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Sanctions possible if China stole US AI tech
WASHINGTON: Treasury Secretary Scott Bessent said Tuesday the Trump administration will investigate whether Chinese artificial intelligence models were built using technology stolen from American companies, warning that sanctions could follow if evidence of intellectual property theft is found. The comments come as Chinese open-weight models gain ground against leading U.S. offerings from OpenAI and…
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Wolters Kluwer expands OpenAI deal to build ‘Expert AI’ for doctors, lawyers, accountants
NEW YORK: Wolters Kluwer, a Dutch information services giant, announced an expanded enterprise collaboration with OpenAI on Wednesday, aiming to embed the AI company’s latest models into software used by professionals in health care, law and accounting. The multiyear agreement gives Wolters Kluwer access to OpenAI’s newest application programming interfaces and platform capabilities, which the company will deploy through its…
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Code generation tools startup, Cursor raises $2.3 billion at $29.3 billion valuation
NEW YORK: Artificial intelligence startup Cursor said on Thursday it has raised $2.3 billion in a funding round that values the company at $29.3 billion, a near-tripling of its valuation since June, as investor appetite for AI coding tools remains strong. The funding round included major technology investors such as Accel, Thrive Capital, Andreessen…
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SoftBank to acquire ABB’s robotics division for $5.4 billion
SoftBank Group Corp. said Monday it has agreed to acquire the robotics division of Swiss engineering giant ABB Ltd. for $5.4 billion, marking a major step in the Japanese conglomerate’s effort to expand its footprint in artificial intelligence. The deal, which remains subject to global regulatory approvals, will halt ABB’s previously announced plan to…
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AMD to supply AI chips to OpenAI in deal worth tens of billions
SANTA CLARA: Advanced Micro Devices Inc. will supply artificial intelligence chips to OpenAI in a multi-year agreement that the chipmaker said Monday is expected to generate tens of billions of dollars in annual revenue. The deal, which includes an option for OpenAI to buy a significant stake in AMD, sent the company’s shares surging…
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Cognition raises $400 million, joins $10 billion AI startup club after Windsurf acquisition
Artificial intelligence startup Cognition said on Monday it had raised $400 million in a funding round led by Peter Thiel’s funded Founders Fund, valuing the company at $10.2 billion, including the fresh capital. The San Francisco-based firm, known for its AI software engineer Devin, gained prominence in July after acquiring Windsurf, a rival startup…
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Thinking Machines Lab, AI startup founded by Mira Murati, raises $2 billion
Thinking Machines Lab, the artificial intelligence startup launched by former OpenAI executive Mira Murati, has secured $2 billion in funding as it gears up to debut its first product within months. Murati, who briefly served as interim CEO of OpenAI during a tumultuous leadership shakeup in 2023, founded Thinking Machines in February after stepping…
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OpenAI, Oracle, and SoftBank, will invest $500 billion for artificial intelligence infrastructure in United States
Stargate, a joint venture led by OpenAI, Oracle, and SoftBank, will invest $500 billion for artificial intelligence infrastructure in United States. President Donald Trump announced the three companies plan to build 20 massive datacenters and create 100,000 jobs in the U.S. This follows a March 2024 report detailing a $100 billion data center project…
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FTC to probe AI giants over cloud partnerships
The Federal Trade Commission (FTC) has announced a sweeping investigation into the artificial intelligence (AI) industry, focusing on the ties between major cloud service providers and AI developers. The FTC will use its 6(b) authority to order companies like Amazon, Alphabet, Microsoft, Anthropic and OpenAI to submit reports and answer questions about their investments…
