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OKX, a crypto exchange giant that’s been considering a U.S. IPO, said it received a strategic investment from the Intercontinental Exchange, the parent of the New York Stock Exchange, that values the crypto firm at $25 billion. The investment will represent less than 10% of OKX’s stake, said ...
Alibaba Group will establish a “foundation model task force” to coordinate group-wide resources and accelerate its AI development, its CEO said Thursday, after a top researcher behind the company’s Qwen suite of models resigned. He also said the company will continue to uphold its commitment to ...
Shares in The Trade Desk gained 9% after hours Wednesday after The Information reported that OpenAI has held early talks to partner with the company, which offers an automated platform for advertisers to place ads on a large scale. Before the report, the ad tech company shares had lost more than ...
OpenAI topped $25 billion in annualized revenue as of last month, according to a person familiar with the figure. That’s a 17% increase from the $21.4 billion in annualized revenue the company was generating at the end of the year, according to the person and a second person with knowledge of the figures.
OpenAI is still generating more revenue than its younger rival Anthropic, though the...
OpenAI has picked two law firms, Cooley and Wachtell Lipton Rosen...
A scathing internal memo from Anthropic CEO Dario Amodei last week characterized OpenAI’s recent move to strike a Pentagon partnership as “mendacious” and accused rival Sam Altman, OpenAI’s CEO, of engaging in “safety theater” that was insufficient to prevent misuse in military contexts like ...
OpenAI is scaling back its plan to introduce shopping directly inside ChatGPT, marking a change in its high-profile effort to put checkouts inside the chatbot. Instead of allowing users to make purchases directly from product listings that show up in ChatGPT search results, the company is now focused on having checkouts take place inside of specific apps that plug into ChatGPT, an OpenAI...
Who hates Sam Altman more—Elon Musk or Anthropic CEO Dario Amodei? If you guessed Elon Musk, our scoop today about the no-holds-barred memo Amodei sent to his staff on Friday about the Pentagon brouhaha might change your mind. Apart from calling OpenAI’s messaging over the Pentagon issue “mendacious,” Amodei explained the Pentagon’s targeting of Anthropic partly by noting: “We haven’t given...
Crypto exchange Kraken said it became the first crypto firm to gain direct access to the Federal Reserve’s core payments system, a privilege typically reserved only for banks, allowing it to move money for clients without relying on a bank. The approval signals the Federal Reserve’s willingness ...
A Florida father is suing Google after his son died by suicide after Google’s Gemini chatbot allegedly encouraged him to do so, according to a complaint filed on Wednesday in federal court in California. The complaint alleged that Gemini encouraged Jonathan Gavelas, 36, to stage a “catastrophic ...