Chris Liu
The Latest
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Apple Confirms Exit from OpenAI’s $6.5 Billion Funding Round as Microsoft Boosts Investment
Apple has reportedly withdrawn from negotiations to participate in OpenAI's latest $6.5 billion funding round, according to a recent Wall Street Journal report. This decision marks a notable development in the ongoing AI arms race, as Apple was initially expected to join major tech companies such as Microsoft and Nvidia in investing in OpenAI, the creator of ChatGPT. The funding round, which could value OpenAI at over $100 billion, is set to close next week. 
Apple has reportedly withdrawn from negotiations to participate in OpenAI's latest $6.5 billion funding round, according to a recent Wall Street Journal report. This decision marks a notable development in the ongoing AI arms race, as Apple was initially expected to join major tech companies such as Microsoft and Nvidia in investing in OpenAI, the creator of ChatGPT. The funding round, which could value OpenAI at over $100 billion, is set to close next week. -
Binance Founder Changpeng Zhao Released from U.S. Custody After Prison Sentence
Binance founder Changpeng "CZ" Zhao has been released from a California correctional facility, according to reports from Bloomberg News. His release comes just two days ahead of his scheduled date, which was initially set for September 29. The U.S. Bureau of Prisons confirmed that early releases are common when the official date falls on a weekend or holiday, as in this case. 
Binance founder Changpeng "CZ" Zhao has been released from a California correctional facility, according to reports from Bloomberg News. His release comes just two days ahead of his scheduled date, which was initially set for September 29. The U.S. Bureau of Prisons confirmed that early releases are common when the official date falls on a weekend or holiday, as in this case. -
OpenAI Eyes $11.6 Billion Revenue Despite $5 Billion Loss in 2024 as Funding Round Nears $150 Billion Valuation
OpenAI, the artificial intelligence company behind ChatGPT, is anticipating a significant financial loss this year, projecting losses of about $5 billion on revenues of $3.7 billion, according to sources close to the company. Despite the heavy losses, OpenAI's growth trajectory remains steep, with revenue expected to surge to $11.6 billion next year, CNBC confirmed on Friday. 
OpenAI, the artificial intelligence company behind ChatGPT, is anticipating a significant financial loss this year, projecting losses of about $5 billion on revenues of $3.7 billion, according to sources close to the company. Despite the heavy losses, OpenAI's growth trajectory remains steep, with revenue expected to surge to $11.6 billion next year, CNBC confirmed on Friday. -
Nvidia Rejoins $3 Trillion Club as CEO Jensen Huang’s Wealth Surges by $2.3 Billion
Nvidia has once again reached a market capitalization of $3 trillion, a remarkable milestone that underscores the company's central role in the AI revolution. As shares of the chipmaker surged by more than 2% on Wednesday, Nvidia CEO Jensen Huang saw his net worth increase by $2.3 billion, bringing his total fortune to $108 billion, according to Forbes. This remarkable rise further solidifies Huang's position as one of the wealthiest individuals in the world. 
Nvidia has once again reached a market capitalization of $3 trillion, a remarkable milestone that underscores the company's central role in the AI revolution. As shares of the chipmaker surged by more than 2% on Wednesday, Nvidia CEO Jensen Huang saw his net worth increase by $2.3 billion, bringing his total fortune to $108 billion, according to Forbes. This remarkable rise further solidifies Huang's position as one of the wealthiest individuals in the world. -
OpenAI to Drop Non-Profit Control, Sam Altman to Receive Major Equity Stake in $150 Billion AI Giant Amid Leadership Exodus
OpenAI, the artificial intelligence research lab behind the breakthrough ChatGPT, is undergoing a significant restructuring that will shift control away from its non-profit board. Sources close to the situation say the company plans to become a for-profit benefit corporation, a move designed to attract further investment while providing equity to CEO Sam Altman for the first time. 
OpenAI, the artificial intelligence research lab behind the breakthrough ChatGPT, is undergoing a significant restructuring that will shift control away from its non-profit board. Sources close to the situation say the company plans to become a for-profit benefit corporation, a move designed to attract further investment while providing equity to CEO Sam Altman for the first time. -
Google Files EU Antitrust Complaint, Accuses Microsoft of Stifling Cloud Competition
Google has filed an antitrust complaint with the European Union's top antitrust regulator, accusing Microsoft of stifling competition in the multibillion-dollar cloud computing industry. 
Google has filed an antitrust complaint with the European Union's top antitrust regulator, accusing Microsoft of stifling competition in the multibillion-dollar cloud computing industry. -
Microsoft Partners with Constellation to Revive Three Mile Island Nuclear Plant for AI Power
In a landmark move signaling both the resurgence of nuclear power and the energy demands of tech companies, Constellation Energy announced plans to restart the dormant Three Mile Island Unit 1 reactor in Pennsylvania. This initiative, aimed at powering Microsoft's growing artificial intelligence (AI) operations, is part of a 20-year energy deal between the two companies. The project reflects the increasing reliance of the tech industry on clean, reliable energy sources to meet the power needs of expanding data centers. 
In a landmark move signaling both the resurgence of nuclear power and the energy demands of tech companies, Constellation Energy announced plans to restart the dormant Three Mile Island Unit 1 reactor in Pennsylvania. This initiative, aimed at powering Microsoft's growing artificial intelligence (AI) operations, is part of a 20-year energy deal between the two companies. The project reflects the increasing reliance of the tech industry on clean, reliable energy sources to meet the power needs of expanding data centers. -
EU Orders Apple to Open iPhone System to Rivals or Face Billions in Fines
The European Union has intensified its antitrust push against Apple, signaling the tech giant must open its closely guarded iPhone and iPad operating systems to rival technologies or risk significant fines. This move is part of the EU's broader enforcement of the Digital Markets Act (DMA), a set of regulations designed to foster competition in digital markets by preventing large tech firms from monopolizing their platforms. 
The European Union has intensified its antitrust push against Apple, signaling the tech giant must open its closely guarded iPhone and iPad operating systems to rival technologies or risk significant fines. This move is part of the EU's broader enforcement of the Digital Markets Act (DMA), a set of regulations designed to foster competition in digital markets by preventing large tech firms from monopolizing their platforms. -
Elon Musk's SpaceX to Sue FAA Over "Regulatory Overreach" Amid $630,000 in Proposed Fines for Launch Violations
Elon Musk's SpaceX is preparing to file a lawsuit against the Federal Aviation Administration (FAA), alleging "regulatory overreach," following a series of fines imposed by the agency. The fines, which total more than $630,000, stem from alleged safety violations during two SpaceX launches in 2023. This legal confrontation underscores the ongoing tension between the aerospace giant and federal regulators as SpaceX continues to push the boundaries of commercial space travel. 
Elon Musk's SpaceX is preparing to file a lawsuit against the Federal Aviation Administration (FAA), alleging "regulatory overreach," following a series of fines imposed by the agency. The fines, which total more than $630,000, stem from alleged safety violations during two SpaceX launches in 2023. This legal confrontation underscores the ongoing tension between the aerospace giant and federal regulators as SpaceX continues to push the boundaries of commercial space travel. -
Instagram Introduces New 'Teen Accounts' to Bolster Privacy and Parental Control Amid Rising Concerns
Instagram, under its parent company Meta, announced the introduction of new "Teen Accounts" that will automatically place all users under 18 into a more private and restrictive environment. This sweeping change, which begins rolling out this week, is part of Meta's broader efforts to address growing concerns over the safety and well-being of teenagers on its platforms. 
Instagram, under its parent company Meta, announced the introduction of new "Teen Accounts" that will automatically place all users under 18 into a more private and restrictive environment. This sweeping change, which begins rolling out this week, is part of Meta's broader efforts to address growing concerns over the safety and well-being of teenagers on its platforms.
