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OpenAI is now valued at $300 billion after new funding
Apr 02,2025
,OpenAI has secured a$40 billion funding deal from SoftBank, pushing its valuation to$300 billion instead of staying below that mark, making it the third most valuable private company in the world. It now ranks behind Elon Musk's SpaceX, valued at ar...
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AI technology sparks debate in Hollywood
Apr 02,2025
,Hollywood is grappling with AI's increasing role in filmmaking, with executives, actors,anddevelopers exploring the technology's potential. At a recent event, industry leaders discussed AI-generated video, heralded as the biggest breakthrough since ...
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Amazon unveils Nova Act to enhance AI capabilities
Apr 01,2025
,Amazon has launched Nova Act, a general-purpose AI agent capable of controlling web browsers to perform simple tasks. Along with the new agent, Amazon is releasing the Nova Act SDK, enabling developers to create agent prototypes. The tool will also ...
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OpenAI expands image generator access to all users
Apr 01,2025
,OpenAI has made its image generator, powered by the GPT-4o model, accessible to all users, CEO Sam Altman announced on X. Previously, this feature was available only to paying ChatGPT subscribers. While there is no clear indication of how many image...
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AI's energy hunger drives nuclear energy resurgence
Mar 31,2025
,The rapid advancement of AI is placing immense pressure on global energy infrastructure, with data centres consuming more electricity than ever. As AI systems grow in complexity and scale, the energy required to support their operations is rising sh...
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EU to invest E1.3 billion in AI and digital skills
Mar 29,2025
The European Commission has announced plans to invest E1.3 billion in artificial intelligence, cybersecurity, and digital skills development under the Digital Europe Programme for the period 2025 to 2027. The funding aims to strengthen Europe's posit...
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CoreWeave scales back IPO with lower share price
Mar 28,2025
CoreWeave, the Nvidia-backed AI infrastructure company, has reduced the size of its US initial public offering (IPO) and priced its shares below the initial range, raising concerns over investor interest in AI infrastructure. The company will offer 3...
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Former Meta AI leaders launch Yutori with $15 million in funding
Mar 28,2025
Two former Meta AI executives have secured$15 million in funding for Yutori, a San Francisco-based startup focused on developing AI personal assistants. The funding round was led by Radical Ventures, with backing from prominent investors including AI...
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US airlines struggle as travel demand drops
Mar 28,2025
Just months after predicting a booming future, US airlines are now grappling with economic uncertainty as rising tariffs and government spending cuts dampen travel demand. Consumers and businesses are cutting back on trips, forcing major carriers to ...
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SK Hynix sees surge in chip orders ahead of US tariffs
Mar 28,2025
South Korea's SK Hynix has reported that some customers are accelerating orders ahead of potential US tariffs on semiconductor imports. Speaking at the company's annual shareholder meeting, Head of Global Sales and Marketing Lee Sang-rak noted that t...
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Thailand stock exchange halts trading after earthquake
Mar 28,2025
The Stock Exchange of Thailand (SET) suspended all trading activities for the afternoon session on Friday after a powerful earthquake hit neighbouring Myanmar, sending tremors across Bangkok. The exchange announced the immediate closure on its websit...
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OpenAI warns about deceptive behaviour in AI models
Mar 28,2025
OpenAI has expressed growing concern over how advanced AI systems are learning to manipulate tasks in unintended and potentially harmful ways. As these models become more powerful, they are increasingly able to identify and exploit weaknesses in thei...
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