreWaeve eyes up to $32 billion valuation in IPO
1 week, 1 day ago

Testing sentiments of AI market, Nvidia-backed CoreWaeve eyes up to $32 billion valuation in IPO

Firstpost  

Nvidia-backed cloud services provider CoreWeave is gearing up for a highly anticipated U.S. initial public offering, targeting a valuation of up to $32 billion. Reuters CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. initial public offering, as the Nvidia-backed startup bets on strong demand for generative artificial intelligence. CoreWeave, which …

Don’t go all-in on Nvidia stock. Here’s how to play the AI trade now.
2 weeks, 4 days ago

Don’t go all-in on Nvidia stock. Here’s how to play the AI trade now.

Live Mint  

The best strategy for buying the dip in artificial intelligence stocks isn’t going all in on Nvidia. While Nvidia is looking more attractive than it did two months ago, allocating all of one’s AI money to the company comes with the risk that it loses data center chip market share to the likes of Broadcom and Advanced Micro Devices. “Investors …

Nvidia AI Server Maker Hon Hai Posts 25% Jump in Two-Month Sales
3 weeks, 3 days ago

Nvidia AI Server Maker Hon Hai Posts 25% Jump in Two-Month Sales

Live Mint  

-- Hon Hai Precision Industry Co. posted a 25% rise in revenue during the first two months of 2025, quickening from last year in a reflection of expanding demand for AI computing. Hon Hai, which ships electronics to the rest of the world from giant production bases in China, is grappling with uncertainty surrounding Trump-administration tariffs and the sustainability of …

AI firm Anthropic valued at $61.5 billion in funding round
3 weeks, 4 days ago

AI firm Anthropic valued at $61.5 billion in funding round

The Hindu  

Anthropic on Monday announced it has raised $3.5 billion in a funding round that valued the artificial intelligence startup at $61.5 billion. The funding round was led by Lightspeed Venture Partners, and the list of those taking part included Salesforce Ventures, Fidelity Management, and Bessemer Venture Partners, according to Anthropic. Along with Claude 3.7 Sonnet, the San Francisco-based company made …

Nvidia Q4 Results Today: Will Silicon Valley’s AI leader lift Wall Street’s ‘Mag Seven’ from correction territory?
1 month ago

Nvidia Q4 Results Today: Will Silicon Valley’s AI leader lift Wall Street’s ‘Mag Seven’ from correction territory?

Live Mint  

Nvidia Q4 Results Today: Nvidia’s fourth-quarter earnings due after Wednesday’s close may be its most critical yet, coming after the emergence of China-based startup DeepSeek scrambled the outlook for AI infrastructure needs. Nvidia's much-awaited results - seen as a barometer of AI chip demand - on Wednesday could prove to be a turning point for the artificial intelligence stocks that …

Nvidia doubled profits in 2024. And its outlook is rosy despite AI jitters
1 month ago

Nvidia doubled profits in 2024. And its outlook is rosy despite AI jitters

CNN  

New York CNN — Nvidia exceeded Wall Street’s expectations as it closed out 2024, achieving stunning sales and profit growth — and much of Silicon Valley is likely breathing a sigh of relief at what the results say about the artificial intelligence industry. Expectations were heightened heading into Wednesday’s report given Nvidia’s role as a barometer of the broader tech …

Anthropic close to $3.5 billion fundraise, sources say
1 month ago

Anthropic close to $3.5 billion fundraise, sources say

The Hindu  

AI startup Anthropic is seeking $3.5 billion in a funding round that would value it at $61.5 billion, two sources familiar with the matter told Reuters on Monday. The startup behind the Claude chatbot could receive backing from venture firms Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners, the sources said. The funding round would be larger than the …

OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company
1 month, 2 weeks ago

OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The board of OpenAI unanimously rejected Elon Musk's $97.4 billion takeover bid, declaring …

OpenAI co-founder Sutskever's SSI in talks to be valued at $20 billion: Report
1 month, 3 weeks ago

OpenAI co-founder Sutskever's SSI in talks to be valued at $20 billion: Report

The Hindu  

Safe Superintelligence, an artificial intelligence startup co-founded by OpenAI's former chief scientist Ilya Sutskever last year, is in talks to raise funding at a valuation of at least $20 billion, four sources told Reuters. That would quadruple the company's $5 billion valuation from its last funding round in September, when it raised $1 billion from five investors including Sequoia Capital, …

Exclusive-OpenAI co-founder Sutskever’s SSI in talks to be valued at $20 billion, sources say
1 month, 3 weeks ago

Exclusive-OpenAI co-founder Sutskever’s SSI in talks to be valued at $20 billion, sources say

Live Mint  

By Kenrick Cai, Krystal Hu and Anna Tong - Safe Superintelligence, an artificial intelligence startup co-founded by OpenAI's former chief scientist Ilya Sutskever last year, is in talks to raise funding at a valuation of at least $20 billion, four sources told Reuters. That would quadruple the company's $5 billion valuation from its last funding round in September, when it …

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Trending News
1 month, 3 weeks ago

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China

Firstpost  

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s market values dropped by $200 billion as their cloud divisions reported weaker growth Microsoft CEO Satya Nadella reaffirmed his commitment to spending $80 billion to expand Azure, emphasising the importance of capitalising on its early …

Amazon pours fuel on Big Tech spending after DeepSeek panic
1 month, 3 weeks ago

Amazon pours fuel on Big Tech spending after DeepSeek panic

Live Mint  

There’s stepping on the gas, and then there’s flooring it. Amazon didn’t give a precise forecast but said the $26.3 billion of capital spending in the latest quarter was a run rate that will be “reasonably representative" of what the company will spend this year. Microsoft’s quarterly report last week has analysts now expecting total capital spending of nearly $94 …

Tech giants double down on their massive AI spending
1 month, 3 weeks ago

Tech giants double down on their massive AI spending

Live Mint  

Tech giants projected tens of billions of dollars in increased investment this year and sent a stark message about their plans for AI: We’re just getting started. “We think virtually every application that we know of today is going to be reinvented with AI inside of it," Amazon Chief Executive Andy Jassy said on Thursday’s earnings call. Here is a …

OpenAI CEO calls India potential AI leader, sees 10x dip in key AI module cost in a year
Trending News
1 month, 3 weeks ago

OpenAI CEO calls India potential AI leader, sees 10x dip in key AI module cost in a year

Live Mint  

New Delhi, Feb 5 Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on …

Artificial general intelligence could arrive much earlier than predicted, says SoftBank CEO Masayoshi Son
Trending News
1 month, 3 weeks ago

Artificial general intelligence could arrive much earlier than predicted, says SoftBank CEO Masayoshi Son

India Today  

The anticipation of the arrival of artificial general intelligence has been growing steadily. While OpenAI CEO Sam Altman recently said that AGI is just Twitter hype, his business partner, SoftBank CEO Masayoshi Son, has said that AGI will arrive much sooner than he predicted. Meanwhile, OpenAI CEO Sam Altman, in a recent post on X, said that AGI is just …

Nvidia stock crash: How a Brooklyn-based blogger fueled the AI giant’s $600 bn market collapse; Here’s what report says
1 month, 3 weeks ago

Nvidia stock crash: How a Brooklyn-based blogger fueled the AI giant’s $600 bn market collapse; Here’s what report says

Live Mint  

A Brooklyn-based social media blogger, Jeffrey Emanuel, on January 25, 2025, wrote a nearly 12,000-word blog post making a case for shorting one of the top chipmaking AI companies in the world, Nvidia Corp., reported the news portal MarketWatch. The blogger also cited that the Chinese AI platform DeepSeek did in a much cheaper way what big tech companies like …

OpenAI in talks to raise £32bn in new funding round – reports
1 month, 4 weeks ago

OpenAI in talks to raise £32bn in new funding round – reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy OpenAI is in early talks …

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report
1 month, 4 weeks ago

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report

Live Mint  

Masayoshi Son-led SoftBank Group is in talks to lead a funding round of up to $40 billion in ChatGPT maker OpenAI at a valuation of $300 billion, according to a Reuters report. News of the funding comes as a new Chinese AI startup, DeepSeek, has overtaken ChatGPT as the top free app on US app stores, shattering notions of American …

Microsoft and Meta defend massive AI investments amid rising competition from DeepSeek
1 month, 4 weeks ago

Microsoft and Meta defend massive AI investments amid rising competition from DeepSeek

Live Mint  

In the wake of a breakthrough by Chinese upstart DeepSeek in affordable AI computing, executives at Microsoft and Meta have defended their significant investments in AI infrastructure, despite growing concerns over mounting costs and investor impatience. This rapid progress has sparked doubts about the U.S.'s dominant position in AI, with some observers questioning whether the enormous capital investments made by …

Microsoft and Meta’s AI splurge still not enough for Nvidia
1 month, 4 weeks ago

Microsoft and Meta’s AI splurge still not enough for Nvidia

Live Mint  

That was what Microsoft and Meta Platforms have in combined capital spending in the December-ended quarter, according to the companies’ earnings reports Wednesday afternoon. And that follows a bruising run that has already clipped around 15% off the company’s stock price since last week, when a Chinese AI startup published claims about developing an advanced AI model at a fraction …

Microsoft CFO tells employees to ‘focus’ as DeepSeek release raises questions on AI spending: Report
1 month, 4 weeks ago

Microsoft CFO tells employees to ‘focus’ as DeepSeek release raises questions on AI spending: Report

Hindustan Times  

Microsoft chief financial officer told employees in an internal memo to keep their heads down and focus, according to a Business Insider report. Kevin Scott, executive vice president of AI and chief technology officer of Microsoft Corp., right, and Sam Altman, chief executive officer of OpenAI, at the Microsoft Build event in Seattle, Washington, US, on Tuesday, May 21, 2024. …

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off
1 month, 4 weeks ago

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

Associated Press  

Microsoft said Wednesday that its profit for the October-December quarter grew 10% as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology. But while its overall profits and revenue beat Wall Street expectations, it slightly missed projections for its closely-watched cloud computing business, a centerpiece of its AI efforts. Sales …

Microsoft investigates if DeepSeek-linked Group improperly obtained OpenAI data
Trending News
2 months ago

Microsoft investigates if DeepSeek-linked Group improperly obtained OpenAI data

Live Mint  

-- Microsoft Corp. and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, according to people familiar with the matter. David Sacks, President Donald Trump’s artificial intelligence czar, said Tuesday there’s “substantial evidence” that DeepSeek leaned on the output of OpenAI’s models to help …

OpenAI employee ‘terrified’ of AI pace quits ChatGPT creator
2 months ago

OpenAI employee ‘terrified’ of AI pace quits ChatGPT creator

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An AI researcher and safety officer at ChatGPT creator OpenAI has quit the …

Microsoft probes if DeepSeek-linked group improperly obtained OpenAI data, Bloomberg News reports
Top News
2 months ago

Microsoft probes if DeepSeek-linked group improperly obtained OpenAI data, Bloomberg News reports

Hindustan Times  

-Microsoft and OpenAI are probing if data output from the ChatGPT maker's technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, Bloomberg News reported on Tuesday. HT Image Microsoft's security researchers observed that, in the fall, individuals they believed to be connected to DeepSeek exfiltrating a large amount of data using the …

Nvidia is in danger of losing its monopoly-like margins
2 months ago

Nvidia is in danger of losing its monopoly-like margins

Live Mint  

IT IS Common lore in Silicon Valley that no company has a bigger moat than Nvidia, the world’s dominant supplier of chips for artificial intelligence. That was true until January 27th, when a Chinese firm called DeepSeek, bearing an AI model that it said cost less than $6m to train, blew a nearly $600bn hole in the value of the …

Microsoft investigating if DeepSeek-linked group improperly obtained OpenAI data
2 months ago

Microsoft investigating if DeepSeek-linked group improperly obtained OpenAI data

India Today  

Microsoft and OpenAI are probing if data output from the ChatGPT maker's technology was obtained in an unauthorised manner by a group linked to Chinese artificial intelligence startup DeepSeek, Bloomberg reported on Tuesday. Microsoft's security researchers observed that, in the fall, individuals they believed to be connected to DeepSeek exfiltrating a large amount of data using the OpenAI's application programming …

How DeepSeek devastated the US tech industry
Trending News
2 months ago

How DeepSeek devastated the US tech industry

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Nvidia and Broadcom both saw their value drop by around a fifth “DeepSeek’s release of a premium …

DeepSeek is a lesson from history we should have learned by now
2 months ago

DeepSeek is a lesson from history we should have learned by now

The Independent  

There were car manufacturers before Henry Ford came up with the Model T. The past teaches us that – but then how many of today’s tech titans pay any regard to yesteryear? There was the US chipmaker, seemingly impervious to anything, the world’s most valuable company, and along comes Chinese start-up DeepSeek with news it can undercut the market in …

OpenAI launches ChatGPT Gov for U.S. government agencies amid DeepSeek’s rising popularity
2 months ago

OpenAI launches ChatGPT Gov for U.S. government agencies amid DeepSeek’s rising popularity

Live Mint  

Microsoft-backed artificial intelligence OpenAI has introducedChatGPT Gov, a specialised version of its widely recognised AI model tailored for use by U.S. government agencies. OpenAI CEO responds to rising competition The launch coincides with a statement from OpenAI CEO Sam Altman, who indicated that the company would accelerate certain product releases. Challenges and opportunities in a competitive market DeepSeek’s meteoric rise …

Trump issues warning about Chinese AI startup DeepSeek to US tech titans after cheaper breakthrough rattled stock markets
2 months ago

Trump issues warning about Chinese AI startup DeepSeek to US tech titans after cheaper breakthrough rattled stock markets

Daily Mail  

President Donald Trump has branded Chinese AI startup DeepSeek as a 'wake-up call' for US tech titans after fears of upheaval in the AI gold rush rocked Wall Street. President Donald Trump has branded Chinese AI startup DeepSeek as a 'wake-up call' for US tech titans after fears of upheaval in the AI gold rush rocked Wall Street Liang Wenfeng, …

DeepSeek demolishes Nvidia stock, CEO loses $20 billion in a day: Why was the tech giant worst hit?
Top News
2 months ago

DeepSeek demolishes Nvidia stock, CEO loses $20 billion in a day: Why was the tech giant worst hit?

Firstpost  

The surprise success of China’s AI startup, DeepSeek, led to tech stocks being hammered in the US market. Nvidia, the leading supplier of AI chips, was largely impacted; its shares plunged 17 per cent, shedding $600 billion in value and its CEO, Jensen Huang, lost 20 per cent of his net worth. Nvidia’s Huang is poorer by nearly $20 billion …

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices
2 months ago

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The reveal of a new …

Tech Shares Feel The Tremors Of Chinese AI Model DeepSeek, Nvidia Stocks Crash 17 Per Cent
2 months ago

Tech Shares Feel The Tremors Of Chinese AI Model DeepSeek, Nvidia Stocks Crash 17 Per Cent

ABP News  

Tech shares across the world suffered a massive hit following the emergence of the Chinese artificial intelligence model, DeepSeek. Tech giant, Nvidia, saw a bloodbath in the US markets as it crashed 17 per cent on Monday, reported Reuters. The company considered to be the face behind the AI boom in recent years saw a wipeout of $593 billion from …

World’s richest people suffer $108 billion loss on DeepSeek fuelled tech selloff
2 months ago

World’s richest people suffer $108 billion loss on DeepSeek fuelled tech selloff

Live Mint  

A tech selloff fuelled by Chinese AI developer DeepSeek wiped off a combined $108 billion from the world's 500 richest people's wealth, led by Nvidia Corp. co-founder Jensen Huang. Hunag's fortune declined by 20% or $20.1 billion while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss was larger in absolute terms, but represented just 12% of his fortune, according to …

China’s DeepSeek wipes off over $1 trillion in US stocks, sends Microsoft, NVIDIA & Google crashing
2 months ago

China’s DeepSeek wipes off over $1 trillion in US stocks, sends Microsoft, NVIDIA & Google crashing

Firstpost  

In the aftermath of DeepSeek’s meteoric rise, Apple surpassed NVIDIA to become the most valuable company in the US, and other tech giants like Google and Microsoft also saw significant losses Despite the restrictions, DeepSeek was able to build an impressive AI model using resources that were less expensive and less powerful than what competitors typically rely on. In the …

Trump says Chinese AI chatbot DeepSeek a 'wake-up call' as US stocks tank $1 tn
Top News
2 months ago

Trump says Chinese AI chatbot DeepSeek a 'wake-up call' as US stocks tank $1 tn

Firstpost  

The introduction of a Chinese chatbot on Monday knocked $1 trillion off the top US tech index, igniting the fight for dominance in artificial intelligence This photo illustration shows the DeepSeek app on a mobile phone in Beijing. AFP US President Donald Trump said Monday that the low-cost Chinese AI model DeepSeek was a “wake-up call” for US firms after …

‘Wake-up call’: How a Chinese startup could rock Trump’s stock market
2 months ago

‘Wake-up call’: How a Chinese startup could rock Trump’s stock market

Politico  

“A Chinese AI company releasing such a capable open-source model should be a wake-up call for America,” Chamath Palihapitiya, a major Silicon Valley investor, Trump donor and co-host of the popular “All-In” Podcast, wrote in his Substack. Last week, he signed an executive order to boost the technology, which he said would drive growth, “enhance our economic and national security, …

Silicon Valley rattled by low-cost Chinese AI
2 months ago

Silicon Valley rattled by low-cost Chinese AI

Raw Story  

by Alex PIGMAN Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating. On his first full day in office, Trump last week announced a major AI infrastructure project with OpenAI and Japan's SoftBank, emphasizing …

Nasdaq, S&P 500 fall; China’s DeepSeek AI model hits tech shares
2 months ago

Nasdaq, S&P 500 fall; China’s DeepSeek AI model hits tech shares

The Hindu  

The S&P 500 and the Nasdaq ended sharply lower on Monday as Nvidia and other chipmakers sold off after surging popularity of a low-cost Chinese artificial intelligence model raised investor worries about the outlooks for current AI leaders in the United States. Chinese startup DeepSeek has rolled out a free assistant it says uses cheaper chips and less data, raising …

Wall Street Today: Tech-heavy Nasdaq down 4%, Nvidia crashes 17%; What’s behind the US stock market rout? 5 key factors
2 months ago

Wall Street Today: Tech-heavy Nasdaq down 4%, Nvidia crashes 17%; What’s behind the US stock market rout? 5 key factors

Live Mint  

Wall Street Today: US stocks dropped sharply on Monday, January 27, led by technology shares, after surging interest in Chinese startup DeepSeek's low-cost artificial intelligence model rattled Silicon Valley. Here are five key factors that weigh on the US stock market sentiment: 1.China's AI powerhouse DeepSeek rattles Silicon Valley DeepSeek’s app had already hit the top of Apple’s App Store …

DeepSeek AI buzz puts tech stocks on track for $1 trillion wipeout
2 months ago

DeepSeek AI buzz puts tech stocks on track for $1 trillion wipeout

Hindustan Times  

Chinese artificial intelligence startup DeepSeek rocked global technology stocks Monday, raising questions over America’s technological dominance. Buzz grew over the weekend about DeepSeek’s latest AI model being cost-effective while running on less-advanced chips, casting doubt on the validity of the rich valuations for companies like Nvidia Corp., which has led the global AI stock boom as its chips have been …

Nvidia shares fall after China's DeepSeek AI release triggers tech stock selloff
2 months ago

Nvidia shares fall after China's DeepSeek AI release triggers tech stock selloff

Hindustan Times  

Nvidia Corp shares plunged early today during premarket trading in the US after Chinese artificial intelligence startup DeepSeek appeared to provide comparable performance to Western chatbots, but at a fraction of the price, Bloomberg reported. Chinese startup DeepSeek's eponymous AI assistant rocketed to the top of Apple Inc.'s iPhone download charts, stirring doubts in Silicon Valley about the strength of …

DeepSeek's 'Sputnik Moment' sends Nvidia and AI giants reeling amid cost revolution
2 months ago

DeepSeek's 'Sputnik Moment' sends Nvidia and AI giants reeling amid cost revolution

India Today  

Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on Western companies' dominance in this sector. Startup DeepSeek last week launched a free assistant it says uses less data at a fraction of the cost of incumbent players' models, possibly marking a turning …

OpenAI’s Stargate deal heralds shift away from Microsoft
Trending News
2 months ago

OpenAI’s Stargate deal heralds shift away from Microsoft

Live Mint  

Microsoft’s absence from OpenAI’s Stargate announcement follows months of tension between the companies and signals a new era in which the longtime partners will be less reliant on each other. Last year, OpenAI and Microsoft discussed building their own supercomputer for training OpenAI models but it didn’t happen, people familiar with the matter said. It will also continue to build …

Microsoft relaxes data center grip on OpenAI amid $500 billion joint venture
Trending News
2 months, 1 week ago

Microsoft relaxes data center grip on OpenAI amid $500 billion joint venture

The Hindu  

Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new AI data centers in the United States. Microsoft, in a blog post, said it has "approved OpenAI's ability to build additional capacity, primarily …

OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer
2 months, 1 week ago

OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer

Live Mint  

SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture to fund artificial intelligence infrastructure in the United States with a new joint venture called 'Stargate'. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison in the presence of President Trump, who called it the …

Trump to announce up to $500 billion in AI infrastructure investment: Report
2 months, 1 week ago

Trump to announce up to $500 billion in AI infrastructure investment: Report

Hindustan Times  

President Donald Trump is due to announce private sector investment of up to $500 billion to fund artificial intelligence infrastructure on Tuesday, two sources told Reuters. OpenAI, SoftBank and Oracle plan a Texas-based joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years, the sources said. Trump …

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?
2 months, 1 week ago

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?

Salon  

OpenAI, as you likely know, is one of tech’s biggest unicorns. We need your help to stay independent Subscribe today to support Salon's progressive journalism In a 6,000-word Q&A with Altman, Bloomberg inquired how the company prices "technology that’s never existed before." "What if equity value has nothing to do with current or future profits, and instead is derived from …

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