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Moonshot AI eyes US$30 billion valuation as China’s AI race intensifies
Moonshot AI eyes US$30 billion valuation as China’s AI race intensifies The company behind the Kimi chatbot is aiming for a valuation that would place it among China’s most valuable AI start-ups Moonshot AI, the developer of China’s popular Kimi chatbot, is seeking to raise between US$1 billion and US$2 billion in a new funding round that could value the company at as much as US$30 billion, according to a person familiar with the matter, as competition among the country’s leading artificial...
AI giant Anthropic files for US IPO as investors bet big on AI future
AI giant Anthropic files for US IPO as investors bet big on AI future Anthropic, which operates AI chatbot Claude, did not disclose the size or the terms of the offering. Artificial intelligence (AI) giant Anthropic has confidentially filed for an initial public offering (IPO) in the United States, teeing up what could become a watershed moment for Wall Street’s AI frenzy. The move, announced on Monday, sets up a high-stakes test of whether investor appetite for the AI revolution that has...
Why is Europe falling behind the US on AI adoption at work?
A new study shows a clear gap in workplace AI use between the US and Europe - and suggests management structure may be a key reason why. Europe might be slower to adopt artificial intelligence (AI) than the United States because of how its businesses are structured, according to new research. The report from Brookings Institute surveyed more than 5,000 people in the United States and six European countries to find out how regularly they use AI at work: France, Germany, the Netherlands,...
Trump administration to ask US AI firms to voluntarily submit models for cybersecurity tests
Trump administration to ask US AI firms to voluntarily submit models for cybersecurity tests June 2 : The Trump administration will ask leading AI developers to voluntarily submit their most capable models for government cybersecurity tests before releasing them to the public, according to an executive order released on Tuesday, as security fears mount in Washington over powerful new AI systems such as Anthropic's Mythos. U.S. President Donald Trump signed an executive order that directs the...
AI giant Anthropic confidentially files for US IPO as investors bet big on AI future
AI giant Anthropic confidentially files for US IPO as investors bet big on AI future June 1 : AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up what could become the watershed moment for Wall Street's AI frenzy. The move sets up a high-stakes test of whether investor appetite for the AI revolution that has reshaped white-collar work around the world can match the sky-high expectations surrounding the booming sector. Anthropic did not...
As US firm worry about AI returns, tech CEO says: AI right now works only for coding
US corporations are scrutinizing massive AI investments as costs surge and productivity gains remain elusive. Experts suggest businesses might be overestimating AI's current capabilities, particularly outside of coding. This realization is prompting a shift towards more efficient AI usage, with some firms even cutting jobs to manage escalating AI expenses.
Asia faces ‘costly paradox’ over divergent AI rules in US and EU
Asian technology firms are grappling with a "costly paradox" due to differing global AI regulations in the US and EU. The EU has established a comprehensive, legally binding AI framework through the EU AI Act, whereas US regulations remain decentralised across various states. This divergence in compliance requirements threatens to negatively impact the competitive standing of Asian companies.
OpenAI confidentially files for US IPO as AI boom drives investor frenzy
OpenAI confidentially files for US IPO as AI boom drives investor frenzy ChatGPT maker OpenAI has confidentially filed for a US initial public offering, the company said on Monday, joining rivals such as Anthropic in a race towards public markets amid surging investor interest in artificial intelligence. The firm did not disclose terms or timing. ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said on Monday, joining rival Anthropic in a push...
Public ownership of AI? US officials eye stake in tech revolution
From Washington to Brussels, the fight over who controls artificial intelligence is reaching a turning point, and history suggests the public has always had to wrestle essential technology from completely private control. What do AI mogul Sam Altman, Democratic Party firebrand Bernie Sanders and Donald Trump all have in common? All three want the public to have a stake in the AI boom.