Author: IQ TIMES MEDIA
OpenAI and Anthropic have spent years racing for talent, money, and the most powerful AI models. Now they’re racing for Wall Street.Anthropic’s confidential IPO filing has turned the rivalry between the two frontier labs into a new contest: which AI giant will hit the public markets first. Going first could mean a cleaner shot at investor demand, employee liquidity, and the chance to define how Wall Street values the AI boom. But it also means taking the first hit from public scrutiny and giving OpenAI a chance to study the market’s reaction before making its own move.Last month, Business Insider…
NAIROBI, Kenya (AP) — Nine students accused of planning and executing an arson attack that killed 16 girls at a school in central Kenya appeared in court Tuesday. Investigators asked for more time to probe the deadly fire. The High Court in the town of Naivasha, 90 kilometers (55 miles) west of the capital, Nairobi, said it will issue a ruling on Wednesday on whether the girls could be detained for a month pending investigations.The fire on May 28 ripped through the Utumishi Girls School dormitory that houses 202 students. The school matron failed to open an emergency door, forcing…
Sam Altman is addressing one of investors’ biggest concerns about AI.During a CNBC interview on Monday, the OpenAI CEO said questions about whether massive AI spending will ultimately pay off are legitimate, as companies continue pouring billions into infrastructure, chips, and software.”So I think this is the most fair criticism right now of AI,” Altman said. “You hear companies saying, I am spending a ton of money on AI. And I know some great stuff is happening, but I know there’s a ton of waste.”He went on to summarize concerns he hears from businesses.”How long do I have to wait…
Among AI’s big dogs, doomerism is so out, and boomerism has boomeranged back.Last year, Sam Altman warned that AI would make whole categories of jobs disappear. Anthropic CEO Dario Amodei said half of white collar entry-level jobs could vanish in five years. Palantir CEO Alex Karp has gone so far to say that the only people sure to have a place in the AI era will work in trades or be neurodivergent. Even famed workaholic Elon Musk envisions a world where AI strikes desk jobs “like lightning.”That apocalyptic messaging captivated public attention. It became part of the rationale for near-trillion…
Tilt, a live shopping auction app that says it uses AI to make selling online faster and easier, has raised $26 million in funding.The London-based startup, founded in 2021 by ex-Revolut employees Abhi Thanendran and Neil Shah, has raised $50 million to date.Buyers select a category on the app — such as womenswear or trading cards — and scroll through livestream auctions much like TikTok videos. Sellers go live to showcase their products, while viewers bid and buy in real time — a format often described as QVC for the social media generation.Tilt says it uses AI in nearly every…
Silicon Valley spent the last few years teaching AI to talk. Now it wants to give AI a body to lift, sort, build, and eventually live alongside us.This weekend offered a glimpse of how quickly the biggest AI players are moving in on humanoid robotics. At Nvidia GTC Taipei, the company announced a standard humanoid robot blueprint for academic researchers, expected to be available in late 2026.On Sunday, Sam Altman declared robotics the company’s next frontier and made a callout for talent.”In the short term, we are focused on robots to support skilled workers to build our future infrastructure; in…
Google parent company Alphabet said Monday that it plans to raise $80 billion to help pay for the massive AI infrastructure buildout it has planned. Alphabet will sell off that amount in stock and will then use the funds to pay for “general corporate purposes, including capital expenditures to scale AI infrastructure and global compute,” the company said in a statement. Part of the plan involves selling $10 billion in stock to Berkshire Hathaway, the massive global holding company formerly led by Warren Buffett. “The company is experiencing strong demand for its AI solutions and services from enterprises and consumers,…
Sam Altman is challenging the idea that AI adoption is translating neatly into job cuts.He made the argument during a Monday interview on CNBC before celebrating the official groundbreaking for a massive, 1 gigawatt data center 50 miles southwest of Detroit.”The companies that I know that have adopted AI the most are also the ones hiring the most,” he said. “And the companies, as a general rule, that are talking about doing layoffs because of AI are the ones adopting AI the least.”He added that AI can be a “convenient way” for companies to explain layoffs.Altman said he remains unsure…
Nvidia opened Taipei’s enormous Computex trade show on Sunday with a spark, literally. The chipmaker unveiled a new PC CPU called the RTX Spark, which it dubbed a “superchip,” and named a who’s who list of PC makers that will soon deliver AI PCs powered by it. The super-fast, 1-petaflop chip is designed to run AI agents like OpenClaw or Hermes Agent securely, according to Nvidia. Such RTX Spark Windows PCs will be available this fall from ASUS, Dell, HP, Lenovo, Microsoft Surface and MSI, with models from Acer and Gigabyte to follow. In addition to being equipped with secure…
OpenAI CEO Sam Altman says the AI industry’s fiercest rivalry isn’t about who reaches Wall Street first.Hours after rival AI startup Anthropic revealed it had confidentially filed paperwork for an initial public offering, Altman downplayed the idea that the sector’s biggest players are in competition over their anticipated IPOs.”I think there is a race to deliver the best technology, build the best business, but you know, going public is a financing event, and I don’t think that’s one that we’re focused on the timing of,” Altman told journalist David Faber during CNBC’s “Power Lunch” show on Monday.A confidential filing usually…