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OpenAI closes massive $6.6bn funding round, valuation soars to $157bn

3rd Oct 2024

2 minutes

ChatGPT creator OpenAI has finally closed its long-awaited funding round, raising $6.6 billion in what is the largest venture capital round in history to continue its efforts in developing next-generation AI models.

AI

Twilio teams with OpenAI to launch real-time API integration for conversational AI

2nd Oct 2024

3 minutes

Customer engagement platform Twillo has partnered with OpenAI to integrate its new Realtime API into the Twilio platform.

AI

SoftBank to invest $500m in OpenAI as Apple backs out of funding round: report

1st Oct 2024

3 minutes

Japanese telecom giant SoftBank has reportedly agreed to invest $500 million in OpenAI while Apple has decided to drop out of backing the AI startup.

AI

Microsoft CEO Satya Nadella shakes hands with Young-Shub Kim, CEO of KT Corp

Microsoft, KT Corp partner to bring AI models and cloud services to Korea

30th Sep 2024

3 minutes

Microsoft has struck a multibillion-dollar partnership with KT Corporation to invest in joint AI projects aimed at accelerating digital transformation in Korea.

AI

OpenAI o1: How the 'improved reasoning' model could transform telcos

30th Sep 2024

6 minutes

After much anticipation, OpenAI recently lifted the veil on ‘Project Strawberry’ unveiling o1 – an AI model designed to “think” before responding.

AI

A close up of a computer screen displaying the OpenAI homepage

OpenAI pushes for massive data centres to power next-gen AI models: report

27th Sep 2024

2 minutes

OpenAI reportedly lobbied the Biden administration to build giant data centres that consume energy as much as millions of homes to support next-gen AI model development.

AI

James Cameron, director of The Terminator, Titanic

Terminator director James Cameron joins AI startup Stability's board

25th Sep 2024

4 minutes

Stability, the startup commercialising the AI image generation model Stable Diffusion has added a blockbuster name to its board of directors: Terminator and Titanic director James Cameron.

AI

Tech giants join 100+ companies signing voluntary EU AI Pact

25th Sep 2024

4 minutes

Salesforce has joined more than 100 companies including Amazon, Google and Microsoft to have signed up for the EU AI Pact — a voluntary commitment to apply the principles of the AI Act ahead of its enforcement.

AI

Satya Nadella, chair and CEO of Microsoft addresses the crowd at Microsoft's AI Tour in Mexico City

Microsoft to invest $1.3bn to expand Mexico's cloud and AI infrastructure

25th Sep 2024

3 minutes

Microsoft is continuing its infrastructure spending spree after it announced plans to spend $1.3 billion building out cloud and AI capacity in Mexico.

AI