11+ hour, 18+ min ago   (245+ words) The Japanese conglomerate sealed the two-year facility last week, attracting commitments from around 20 banks By Janice Huang SoftBank Group Corp secured an $11.87 billion loan to support its investment in US artificial intelligence firm OpenAI, people familiar with the matter said,…...

11+ hour, 52+ min ago   (229+ words) Anthropic is on track to generate annualized revenue of over $65 billion based on its current performance, up more than sevenfold from its pace at the end of last year | Image: Bloomberg By Bailey Lipschultz Anthropic PBC has picked Nasdaq as…...

15+ hour ago   (260+ words) business-standard.com Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a Hong Kong stock…...

20+ hour, 57+ min ago   (306+ words) Business Standard By Mike Isaac & Kate Conger When Jacob Coxon, an Anthropic researcher, publicly quit the artificial intelligence (AI) start-up this week, citing his concerns over the powerful technology, the internal messages began flying “It’s what we’ve…...

1+ day, 10+ hour ago   (264+ words) business-standard.com Oracle said on Saturday that its co-founder and executive ​chairman Larry Ellison had canceled a plan to sell up to 50 million Oracle shares, worth about $7.5 billion at Friday's closing price Oracle had disclosed in a regulatory filing…...

1+ day, 12+ hour ago   (387+ words) Altman said this year would be an 'ill-advised moment' for initial public offering and that a listing won't take place until next year By María Paula Mijares Torres and Se Young Lee OpenAI won’t go public in this year…...

1+ day, 22+ hour ago   (367+ words) Anthropic CEO Dario Amodei has urged a slowdown in AI development, warning that rapid advances could outpace efforts to keep AI systems safe. Elon Musk backed his call Anthropic CEO Dario Amodei has called for a slower pace of artificial…...

3+ day, 11+ hour ago   (384+ words) Business Standard By Shirin Ghaffary and Rachel Metz OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same In a…...

3+ day, 12+ hour ago   (367+ words) Wipro's AI initiatives have increased productivity equivalent to the output of 20,000 employees, who have since been redeployed within ​the Indian IT firm, its chief technology officer said. The comments ​come as India's $315 billion software services industry grapples with adoption of…...

4+ day, 10+ hour ago   (287+ words) Business Standard Pocket Entertainment, the parent company of Pocket FM and Pocket Saga, has surpassed $500 million in annual recurring revenue (ARR), growing 70 per cent year-on-year, the company said in a release This was driven by the global growth of Pocket…...