Cathie Wood is the founder of Ark Investment Management, which operates several tech-focused exchange-traded funds. Wood ...

OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization ...

OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...

OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to ...

Following the reorganization, the for-profit division would be responsible for overseeing OpenAI’s “operations and business,” ...

Much more than computing dominance is at stake; the struggle for AI primacy between the United States, China, middle powers, ...

Last year, the firm also raised $1.1 billion for two new private investment vehicles: D.E. Shaw Voltaic Fund and D.E. Shaw ...

Elon Musk’s net worth rose $239 billion this year to $468 billion. That increase is due mainly to his ownership of three ...

AI finished raising $6 billion in new funding and has begun receiving Nvidia GB200 chips. The chips are arriving about a ...

Broadcom has reached a historic milestone, surpassing a US$1 trillion market valuation amid the rapid growth of the ...

Elon Musk has a lot going on as 2024 winds to a close. The CEO of both Tesla (TSLA) and SpaceX is finishing a busy year that ...

In a series C investment round, Elon Musk's artificial intelligence venture xAI raised $6 billion. This adds to the $6 ...