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OpenAI plans ChatGPT 'superapp' overhaul ahead of listing, FT reports
OpenAI plans ChatGPT 'superapp' overhaul ahead of listing, FT reports June 7 : OpenAI is planning its biggest ChatGPT overhaul yet, aiming to turn it into a "superapp" with coding tools and AI agents to boost revenue ahead of a planned share listing, the Financial Times reported on Sunday. The changes are part of a broader reorganisation at OpenAI, as it shifts resources to target lucrative enterprise clients and intensify competition with rival Anthropic, the report said, citing more than a...
Meta weighs big equity raising to finance AI infrastructure, FT reports
Meta weighs big equity raising to finance AI infrastructure, FT reports June 5 : Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company's AI ambitions, the Financial Times reported on Friday. The report comes after Alphabet moved to raise $84.75 billion in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI. Meta executives have been exploring "creative" ways...
Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports
Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports June 4 : Goldman Sachs expects revenue from SpaceX's AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank's forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX's total revenue to reach $474 billion in 2030 from $18.7 billion last year, the report added. Goldman's forecasts show that the...
Meta Considers Raising Billions in Share Sale, FT Reports
The Meta store in Burlingame, California.
OpenAI Readies ‘Superapp’ Pivot Ahead of Planned IPO, FT Reports
A symbol for the OpenAI virtual assistant on a smartphone, arranged in Riga, Latvia, on Friday, Aug. 16, 2024. The public release of advanced generative AI tools such as Google’s Gemini, Meta AI, and OpenAI’s ChatGPT over the past two years has heightened fears that millions of workers could be displaced. Photographer: Andrey Rudakov/Bloomberg
Meta's stock sinks on report company could raise tens of billions of dollars to fund AI push
Meta shares dropped more than 5% on Friday after the Financial Times reported that the company could potentially raise tens of billions of dollars in a stock offering to fund its artificial intelligence investments. The social media company is pondering the potential stock sale, the FT reported, after rival Alphabet said this week that it plans to raise $85 billion from selling equity, increasing that number from $80 billion. Alphabet has been on a tear over the past year, but the stock is...
UK assets face underestimated risk event, analysts warn as PM hopeful swerves call to calm investor nerves
Andy Burnham, the frontrunner to overthrow U.K. Prime Minister Keir Starmer, abruptly cancelled a call aimed at placating investors nervous about his potential policy mix on Monday, the FT reported. Burnham — who is not yet a sitting member of the U.K. parliament — will run in the June 18 by-election in Makerfield, north-west England. If he wins the seat, he is widely expected to launch a formal challenge to usurp Starmer's position.
OpenAI reportedly has a major ChatGPT overhaul in store
OpenAI reportedly has a major ChatGPT overhaul in store The revamped AI tool will roll out in the coming weeks, according to The Financial Times. OpenAI's so-called "super app" may finally be rolling out, as first reported by The Financial Times. According to the report, a redesigned ChatGPT would encourage users beyond just chatting and towards using "coding tools, image generation and applications built by partners such as Canva and Booking.com."
China, tungsten and a supply shock in metal critical for war that will last far beyond Iran conflict
The Iran war has caused well-documented price spikes and shortages on a range of items Americans depend upon. Oil and gas, of course, but also petrochemicals and everything derived from them (e.g. plastics) and helium are among raw materials that have been besieged by the closure of the Strait of Hormuz. Still, there is another element which has seen its price surge amid increasingly short supply because of war, but where the shock will not relent even if the Strait is reopened.
Anthropic expands access to cyber-capable Mythos model beyond US
artificial intelligence firm Anthropic is granting dozens of new firms and organizations access to its powerful AI model Mythos, which can exploit software vulnerabilities. “We’re extending the partnership to approximately 150 new organizations,” the firm said in a Tuesday update about its Glasswing Project. Anthropic launched Glasswing as a coalition of — initially mostly U.S.-based — trusted tech and cyber firms with access to Mythos to build cybersecurity defenses.