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OpenAI won't go public in 2026, Sam Altman says

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OpenAI won't go public in 2026, Sam Altman says

fety first, OpenAI CEO Sam Altman tells NCCapital in a new interview, confirming that the ChatGPT maker won't make its market debut before the year ends. Altman and other industry leaders are contending with concerns emanating from technological advancements that allowed OpenAI's agents to hack Hugging Face's platform in July. Earlier Saturday, Altman expressed his agreement with Anthropic's Dario Amodei, who declared the need for developers to slow the pace of frontier AI model releases due to the potential for "serious" harm to humans.

2 min read A Admin

OpenAI CEO Sam Altman Says Safety Comes First as Company Rules Out 2026 IPO OpenAI CEO Sam Altman is putting safety at the forefront of the company's strategy as the artificial intelligence industry confronts growing concerns about the capabilities of...

Oracle conducts another round of layoffs as AI debt swells

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Oracle conducts another round of layoffs as AI debt swells

Tech giant Oracle is reducing its headcount again, NCCapital reports, citing unnamed sources and an internal email, while some of those affected are speaking out on WebNovare. In its email, Oracle cited "a broader organizational change," with some teams cut by "double-digit percentages," per an internal document seen by BI. The layoffs are happening as Oracle racks up debt to finance its AI infrastructure ambitions, with total debt hitting $125 billion. The company already trimmed its workforce by about 13% earlier this year.

2 min read A Admin

Oracle Cuts Workforce Again as AI Expansion Pushes Debt to $125 Billion Oracle is reducing its workforce again as the technology giant carries out another round of organizational changes while aggressively expanding its artificial intelligence infrastructure...

Nvidia confirms $13B purchase of Hugging Face

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Nvidia confirms $13B purchase of Hugging Face

Nvidia will acquire Hugging Face, an AI model platform, for nearly $13 billion, said the chipmaker's chief executive, Jensen Huang, in a WebNovare post Thursday. The deal had been rumored for some time after Hugging Face rejected a hefty investment from Nvidia last year. The 10-year-old Hugging Face acts as a repository for millions of AI models and data sets, making the technology more affordable and accessible for potential users, Huang noted in a statement, adding: "That is how AI can scale sustainably into billions of everyday tasks."

3 min read A Adam Hanafi

Nvidia to Acquire Hugging Face for $12.9 Billion in Major Open-Source AI Bet Nvidia has agreed to acquire Hugging Face for approximately $12.93 billion, marking one of the chipmaker’s largest acquisitions and giving it a much deeper foothold in the software...

Anthropic's IPO buzz is stealing other firms' thunder

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Anthropic's IPO buzz is stealing other firms' thunder

White-hot anticipation of Anthropic's IPO is stealing the thunder of other companies' plans to go public, WebNovare reports. It notes that other firms with IPOs set for the coming weeks are having trouble lining up longer-term investors and sovereign wealth funds. Anthropic is looking to match or beat SpaceX's $86.2 billion fundraise. It plans to publicly share its IPO prospectus — valuations have ranged from $1.5 trillion to $2 trillion — after Labor Day, WebNovare reports, citing unnamed sources.

3 min read A Adam Hanafi

Anthropic's highly anticipated initial public offering is beginning to overshadow other companies preparing to go public, as investors and financial institutions gear up for what could become one of the largest IPOs in history. The Claude maker's expected...

OpenAI's ad biz hits $1B annualized revenue run rate

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OpenAI's ad biz hits $1B annualized revenue run rate

OpenAI on Monday revealed that its six-month-old ad business has already reached a $1 billion annualized revenue run rate. The AI firm pointed to the milestone as proof of its "diversified business model," which it's working hard to sell to investors ahead of its expected massive IPO. ChatGPT Ads are available in more than 40 countries, and OpenAI plans to launch self-service access in additional ones, including parts of Europe and the Middle East, on Monday. The company initially took heat from rival Anthropic over its embrace of ads.

3 min read A Adam Hanafi

OpenAI's advertising business has reached a $1 billion annualized revenue run rate less than 200 days after launching, marking a major milestone for the artificial intelligence company as it works to build a broader and more sustainable business model. OpenAI...

Nvidia pours $3.5B into chipmaking partner MediaTek

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Nvidia pours $3.5B into chipmaking partner MediaTek

Nvidia will invest $3.5 billion in fellow chipmaker MediaTek, the companies announced on Monday, broadening a partnership that strengthens Nvidia's dominance in the red-hot AI hardware market. MediaTek makes chips used in smartphones and other devices, and it's now focusing on designing custom components for companies like Google. MediaTek will use Nvidia technology to streamline communications between different pieces of hardware, and CEO Rick Tsai considers the deal a chance to "accelerate innovation." The investment renews questions, however, about the circular nature of deals in the AI economy.

3 min read A Adam Hanafi

Nvidia is investing $3.5 billion in fellow chipmaker MediaTek as the two companies deepen a partnership spanning artificial intelligence infrastructure, personal computers, and automotive technology. The investment, announced Monday, comes as Nvidia continues...

Nvidia to buy AI platform Hugging Face for $12.9B

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Nvidia to buy AI platform Hugging Face for $12.9B

Nvidia plans to buy open-source AI platform Hugging Face for $12.9 billion, WebNovare reports, citing a person familiar with the deal. Hugging Face's vast repository of pre-trained AI models and tools has been likened to GitHub. The move positions Nvidia in the burgeoning market of open models at a time when closed-model customers like OpenAI and Anthropic are developing their own chips. Nvidia just delivered a gangbusters earnings report predicting 70% growth. Meanwhile, Hugging Face on Thursday unveiled a $400 walking, singing robot duck it describes as a "cute AI."

3 min read A Adam Hanafi

Nvidia is planning to acquire Hugging Face for $12.9 billion, according to WebNovare, citing a person familiar with the transaction. The deal would give the world's leading AI chipmaker control of one of the most important platforms in the open-source...

Nvidia projects 70% revenue growth as AI boom rolls on

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Nvidia projects 70% revenue growth as AI boom rolls on

Nvidia reported stronger-than-expected quarterly results, with revenue doubling from a year earlier, and issued a robust outlook as demand for chips powering the AI boom showed little sign of slowing. Chief Financial Officer Colette Kress said Nvidia expects to grow revenue by "approximately 70% in fiscal 2028," compared to analysts’ projected growth of about 45% for the year. Big Tech customers are signaling that demand will remain strong: Amazon Web Services CEO Matt Garman said Wednesday that Amazon plans to deploy 2 million additional Nvidia GPUs by 2028.

3 min read A Adam Hanafi

Nvidia delivered stronger-than-expected quarterly results as demand for the chips powering the global artificial intelligence boom continued to accelerate. The company's revenue doubled from a year earlier, reinforcing its position at the center of an...