OpenAI valued at $80 billion after deal, NYT reports
Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the report said. Under the deal, employees will be able […]
Nvidia pursues $30 billion custom chip opportunity with new unit
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, nine sources familiar with its plans told Reuters. The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and shield […]
Election expenses may exceed Rs49 billion
ISLAMABAD: The Election Commission of Pakistan (ECP) has estimated that its expenditure for the general elections 2024 will exceed Rs49 billion mainly because of more expenses to be incurred on providing foolproof security at the polling stations. The ECP will establish 92,500 polling stations across the country for the voting on February 8, 2024. These […]
Google to invest $1 billion in UK data centre
Google will invest $1 billion on building a data centre just outside of London, the US technology giant said on Thursday, in its latest investment in Britain as it meets growing demand for internet services in the region. The data centre, located on a 33-acre (13-hectare) site bought by Google in 2020, will be located in […]