AI Business
Elon Musk Loses OpenAI Lawsuit After Jury Says He Waited Too Long to Sue
Elon Musk’s lawsuit against OpenAI was dismissed after a jury determined he waited too long to file.
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AI Business
Latest AI Business news and updates — updated daily from trusted sources.
AI Business
Dell’s AI Factory Reduces Cloud Costs by 87%
Dell collaborates with NVIDIA to launch local Agentic AI systems. The initiative aims to cut cloud costs by 87% for enterprise customers.
AI Business
Microsoft’s AI Chief Predicts White-Collar Job Automation
Microsoft’s AI chief predicts that white-collar jobs could vanish in 18 months as automation accelerates across organizations. The company is investing heavily in AI to drive this transformation.
AI Business
OpenAI Launches Professional Services Subsidiary
OpenAI has established DeployCo, a subsidiary offering AI consulting services to businesses. This move aims to help companies integrate AI solutions effectively.
AI Business
Cerebras’ IPO Valuation Reaches $95 Billion
Cerebras’ stock surges 68% in Nasdaq debut, achieving a $95 billion valuation post-IPO.
AI Business
China’s Data Centers Engage in Spot Power Trading
Chinese data centers begin participating in spot power trading, marking a significant shift in energy procurement strategies.
AI Business
Fractile Raises £165 Million in Series B Funding for AI Inference Chips
Fractile, a London-based startup, has secured £165 million in Series B funding to develop AI inference chips. This investment underscores the growing competition in the UK AI hardware sector.
AI Business
AI Investment Hits Record $100 Billion in 2024 — Where the Money Is Going
Global AI investment reached a record $100 billion in 2024 according to new data from PitchBook. Generative AI companies attracted the largest share with OpenAI, Anthropic, and xAI leading fundraising rounds.