Fidelity has boosted its valuation of the two Musk startups for the third month in a row, according to recent filings.

Once friends and business partners, now rivals, Elon Musk and Sam Altman are dueling it out in a California Federal courtroom ...

From a valuation perspective, AMD is a modestly cheaper stock, trading at a forward price-to-earnings (P/E) ratio of 24 compared to nearly 31 for Nvidia. However, Nvidia has been growing its total ...

By investing in ventures like xAI, Gulf countries are asserting their ambition to drive innovation that delivers both ...

Elon Musk’s recently topped $450 billion ... a major rival to OpenAI in the race to control the future of artificial ...

The move is not unexpected. Reports that OpenAI plans to spin off its for-profit arm have been swirling since August. The ...

KHC invests in xAI's Series C funding, valuing the AI firm at USD 45 billion, a USD 20 billion rise from its Series B funding ...

The year 2024 saw major AI innovations, including OpenAI’s Sora Turbo for video creation, Google’s upgraded Veo 2 and Imagen 3, and Microsoft’s autonomous agents in Copilot. xAI’s Grok-2 models ...

OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public ...

The biggest thing holding America back from dominance in artificial intelligence is the country’s inability to keep up with ...

The restructuring isn’t without opposition. Last month, Elon Musk filed a motion to block OpenAI’s shift to for-profit status ...

OpenAI has proposed a new for-profit structure by saying it would create a public benefit corporation to raise funds more ...