OpenAI chief executive Sam Altman urged world leaders at the G7 summit on Wednesday not to surrender control over artificial intelligence to the companies building it. He called on governments to set global standards for deploying the rapidly advancing technology. “Do not cede your responsibilities to AI labs like mine,” Altman told leaders and tech...
Tag: AI
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SoftBank Pledges €75 Billion For France AI Infrastructure
Japanese technology investor SoftBank will invest 75 billion euros ($87.5 billion) in artificial intelligence infrastructure in France. SoftBank founder Masayoshi Son revealed what is one of Europe’s largest AI-related investment commitments. Speaking to French weekly La Tribune Dimanche ahead of an investment conference hosted by President Emmanuel Macron, Son said the package would represent the...
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Chip Startup Cerebras Hits $80 Bn In Value In Stock Debut
Cerebras Systems shares opened at $350 on Thursday, nearly 89% above their initial public offering price, valuing the artificial intelligence chipmaker at about $100 billion in a blockbuster market debut. The company priced its IPO at $185 per share on Wednesday, selling 30 million Class A shares to raise $5.55 billion. The offering was initially...