Elon Musk and Sam Altman were among the 11-person team that founded OpenAI in 2015. Photo: Frederic J. BROWN, Jung Yeon-je / AFP/FileSource: AFP The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla tycoon bidding to buy Altman’s OpenAI in an apparent attempt to derail the ChatGPT maker’s ascent to becoming one of the world’s most important companies. What sparked the rivalry? Musk and Altman were among the 11-person team that founded OpenAI in 2015. Created as a counterweight to Google’s dominance in artificial intelligence, the project got its initial funding from Musk, who invested $45 million to get it started. Three years later, Musk departed OpenAI. The company initially cited “a potential future conflict for Elon…as Tesla
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For the full year 2024, Amazon’s net income jumped to $59.2 billion from $30.4 billion in 2023. Photo: Julio Cesar AGUILAR / AFP/FileSource: AFP E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs. The mounting expenses of data-intensive artificial intelligence and its infrastructure have cast a shadow over this earnings season, with only Facebook owner Meta winning Wall Street’s approval. Meta’s stock surged 18 percent in January as investors endorsed its AI strategy. Amazon’s AWS cloud division, along with rivals Microsoft and Google, are investing heavily in AI data centers while meaningful returns remain uncertain. Amazon CEO Andy Jassy defended the spending, saying the company was on track to spend $100
Jan
Intel co-chief executive Michelle Johnston Holthaus says the rise of DeepSeek chatbot could signal opportunity to be a disruptive player in the market for chips that power artficial intelligence. Photo: Pau BARRENA / AFPSource: AFP Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution. The company posted a net loss of $126 million for the quarter ending December 28, compared to a profit of $2.67 billion in the same period last year. Revenue declined seven percent to $14.3 billion, which was slightly better than expected by analysts. The company’s share price rose two percent in after-hours trading following the earnings release. “While Intel’s revenue decline remains concerning, the overall results
Jan
The social media app TikTok was unavailable on app stores in the United States early Sunday morning, as a U.S. ban was expected to take effect. “TikTok and ByteDance Ltd. apps are no longer available in the United States, and visitors to the United States might have limited access to features,” Apple said in a support update. Results for the app were also unavailable on the Samsung Galaxy Store and Google Play Store, where users were given a message saying, “Downloads of this app are paused due to current US legal requirements.” The platform had become unavailable for some users Saturday evening, just ahead of a U.S. ban, with a popup message saying, “Sorry, TikTok isn’t available right now.” “A law banning TikTok has been enacted in the U.S. Unfortunately
Jun
SpaceX has revealed that its upcoming Starlink Mini dish will feature a built-in Wi-Fi router, eliminating the need for an external one. This information was found in an official spec sheet and setup guide on Starlink.com. The Mini dish, set to roll out in a few months according to CEO Elon Musk, offers consumers a […]