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OpenAI CEO Sam Altman Compares AI Hype to Dot-Com Bubble, Warns ‘Someone’s Gonna Get Burned’: Report
OpenAI CEO Sam Altman reportedly admitted last week that the ongoing excitement around the generative artificial intelligence (AI) technology resembles the 1990s dot-com bubble. As per the report, Altman made the comments during an interview with a group of journalists, and highlighted that investors funding AI startups at high valuations could get...
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Who Is Mira Murati: The AI Startup CEO Who Withstood Meta’s Billion-Dollar Recruitment Offensive
Mira Murati’s name made headlines in November 2023, when she briefly served as interim CEO of OpenAI following Sam Altman’s removal by the board. However, this lasted merely three days as she was replaced by Emmett Shear, who himself was removed when Altman was reinstated five days later. Murati was once again made the CTO of the company.
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Jensen Huang, Other Nvidia Insiders Sold Over $1 Billion in Stock Amid Market Surge: Report
Nvidia insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday.
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Investors Spend $148 Million In Donald Trump's Meme Coin Dinner
In total, investors spent an estimated $148 million on the $TRUMP meme coin to secure their seats at the dinner, with the top-25 holders spending more than $111 million, according to crypto intelligence firm Inca Digital.
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CloudSEK Raises $19 Million in Latest Funding Round, Plans to Scale AI Models and Platform Integration
CloudSEK announced the completion of its Series A2 and B1 funding rounds on Tuesday. The cybersecurity platform said that it has raised $19 million (roughly Rs. 162.3 crore) in the combined funding round. The round witnessed participation from both Indian and US-based investors, the company stated. While new investors have been onboarded, the exist...
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Tether to Equip Hadron Platform With Chainalysis Compliance, Monitoring Tools
Tether said that its RWA tokenisation platform, dubbed Hadron, has been integrated with on-chain intelligence firm Chainalysis. Tether expects to attract institutional investors to engage with Hadron by upgrading its security capabilities.
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OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
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Opinion | What An Indian 'Thali' Can Tell Us About DeepSeek
The timing of DeepSeek's release is such that Trump may think twice about slapping trade restrictions on China in some spheres, while investors may ponder on the most optimal way to spread their bets.
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Web3 Stakeholders Share Focus Points for 2025 as 2024 Wraps-Up
As 2025 approaches, the Web3 industry eagerly anticipates greater regulatory clarity for the sector. Industry leaders are placing significant bets on the expansion of asset tokenisation and forecasting a closer integration of Web3 technologies with Artificial Intelligence (AI).
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Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Samsung Rises After Signalling Progress With Nvidia on AI Memory
Samsung Electronics has announced advancements in delivering its cutting-edge AI memory chips to Nvidia providing a measure of confidence to investors concerned about Samsung potentially lagging behind SK Hynix in the fiercely competitive market. The South Korean tech conglomerate has faced challenges in obtaining certification from Nvidia for its ...
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Elon Musk Warns Saudis About Dangers Of "Woke, Nihilistic" AI Models
Billionaire Elon Musk warned at a Saudi investor forum on Tuesday about the dangers of artificial intelligence models he said were "woke" and "nihilistic" rather than "maximally truth-seeking."
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Opinion | Are We Already In An AI Bubble?
On the one hand, we have warnings of an AI bubble fueled by excessive spending with questionable returns. At the same time, we see relentless optimism from entrepreneurs and investors betting big on AI's future.
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OpenAI's Stunning $150 Billion Valuation Said to Hinge on Upending Corporate Structure
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors.
-
OpenAI CEO Sam Altman Compares AI Hype to Dot-Com Bubble, Warns ‘Someone’s Gonna Get Burned’: Report
OpenAI CEO Sam Altman reportedly admitted last week that the ongoing excitement around the generative artificial intelligence (AI) technology resembles the 1990s dot-com bubble. As per the report, Altman made the comments during an interview with a group of journalists, and highlighted that investors funding AI startups at high valuations could get...
-
Who Is Mira Murati: The AI Startup CEO Who Withstood Meta’s Billion-Dollar Recruitment Offensive
Mira Murati’s name made headlines in November 2023, when she briefly served as interim CEO of OpenAI following Sam Altman’s removal by the board. However, this lasted merely three days as she was replaced by Emmett Shear, who himself was removed when Altman was reinstated five days later. Murati was once again made the CTO of the company.
-
Jensen Huang, Other Nvidia Insiders Sold Over $1 Billion in Stock Amid Market Surge: Report
Nvidia insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday.
-
Investors Spend $148 Million In Donald Trump's Meme Coin Dinner
In total, investors spent an estimated $148 million on the $TRUMP meme coin to secure their seats at the dinner, with the top-25 holders spending more than $111 million, according to crypto intelligence firm Inca Digital.
-
CloudSEK Raises $19 Million in Latest Funding Round, Plans to Scale AI Models and Platform Integration
CloudSEK announced the completion of its Series A2 and B1 funding rounds on Tuesday. The cybersecurity platform said that it has raised $19 million (roughly Rs. 162.3 crore) in the combined funding round. The round witnessed participation from both Indian and US-based investors, the company stated. While new investors have been onboarded, the exist...
-
Tether to Equip Hadron Platform With Chainalysis Compliance, Monitoring Tools
Tether said that its RWA tokenisation platform, dubbed Hadron, has been integrated with on-chain intelligence firm Chainalysis. Tether expects to attract institutional investors to engage with Hadron by upgrading its security capabilities.
-
OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
-
Opinion | What An Indian 'Thali' Can Tell Us About DeepSeek
The timing of DeepSeek's release is such that Trump may think twice about slapping trade restrictions on China in some spheres, while investors may ponder on the most optimal way to spread their bets.
-
Web3 Stakeholders Share Focus Points for 2025 as 2024 Wraps-Up
As 2025 approaches, the Web3 industry eagerly anticipates greater regulatory clarity for the sector. Industry leaders are placing significant bets on the expansion of asset tokenisation and forecasting a closer integration of Web3 technologies with Artificial Intelligence (AI).
-
Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Samsung Rises After Signalling Progress With Nvidia on AI Memory
Samsung Electronics has announced advancements in delivering its cutting-edge AI memory chips to Nvidia providing a measure of confidence to investors concerned about Samsung potentially lagging behind SK Hynix in the fiercely competitive market. The South Korean tech conglomerate has faced challenges in obtaining certification from Nvidia for its ...
-
Elon Musk Warns Saudis About Dangers Of "Woke, Nihilistic" AI Models
Billionaire Elon Musk warned at a Saudi investor forum on Tuesday about the dangers of artificial intelligence models he said were "woke" and "nihilistic" rather than "maximally truth-seeking."
-
Opinion | Are We Already In An AI Bubble?
On the one hand, we have warnings of an AI bubble fueled by excessive spending with questionable returns. At the same time, we see relentless optimism from entrepreneurs and investors betting big on AI's future.
-
OpenAI's Stunning $150 Billion Valuation Said to Hinge on Upending Corporate Structure
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors.
