Wednesday, February 26, 2025

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February 15, 2025 11:11 AM

OpenAI rejects Elon Musk’s $97.4 billion offer

OpenAI, led by Sam Altman, has rejected billionaire Elon Musk’s $97.4 billion offer to acquire the nonprofit company.   In a statement on the social media platform X, OpenAI Board Chair Bret Taylor described Musk’s bid as “an attempt to disr...

February 11, 2025 10:37 AM

Musk-led group makes $97.4 billion bid for control of OpenAI

A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm. Musk'...

January 29, 2025 2:17 PM

Alibaba releases AI model it claims surpasses DeepSeek-V3

Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly-acclaimed DeepSeek-V3. The unusual timing of the Qwen 2.5-Max's release, on the first day of the Luna...

January 29, 2025 4:17 PM

Why DeepSeek’s Rise Is a Black Swan Moment for the AI Industry?

DeepSeek, a groundbreaking AI startup based in Hangzhou, China, has captured global attention with the launch of its revolutionary language model, DeepSeek-R1. Released on January 20, this cutting-edge model competes with industry leaders like OpenAI...

January 27, 2025 4:10 PM

Tech drags global shares lower on China’s AI push; dollar dips

European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT. Meanwhile, the dollar dipped as broad U.S. import t...

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Last updated on: 25th February 2025