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OpenAI Employees May Get To Sell Shares After $6.6 Billion Round, Says The Information

BRIEF-OpenAI Employees May Get To Sell Shares After $6.6 Billion Round, Says CFO- The Information Oct 2 (Reuters) - OPENAI EMPLOYEES MAY GET TO SELL SHARES AFTER $6.6 BILLION ROUND, SAYS CFO- THE INFORMATION Source text: https://tinyurl.com/36mje4t8 Further company coverage: MSFT.O
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OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia

UPDATE 3-OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia Funding, in convertible debt, coming from Thrive Capital, Khosla Ventures, Microsoft and Nvidia Altimeter Capital, Fidelity, SoftBank, and MGX also participated Thrive Capital committed $1.2 billion with an option for $1 billion more next year Add message from OpenAI CFO to employees in paragraph 5 By Krystal Hu Oct 2 (Reuters) - OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, w
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Microsoft Says Azure Nd H200 V5 Series Virtual Machines Are Now Generally Available

BRIEF-Microsoft Says Azure Nd H200 V5 Series Virtual Machines Are Now Generally Available Oct 2 (Reuters) - Microsoft Corp MSFT.O : MICROSOFT: AZURE ND H200 V5 SERIES VIRTUAL MACHINES ARE NOW GENERALLY AVAILABLE -BLOG
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OpenAI closes $6.6 billion funding haul at valuation of $157 billion with investment from Microsoft and Nvidia

OpenAI closes $6.6 billion funding haul at valuation of $157 billion with investment from Microsoft and Nvidia By Krystal Hu Oct 2 (Reuters) - OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, cementing the ChatGPT maker's status as one of the most valuable private companies in the world, sources familiar with the matter said on Wednesday.
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Beware hallucinations in AI chipmaker IPO

BREAKINGVIEWS-Beware hallucinations in AI chipmaker IPO The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Oct 2 (Reuters Breakingviews) - ChatGPT lit a capital fuse in artificial intelligence, especially for its silicon masters. Nvidia NVDA.O chips, essential for training AI models, have prompted a nearly 600% increase in its market value since OpenAI’s chatbot exploded onto the scene almost two years ago.
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Microsoft to make $4.8 bln AI, cloud investment in Italy

REFILE-UPDATE 1-Microsoft to make $4.8 bln AI, cloud investment in Italy Corrects Microsoft executive title in paragraph 3 MILAN, Oct 2 (Reuters) - Microsoft MSFT.O plans to invest 4.3 billion euros ($4.8 billion) over the next two years to strengthen its artificial intelligence (AI) and cloud infrastructure in northern Italy, it said on Wednesday.
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Microsoft to invest 4.3 bln euros in Italy for AI infrastructure and cloud capacity

Microsoft to invest 4.3 bln euros in Italy for AI infrastructure and cloud capacity MILAN, Oct 2 (Reuters) - Microsoft MSFT.O said in a statement on Wednesday it would invest 4.3 billion euros ($4.75 billion) over the next two years to strengthen artificial intelligence (AI) infrastructure and cloud capacity in Italy. The investment will be the company's largest in Italy to date, Microsoft added.
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Salesforce rises after Northland Capital upgrades stock

BUZZ-Salesforce rises after Northland Capital upgrades stock ** Shares of enterprise cloud firm Salesforce CRM.N rise ~1.7% to $275 ** Northland Capital Markets upgrades stock to "outperform" and raises PT to $400 from $270 ** Brokerage believes that with the launch of Agentforce, CRM has "minimally caught up with Microsoft MSFT.O as AI has evolved
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Tech market values jump in September on Fed rate cuts, AI optimism

GRAPHIC-Tech market values jump in September on Fed rate cuts, AI optimism Oct 2 (Reuters) - The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies, and further fuelled by continued enthusiasm for artificial intelligence.
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AI's next feat will be its descent from the cloud

RPT-BREAKINGVIEWS-AI's next feat will be its descent from the cloud The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Robyn Mak HONG KONG, Oct 2 (Reuters Breakingviews) - It's been two years since ChatGPT made its public debut, kicking off a rush to invest in generative artificial intelligence. The frenzy has lifted valuations for startups like OpenAI, inventor of the chatbot, as well as technology titans whose cloud computing platforms train and host the mo
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AI's next feat will be its descent from the cloud

RPT-BREAKINGVIEWS-AI's next feat will be its descent from the cloud The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Robyn Mak HONG KONG, Oct 2 (Reuters Breakingviews) - It's been two years since ChatGPT made its public debut, kicking off a rush to invest in generative artificial intelligence. The frenzy has lifted valuations for startups like OpenAI, inventor of the chatbot, as well as technology titans whose cloud computing platforms train and host the mo
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Italy - Factors to watch on October 2

Italy - Factors to watch on October 2 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases unemployment rate data (0800 GMT). POLITICS On Tuesday evening, Italy's Cabinet held a special meeting dedicated to the Middle East crisis.
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Oracle to invest $6.5 billion to set up cloud facilities in Malaysia

CORRECTED-Oracle to invest $6.5 billion to set up cloud facilities in Malaysia Corrects name of Oracle's executive vice president for Japan and Asia Pacific to Garrett, not Garret, in paragraph 5 Oracle's investment set to be one of the largest in Malaysia Cloud region to help Malaysian organizations modernize and innovate with AI Oracle says planning further expansion across Asia By Danial Azhar KUALA LUMPUR, Oct 2 (Reuters) - Oracle ORCL.N plans to invest more than $6.5 billion to set up its f
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AI's next feat will be its descent from the cloud

BREAKINGVIEWS-AI's next feat will be its descent from the cloud The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Robyn Mak HONG KONG, Oct 2 (Reuters Breakingviews) - It's been two years since ChatGPT made its public debut, kicking off a rush to invest in generative artificial intelligence. The frenzy has lifted valuations for startups like OpenAI, inventor of the chatbot, as well as technology titans whose cloud computing platforms train and host the models
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National Grid Renewables Signs Power Purchase Agreement With Microsoft

BRIEF-National Grid Renewables Signs Power Purchase Agreement With Microsoft Microsoft Corp MSFT.O : NATIONAL GRID RENEWABLES SIGNS POWER PURCHASE AGREEMENT WITH MICROSOFT NATIONAL GRID RENEWABLES: PORTAGE SOLAR IS ESTIMATED TO BEGIN CONSTRUCTION IN 2025 AND REACH OPERATION IN 2027 Source text for Eikon: ID:nPn1jVH6Pa Further company coverage: MSFT
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Microsoft Public Preview Of Gpt-4O-Realtime-Preview For Audio And Speech

BRIEF-Microsoft Public Preview Of Gpt-4O-Realtime-Preview For Audio And Speech Oct 1 (Reuters) - Microsoft Corp MSFT.O : MICROSOFT: PUBLIC PREVIEW OF GPT-4O-REALTIME-PREVIEW FOR AUDIO AND SPEECH Source text for Eikon: [ID:] Further company coverage: MSFT.O
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OpenAI introduces new tools to fast-track building of AI voice assistants

UPDATE 1-OpenAI introduces new tools to fast-track building of AI voice assistants Rewrites paragraph 1 Oct 1 (Reuters) - OpenAI unveiled a host of new tools on Tuesday that would make it easier for developers to build applications based on its artificial intelligence technology, as the ChatGPT maker wrestles with tech giants to keep up in the generative AI race.
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Anthropic hires OpenAI co-founder Durk Kingma - TechCrunch

MEDIA-Anthropic hires OpenAI co-founder Durk Kingma - TechCrunch -- Source link: https://tinyurl.com/2ypf8n93 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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OpenAI Introduces New Model Distillation Offering

BRIEF-OpenAI Introduces New Model Distillation Offering Oct 1 (Reuters) - OpenAI: OPENAI: INTRODUCING NEW MODEL DISTILLATION OFFERING OPENAI: INTRODUCING VISION FINE-TUNING ON GPT-4O OPENAI: MODEL DISTILLATION IS AVAILABLE TODAY TO ALL DEVELOPERS & CAN BE USED TO DISTILL ANY MODELS OPENAI: VISION FINE-TUNING CAPABILITIES ARE AVAILABLE TODAY FOR ALL
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OpenAI introduces new tools for developers to fast-track building of AI models

OpenAI introduces new tools for developers to fast-track building of AI models Oct 1 (Reuters) - OpenAI unveiled a host of new tools on Tuesday that would make it easier for developers to build models based on its artificial intelligence technology, as the ChatGPT maker wrestles with tech giants to keep up in the generative AI race. The Microsoft-backed MSFT.O startup said a new real-time tool, rolling out immediately for testing, would allow developers to create AI voice applications using a si
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