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OpenAI IPO will not happen in 2026 amid AI safety fears, Altman says
15+ hour, 5+ min ago (387+ words) “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” Altman told Fortune. Growing numbers of U.S. lawmakers are calling for new rules…...
Larry Ellison cancels plan to sell Oracle stock
17+ hour, 5+ min ago (284+ words) Sept 12 (Reuters) – Oracle Executive Chairman Larry Ellison has canceled his plan to sell 50 million shares of Oracle stock, the company said on Saturday. “No Oracle stock was sold under that plan, and he has no other plans to sell any…...
Anthropic CEO urges AI companies to slow model development
21+ hour, 20+ min ago (144+ words) Sept 12 (Reuters) - Anthropic CEO Dario Amodei called on AI companies to deliberately moderate the rate at which they advance model capabilities, outlining a three-step framework intended to pace development and create more time to manage its ... Sept 12 (Reuters) â Anthropic…...
AI startup Discovery Loop seeks around $50 billion valuation, Business Insider reports
1+ day, 12+ hour ago (147+ words) Sept 11 (Reuters) – AI startup Discovery Loop is seeking to raise funds again at a valuation of $50 billion, the Business Insider reported on Friday, citing people familiar with the matter. • Terms of the deal could change, and there is no guarantee…...
Exclusive-Nvidia in talks to invest in Anthropic’s mega IPO, sources say
1+ day, 12+ hour ago (315+ words) By Krystal Hu and Milana Vinn Sept 11 (Reuters) – Anthropic is in talks to bring Nvidia as an anchor investor into what could be the largest IPO in history, two people familiar with the matter told Reuters. Anthropic is seeking to…...
OpenAI agents attacked software service RubyGems before Hugging Face incident, WSJ reports
1+ day, 13+ hour ago (146+ words) Sept 11 (Reuters) - AI agents tested by OpenAI launched a cyberattack on software service RubyGems in May, two months before they hacked Hugging Face, the Wall Street Journal reported on Friday, citing AI researchers. The Journal said OpenAI c... Sept 11 (Reuters)…...
JPMorgan cut off Situational Awareness lending after AI losses, FT reports
1+ day, 14+ hour ago (87+ words) Sept 11 (Reuters) - JPMorgan Chase cut off its lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets, the Financial Times reported on Friday. (Reporting by Utkarsh Shetti... JPMorgan cut off Situational Awareness lending…...
Zara owner Inditex looks to US for next phase of growth
2+ day, 5+ hour ago (567+ words) LONDON, Sept 11 (Reuters) – Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers....
Altman tells staff OpenAI is open to slowing AI development, Bloomberg News reports
2+ day, 9+ hour ago (253+ words) Sept 10 (Reuters) – OpenAI Chief Executive Sam Altman told employees at a company meeting this week that the firm was open to slowing development of its AI systems, Bloomberg News reported on Thursday, citing sources, amid growing concern about the safety…...
Tencent-backed Enflame surges 188% in Shanghai debut after $912 million IPO
2+ day, 10+ hour ago (135+ words) HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology opened 188% higher in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The stock opened at 410 yuan versus its…...