Welcome back to The Prompt, Is the AI market in a bubble? That question has been on a lot of people’s minds lately. Investors and economists are concerned that the stock market could be overheating, led by AI and tech companies being overvalued, which may put us at risk of reliving the 2000s dot com
OpenAI has cautioned investors and the public about unauthorized sales and investment schemes involving its equity, stressing that any transfer without the company’s written consent is void. This was disclosed in a blog post by the company, published on Sunday, August 24, on its official website. “All OpenAI equity is subject to transfer restrictions. This means
Last year, Elon Musk challenged Mark Zuckerberg to a cage match. This year, the xAI CEO was enlisting the Meta boss for help, according to a recent court filing. Musk approached Zuckerberg about helping xAI finance an attempted $97.4 billion takeover of OpenAI earlier this year, the filing said. Musk’s feud with Zuckerberg has spanned
As AI valuations soar into the hundreds of billions, a parallel market of temporary financial shells is proliferating to meet investor FOMO, and many investors are starting to sound the alarm bells that it portends a bubble in the AI gold rush. Special purpose vehicles, or SPVs, enable investors to pool their money into funding
Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group, in a deal that values the ChatGPT maker at $500 billion, according to people familiar with the matter. The talks are early and the size of
Banco Santander is advancing its commitment to a data and AI-centric approach through collaboration with OpenAI, aiming to establish itself as an “AI-native” bank. This initiative is part to the bank’s vision of modernising operations and leading the transition towards a more personalised, and agile banking experience. By integrating AI with its existing “digital bank
OpenAI CEO Sam Altman arrives at the Sun Valley Lodge for the 2025 Allen & Co. Sun Valley Conference on July 8, 2025. Photo Kevin Dietsch/Getty Images The annual Allen & Company conference, often dubbed the “summer camp for billionaires,” is underway in the resort town of Sun Valley, Idaho. Over the next few days,
Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence start-up Scale AI, according to people familiar with the matter. The financing could exceed US$10 billion in value, some of the people said, making it one of the largest private company funding events of all time. The terms of the deal are