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OpenAI has talked to Saudi Arabia’s Public Investment Fund, Indian conglomerate Reliance Industries and existing shareholder United Arab Emirates’ MGX about investing in the next installment of its $40 billion financing led by SoftBank, according to two people familiar with the fundraise. The investors could put in at least hundreds of millions of dollars each, they said.
An investment in OpenAI by Saudi Arabia’s $900 billion–plus wealth fund would underscore the kingdom’s renewed interest in directly inve
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OpenAI unveiled its new flagship AI model, GPT-5, on Thursday. And with the launch, OpenAI seems to be moving more towards offering an entire AI system to its customers versus giving them the choice between models. The company said during a live-streamed presentation that it would be withdrawing user access to its older models, meaning that customers won’t be able to choose between models depending on how much they want... Read more ›
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Meta Platforms has acquired WaveForms AI, a small startup working on artificial intelligence capable of understanding emotion and mimicking it in audio form, according to a person with direct knowledge. The acquisition comes as Meta continues to overhaul its efforts in AI, after stumbles earlier this year. In June, the social media giant hired Scale AI CEO Alexandr Wang as its chief AI officer and agreed to invest $14.3 billion... Read more ›
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Tesla is disbanding its Dojo supercomputer team as its leader leaves the company, Bloomberg reported Thursday. The team had been building supercomputers powered by in-house chips that help train its vehicles’ self-driving software. Tesla plans to rely more heavily on chips from companies ... Read more ›
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Apple’s next iPhone unveiling is a month away, but OpenAI may have just sucked all the new tech product excitement out of the room with today’s GPT-5 unveiling. The livestream, featuring a parade of staffers highlighting the new flagship AI model’s range of impressive capabilities, was eerily reminiscent of an Apple iPhone event—slickly produced and tightly scripted. OpenAI’s speakers even used classic Apple phrases such as “We can’t wait for... Read more ›
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Bullish, a Peter Thiel-backed crypto exchange and owner of news outlet CoinDesk, is seeking to raise as much as $990 million in its U.S. IPO, up from its target of $629 million last week. The Cayman Islands-based company is planning to offer 30 million shares at $32 to $33 per share, it said in ... Read more ›
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Last year, when money was surging into artificial intelligence startups, even some venture capitalists involved in those deals worried that the high costs of AI and unreliable demand from businesses were setting up many startups for disappointment. Such skepticism, if not dead, is on its last legs. Monthly revenue that is doubling or quadrupling this year at startups such as OpenAI, Anthropic and Cursor-maker Anysphere have shown that businesses and... Read more ›
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Nvidia and AMD will give the U.S. government a 15% cut of the sales of their chips in China, in exchange for receiving export licenses for the Chinese market, The Financial Times reported. The unusual arrangement will affect China sales of Nvidia’s H20 and AMD’s MI308 chips, for which the U.S. ... Read more ›
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13.08.2025 10:58
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