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Artificial intelligence
fromBusiness Insider
2 days ago

Alibaba's CEO says he doesn't see 'much of an issue' with an AI bubble and plans to invest 'aggressively'

Alibaba sees robust real-world AI demand outpacing supply and will invest aggressively in AI infrastructure despite profit declines from heavy AI and commerce spending.
fromFortune
1 month ago

OpenAI valuation reaches $500 billion, topping Musk's SpaceX | Fortune

OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk's SpaceX to become the world's largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to investors including Thrive Capital, SoftBank Group Corp., Dragoneer Investment Group, Abu Dhabi's MGX and T. Rowe Price, a person familiar with the transaction said. That boosted the US company's price tag well past its previous $300 billion level
Artificial intelligence
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