By Deepa Seetharaman and Echo Wang ABILENE, Texas/NEW YORK -At the White House this year, OpenAI outlined its lofty “Stargate” infrastructure project that would cost half a trillion dollars and be developed with partners including SoftBank and Oracle. Now, after some fits and starts, OpenAI executives say the joint venture is far more expansive than…
Markets fell after Fed Chairman Jerome Powell warned that stocks are “highly valued.” U.S. stocks dropped, with tech leading losses on skepticism over Nvidia’s $100 billion OpenAI deal. Europe and U.K. markets opened lower. U.S. Federal Reserve Chairman Jerome Powell gave a speech in Rhode Island yesterday and, afterwards, was asked whether the Fed was…
Hong Kong’s economic story has always unfolded in cycles of innovation. Finance made it a global hub. Real estate later became a backbone. Both engines now face structural limits. As global competition intensifies, the question is what Hong Kong’s new growth engine will be. The policy address offers a clear signal: artificial intelligence (AI) is…
They’ve got the money and the chips. Now they need the power. Nvidia announced Monday that it plans to invest $100 billion in OpenAI in a deal that would give the ChatGPT maker a major leg up in the AI race — access to 10 gigawatts worth of the high-powered GPUs it needs to satisfy…
DeepSeek has revealed details about the risks posed by its artificial intelligence models for the first time, noting that open-sourced models are particularly susceptible to being “jailbroken” by malicious actors. The Hangzhou-based start-up said it evaluated its models using industry benchmarks as well as its own tests in a peer-reviewed article published in the academic…
Tim Cook, CEO of Apple, turns around before President Donald Trump speaks during a dinner in the State Dinning Room of the White House, in Washington. At left is OpenAI CEO Sam Altman, and at right is Gerelym Gilbert-Soto. (AP/PTI) (AP09_05_2025_000016A) Apple CEO Tim Cook, OpenAI‘s Sam Altman, Nvidia’s Jensen Huang, and Microsoft CEO Satya…
Chinese AI DeepSeek model Chinese AI developer DeepSeek has revealed the cost of training its R1 model, a figure that is significantly lower than those reported by its US rivals. After launch, the DeepSeek R1 model stood out for its cost-efficient development and its open-source nature, offering unlimited free usage to a wide audience. Its…
The CEO of Nvidia, which faces tight restrictions on selling its chips to China amid the Sino-US battle over trade and technology, said he was disappointed about the situation. Jensen Huang said he expected to discuss the issue with US President Donald Trump at a state banquet hosted by the British government that they would…
The parents of teenagers who killed themselves after interactions with artificial intelligence chatbots are testifying to Congress on Tuesday about the dangers of the technology. Matthew Raine, the father of 16-year-old Adam Raine of California, and Megan Garcia, the mother of 14-year-old Sewell Setzer III of Florida, are set to speak to a Senate hearing…
Tencent Holdings Ltd. has recruited a prominent artificial intelligence researcher from OpenAI in one of the most high-profile defections from the US AI sector to China, according to people familiar with the matter. The Shenzhen-based gaming and messaging company hired Yao Shunyu to work on integrating AI into its services, according to people familiar with…