OpenAI on Friday revealed more details about its plan to get its for-profit arm out from under its nonprofit’s control, changes which The Information first reported on in June. In a blog post, the ChatGPT maker said it planned to convert its existing for-profit entity into a public benefit ... Read more ›
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To train artificial intelligence–powered robots to pick a book off a shelf a decade ago, researchers had to direct the robots to perform the task roughly 500 times before the robots learned to imitate the motion, recalls Brad Porter, founder and CEO of Collaborative Robotics, which is developing robots to work in hospitals and warehouses. These days the robots can successfully grab a book after only 20 trials—which is “much... Read more ›
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Chinese e-commerce giant Alibaba Group has agreed to create a joint venture with South Korean retailer E-Mart. The new South Korean e-commerce joint venture could be valued at about $4 billion, Bloomberg reported. The companies plan to launch the joint venture next year, according to a ... Read more ›
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A lot of eyes were on Netflix on Christmas Day—not just to see whether the Kansas City Chiefs could clinch their home-field advantage in the playoffs by beating the Pittsburgh Steelers (they did), or if Beyoncé could put on a Super Bowl–worthy halftime show during a regular-season game in Houston (she did). Those eyes were also scrutinizing the event to see whether Netflix could successfully stream NFL games a month... Read more ›
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Netflix said its exclusive live streams of two Christmas Day NFL games on Wednesday drew more than 24 million viewers, on average—a high point in live sports streaming but typical for what NFL games attract on broadcast TV. In total, Netflix said its two NFL telecasts reached nearly 65 million ... Read more ›
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Leaders of Microsoft and OpenAI have talked a lot publicly about artificial general intelligence, a term that has been defined as when artificial intelligence can surpass human performance in a variety of tasks. But behind the scenes, the companies last year agreed that AGI would be achieved ... Read more ›
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To sell more artificial intelligence, Microsoft has bundled its Copilot AI assistant—which is similar to ChatGPT—with its Office 365 productivity apps in Australia and Southeast Asia for individual customers. It’s also charging them a higher subscription for the new bundle, prompting at least ... Read more ›
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Dealmakers, it’s been a history-making year. OpenAI raised $6.6 billion, the largest venture capital fundraise in history—only to have Databricks beat that record with its $10 billion haul in December. Then there were the acqui-hires, topped by Google paying $2.7 billion for the talent and technology behind Character AI.But the year wasn’t just up and to the right. Several well-known startups shut down, including fintech Synapse, which filed for bankruptcy... Read more ›
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Finally, a verifiable, numbers-based description of artificial general intelligence has arrived!Whether AGI has or hasn’t been “achieved” by AI developers has been a hotly debated topic due to its fuzzy and subjective definition. OpenAI has publicly described AGI as automated systems that outperform people at “most economically valuable work,” but nobody can agree on what that means.Now we have clarity, thanks to this story Amir and I published this morning.... Read more ›
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OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a for-profit corporation. His biggest hurdle is Microsoft, which has outsize influence on the process after having committed more than $13 billion to OpenAI. The companies have been negotiating potential changes in OpenAI’s structure since around October. Those talks have focused on four areas: Microsoft’s equity stake in the for-profit entity; whether... Read more ›
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As the Teamsters union ramps up an organizing push aimed at Amazon, the owners of the thousands of independent companies that deliver orders for the e-commerce titan are growing increasingly jittery about their future. In a private chat group for owners of those businesses—subcontractors whom Amazon says are the legal employers of the hundreds of thousands of drivers that wear Amazon uniforms and drive Amazon vans—the mood is dark. Some... Read more ›
1
Taiwan’s antitrust regulator on Tuesday said it would block Uber’s proposed $950 million acquisition of Foodpanda’s food delivery service on the island. The regulator, the Taiwan Fair Trade Commission, said the bid for the Taiwanese business of Foodpanda, which is owned by Germany’s Delivery ... Read more ›
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Christmas Eve is usually the last day of a frantic holiday sprint for staff at e-commerce and logistics companies, after which they can expect to kick back and enjoy a comparatively calm couple of months. Not this year. Virtually any business that moves its products across borders has to be on guard as world leaders jockey to position themselves ahead of Donald Trump’s inauguration and a likely escalation in the... Read more ›
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Founders Fund is in talks with investors to raise around $3 billion for a new growth-stage-focused fund, according to a person with knowledge of the fundraising efforts. The fundraising efforts, expected to culminate early next year, come after the Peter Thiel-led firm cut the size of its eighth ... Read more ›
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The gifting season is upon us, with kids and adults alike tearing into their new toys and gadgets while must-have presents from just a few years before sit forgotten. Venture capitalists can probably relate. In the tech world, we’re wrapping up year two of VCs splurging on shiny new artificial intelligence startups. AI startups to automate coding, customer service and sales are under every tree, and maybe a really good... Read more ›
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For popular China-based Amazon merchants, bargain site Temu has been an attractive new place to sell their wares. And Amazon hadn’t been doing much to stop them from branching out. That’s all changed in recent weeks, several major Amazon merchants said. Amazon representatives have been offering incentives such as free advertising and lower commissions if merchants agree to stop selling on Temu, managers at two large China-based merchants said. Read more ›
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Elon Musk’s xAI, which develops conversational artificial intelligence in competition with OpenAI, said Monday it raised a $6 billion in equity financing round from a slew of investors, including new ones from the Middle East. The company did not disclose a valuation but it had previously ... Read more ›
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Workers at an Amazon warehouse in North Carolina have filed for a union election, according to organizers and a National Labor Relations Board filing on Monday. Organizers from Carolina Amazonians for Solidarity and Empowerment said in a press release that they believed at least 30% of workers ... Read more ›
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Over the past year, OpenAI has dropped not-so-subtle hints about its revived interest in robotics: investing in startups developing hardware and software for robots such as Figure and Physical Intelligence and rebooting its internal robotics software team, which it had disbanded four years ago.Now, OpenAI could be taking that interest to the next level. The company has recently considered developing a humanoid robot, according to two people with direct knowledge... Read more ›
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Like most big tech companies with artificial intelligence ambitions, Apple has little choice but to use chips from Nvidia, whose graphics processing units are practically a de facto standard in the development and running of AI software. But Apple is working on ways to spend less on Nvidia chips without undermining its success in AI. Instead of buying boatloads of Nvidia chips as its tech peers do, the iPhone maker... Read more ›
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13.11.2025 05:33
Last update: 05:25 EDT.
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