OpenAI

31Oct By The AI ReportNo Comments

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Massive Michigan data center slated to power Oracle, OpenAI – Detroit Free Press

The development would be part of the "Stargate" artificial intelligence initiative by companies OpenAI and Oracle.

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30Oct By The AI ReportNo Comments

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Artificial Intelligencer: Inside the $500 billion deal that freed OpenAI’s ambition | Reuters

FILE PHOTO: Illustration shows OpenAI logo. FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic ...

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30Oct By The AI ReportNo Comments

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OpenAI May Target $1 Trillion Valuation in IPO, Reuters Says – Bloomberg

Artificial intelligence startup OpenAI is preparing to file for an initial public offering as soon as next year that could give the company a ...

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30Oct By The AI ReportNo Comments

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Microsoft earnings suggest $11.5B OpenAI quarterly loss – The Register

Current year net income and diluted EPS were negatively impacted by net losses from investments in OpenAI, which resulted in a decrease in net income ...

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30Oct By The AI ReportNo Comments

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Exclusive: OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation | Reuters

OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the ...

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28Oct By The AI ReportNo Comments

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Meta AI Vibes on Wall Street radar in Q3 earnings, trails OpenAI Sora – CNBC

The Meta AI app has seen a major jolt in downloads since the company launched Vibes and began paying creators to make AI-generated videos.

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28Oct By The AI ReportNo Comments

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OpenAI Restructures, Gets More Freedom in New Microsoft Deal – Business Insider

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.

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28Oct By The AI ReportNo Comments

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Sam Altman: OpenAI wants to get to $1 trillion a year in infrastructure spend – Axios

OpenAI has committed to spend about $1.4 trillion on infrastructure so far, equating to roughly 30 gigawatts of data center capacity, CEO Sam ...

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28Oct By The AI ReportNo Comments

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OpenAI says CEO Altman will not get a stake in newly restructured firm | Reuters

OpenAI co-founder and CEO Sam Altman is not getting a stake in the newly restructured company, the ChatGPT maker said on Tuesday.

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28Oct By The AI ReportNo Comments

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OpenAI to Deploy 6GW of AMD GPUs – Frontier Enterprise

OpenAI has entered into a 6-gigawatt agreement to power OpenAI's next-generation AI infrastructure across multiple generations of AMD Instinct GPUs.

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