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.
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.
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.
Apple Unveils App Intents and Revamped Siri for Spring Launch
Apple unveils a groundbreaking App Intents feature and revamped Siri experience, slated for a spring launch, enabling Siri to seamlessly interact with apps while navigating sensitive scenarios like health and banking with precision.
AI Poised to Disrupt Junior Wall Street Banking Roles
Junior Wall Street banking roles face disruption as major firms consider slashing entry-level analyst hiring by up to two-thirds, transitioning these positions to data checking rather than gathering as AI adoption surges, requiring more technical skills.