Concerns are mounting over when and how all this investment in artificial intelligence will pay off — even at AI leader OpenAI, which reportedly predicts it will lose $14 billion in 2026 on $100 billion in revenue and won’t make a profit until 2030. Still, the money keeps pouring into AI companies, from $250 million ...

If OpenAI could just monetize all the ink that gets spilled on the company, perhaps it could justify raising such a crazy amount of money this week. And get this: The $6.6 billion round, at a (gulp) $157 billion valuation, the biggest VC round ever, won’t even be enough to relieve CEO Sam Altman from having to ...

This week brought yet another big shakeup at OpenAI, as Chief Technology Officer Mira Murati and others quit. But CEO Sam Altman seems to be cementing his control. And Chief Financial Officer Sarah Friar said in a memo that OpenAI’s oversubscribed (no, really?) funding at a $150 billion valuation is set to close next week. ...

Artificial intelligence infrastructure is taking really big bucks now to build out, as BlackRock and Microsoft joined this week to invest up to $100 billion in AI data centers and power projects. And that’s not all: Microsoft also teamed up with Constellation Energy to restart the Three Mile Island nuclear power plant to fuel its demand ...

This was the week that Apple finally infused artificial intelligence into its new iPhones, Watches and AirPods, though some of features won’t be coming for a bit and overall, the AI stuff seemed a little underwhelming. The medical features such as AirPods’ ability to serve as FDA-grade hearing aids and sleep apnea detection, though, look great. ...

It’s no surprise that entrepreneurs with a pedigree like Ilya Sutskever’s can raise a billion dollars, as the OpenAI co-founder did this week for his startup, SSI. And he wasn’t alone, as Nvidia and others also invested in two other startups, Sakana AI and You.com. But investors are getting restless, as Nvidia stock also got hammered this past ...

All eyes were on Nvidia’s earnings report this week as a proxy for the artificial intelligence economy, and even for the graphics chip giant, it was too much to live up to. Nvidia earnings disappointed, but really, how could they not? Most of the news was actually quite good, as growth looks to continue for ...

A flurry of new artificial intelligence models this week illustrated what’s coming next in AI: smaller language models targeted at vertical industries and functions. Both Nvidia and Microsoft debuted smaller large language models too. Also supporting the notion of more customized models — call them VLMs — OpenAI made its GPT-4o fine-tuning generally available. As ...

Regulators are circling ever closer to big tech companies — the latest being Google, which the Federal Trade Commission more than hinted this week should be broken up. It’s not at all certain that will happen, since it’s up to the judge in the Google v. Epic Games case, but it’s clear that Big Tech is headed for ...

Ahead of the annual Black Hat cybersecurity conference in Las Vegas, we warned that defensive tool sprawl is only likely to get worse. Onsite, the talk was about, of course, the impact of AI. So far, so good, but defenders are bracing for more sophisticated artificial intelligence-driven attacks. Meantime, lots of cybersecurity providers are doing well, if earnings and new fundings are ...