SoftBank Group said on Friday that it has obtained a $40 billion bridge loan to support investments in OpenAI, the company that makes ChatGPT, as
Category: TECH
U.S. jury found Musk liable to Twitter shareholders in a fraud action involving the $44 billion buyout.
Elon Musk was held responsible by a U.S. federal jury on Friday for allegedly defrauding Twitter shareholders by attempting to lower the company’s stock price
China’s Alibaba targets $100 billion in AI and cloud over demand boom.
Alibaba Group, the largest technology company in China, announced on Thursday that it will use the surge in AI demand to drive its aim of
Nvidia’s CEO anchors the next phase of the AI boom on “inference inflection” with $1 trillion in orders.
On Monday, Jensen Huang, CEO of Nvidia, expounded on his strategy for maintaining his company’s leadership in the artificial intelligence boom, which he projected will
Trump adminstration is to receive a $10 billion fee from investors for brokering the TikTok deal.
Investors in the recently concluded transaction to take over TikTok’s U.S. business will pay a fee of almost $10 billion to President Donald Trump’s government.
Nvidia-backed Nscale is valued at $14.6 billion after raising $2 billion for global AI infrastructure.
After obtaining $2 billion in its most recent investment round, the Nvidia-backed artificial intelligence company Nscale was valued at $14.6 billion, the British company announced
Google pacifies Epic Games by reducing its app store commissions.
After a protracted court struggle that resulted in one of several verdicts denouncing its practices as an illegal monopoly, Google will reduce the lucrative fees
OpenAI achieves an $840b valuation with mega funding of $110b from Big Tech firms.
In a move that reflects the frantic pace of artificial intelligence investment, OpenAI said on Friday that it is raising $110 billion in a blockbuster
Meta, the owner of Facebook, plans to buy $100 billion worth of AI chips from AMD.
In addition to purchasing artificial intelligence chips from Advanced Micro Devices, Facebook owner Meta Platforms will have the option to purchase up to 10% of
Spain to investigate X, Meta, and TikTok for AI-generated child pornography.
As European regulators step up their monitoring of big tech over dangerous and unlawful content, Spain has ordered prosecutors to look into social media sites
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