OpenAI CEO Sam Altman and Oracleâs new co-CEO Clay Magouryk on Tuesday are expected to announce an expansion of their data center in Abilene, Texas, according to someone familiar with the plans. Oracle Cloud is operating data centers in the area, and the ChatGPT maker is expected to spend ... Read more âș
0
YouTube said on Tuesday that it would allow accounts banned for violating its policies on Covid-19 and election integrity to rejoin the platform, following pressure from Republican legislators led by Rep. Jim Jordan. In a letter to Jordan, a lawyer representing YouTubeâs parent company Alphabet ... Read more âș
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Workday has spent most of its 20-year existence selling applications that businesses use to manage their employees and financial operations. Now, the company is joining the growing list of software incumbents that are competing head-on in ways they didnât use to, by selling the same artificial intelligence-powered applications.Last week, Workday announced a $1.1 billion acquisition of an artificial intelligence startup that competes with companies like Glean and Atlassian in software... Read more âș
1
OpenAI CEO Sam Altman said in a blog post on Tuesday that the company aims to create a âfactory that can produce a gigawatt of new AI infrastructure every week.â The comments come a day after OpenAI announced a partnership with Nvidia, under which the chip designer plans to invest up to $100 ... Read more âș
2
Larry Ellison might have thought his firmâs 4.5 gigawatt cloud deal with OpenAI was unmatched.That is, until he woke up on Monday morning to see OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang announcing something much bigger: data center plans that are more than double the size of Oracleâs. The numbers are quite staggering. If OpenAI and Nvidia follow through on the dealâwhich, to be clear, is currently only... Read more âș
12
The astounding financial demands of artificial intelligence have forced the tech industry to embrace a new source of funding: lenders that can quickly write multi-billion dollar checks. These banks and investors range from giants like JPMorgan Chase and Blackstone to lesser known lenders such as Sumitomo Mitsui Banking Corp. and Macquarie. They are tapping a wider range of funding sources to gather vast amounts of cash and getting creative with... Read more âș
0
A wave of automakers has cancelled plans to produce electric vehicles in the U.S., responding to slow sales of the cars. But Volvo Cars, an automaker owned by Chinaâs Geely Group, is boosting its EV manufacturing plans at its South Carolina plant, a move that could be a model for other Chinese automakers amid a potential thaw in U.S.-China relations. Next year, Volvo will begin producing its midsize plug-in XC60... Read more âș
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Nvidia has committed to investing the first $10 billion of a planned $100 billion investment in OpenAI at the startupâs recent $500 billion valuation and then will make the remaining staggered investments at future valuations, according to a person with direct knowledge of the plans. The chip ... Read more âș
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Humanoid robotics startup 1X has told investors and employees it is trying to raise as much as $1 billion, according to three people who spoke to CEO Bernt Ăivind. The decade-old company is aiming for a valuation of at least $10 billion, BĂžrnich said, or more than 12 times its previous valuation from a January financing, according to one of the people. The move comes as large firms such as... Read more âș
12
OpenAI loves to make grand announcements. Earlier this year we had the hoopla about its Stargate data center venture, worth up to $500 billion. Today the ChatGPT creator announced a letter of intent to form a strategic partnership with Nvidia to âbuild and deployâ artificial intelligence data centers holding âmillionsâ of Nvidiaâs AI chips. To help pay for this, Nvidia will invest up to $100 billion in OpenAI. Nvidia must... Read more âș
0
A raft of venture-backed startups are emerging to offer high-tech consultants for businesses needing help with artificial intelligence, posing competition for companies like Palantir and McKinsey & Co. that specialize in high-priced consulting services. One is Distyl AI. The three-year-old startup provides companies like T-Mobile with whatâs known as forward-deployed engineers and AI software that automates business processes such as analyzing customer data or managing HR functions. Founded by former... Read more âș
196
Coinbase CEO Brian Armstrong said he wants to develop a super app for customers that would provide an array of financial services such as cards and payments beyond crypto trading. âUltimately we want to be a bank replacement for people,â Armstrong told Fox Business last Friday. âWe want to be ... Read more âș
0
The second phase of Googleâs second antitrust caseâthis one around its ad tech operationsâopened in a Virginia courthouse on Monday. In April, a district judge found Google monopolized the market for technology that helps websites sell ads, and the trial that is on this week will help decide how ... Read more âș
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Nvidia and OpenAI said Monday they had signed a strategic partnership in which the chip designer will invest up to $100 billion over time in the ChatGPT maker as it increasingly buys access to Nvidiaâs artificial intelligence chips. The unprecedented agreement, while devoid of details, answers a ... Read more âș
1
A Federal Trade Commission lawsuit against Amazonâs alleged use of deceptive practices to lock consumers into its Prime subscription goes to trial this week in a Seattle court. In the lawsuit, which the FTC filed in 2023, the commission alleges that Amazon violated consumer protection laws by ... Read more âș
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As Western artificial intelligence developers accelerate international expansion, Japan, the worldâs fourth-largest economy, is shaping up to be a key battleground. ChatGPT and Gemini are already popular there. Anthropic is preparing to open a Tokyo office after appointing a Japan country head last month. Canada-based Cohere also hired a Japan country manager last month.But Japanâs government and domestic AI companies are ramping up their efforts too. Last week, a government-funded... Read more âș
19
Crypto stormed into the traditional financial system over the past four months, wedging itself deeper than ever into banking and the stock market. The head-spinning changes created billions in profits for the industry and added more risks for investors and regulators. The changes came so fast that they were hard to keep straight. Weâve rolled back the clock to help readers catch up on the four big trends that drove... Read more âș
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Oracle CEO Safra Catz is stepping aside, to be replaced by a pair of co-CEOs, including the chief of its cloud business, Clayton Magouyrk. His promotion confirms how cloud has become Oracleâs most important business. Also serving as CEO will be Michael Sicilia, who has held various roles in ... Read more âș
6
President Donald Trump is expected to sign an executive order this week outlining the structure of a proposed deal for a group of investors to take over TikTokâs U.S. operations, according to a White House official. Under the plan, a new joint-venture company will be created to run TikTok U.S., ... Read more âș
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President Donald Trump said Sunday that media executives Rupert and Lachlan Murdoch are likely to be part of a group of investors planning to take over TikTokâs U.S. operations. In an interview on Fox News, Trump said billionaires Larry Ellison and Michael Dell are part of the consortium of ... Read more âș
0
Most popular sources
Tom's Hardware
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22% 9 |
Business Insider
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22% 4 |
Vox
|
9% 8 |
Gizmodo
|
8% 1 |
Ars Technica
|
4% 1 |
| View sources » | |
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18.12.2025 22:25
Last update: 22:21 EDT.
News rating updated: 05:21.
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