Tech

Amazon is reportedly in talks to invest $50B in OpenAI

OpenAI, a company already valued at $500 billion, has made it known that it’s on the hunt for another $100 billion in investment. Such a funding round could lead the company’s valuation to shoot up to a titanic $830 billion. The Wall Street Journal is now reporting that Amazon may …

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Guys, I don’t think Tim Cook knows how to monetize AI

Apple exceeded expectations when it reported its quarterly earnings on Thursday, revealing that it made $143.8 billion in revenue for a 16% year-over-year increase. As analysts peppered CEO Tim Cook with softball questions during Apple’s earnings call, one analyst dared to ask the question that seemingly no one in Silicon …

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The iPhone just had its best quarter ever

Apple had a great Q1, though iPhone sales were the real standout. The company reports that its signature device had its best quarter ever, thanks partially to a surge of sales in regions like China and India. “iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across …

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OpenAI’s Sora app is struggling after its stellar launch

After rapidly hitting the top of the App Store in October, OpenAI’s video-generation app Sora is now struggling. New data suggests the app is seeing declines in both app downloads and consumer spending, as the early hype about the AI video social network wears off. Powered by OpenAI’s video generation …

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Microsoft gained $7.6B from OpenAI last quarter

Microsoft and OpenAI may have a notoriously rocky relationship but as OpenAI experiences never-before-seen revenue growth, Microsoft, one of its major investors, is benefiting greatly. When the software giant reported its latest quarterly earnings on Wednesday, it dropped this rather large nugget in: Its net income increased by $7.6 billion …

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