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OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round

OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised…

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World News

Asia-Pacific markets fall as investors monitor Middle East tensions; Japan’s Nikkei down 1.4%

A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024. Bloomberg | Bloomberg…

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World News

Stock futures fall slightly following rocky start to October: Live updates

Traders work on the floor of the New York Stock exchange during morning trading on May 17, 2024. Michael M.…

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World News

AI chipmaker Cerebras files for IPO to take on Nvidia

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey…

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Forget Nvidia: Here’s how one CIO is positioning after the rate cut

The U.S. Federal Reserve’s bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors…

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Bull market enters fourth quarter with just about everything going its way

The bull market continues to command respect. Most investors are now granting it, some more grudgingly than others. Start with…

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OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers…

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World News

The S&P 500 hit multiple records this week, but it’s still Nvidia’s market

The S & P 500 earned three records this week alone. That brings the number of times in 2024 the…

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World News

Sam Altman tells OpenAI employees he hasn’t received ‘giant equity stake’ in company

At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied reports that he received a “giant equity stake” in…

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World News

Major global chip stocks rally on Micron’s 15% surge; ASML up 4%

Global chip makers are in focus amid a boom in artificial intelligence applications.  Sefa Ozel | E+ | Getty Images…

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