Tag: openai
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OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports
June 15 : OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday.Audited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and nearly $6 billion on sales and marketing, as well as
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China’s cheaper AI tokens a double-edged sword for Asian businesses
In the second of a two-part series on AI tokens, CNA explores how lower-cost Chinese models are emerging as an attractive option across businesses in Asia, even as experts warn that price is only one part of the equation.
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US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI
June 15 : A federal judge on Monday dismissed a lawsuit by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots.U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen
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OpenAI wins dismissal of trade secret lawsuit by Musk’s xAI
June 15 : A federal judge on Monday dismissed a lawsuit by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets.U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI engineer Xuechen Li to misappropr
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OpenAI under investigation by group of state attorneys general, source says
June 12 : A coalition of U.S. state attorneys general has opened a sweeping investigation into OpenAI, a source familiar with the matter said on Friday.The ChatGPT maker was served on Friday with a subpoena seeking documents related to a wide range of its activities and the impact on users, including advertis
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OpenAI under investigation by coalition of state attorneys general, WSJ reports
June 12 : A coalition of U.S. state attorneys general has opened an investigation into OpenAI, the Wall Street Journal reported on Friday, citing people familiar with the matter.The AI company was served on Friday with a sweeping subpoena seeking documents related to a wide range of its activities and the imp
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Commentary: As SpaceX, OpenAI and Anthropic plan blockbuster IPOs, will it make them more accountable?
Once publicly listed, the AI labs of SpaceX, Anthropic and Open AI would be subject to public market scrutiny for the first time, says an academic.
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Anthropic v. OpenAI: Behind the bitter battle for the future of AI
SAN FRANCISCO/NEW YORK, June 11 : If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.In late 2022, OpenAI caught wind that Anthropic was working on an AI-powered chatbot. OpenAI CEO Sam Altman immediately directed employees to fast-track a com
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China-linked accounts used ChatGPT to help create fake Facebook personas, avoid detection: OpenAI
The chatbot was also asked to assist in conceptualising an AI tool to monitor online opinion and collect “harmful” content from “key persons”, according to OpenAI’s latest threat report.
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OpenAI expects to go public ‘within the next year,’ the Information reports
June 10 : OpenAI CEO Sam Altman told staff in a message earlier this week that he expected the AI startup to go public “within the next year,” The Information reported on Wednesday.The ChatGPT maker said on Monday it had confidentially filed for a U.S. initial public offering recently, joining rival Anthropic
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