Friday, July 18, 2025

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July 13, 2025 5:32 PM

SpaceX to invest $2 billion in Musk’s xAI startup, WSJ reports

SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported ...

May 6, 2025 1:24 PM

OpenAI dials back conversion plan, nonprofit to retain control

OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman's power over the pioneering maker of ChatGPT.   The announcement follows a storm of criticism and...

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...

 

Last updated on: 18th Jul 2025