OpenAI Achieves $1 Billion Revenue Milestone, Faces Computing Power Crunch
OpenAI hits $1 billion revenue milestone in July, fueled by surging ChatGPT-5 subscriptions, but faces a computing power crunch to meet skyrocketing AI demand.
Finance
SoftBank Injects $2 Billion into Intel, Acquiring 2% Stake as Chipmaker Battles Nvidia in AI Race
SoftBank injects $2 billion into Intel, acquiring a 2% stake as the chipmaker battles Nvidia in the AI race, with Intel shares rising 6% on the investment announcement.
SoftBank Injects $2 Billion into Intel, Shares Surge 6%
SoftBank, the Japanese tech conglomerate, injects a massive $2 billion investment into Intel, the American semiconductor giant, sending Intel's shares soaring 6% in after-hours trading as the struggling chipmaker receives a much-needed financial boost.
OpenAI CEO Altman Admits AI Market in Bubble as Company Seeks $6 Billion at $500 Billion Valuation
OpenAI CEO Sam Altman acknowledges the AI market is in a bubble reminiscent of the 1990s dot-com boom, even as his unprofitable company seeks $6 billion at a staggering $500 billion valuation amid expert warnings that AI overvaluation now exceeds the internet bubble.
AI Disrupts Software, Ethereum Price Surges on Accumulation Strategy
Groundbreaking AI capabilities are disrupting traditional software models, while Ethereum's price soars driven by a company's ambitious strategy to accumulate 5% of the total ETH supply, echoing MicroStrategy's Bitcoin accumulation approach.
Cohere secures $500 million, valued at $6.8 billion; Pineau named Chief AI Officer
Cohere, an AI startup, secures $500 million in funding, valuing it at $6.8 billion, as it appoints Joelle Pineau as Chief AI Officer and plans to advance agentic AI for businesses and governments.
Bullish Crypto Exchange Skyrockets in Blockbuster NYSE Debut
Crypto exchange Bullish skyrockets on NYSE debut, with shares opening at $90 and surging as high as $118 after raising $1.1 billion in oversubscribed IPO priced above expected range.
AI startups create new billionaires amid record valuations
AI startups generate unprecedented wealth, minting dozens of new billionaires as record funding rounds propel company valuations to stratospheric heights, solidifying Silicon Valley's dominance in the AI revolution.
AI Frenzy Propels Tech Valuations Beyond Dot-Com Bubble Highs
In a frenzy reminiscent of the dot-com bubble, AI mania propels tech valuations to dizzying heights, with price-to-earnings ratios of S&P 500's largest companies surpassing 1999 peaks, prompting analysts to caution against 'frothy' market sentiment and potential pullback in AI stocks.
Google Finance Unveils AI-Powered Chatbot, Interactive Charts for Enhanced Market Insights
Google Finance unveils an AI-powered chatbot to answer market queries, interactive charts for visualizing trends and indicators, and live data across stocks, crypto, and commodities, coupled with a refreshed news feed, enhancing market insights.