Altman and Musk launched OpenAI as a nonprofit 10 years ago. Now they’re rivals in a trillion-dollar market
As OpenAI turns 10, the former nonprofit AI lab is at the center of a roughly $1.4 trillion bet on AI infrastructure.
Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call
Investors were apparently not satisfied with Broadcom CEO Hock Tan’s answer to an important question.
CNBC Daily Open: U.S. stocks hit records despite AI-led tech slide
Even though the AI theme seems to be under scrutiny, other sectors are performing well on the back of a resilient U.S. economy and buoyed by interest-rate cut.
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Trump Signs Executive Order That Threatens to Punish States for Passing AI Laws
The order creates an Justice Department task force to challenge state AI laws, and directs the Commerce Department to pull future broadband funding from states that pass “onerous” legislation.
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Oracle’s lease commitments jump by almost 150% as company builds out to meet AI demand
Oracle’s lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
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Broadcom reveals its mystery $10 billion customer is Anthropic
Broadcom CEO Hock Tan said Anthropic placed an additional $11 billion order in the fourth quarter.
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Trump signs executive order for single national AI regulation framework, limiting power of states
President Trump’s executive order, which limits the power of states in regulating AI, is a win for big tech companies that have lobbied for a federal standard.
Crypto Magnate Do Kwon Sentenced to 15 Years in Prison
The founder of Terraform Labs was sentenced today for lying about ‘experimental’ coins that blew a $40 billion hole in the crypto economy.
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Palantir sues former employees, says Percepta AI CEO set out to ‘pillage’ top developers
Palantir accused three former employees of violating non-solicitation agreements, and said they’re competing with the company by hiring top developers.
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Trump ‘sells out’ U.S. national security with Nvidia chip sales to China, Sen. Warren says
Warren called for Nvidia CEO Jensen Huang to testify before Congress about the agreement, along with Commerce Secretary Howard Lutnick.