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Key Points OpenAI on Monday announced it had closed its $40 billion funding round, the most ever raised by a private tech company. The deal values OpenAI at $300 billion, including the new capital. The round includes $30 billion from SoftBank and $10 billion from a syndicate of investors. OpenAI on Monday announced it had […]

lon Musk said on Friday that he’s combining two of his companies, xAI and X, into a single entity. In a post on X, Musk said xAI is the acquirer, valued at $80 billion in the deal, while X is valued at over $30 billion. Musk acquired Twitter for $44 billion in 2022, and later changed

Investor excitement surrounding the robots has been mounting amid increased mentions from tech leaders like Nvidia’s Jensen Huang and ambitious plans from Tesla’s Elon Musk. However, analysts warn that U.S. firms could lose out to China, which aims to replicate its success with electric vehicles in the nascent robotics space. American tech companies are racing

The rapid pace of AI innovation isn’t limited to the largest firms with $10 billion-plus valuations, such as OpenAI, Anthropic and Scale AI. The recent release of DeepSeek AI’s chatbot showed that not all AI breakthroughs are coming from the largest or most well-funded firms. Beyond DeepSeek, there are a number of smaller companies reporting technological breakthroughs

(Bloomberg) — The first data center complex for OpenAI’s $100 billion Stargate infrastructure venture will have space for as many as 400,000 of Nvidia Corp.’s powerful AI chips — an amount that, if filled, would make it one of the largest known clusters of artificial intelligence computing power. The construction for the site, in the

Key Takeaways Private market returns surged in February, driven by big gains from companies like Figure AI, while the public market languished. The private market’s more methodical trading apparatus proved to be an advantage amidst public market volatility that stemmed from reactions to breaking news, such as tariffs. The IPO market, although not fully unlocked

Key Points “We are watching what’s going to happen in the next month, next weeks,” said Ferrari CEO Benedetto Vigna at CONVERGE LIVE. “We are on the same boat in terms of tariffs.” European automakers have been grappling with trade policy uncertainty in recent months, with the threat of U.S. import tariffs raising alarm bells

The future of artificial intelligence is a major topic of conversation among global tech and business leaders at CNBC’s CONVERGE LIVE in Singapore. Numerous executives talked up the potential of AI and discussed how it’s expected to impact the future of work and productivity. Here’s a compilation of quotes from some of the top corporate leaders attending

OpenAI’s head of international strategy has said the artificial intelligence giant is seeing “tremendous demand in the market across all segments.” “It’s a rollercoaster. We’re just trying to keep up with the demand,” Oliver Jay, managing director of international strategy at OpenAI, said at CNBC’s CONVERGE LIVE in Singapore Thursday. “Consumers, businesses, educators, developers and

Why Invest Tax-Free? 10 Strategies to Grow Wealth Legally and Efficiently Taxes can erode your investment returns over time, but savvy investors know how to leverage tax-free strategies to maximize growth and keep more of their hard-earned money. Whether you’re saving for retirement, education, or long-term wealth, understanding tax-free investing is key to building a