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OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
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Business - Inc.
OpenAI’s Journey to $157 Billion Chronicled in Documents
OpenAI originally applied to be recognized as a tax-exempt charitable organization by the IRS in 2016.Yesterday -
Business - CNBC
Nvidia closes at record as AI chipmaker's market cap tops $3.4 trillion
Nvidia shares closed at an all-time high on Monday as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.22 hours ago -
Business - Financial Times
Reeves aims to close £40bn funding gap as she plans tax rises in Budget
Figure is significantly more than the £22bn fiscal hole the government previously identified1 hour ago -
Business - MarketWatch
Microsoft and these other stocks are the way to play AI now, says Goldman Sachs
So-called “platform” stocks, such as Microsoft and Snowflake are the most attractive part of the AI sector according to Goldman Sachs.Yesterday - Microsoft -
Business - Inc.
It Could Cost OpenAI a Lot to Drop its Nonprofit Structure
Leading AI firm OpenAI is valued at $157 Billion, but turning it into a for-profit company could mean a very expensive, complicated set of legal proceedings.Yesterday -
Tech - ABC News
Cyber criminals increasingly helping Russia and China target the US, Microsoft says
Russia, China and Iran are expanding their partnerships with cyber criminals to conduct cyberespionage and cyberattacks against the U.S. and other nations, according to a new report from Microsoft5 hours ago - China -
Politics - The Hill
Russia, China collaborating with criminal networks in cyberattacks against adversaries: Microsoft
Russia, China and Iran are increasingly collaborating with cybercrime networks to launch a variety of attacks against their adversaries, including the U.S., Microsoft said in a report Tuesday. The ...2 hours ago - China -
Tech - ABC News
Microsoft settles video gamers' lawsuit over Activision takeover
Microsoft Corp. has settled a lawsuit from a group of gamers who sued to try to stop the company from buying video game publisher Activision Blizzard for $69 billion last year12 minutes ago - Microsoft -
Business - MarketWatch
AMD’s AI punches are landing where it counts — against Nvidia
Not every AI customer wants or can afford Nvidia’s powerhouse Blackwell chip.21 hours ago
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Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.3 hours ago -
Business - CNBC
Walgreens says it will close 1,200 stores by 2027, as earnings top estimates
The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.5 hours ago -
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Trump Media shares halted after sudden DJT stock plunge
Trading in Trump Media shares was briefly halted due to volatility, after the Truth Social owner's stock suddenly plunged in price.3 minutes ago - Donald Trump -
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Trump's coin sale misses early targets as crypto project's website crashes
Former President Donald Trump's launch of the token sale for his crypto project on Tuesday was plagued by problems.15 minutes ago - Donald Trump -
Business - CNBC
Bank of America tops estimates on better-than-expected trading revenue
Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.3 hours ago