OpenAI is reportedly raising up to $30 billion in a private round at a $1.25 trillion pre-money valuation, led by Coatue and UAE investors, CNBC reported.
Meta announced on Wednesday it will create a new class of non-voting stock to fund its AI buildout, CFO Susan Li confirmed during the Q3 earnings call.
Barclays is cutting 5,000 jobs — about 5% of its 93,000-strong global workforce — under cost-cutting plans its bosses say are being driven by advances in artificial intelligence.