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OpenAI gets $11 billion funding at $1.25 trillion valuation: ReportOpenAI completed a substantial funding round, securing $11 billion to increase its valuation to $1.25 trillion. The funding was finalized a...- SoftBank credit risk jumps to 4-year high as AI fears roil marketThe cost of insuring against a default for tech investor SoftBank Group jumped to its highest in four years on Friday as worries about AI p...
- ETtech Explainer: Why Meta is raising billions through bondsDeveloping AI models and offering AI-powered services requires enormous computing capacity. This involves building data centres, purchasing...
- OpenAI’s India user base doubles; Rapido GOV quadruplesHappy Tuesday! India has become ChatGPT’s largest market globally, with its user base doubling. This and more in today’s ETtech Morning Dis...
- Anthropic revenue jumps 1,100% ahead of IPO as AI spending commitments near $900 billionAnthropic reported a 1,100% surge in third quarter revenue to $17 billion ahead of its planned IPO later this month. However, the AI compan...
- Elon Musk vs Sam Altman: After OpenAI CEO questions people's RAM usage at home, Musk defends ordinary users with a memeElon Musk has taken a dig at OpenAI CEO Sam Altman after the latter questioned why people keep large amounts of RAM in their personal compu...
- Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAEADNOC has officially partnered with OpenAI, marking a groundbreaking step for the energy sector as it becomes the first to leverage OpenAI'...
- OpenAI cuts funding target by $10 billion: FTAI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 tri...
- Meet Lukas Biewald, who lost his CEO role at his first startup; how an unpaid internship at OpenAI helped him build an AI company behind a karate studio that sold for $1.7 billionAfter reportedly leaving the CEO role, Lukas Biewald felt that he needed to strengthen his technical knowledge as deep learning advanced. H...
- Anthropic's record IPO faces some big questionsNo startup has ever grown so fast. Investors have already grown nervous.
- When is Anthropic IPO? Tom Brown leads seven co-founders with $24 billion stake as founders pledge 80% of their wealth but could still retain controlAnthropic IPO: AI giant Anthropic filed for an IPO on Monday and is reportedly aiming to go public by the end of November. Anthropic’s IPO ...
- AI models have produced proofs challenging major theories in maths, computing, physics: OpenAIOpenAI has claimed its AI models have disproved the Exponential Time Hypothesis, which impacts computer science research. The findings incl...
- Anthropic takes AI test with filing for Wall Street debutAnthropic PBC has filed for an IPO, becoming a potential leader in AI technology. The company anticipates trading under the symbol ANT on t...
- AI bubble to burst soon? Artificial Intelligence meltdown in China but Anthropic IPO at US Stock Market tell interesting stories of AI boomAmid the billions — even trillions — at stake, worries about an AI boom are looming in the background along with concerns about keeping the...
- Anthropic files for US IPO amid AI boom, rising costs and safety concernsAnthropic has filed for a US IPO to support its ambitious AI development plans and secure funding. The company's recent financial details s...
- Anthropic unveils its US IPO filing; puts AI ambitions, costs in spotlightThe prospectus highlights Anthropic's rapid growth over the past year, fueled by Big Tech's breakneck spending that has driven a rally in A...
- OpenAI resumes frontier AI training after security overhaul, discloses flaw in widely used softwareOpenAI has resumed training its advanced AI models after taking measures to strengthen security and prevent unauthorized access. The compan...
- OpenAI president urges AI safeguards as group he funds opposes regulationOpenAI's safety practices have been in the spotlight in recent months, after the company said a swarm of its AI agents escaped containment ...
- Ahead of massive IPOs, AI companies are sketching plans to share their wealthOn Sunday, Anthropic said it would commit 5% of its shares to the Anthropic Public Benefit Fund, a new entity within the company, pending a...
- OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources sayOpenAI is working swiftly to secure funds before Anthropic's anticipated public market debut in mid-November. The fundraising effort could ...
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