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News
One year after a bipolar episode put him in the hospital, Bonobos cofounder Andy Dunn sold his company to Walmart for $310 million
22+ hour, 41+ min ago (447+ words) Over the course of his two-decade career, entrepreneur Andy Dunn has launched several businesses and invested in dozens more. One of his biggest moves to date was selling his menswear brand Bonobos to Walmart in 2017 for a whopping $310 million. But…...
OpenAI's Altman won't do IPO this year, calls AI extinction risk 'unacceptable"
1+ day, 3+ hour ago (518+ words) LOS ANGELES, Sept 12 (Reuters) - OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published on Saturday, citing safety concerns over artificial intelligence that render "unacceptable" even a 10% risk that AI could cause human extinction by decade's…...
Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports
3+ day, 8+ hour ago (114+ words) Yahoo! Finance Canada Oops, something went wrong Canada markets open in 8h 19m Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports Sept 10 (Reuters) - The Pentagon is in talks to lend roughly $5 billion to AI cloud-computing startup Fluidstack…...
OpenAI Debuts Financial Tool Tailored to Investment Bankers
3+ day, 13+ hour ago (298+ words) (Bloomberg) -- OpenAI is releasing ChatGPT for Financial Services, a new tool tailored to investment bankers and equity researchers that is its latest attempt to compete with rival Anthropic PBC to expand AI adoption among businesses. Apple to Unveil $2,000 Foldable iPhone…...
OpenAI and SpaceX Deals Send Cloudflare Stock Flying
3+ day, 18+ hour ago (295+ words) Cloudflare (NYSE:NET) shares surged more than 10% to about $313 Wednesday as investors embraced new partnerships linking the cybersecurity company with OpenAI and SpaceX (NASDAQ:SPCX). The rally reflects expectations that Cloudflare's (NYSE:NET) global network could become valuable as AI…...
Nvidia plans major expansion of data centre capacity in Australia to meet AI demand
4+ day, 3+ hour ago (205+ words) SYDNEY, Sept 10 (Reuters) - Nvidia said on Thursday it was planning an expansion of data centre computing capacity in Australia that would more than double the nation's current load through partnerships with local firms. The chip company said it was working…...
US DOJ probes Nvidia's licensing deal with AI startup Groq, NYT reports
4+ day, 5+ hour ago (91+ words) Yahoo! Finance Canada Oops, something went wrong US DOJ probes Nvidia's licensing deal with AI startup Groq, NYT reports Sept 9 (Reuters) - The U.S. Justice Department is investigating whether Nvidia tried to skirt antitrust scrutiny of the chipmaker's licensing deal last year…...
OpenAI pushes for mandatory national AI safety requirements
4+ day, 6+ hour ago (110+ words) Yahoo! Finance Canada Oops, something went wrong OpenAI pushes for mandatory national AI safety requirements Sept 9 (Reuters) - OpenAI said Wednesday it is pushing for mandatory national AI safety requirements, adding that until the U.S. Congress acts, the ChatGPT maker will…...
Anthropic reports fourth cybersecurity incident with early version of Claude
4+ day, 10+ hour ago (150+ words) Sept 9 (Reuters) - Anthropic said on Wednesday it had identified a fourth cybersecurity incident involving an early version of its Claude AI model. The company said in a blog post the incident occurred in January and involved an early version of…...
What comes next for ETF investors staked in the AI trade in Q3?
4+ day, 15+ hour ago (78+ words) Yahoo! Finance Canada Oops, something went wrong What comes next for ETF investors staked in the AI trade in Q3? In Yahoo Finance's latest ETF Report, BlackRock head of iShares investment strategy for the Americas, Kristy Akullian, discusses what may come…...