OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, making it one of the most valuable private companies in the world, along with the…
In two photographs taken for the fashion retailer H&M, the model Mathilda Gvarliani is seen posing in a white tank top and jeans. The images look like takes from the same shoot, but one of the photos shows the real Ms. Gvarliani, and the other is an artificially manipulated image of her. Published this week…
The chairman of the Federal Communications Commission said on Friday that he had opened an investigation into Disney’s diversity, equity and inclusion programs in the latest attempt under the Trump administration to halt such efforts. In a letter to Robert A. Iger, the chief executive of Disney, Brendan Carr, the chairman, said the company’s programs…
Elon Musk said on Friday that he had sold X, his social media company, to xAI, his artificial intelligence start-up, in an unusual arrangement that shows the financial maneuvering inside the business empire of the world’s richest man. The all-stock deal valued xAI at $80 billion and X at $33 billion, Mr. Musk said on…
Shares of CoreWeave, the first artificial intelligence start-up to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier. The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the…
Last year, Mark Zuckerberg, Meta’s chief executive, and Tom Alison, one of his top lieutenants, were discussing how they wanted to reshape Facebook for the future of social networking. Mr. Zuckerberg, who had grown Facebook from a dorm room project to a $1.5 trillion company that he renamed Meta, wanted to bring back some of…