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February 17, 2024
OpenAI completes a deal allowing employees to sell stakes in the company, valuing it at $86 billion. Thrive Capital to lead the deal. Share sales were delayed last year after CEO Sam Altman was ousted and then rehired.
February 17, 2024
Masayoshi Son is planning to raise $100 billion for a new chip venture targeting the AI market, at a time when Sam Altman is seeking trillions for his chip ambitions.
February 17, 2024
Earnings season picks back up for the Club next week, with four holdings set to report quarterly results.
February 17, 2024
The tender offer values the artificial intelligence startup at $86 billion, a price that makes OpenAI one of the most valuable startups in the world. Bloomberg previously reported the value and that Thrive Capital, the venture capital firm led by Josh Kushner, would lead the deal.
February 16, 2024
The Federal Circuit recently affirmed a Rule 12(b)(6) dismissal of patent claims directed to changing the position of components in an image to create the appearance of movement, i.e.,...
February 16, 2024
(Bloomberg) -- Alphabet Inc.’s Google announced an initiative to provide artificial intelligence tools and investments to bolster online security, as the emerging technology is increasingly used to both protect against and perpetrate cybercrime. Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpHawaii Rightly Rejects Supreme Court’s Gun NonsenseDozen...
February 16, 2024
Climate technology startup Twelve took a major step toward producing sustainable aviation fuel (SAF) last week by launching its commercial-scale carbon transformation unit.
February 16, 2024
The research firm said U.S. stocks have "plenty more room" to rise despite showing similarities to the stock market bubble of the dot-com era.
February 16, 2024
OpenAI, the owner of ChatGPT, is reportedly working on a web search product to directly compete with Google. The service will be powered by Microsoft's Bing search engine. Although analysts see the risk to Google as modest, OpenAI faces a formidable task in surpassing Google's search performance.