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Reddit Stock Jumps on the Back of Open AI Partnership

Social media platform Reddit announced earlier this week that it is partnering up with artificial intelligence start-up Open AI to improve the experience of its users. The announcement caught the attention of investors, and the company’s stock saw a significant jump of 15% at...

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...

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...

SoftBank Looking for More AI Deals Following Arm IPO

SoftBank is looking to engage in more artificial intelligence deals after the mammoth initial public offering (IPO) of its Arm unit. Arm's secured a $54.5 billion valuation in its IPO on Wednesday. Masayoshi Son, founder and chief executive, is reportedly ready to invest tens...

G7 Should Adopt “Risk-Based” AI Regulation, Ministers Suggest

Digital ministers at the latest Group of Seven meeting on Sunday agreed that "risk-based" regulation of artificial intelligence technology should be adopted. This comes as European lawmakers look to pass an AI Act in order to govern emerging technologies such as ChatGPT from Open...