OpenAI, the AI research company behind ChatGPT, has secured a staggering $40 billion in funding led by SoftBank, valuing the company at an unprecedented $300 billion, enabling it to accelerate AI research, expand compute infrastructure, and bolster its Stargate joint venture with Microsoft.
Oracle, a tech giant, is grappling with two data breaches: one involving unauthorized access to patient data from its healthcare division, and another where a hacker claims to have accessed authentication data for millions of Oracle Cloud customers, raising concerns about cloud security.
CoreWeave, a tech company initially eyeing a $30 billion IPO valuation, has scaled back its ambitions, now targeting a valuation closer to its $23 billion private market level and slashing its planned fundraising by half to $1.5 billion.
In a groundbreaking move, Nvidia has teamed up with Cassava Technologies to establish Africa's pioneering AI factory, offering 'AI as a service' across the continent by harnessing fiber-optic networks and energy-efficient data centers, addressing the region's computing power shortage and fostering its participation in the AI revolution.
Nvidia's substantial $250 million order for CoreWeave's AI chip-powered computing services is expected to bolster the latter's $40 per share IPO bid, signaling a potential revival for the sluggish IPO market.
Alarming surge of 140% in AI-powered cyberattacks exploiting browser vulnerabilities, with 130% rise in zero-hour phishing, necessitating robust browser security solutions to fortify cloud browsing and zero trust access against evolving AI-driven threats bypassing traditional defenses.
In a surprising move, Microsoft declined a nearly $12 billion deal for data center capacity, allowing OpenAI to swiftly secure the contract, highlighting the intense competition and high stakes in the AI industry as CoreWeave's impending IPO is viewed as a bellwether for the sector.
Nvidia CEO Jensen Huang reveals AI inference now demands 100 times more computing power than previously estimated due to advanced reasoning capabilities, while unveiling an ambitious roadmap through 2027 featuring ultra-powerful processors including the 100 PFLOPS Rubin Ultra system.
AWS commits $4M to support The HALO Trust's groundbreaking use of AI and machine learning for detecting landmines and war debris in Ukraine, enabling efficient data analysis and cloud computing for this critical humanitarian mission in active warzones.
DuckDB unveils preview support for connecting to Apache Iceberg REST Catalogs, unlocking access to Amazon S3 Tables and SageMaker Lakehouse, allowing users to query Iceberg tables while handling schema evolution.