OpenAi

(Editor’s note: This story has been updated to include OpenAI’s confirmation and remove attribution to WIRED) OpenAI is consolidating its core products under a unified structure, merging ChatGPT, its Codex AI coding agent and its developer-facing API into a single product team ahead of...

CNBC’s Jim Cramer raised red flags over rising speculative excess in the initial public offering market on Friday, warning that SpaceX’s anticipated public debut could inflate valuations to dangerous levels. IPO Sparks Bubble Fears If underwriters release too few shares, Cramer warned,...

Legendary investor Bill Ackman is known for years of activist investing with big stakes in companies and pushing for changes. In recent quarters, Ackman has shown a preference to buying Magnificent Seven stocks he deems on sale. The most recent purchase continues to fall. Will this new buy be...

Anthropic and the Gates Foundation, backed by Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates, have pledged $200 million to further artificial intelligence (AI) initiatives in the health and education sectors. The partnership, set to last four years, is designed to broaden the benefits of AI...

The first phase of the Elon Musk vs. OpenAI trial wrapped in federal court in Oakland, California, as both sides presented closing arguments before a jury now set to weigh claims over alleged broken nonprofit commitments and billions in damages. Jury Begins Deliberations In High-Stakes AI Dispute A...

Softbank Group Corp (OTC:SFTBY) may be preparing for its next giant AI gamble: borrowing against its soaring OpenAI stake to help finance an expanding empire spanning Stargate data centers, robotics and AI infrastructure. OpenAI Stake Becomes Financial Firepower During the company's earnings call,...

Lobo Technologies Ltd. (NASDAQ:LOBO) surged 33.70% in after-hours trading to $0.69, recovering sharply from a 8.43% intraday decline. According to Benzinga Pro, the stock of the China-based manufacturer and seller of electric mobility products closed the regular session at $0.51. No immediate...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reportedly accompanied President Donald Trump on his trip to China without seeking permission from the Judge currently presiding over the OpenAI trial. Elon Musk Defies ‘Recall Order’ Amid the ongoing trial in Oakland, California, U.S. District...

For much of the AI boom, the race for dominance has largely looked like a U.S. battle between companies such as OpenAI, Anthropic and Elon Musk's xAI. But JPMorgan believes Europe may finally have its own serious contender. In a new note initiating coverage on Mistral AI, JPMorgan described the...

For much of the AI boom, the narrative seemed straightforward: OpenAI built the breakout consumer product, and everyone else was chasing ChatGPT. April's web traffic data is suddenly making that story look more complicated. According to Similarweb, Anthropic‘s Claude.ai posted 34.18% month-...

Cerebras Systems (NASDAQ:CBRS) is quickly turning into one of the hottest IPO stories of the year — and the frenzy around the deal may be revealing something bigger about Wall Street's AI obsession. The AI chip startup reportedly raised its preliminary IPO pricing range to $150 to $160 per share...

OpenAI CEO Sam Altman is under the microscope for his personal investments as several GOP attorneys general and the House Oversight Committee have launched an investigation into potential conflicts of interest. The Republican attorneys general from Florida, Montana, Nebraska,...

OpenAI and Microsoft Corp. (NASDAQ:MSFT) have reportedly agreed to cap their total revenue-sharing payments at $38 billion. This cap could potentially strengthen OpenAI’s long-term appeal to investors as it gears up for a public offering, which might occur as early as the...

On Monday, former OpenAI chief scientist Ilya Sutskever told a California courtroom he spent about a year compiling evidence that CEO Sam Altman had repeatedly been dishonest. He said those concerns ultimately drove the board's decision to oust Altman in November 2023. Sutskever Says OpenAI Board...

Private markets helped accelerate the artificial intelligence (AI) boom by pouring capital into generative AI companies such as OpenAI, xAI, Grammarly and Character.ai under the assumption that scale, speed and product adoption would be the dominant risks.  But that view is starting to shift.  A...