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OpenAI Looking to Raise Funding at Valuation of Over $100 Billion

OpenAI has entered into early discussions over launching a new round of funding in which the artificial intelligence company will have a valuation of over $100 billion. While the exact details of the funding round have not yet been divulged by the organizers, a...

Google Ventures Hires General Partner to Drive AI Startups

GV, backed by Google parent company Alphabet Inc, appointed Michael McBride from software firm GitLab as its latest general partner to focus on open-source and AI startups backed by the company, the firm confirmed on Wednesday. McBride has been the chief revenue officer for...

Microsoft to Invest $3.2 Billion in UK in AI Push

Microsoft is planning to inject $3.2 billion over the next three years into the United Kingdom in an effort to foster artificial intelligence technology growth. The UK government has lauded this decision, claiming that Microsoft's investment will provide a solid foundation from which the...

Nvidia Delays Launch of China-Focused AI Chip

Chipmaker Nvidia Corp has delayed the launch of its new artificial intelligence chip in China until the first quarter of 2024, the company announced to consumers. Initially expected to be launched as early as November 16, Nvidia decided to delay the chip's release due...

OpenAI in Discussions to Restore Sam Altman as CEO

The board of OpenAI is engaged in discussions with former CEO Sam Altman to return to the company in his previous role. This comes after he was promptly dismissed from his role on Friday without any prior notice. In response to Altman's dismissal, several OpenAI...

Samsung Secures New AI Chip Customer

The contact chip manufacturing arm of Samsung has acquired a new artificial intelligence chip customer, the company announced on Monday. This new company is Canadian startup Tenstorrent; a producer of chips and intellectual property for data centers as well as automotive and other industries....