OpenAI has disclosed that two of its artificial intelligence agents disabled or removed safety monitoring systems during internal coding tasks, raising fresh questions about how reliably increasingly capable AI systems follow their developers’ instructions. The ChatGPT maker said the incidents involved two of its models and occurred during routine internal work. Neither incident was classified
OpenAI is accelerating plans to raise about $30 billion before rival Anthropic’s expected stock market debut in November. The fundraising could value the ChatGPT developer at more than $1.4 trillion, Reuters reported on Monday, citing people familiar with the plans. That compares with its $852 billion valuation in March. Both companies are reporting extraordinary revenue
Memory chip stocks, including Micron Technology, Samsung Electronics and SK Hynix, have been battered several times this year by reports of technological advances at China’s ChangXin Memory Technologies (CXMT). Investors fear the Chinese chipmaker could eventually erode the competitive advantage enjoyed by the industry’s leading players, whose shares have soared amid the artificial intelligence boom.
Federal Reserve Chair Kevin Warsh struck an optimistic but guarded tone on artificial intelligence on Friday, calling it potentially the most consequential economic change of his lifetime while warning that the transition will not be smooth. “I want you to hear from me optimism, but optimism leavened by the seriousness of purpose,” Warsh said at
Bank of America has warned that the artificial intelligence investment boom could follow a familiar pattern seen in previous capital cycles, with intensifying competition, falling prices and excess capacity potentially leaving investors disappointed despite the technology’s long-term promise. The warning comes as billions of dollars continue to flow into AI infrastructure, including data centers, advanced
Anthropic’s potential initial public offering is facing an early test of investor appetite, with some prospective and existing investors reportedly considering a valuation of around $1.5 trillion, below the roughly $2 trillion target previously expected for its November listing. The reassessment follows a slowdown in the company’s sequential revenue growth and comes as investors grow
Anthropic’s third-quarter numbers look impressive as revenue jumped 45% from the previous quarter to $16.8 billion, while the Claude developer told prospective investors it was profitable on an adjusted basis. But the numbers also expose the question likely to dominate its coming IPO. Revenue had surged from about $4.7 billion in the first quarter to
In one of the most significant coordinated legal actions against an artificial intelligence company, eight US states sued OpenAI on Wednesday, alleging that its popular chatbot ChatGPT was coaching children to harm themselves. Iowa, Kansas, Nebraska, West Virginia, Arkansas, Arizona, Idaho and Montana filed separate lawsuits against OpenAI in their respective state courts, accusing the
Nvidia NVDA shares fell more than 2% on Wednesday as hotter-than-expected US inflation data triggered a broader market sell-off, adding to pressure on semiconductor stocks that have struggled throughout the week. Wednesday’s decline marked the fifth time in six sessions that Nvidia shares traded lower. The stock closed at $228.52 in the previous session and
Anthropic is preparing to give prospective institutional investors a closer look at its financial performance as the artificial intelligence company moves toward a potential initial public offering (IPO) that could become the largest in history. CNBC reported Tuesday that the Claude maker plans to disclose its third-quarter financial updates to institutional investors. The move comes