Apple beat estimates in John Ternus’s first earnings call, but memory costs loomed. Investors told Anthropic to price its IPO near $1.5T. Google banned a TV box maker for preloading malware. Binance detailed its $6.3B hack. Anthropic said RSI might be imminent. Apple reports Q4 r ...Show more
OpenAI Can't Hit Its Target
OpenAI cut its funding round to about $20B at a $1.25T valuation as the AI selloff spooked investors. Anthropic’s S-1 showed nearly $17B in quarterly revenue, Marvell agreed to buy Lumentum for $115B, and Claude Code got game-cloning limits. Sources: OpenAI now seeks ~$20B at a $ ...Show more
Bloomberg’s Caroline Hyde and Ed Ludlow discuss OpenAI becoming the largest startup after it closed a deal allowing current and former employees to sell shares at a $500 billion valuation. Plus, Tesla's vehicle sales jumped to a worldwide record in the third quarter as US buyers ...Show more
With OpenAI seeking profits, activist seeks payback to the public
A battle is brewing over the restructuring of OpenAI, the creator of pioneering artificial intelligence chatbot ChatGPT. It was founded as a nonprofit in 2015 with the goal of developing AI to benefit humanity, not investors. But advanced AI requires massive processing power, whi ...Show more
With ChatGPT in the news, I thought it was high time we take a look at OpenAI -- the company behind the controversial chatbot. From its founding in 2015 to its shift to a "capped-profit" company, we look at the organization founded with the goal of creating AI that's beneficial f ...Show more