OpenAI Rejects Apple’s Trade Secret Theft Allegations
OpenAI has denied Apple’s allegations that former employees stole trade secrets, arguing that the iPhone maker has failed to show that any confidential information was misappropriated. In a filing in a U.S. District Court...
OpenAI Reportedly Holds $5.5 Billion in SB Energy Warrants
OpenAI has been issued warrants estimated to be worth $5.5 billion in power infrastructure firm SB Energy, according to a Wall Street Journal report citing draft IPO documents reviewed by the publication. The reported...
EU Designates ChatGPT, Reddit and Roblox as Very Large Platforms
The European Commission said on Monday that ChatGPT, Reddit and Roblox will have to comply with the European Union’s rules for very large online platforms and search engines under the Digital Services Act (DSA)....
U.S. Equity Funds See Biggest Outflow in Five Months
U.S. equity funds suffered their largest weekly outflow in five months in the week ended August 26, as investors reassessed the outlook for artificial intelligence ahead of Nvidia’s earnings and awaited potentially important comments...
Nvidia Forecasts 70% Revenue Growth as AI Demand Surges
Nvidia forecast a 70% jump in revenue for its next fiscal year, significantly above Wall Street expectations of 44%, signaling that demand for AI computing remains exceptionally strong. Shares rose nearly 5% in extended...
Best Buy Raises Full-Year Sales and Profit Forecasts
Best Buy has raised its full-year sales and profit forecasts, betting that an artificial intelligence-driven device upgrade cycle will help offset cautious consumer spending. The U.S. electronics retailer now expects annual revenue of $42.3...
Alibaba Launches $10.2 Billion Share Sale to Fund AI Push
Alibaba shares fell sharply in Hong Kong on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share sale to finance its artificial intelligence ambitions. The company is offering HK$80...
Nvidia in Talks to Invest in Perplexity at $30B+ Valuation
Nvidia is reportedly in discussions to invest in AI search startup Perplexity as part of a funding round that would value the company at more than $30 billion, according to The Information. The potential...
Micron to Invest $10 Billion in New AI Memory Research Lab
Micron Technology said on Thursday it plans to invest $10 billion over the next decade in a newly established research laboratory in Boise, Idaho, aimed at advancing memory technologies, developing compute systems and supporting...
OpenAI Unveils ChatGPT for Teens With Stronger Safeguards
OpenAI on Tuesday introduced “ChatGPT for Teens,” a version of its AI chatbot designed for users aged 13 to 17, featuring enhanced security measures and parental controls. The new system automatically activates when a...