For software companies hoping to profit from an anticipated $90 billion market for artificial intelligence, Microsoft-backed OpenAI is no longer the only option availble. More than a dozen startups and investors said they are incorporating rivals to industry leader OpenAI, casting doubt on expectations that Microsoft Corp. and OpenAI will dominate the young field. Their motivations…
According to chief executive Peter Foster, Kazakhstan’s flag carrier Air Astana is accelerating its growth ambitions to take advantage of a decline in air travel via Russia and the reopening of China. Since Russia invaded Ukraine last year, many international airlines suspended service to that country. Moscow no longer serves as a hub for flights…
After a report that the world’s largest online retailer, Amazon.com Inc, was interested in purchasing the theater chain, shares of AMC Entertainment Holdings Inc rose as high as 21% on Tuesday. According to people familiar with the conversations, Jeff Bezos, the creator of Amazon, has sent his investment advisors and senior entertainment executives to investigate…
According to reports quoting information from sources, Elon Musk’s brain implant startup Neuralink has approached one of the largest U.S. neurosurgery clinics as a potential clinical trials partner as it prepares to test its devices on humans if authorities allow it. Since 2016, Neuralink has been developing brain implants in the aim of someday creating a…
Nvidia Corp, the leading designer of computer semiconductor chips in the world and whose chips used in latest technologies such as artificial intelligence, unveiled new research demonstrating how AI can be used to better designing of semiconductor chips. To develop working chips, designers must decide where to place tens of billions of tiny on-off switches called transistors on a…
The auction held by Toshiba Corp was meant to spark a race for top-dollar offers among global private equity companies. Instead, it brought months of uncertainty and a single, reduced offer from the company’s Japanese business partners. The $15 billion deal, led by domestic buyout firm Japan Industrial Partners (JIP) and approved by Toshiba’s board…
According to calculations based on a leaked memo from the billionaire, Twitter is now worth less than half of what Elon Musk paid for it six months ago after losing more than $20 billion in value. In a note to the workforce of the social media company, Musk suggested that its current market worth is…
The Joe Biden White House is “very in favor” of a Senate bill that would allow the federal commerce department to outlaw technologies with connections to other countries, according to one of the bill’s authors. However, he did not specify whether the president’s administration had discussed possibly outlawing the Chinese-owned social media platform TikTok in…
According to Twitter, some of the source code that powers the social networking platform used by multi-billionaire Elon Musk has been posted online. It claims that the code was uploaded to the Microsoft-owned website GitHub, where programmers can exchange code. After receiving a takedown request from Twitter, it has now been taken down. Separately, Mr.…
In an effort to give First Republic Bank more time to strengthen its balance sheet, U.S. authorities are considering expanding an emergency lending facility that would provide banks with greater help, Bloomberg News reported on Saturday. According to the article, which cited sources with knowledge of the issue, all discussions are in the early stages,…
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