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SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week, according to a person with direct knowledge of the plans. The confidential filing will formalize the IPO plans for Elon Musk’s rocket and telecom company as it targets a June public listing.
The offering will test investor appetite for what is gearing up to be the biggest U.S. IPO of all...
Walt Disney Co. must be so glad it committed to investing $1 billion in OpenAI and becoming a customer of the ChatGPT creator. The theme park and entertainment firm agreed to both steps as part of a deal struck last December in which it licensed its characters for use on OpenAI’s Sora video-generation tool. On Tuesday, OpenAI decided to shut down Sora. In response, Disney abandoned the entire...
The federal judge presiding over Anthropic’s lawsuit against the Department of Defense called the Pentagon’s actions against Anthropic “troubling” in a hearing on Tuesday, saying that they “look like an attempt to cripple Anthropic.” The comments from Judge Rita Lin of the Northern District of ...
Meta Platforms must pay $375 million in civil penalties for violating New Mexico consumer protection laws, a jury in Santa Fe ruled on Tuesday. Meta vowed to appeal the ruling in the trial, which started early last month. The case was based on a lawsuit that New Mexico Attorney General Raúl ...
Health ring maker Oura has been interviewing bankers to advise on an initial public offering that could take place as soon as this year, according to a person with direct knowledge of discussions.
A public offering would follow fast growth at the company, which sells connected devices and a monthly subscription to an app that tracks the user’s health, including sleep and fitness. The company...
Every day seems to bring new excitement—or in the case of Amazon employees, trepidation—around AI agents that aim to perform any white-collar task involving a computer. Monday night, for instance, Anthropic announced its latest march in this direction with a version of its Claude chatbot that can take over your computer and operate any enterprise application the way humans do. But not every...
OpenAI CEO Sam Altman has relinquished direct oversight of the company’s safety and security teams so he can focus on raising capital, supply chains and “building datacenters at unprecedented scale,” he told staff on Tuesday.
At the same time, he said the company had completed the initial development of its next major AI model, codenamed Spud, and would wind down the Sora AI video mobile app,...
Shares of multiple business software providers, including Salesforce, Atlassian and HubSpot, all saw significant declines after The Information reported that Amazon Web Services is developing AI that automates sales, business development and other internal functions. This is the latest sign ...
Meta Platforms and OpenAI said Tuesday they will purchase an AI server chip produced by Arm, which previously only helped other companies design such chips. SoftBank-owned Arm said later this year it will produce a central processing unit that can handle AI tasks more efficiently than graphics ...
Meta Platforms has tapped chief technology officer Andrew Bosworth to oversee its transition into an AI-first organization, according to a report by The Wall Street Journal. Bosworth will lead the company’s AI for Work initiative, part of a broader push to improve Meta’s efficiency through the ...