Sri Muppidi

OpenAI has asked the Trump administration to expand the 35% tax credit established under the Chips Act — the 2022 law designed to boost U.S. semiconductor production– to apply to AI data centers, according to a letter dated on October 27 posted online by the company . The company wants the government to make the tax credit available to other components of the chip supply chain, including grid

Anthropic expects to generate as much as $70 billion in revenue in 2028, up from roughly $4.7 billion this year, The Information reported on Tuesday . The company’s fast revenue growth may encourage investors to back the company again in the coming months. The company would likely target a valuation between $300 billion and $400 billion. Roughly 80% of Anthropic’s revenue through 2028 comes

Anthropic this summer hiked its most optimistic growth forecasts by roughly 13% to 28% over the next three years and projected generating as much as $70 billion in revenue in 2028, up from close to $5 billion this year, according to a person with knowledge of the company’s financials. The ...

OpenAI this week restructured itself into a company with traditional equity, and it wasn’t long before rumblings about an initial public offering followed. There are plenty of reasons why an IPO listing may not happen until 2027 at the earliest, according to a person who has been involved in the ...

OpenAI on Tuesday completed a yearlong restructuring that will allow it to one day go public, when it could raise tens of billions of dollars to help fund its costly artificial intelligence. The company will continue to be effectively controlled by a nonprofit board of directors, although the ...

SoftBank has taken the next step to complete its gargantuan $30 billion investment in OpenAI. The Japanese conglomerate’s board has approved a second installment of $22.5 billion on that investment, as long as the artificial intelligence startup completes a corporate restructuring that would pay ...

OpenAI recently made a splash with artificial intelligence that generates short videos from text prompts—say, a scene from “Lord of the Rings” but with Gen Z characters, or Pokémon’s Pikachu as “The Godfather.” Now the company has set its sights on doing the same thing with music. OpenAI staff ...

OpenAI on Thursday said it bought Software Applications Inc. for an undisclosed sum. The two-year-old artificial intelligence startup develops Sky, which allows Mac users to take action on their screens and within apps using text-based prompts. “With Sky, AI works alongside you, whether you’re writing, planning, coding, or managing your day,” OpenAI said in a blog post. All twelve of

OpenAI on Tuesday unveiled ChatGPT Atlas, a web browser that allows users to search the web alongside a companion ChatGPT sidebar, confirming earlier reporting from The Information . The browser heightens OpenAI’s competition with Google, which handles most search questions on the web, including via its AI-powered Chrome browser. Shares of Google-parent Alphabet shares fell 2% after the

Peter Hoeschele, who runs OpenAI’s Stargate data center team, said at an event last week that the company’s models are essentially in constant training mode. That’s a change from the past, when OpenAI would stop training them when they reached a certain point.“Let’s stop talking about training ...

In recent weeks, Anthropic has told investment bankers it seeks to do more acquisitions, The Information reported Wednesday.  The Claude developer is interested in potential M&A opportunities that could enhance its artificial intelligence models and products as well as the technology underlying them. Potential M&A targets could help Anthropic expand its capabilities beyond

OpenAI has spent roughly $6.4 billion in stock to buy three startups over the last 16 months, while its smaller rival Anthropic has done barely any deals. But Anthropic, recently valued at $170 billion in a funding round, told investment bankers in recent weeks that it is getting ready to move ...

OpenAI CEO Sam Altman said Tuesday that the company plans to relax restrictions for adult users of its chatbot. The company will fully roll out “age-gating,” or age verification features, by December, at which point verified adults can interact with more mature content, including erotica, Altman said in a post on X. “We made ChatGPT pretty restrictive to make sure we were being careful with

Cloud AI provider Databricks, through a new agreement with OpenAI , will be able to host models such as GPT-5 for its customers, in a move to address data security concerns for Fortune 500 companies. The partnership enables Databricks’ customers to run OpenAI’s models and design AI agents directly within the Databricks platform. Databricks expects to spend at least $100 million across

Nvidia has committed to investing the first $10 billion of a planned $100 billion investment in OpenAI at the startup’s recent $500 billion valuation and then will make the remaining staggered investments at future valuations, according to a person with direct knowledge of the plans. The chip giant is making the investment in cash and will receive equity in OpenAI as part of the deal. Based on

OpenAI and Nvidia are discussing an unusual way to structure their new artificial intelligence data center partnership, under which OpenAI would lease Nvidia’s AI chips rather than buying them, according to two people who spoke to executives at the companies about it. The discussion shows how ...

When OpenAI in March released ChatGPT features that could turn photos into animated characters, a spike in usage forced the company to put temporary limits on the features. It wasn’t the first time this had happened. Chief Financial Officer Sarah Friar told investors at a Goldman Sachs ...

One question has loomed over OpenAI investors for years: How would they generate a return on their investment? The ChatGPT maker is a nonprofit that capped the potential returns of early backers in its for-profit arm, such as Khosla Ventures and Microsoft, and would prevent the newer investors ...

OpenAI said Thursday it plans to launch an artificial-intelligence powered jobs platform to match “AI-savvy employees” with businesses. The ChatGPT maker says it’s working with a variety of companies, including Walmart, John Deere, Boston Consulting Group and jobs site Indeed, as well as community groups and state governments to find employees who have AI skills. The feature could compete with

OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago. The bad news? The computing costs to develop artificial intelligence that powers the chatbot, and other data ...