In this photo illustration OpenAI icon is displayed on a mobile phone screen with the photo of Sam Altman, chief executive officer of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more than $100 billion, CNBC has learned.
Major hedge funds ditched some of 2024’s leading artificial intelligence names ahead of the third-quarter sell-off, according to regulatory filings. The documents released this week showed a slew of billionaire investors selling off stakes in Nvidia , Alphabet and Meta Platforms , among other key contributors to this year’s market gain. The selling came ahead
SpaceX’s Crew Dragon capsule “Endurance” is seen during the Crew-3 mission for NASA on May 5, 2022. NASA Private polar expeditions are reaching a new level: Space. Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company announced on Monday, with plans to lead the first crewed space mission in
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images Money launderers are increasingly using cryptocurrencies to conceal the origins and movement of illegally-obtained funds, according to a report by Chainalysis. The report, which studied
Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. Brendan Mcdermid | Reuters The presumptive Republican presidential nominee promised to loosen the regulation of cryptocurrencies if he is elected in November, and to “get out of the way of innovation,” a person
Judge approves $4.5 billion settlement between Do Kwon, Terraform Labs, and the U.S. Securities and Exchange Commission. Binance previously settled with the U.S. in November for $4.3 billion. Recent spate of criminal convictions and fines mark resolution for multiple bad actors who helped upend crypto sector in 2022. South Korean authorities are seeking the arrest
Unybrands, founded in 2020, was one of many players in the then-booming market of Amazon seller aggregators. Companies in the space took advantage of low interest rates and pandemic-driven growth in e-commerce to collectively raise more than $16 billion from top names on Wall Street and in Silicon Valley with the intent of rolling up
Apple ‘s Worldwide Developer Conference on Monday gave us exactly what we needed — reason to believe iPhone users will upgrade their devices sooner rather than later in order to access a new suite of artificial intelligence features. On Monday, the longtime Club holding unveiled its long-awaited generative AI initiatives, known as Apple Intelligence. But
Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are among the executives investing in the new U.S. professional league, Major League Cricket. Other cricket investors include Iconic Ventures, Madrona Venture Group and executives from Google. “What gets me excited is seeing if cricket can become a mainstream sport in the U.S.,” said Soma Somasegar,
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City. Gary Hershorn | Getty Images LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub. The U.S. software