The Federal Trade Commission (FTC) opened an inquiry into the investments of Big Tech companies that provide cloud services to smaller AI companies like OpenAI and Anthropic. The FTC sent letters to …
Elon Musk’s AI start-up seeks to raise $6bn from investors to challenge OpenAI
Elon Musk’s xAI is in talks to raise up to $6bn, as the Tesla and X chief looks to global investors, including in Hong Kong, to finance his challenge to Microsoft-backed OpenAI. The billionaire’s …
Nvidia Alum Snags Funding for Startup That Fixes Broken AI
RagaAI has secured funding to develop a tool that aims to diagnose and fix flaws with artificial intelligence systems, responding to an increasing emphasis on safety and reliability during the AI …
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OpenAI’s Sam Altman in talks with Middle East backers over chip venture
Sam Altman is in discussions with Middle Eastern investors and chip fabricators including TSMC about launching a new chip venture, as the OpenAI chief executive seeks to satisfy his company’s growing …
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Google DeepMind Scientists in Talks to Leave and Form AI Startup
A pair of scientists at Google DeepMind, the Alphabet Inc. artificial intelligence division, have been talking with investors about forming an AI startup in Paris, according to people familiar with …
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The latest AI gadget frenzy wants to do away with phones
AI-washing has reached consumer tech. Dozens of internet-connected devices are now described as powered by artificial intelligence. But amid the AI grills and mattress toppers, the gadget attracting …
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Inside AI Unicorn Anthropic’s Unusual $750 Million Fundraise
While artificial intelligence startup OpenAI reportedly ended the year discussing a fundraise at a valuation of $100 billion or more, one of its leading challengers, Anthropic, was accepting a round …
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OpenAI-Backed Humanoid Maker Gets $100 Million in EQT-Led Round
Norwegian AI robotics startup 1X Technologies AS raised $100 million to bring to market its second-generation android robot, NEO, that it says can help humans with everyday domestic tasks. The …
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OpenAI Seeks New Funding at $100 Billion Valuation
OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of …
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Big Tech outspends venture capital firms in AI investment frenzy
Big tech companies have vastly outspent venture capital groups with investments in generative AI start ups this year, as established giants use their financial muscle to dominate the much-hyped …
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