OpenAI is holding informal discussions with Wall Street banks about a potential initial public offering, positioning itself in a race against rival Anthropic to become the first major generative AI company to tap public markets. The ChatGPT maker has expanded its finance team with key hires including chief accounting officer Ajmere Dale and corporate business …
Apple has acquired Q.ai, an Israeli artificial intelligence startup specializing in audio technology and facial analysis. The deal values the company at between $1.5 billion and $2 billion, making it Apple’s second-largest acquisition after the $3 billion Beats purchase in 2014. Q.ai was founded in 2022 by Aviad Maizels, Yonatan Wexler, and Avi Barliya in …
Nvidia has entered into a licensing agreement with AI chip startup Groq, acquiring rights to the company’s inference technology. According to investor Alex Davis, whose firm Disruptive led Groq’s recent funding round, the deal is valued at approximately $20 billion in cash, making it Nvidia’s largest acquisition to date. The agreement includes the transfer of …
OpenAI has significantly improved the profit margins on its paid products this year, even as the company struggles to turn an overall profit. The ChatGPT creator now retains 70 percent of revenue after covering the computing costs for paying customers, according to a report in The Information. Mark Bergen reports for Bloomberg that OpenAI’s “compute …
OpenAI aims to raise up to 100 billion dollars in a new funding round that could value the startup at 830 billion dollars. Kate Clark and Berber Jin report for The Wall Street Journal that the company needs this capital to fund its expansion. This fundraising effort comes at a time when the initial public …
The banking giant HSBC has signed a deal with the French artificial intelligence company Mistral. The partnership will give HSBC access to Mistral’s generative AI models. Ortenca Aliaj reports for the Financial Times that the collaboration reflects a broader trend of traditional lenders adopting new technologies to boost productivity and lower costs. HSBC and Mistral …
The AI music platform Suno has raised $250 million in a new funding round, bringing its valuation to $2.45 billion. Kristin Robinson reports for Billboard, citing an investor pitch deck that outlines the company’s rapid growth and future plans. Suno claims its users create a volume of music equivalent to Spotify’s entire catalog every two …
Financial documents from artificial intelligence startups Anthropic and OpenAI reveal two vastly different business strategies. Berber Jin reports for The Wall Street Journal that Anthropic is on a path to become profitable much faster than its larger rival by taking a more cautious approach to growth. The documents, which were shared with investors, show that …
OpenAI generated $4.3 billion in revenue during the first half of 2025 but posted a net loss of $13.5 billion, according to financial disclosures to shareholders reported by TechInAsia based on coverage by The Information. More than half of the loss stems from the remeasurement of convertible interest rights. Research and development costs dominated expenses …
OpenAI has entered into agreements valued at approximately $1 trillion to secure the computing power required for its artificial intelligence models. These commitments far exceed the company’s current revenue, as Tabby Kinder and George Hammond report for the Financial Times. The deals involve major technology companies such as Nvidia, AMD, Oracle, and CoreWeave. Over the …