Goldman Sachs Remains Optimistic on AI Theme in Asia
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Yahoo
18 minutes ago
- Yahoo
SoftBank and OpenAI's Stargate aims building small data center by year-end, WSJ reports
(Reuters) -Stargate, a multi-billion-dollar effort by ChatGPT's creator OpenAI, SoftBank and Oracle to supercharge the U.S.' AI ambitions is now setting the more modest goal of building a small data center by the end of the year, likely in Ohio, the Wall Street Journal reported on Monday. In January, U.S. President Donald Trump hosted top tech CEOs at the White House to highlight the $500 billion Stargate Project, which would create more than 100,000 jobs in the country. SoftBank and OpenAI, which jointly lead the joint venture, have been at odds over crucial terms of the partnership, including where to build the sites, the report said, citing people familiar with the matter. In a joint statement, the two companies told Reuters they were moving "with urgency on site assessments" and were also advancing projects in multiple states. When the project was unveiled, the companies involved, along with other equity backers of Stargate, had committed $100 billion for immediate deployment, with the remaining investment expected to occur over the next four years. Oracle Chairman Larry Ellison said at the time that the first of the project's data centers was already under construction in Texas. Trump has prioritized winning the AI race against China and declared, on his first day in office, a national energy emergency aimed at removing all regulatory obstacles to oil and gas drilling, coal and critical mineral mining, and building new gas and nuclear power plants to bring more energy capacity online.
TechCrunch
19 minutes ago
- TechCrunch
OpenAI and Google outdo the mathletes, but not each other
AI models from OpenAI and Google DeepMind achieved gold medal scores in the 2025 International Math Olympiad (IMO), one of the world's oldest and most challenging high school level math competitions, the companies independently announced in recent days. The result underscores just how fast AI systems are advancing, and yet, how evenly matched Google and OpenAI seem to be in the AI race. AI companies are competing fiercely for the public perception of behind ahead in the AI race: an intangible battle of 'vibes' that can have big implications for securing top AI talent. A lot of AI researchers come from backgrounds in competitive math, so benchmarks like IMO mean more than others. Last year, Google scored a silver medal at IMO using a 'formal' system, meaning it required humans to translate problems into a machine‑readable format. This year, both OpenAI and Google entered 'informal' systems into the competition, which were able to ingest questions and generate proof‑based answers in natural language. Both companies claim their AI models scored higher than most high school students and Google's AI model from last year, without requiring any human-machine translation. In interviews with TechCrunch, researchers behind OpenAI and Google's IMO efforts claimed that these gold medal performances represent breakthroughs around AI reasoning models in non-verifiable domains. While AI reasoning models tend to do well on questions with straightforward answers, such as math or coding tasks, these systems struggle on tasks with more ambiguous solutions, such as buying a great chair or helping with complex research. However, Google is raising questions around how OpenAI conducted and announced its gold medal IMO performance. After all, if you're going to enter AI models into a math contest for high schoolers, you might as well argue like teenagers. Shortly after OpenAI announced its feat on Saturday morning, Google DeepMind's CEO and researchers took to social media to slam OpenAI for announcing its gold‑medal prematurely — shortly after IMO announced which high schoolers had won the competition on Friday night — and for not having their model's test officially evaluated by IMO. Btw as an aside, we didn't announce on Friday because we respected the IMO Board's original request that all AI labs share their results only after the official results had been verified by independent experts & the students had rightly received the acclamation they deserved — Demis Hassabis (@demishassabis) July 21, 2025 Thang Luong, a Google DeepMind senior researcher and lead for the IMO project, told TechCrunch that Google waited to announce its IMO results to respect the students participating in the competition. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW Luong said that Google has been working with IMO's organizers since last year in preparation for the test and wanted to have the IMO president's blessing and official grading before announcing its official results, which it did on Monday morning. 'The IMO organizers have their grading guideline,' Luong said. 'So any evaluation that's not based on that guideline could not make any claim about gold-medal level [performance].' Noam Brown, a senior OpenAI researcher who worked on the IMO model, told TechCrunch that IMO reached out to OpenAI a few months ago about participating in a formal math competition, but the ChatGPT-maker declined because it was working on natural language systems that it thought were more worth pursuing. Brown says OpenAI didn't know IMO was conducting an informal test with Google. OpenAI says it hired third-party evaluators — three former IMO medalists who understood the grading system — to grade its AI model's performance. After OpenAI learned of its gold medal score, Brown said the company reached out to IMO, which then told the company to wait to announce until after IMO's Friday night award ceremony. IMO did not respond to TechCrunch's request for comment. Google isn't necessarily wrong here — it did go through a more official, rigorous process to achieve its gold medal score — but the debate may miss the bigger picture: AI models from several leading AI labs are improving quickly. Countries from around the world sent their brightest students to compete at IMO this year, and just a few percent of them scored as well as OpenAI and Google's AI models did. While OpenAI used to have a significant lead over the industry, it certainly feels as though the race is more closely matched than any company would like to admit. OpenAI is expected to release GPT-5 in the coming months, and the company certainly hopes to give off the impression that it still leads the AI industry.
Wall Street Journal
20 minutes ago
- Wall Street Journal
Oil Edges Lower Amid Tariff, Demand Concerns
0005 GMT — Oil edges lower in the early Asian session amid tariff and demand concerns. Lingering uncertainty over U.S. tariff decisions could continue to damp sentiment around forward demand for crude, XTB MENA's Milad Azar says in an email. Also, U.S. crude inventories have introduced more uncertainty, the market analyst says. 'U.S. crude stocks posted a draw last week, but this was offset by builds in gasoline and distillate inventories, suggesting underlying demand may be underwhelming relative to seasonal expectations,' Azar adds. Front-month WTI crude oil futures are down 0.15% at $67.10/bbl; front-month Brent crude oil futures are 0.2% lower at $69.07/bbl. (
