Latest news with #OpenAi
CNBC
22-05-2025
- Business
- CNBC
OpenAI 'IO' deal escalates Google rivalry
CNBC's Deirdre Bosa joins 'Money Movers' to discuss OpenAi's challenge to Google and Google facing scrutiny from the DOJ for its AI deal.
Hypebeast
22-05-2025
- Business
- Hypebeast
OpenAI Acquires Jony Ive's AI Device Company, io for $6.5 Billion USD
Summary OpenAIhas announced its acquisition of io, theAIhardware startup founded by formerAppledesign chiefJony Ive. OpenAI CEOSam Altmanstruck a landmark $6.5 billion USD all-stock deal, marking this OpenAI's largest acquisition to date and a significant move into the consumer hardware market. The company previously saw OpenAI own a 23% minority stake in io. Ive, who founded the company last year, is best known for his extensive work at Apple Inc. where he served as Chief Design Officer until his departure in 2019. He was a pivotal figure in the design of many of Apple's most iconic products, including the iMac, iPod, iPhone, iPad, MacBook and the Apple Watch. io was founded last year by Ive and this acquisition will see the company merge its team of 55 engineers, designers and researches who are ''focused on developing products that inspire, empower and enable' with OpenAI 'to work more intimately with the research, engineering and product teams in San Francisco.' OpenAi also said in the announcement that a collaboration between Ive and the creative collective LoveFrom and Altman began two years ago. It said, 'A collaboration built upon friendship, curiosity and shared values quickly grew in ambition. Tentative ideas and explorations evolved into tangible designs.' The statement continues, 'As io merges with OpenAI, Jony and LoveFrom will assume deep design and creative responsibilities across OpenAI and io.' The scope of OpenAi's plans post-acquisition are closely kept under wraps,Wall Street Journalreported that the 'closely guarded project' on a new device 'will move consumers beyond screens' and see OpenAI and io 'considering options including headphones and other devices with cameras.' Altman said in a statement, 'AI is an incredible technology, but great tools require work at the intersection of technology, design and understanding people and the world. No one can do this like Jony and his team; the amount of care they put into every aspect of the process is extraordinary.' Sam & Jony introduce — OpenAI (@OpenAI)May 21, 2025
Nikkei Asia
17-05-2025
- Automotive
- Nikkei Asia
Indonesia grapples with the popularity and risks of Sam Altman's Worldcoin
JAKARTA -- Fajar Cipta, a ride-hailing driver based in Jakarta, had long heard about cryptocurrency from YouTube videos and online influencers. So when OpenAi CEO Sam Altman's World project officially entered Indonesia in February, opening at least 20 "verification hubs," Fajar was among the first to line up.
Yahoo
02-04-2025
- Business
- Yahoo
OpenAI's $40B Raise Calms Market Jitters, Sends CoreWeave and AI Tokens Higher
CoreWeave (CRWV) shares rose more than 38% on their third day of trading debut after raising nearly $1.5 billion from its IPO following OpenAi's announcement of a record-breaking $40 billion funding round on Monday. The artificial intelligence (AI) startup went public on the Nasdaq exchange on Friday afternoon. The stock dropped below its IPO price to $39 and ended the day flat at $40 before dropping another 10% on Monday, its first full day of trading. CoreWeave's IPO came at a time of strong anxiety and uncertainty in global markets, diminishing investor appetite and risk tolerance. However, investor sentiment towards AI-related stocks seemed to have changed on Tuesday after AI powerhouse OpenAI announced on Monday that it had closed a $40 billion funding round, valuing the company at $300 billion. The move appears to have assured investors that there continues to be a strong appetite for AI companies, even in the current rough market. This positive outlook has also spread to digital assets, as AI-related tokens were boosted on Tuesday. AI tokens, including Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO) and Render (RENDER), were all up over 3% on Tuesday, with RENDER leading the group, trading 7.4% higher. The broader digital assets market, CoinDesk20 Index, also rose 3%. Meanwhile, the shares of Core Scientific (CORZ), the bitcoin miner and data center with a large partnership with CoreWeave, have also risen more than 9% on Tuesday. Sign in to access your portfolio
Khaleej Times
16-02-2025
- Business
- Khaleej Times
OpenAI board rejects Eloon Musk's $97.4 billion offer
OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is Musk's latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman — but later left — from becoming a for-profit firm, as it looks to secure more capital and stay ahead in the artificial intelligence race. "OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition. Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity," it said on X, quoting OpenAI Chairman Bret Taylor on behalf of the board. Musk's lawyer Marc Toberoff, in a statement, responded that OpenAI is putting control of the for-profit enterprise up for sale, and said the move will "enrich its certain board members rather than the charity.' OpenAi in late December had outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent. Altman on Monday had rebuffed the consortium's offer with a "no thank you" posted on X, prompting Musk to retort: "swindler." On Tuesday, Altman told news website Axios that OpenAI was not for sale. Musk's lawyers, in a court filing on Wednesday, said the consortium, which includes Musk's own AI startup xAI, would withdraw its bid for OpenAI's non-profit arm if it drops plans to become a for-profit entity. "Two days ago, you filed a pleading in court adding new material conditions to the proposal. As a result of that filing, it is now apparent that your clients' much publicised 'bid' is in fact not a bid at all," the OpenAI board said, according to a letter signed by William Savitt, a lawyer representing the company, and sent to Toberoff on Friday. Other investors in the consortium include Valor Equity Partners, Baron Capital and Hollywood power broker Ari Emanuel. Altman and Musk have been at loggerheads for years. After Musk's departure in 2019, OpenAI created a for-profit arm that has drawn billions of dollars in funding, sparking allegations from Musk that the startup breached its original mission by putting profit ahead of the larger public good. Musk sued Altman, OpenAI and its biggest backer, Microsoft , in August last year for alleged breach of contract. In November, Musk asked a federal court for a preliminary injunction to block OpenAI from moving to a for-profit structure.
