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OpenAI Achieves Massive 10 Gigawatt Computing Goal Years Ahead of Schedule

Key Points: OpenAI successfully secured 10 gigawatts of artificial intelligence computing capacity in the United States. The company reached this massive energy goal several years before its original 2029 deadline. The $500 billion Stargate infrastructure project added more than 3 gigawatts of power in just 90 days. Despite this success, a recent report shows OpenAI missed its goal of reaching 1 billion weekly users. OpenAI...

SoftBank Plans $100 Billion US Listing for New AI Company Roze

Key Points: SoftBank Group plans to create and list a new artificial intelligence and robotics company, Roze, in the United States. Executives aim to launch the public offering this year and hit a massive $100 billion stock market valuation. Chief Executive Masayoshi Son plans to use the money to cover heavy financial pledges made to ChatGPT creator OpenAI. The new business will focus heavily on...

Tech Giants Increase Artificial Intelligence Spending to $725 Billion

Key Points: The biggest technology companies raised their estimates for total artificial intelligence spending to $725 billion this year. Meta increased its spending budget to a maximum of $145 billion, causing its stock to fall 6%. Alphabet plans to spend up to $190 billion and saw its stock jump 7% after reporting strong cloud growth. Technology leaders believe the biggest risk right now involves spending...