Cerebras files for IPO

Cerebras files for IPO

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the … Read more

OpenAI sees $5 billion loss this year on $3.7 billion in revenue

OpenAI sees  billion loss this year on .7 billion in revenue

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed. The company generated $300 million in revenue last month, … Read more

More all-time highs? Yes please

More all-time highs? Yes please

Traders work on the floor of the NYSE.  NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today All-time high, … Read more

A high of all-time highs

A high of all-time highs

Traders work on the floor of the NYSE.  NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today All-time high, … Read more

OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’

OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’

At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Altman and finance chief Sarah Friar both said at the meeting, conducted by video, that … Read more

Sam Altman-backed nuclear startup Oklo to start Idaho microreactor site work

Sam Altman-backed nuclear startup Oklo to start Idaho microreactor site work

Rendering of a proposed Oklo commercial advanced fission power plant in the U.S. Courtesy: Oklo Inc. Nuclear startup Oklo is moving closer to initial construction of its first commercial microreactor, CEO Jacob DeWitte told CNBC in an interview. Oklo has received the greenlight from the Department of Energy to conduct site investigations for the planned … Read more

OpenAI CTO Mira Murati announces she’s leaving the company

OpenAI CTO Mira Murati announces she’s leaving the company

Mira Murati, chief technology officer of OpenAI, during an interview on “The Circuit with Emily Chang” in San Francisco on April 4, 2023. Philip Pacheco | Bloomberg | Getty Images OpenAI Chief Technology Officer Mira Murati said Wednesday that she is leaving the company after six and a half years. “After much reflection, I have … Read more

OpenAI announces new independent board oversight committee for safety

OpenAI announces new independent board oversight committee for safety

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI on Monday said its Safety and Security Committee, which the company introduced in May as it dealt with controversy over security processes, will become an independent board … Read more

With Apple on board, OpenAI’s next act could be its toughest yet

With Apple on board, OpenAI’s next act could be its toughest yet

OpenAI stormed onto the scene with ChatGPT and upended the tech world in less than two years. But over the next few months, the artificial intelligence darling will face some of its biggest tests yet. A highly anticipated partnership with Apple will supercharge its reach, putting it in front of millions of users who may … Read more

Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation

Tiger Global plans to join OpenAI’s funding round at more than 0 billion valuation

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images Tiger Global is planning to join OpenAI’s buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to … Read more