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AI startups ride on investor frenzy to raise billions in 2024

FACTBOX- AI startups ride on investor frenzy to raise billions in 2024 Oct 4 (Reuters) - OpenAI recently closed a $6.6 billion funding round at a $157 billion valuation that highlighted the enthusiasm around generative artificial-intelligence technology since the startup burst onto the scene with the launch of ChatGPT in late 2022. Since then a number of AI startups have managed to attract funding from well-known venture-capital funds and angel investors.
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Google tests verified check marks in search results

Google tests verified check marks in search results Oct 4 (Reuters) - Alphabet's GOOGL.O Google is testing showing check marks next to certain companies on its search results, a company spokesperson said on Friday, in a move aimed at helping users identify verified sources and steer clear of fake websites. Fraudulent websites impersonating official businesses or services could creep up in online search results, leading users to view false information about the business, deceiving users and poten
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OpenAI is putting down office roots in New York- WSJ

MEDIA-OpenAI is putting down office roots in New York- WSJ -- Source link: https://on.wsj.com/4gP1clx -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Meta, challenging OpenAI, announces new AI model that can generate video with sound

UPDATE 2-Meta, challenging OpenAI, announces new AI model that can generate video with sound Adds details, background from paragraph 6 onwards By Katie Paul NEW YORK, Oct 4 (Reuters) - Facebook owner Meta META.O announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs.
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OpenAI's $157 bln valuation requires hand waving

RPT-BREAKINGVIEWS-OpenAI's $157 bln valuation requires hand waving The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Oct 3 (Reuters Breakingviews) - It’s possible OpenAI is worth $157 billion ; it just requires a bit of hand waving. Technology giants, venture capital firms, and the usual suspects in the hedge fund and investment world piled into the company started by Sam Altman to give the artificial intelligence company $6.6 billio
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OpenAI's $157 bln valuation requires hand waving

RPT-BREAKINGVIEWS-OpenAI's $157 bln valuation requires hand waving The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Oct 3 (Reuters Breakingviews) - It’s possible OpenAI is worth $157 billion ; it just requires a bit of hand waving. Technology giants, venture capital firms, and the usual suspects in the hedge fund and investment world piled into the company started by Sam Altman to give the artificial intelligence company $6.6 billio
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Wall Street Journal - Oct 4

PRESS DIGEST - Wall Street Journal - Oct 4 Oct 4 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Spirit Airlines SAVE.N has been in discussions with bondholders over the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways JBLU.O .
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US says it disrupted Russian efforts to hack government agencies

UPDATE 1-US says it disrupted Russian efforts to hack government agencies Adds quote from US official, details on the hacking effort Oct 3 (Reuters) - The United States has seized 41 internet domains used by Russian intelligence agents and their proxies to hack into government agencies including the Pentagon and State Department, the Justice Department said on Thursday.
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US says it has disrupted Russian efforts to commit computer fraud

US says it has disrupted Russian efforts to commit computer fraud Oct 3 (Reuters) - The United States has seized 41 internet domains used by Russian intelligence agents and their proxies to commit computer fraud and abuse, the Justice Department said in a statement on Thursday. The department said it had acted concurrently with a Microsoft civil action to restrain 66 internet domains used by the same actors.
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Openai Introduces Canvas: New Interface For Chatgpt Enhancing Writing And Coding Projects

BRIEF-Openai Introduces Canvas: New Interface For Chatgpt Enhancing Writing And Coding Projects Oct 3 (Reuters) - Microsoft Corp MSFT.O : OPENAI: INTRODUCING CANVAS, A NEW INTERFACE FOR WORKING WITH CHATGPT ON WRITING AND CODING PROJECTS THAT GO BEYOND SIMPLE CHAT OPENAI : STARTING TODAY WE’RE ROLLING OUT CANVAS TO CHATGPT PLUS AND TEAM USERS
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OpenAI secures $4 billion credit line after big funding round

UPDATE 2-OpenAI secures $4 billion credit line after big funding round Adds details, background throughout Oct 3 (Reuters) - OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of the most valuable private companies in the world.
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Rival browsers allege Microsoft's practices on Edge unfair, should be subject to EU tech rules

EXCLUSIVE-Rival browsers allege Microsoft's practices on Edge unfair, should be subject to EU tech rules By Foo Yun Chee BRUSSELS, Oct 3 (Reuters) - Microsoft MSFT.O gives its Edge web browser an unfair advantage and EU antitrust regulators should subject it to tough EU tech rules, three rival browsers and a group of web developers said in a letter to the European Commission.
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OpenAI's $157 bln valuation requires hand waving

BREAKINGVIEWS-OpenAI's $157 bln valuation requires hand waving The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to add graphic. By Robert Cyran NEW YORK, Oct 3 (Reuters Breakingviews) - It’s possible OpenAI is worth $157 billion ; it just requires a bit of hand waving. Technology giants, venture capital firms, and the usual suspects in the hedge fund and investment world piled into the company started by Sam Altman to give the artificial intelligence
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OpenAI establishes $4 bln credit facility

OpenAI establishes $4 bln credit facility Oct 3 (Reuters) - OpenAI said on Thursday it has established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday. Reporting by Arsheeya Bajwa in
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Big Tech farms out AI power build, keeps the risk

BREAKINGVIEWS-Big Tech farms out AI power build, keeps the risk The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By George Hay LONDON, Oct 3 (Reuters Breakingviews) - Artificial intelligence giants are hoovering up the world’s green energy. Trillion-dollar companies like Meta Platforms META.O , Alphabet GOOGL.O and Amazon.com AMZN.O are signing chunky supply deals for their power-hungry AI data centres.
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Greece is unlikely victor in bank selldown race

BREAKINGVIEWS-Greece is unlikely victor in bank selldown race The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 3 (Reuters Breakingviews) - In 2010, it was hard to imagine the day when Greece's banking sector would be fully privatised and thriving. That was the year the government founded the Hellenic Financial Stability Fund (HFSF) to prop up ailing lenders.
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Wall Street Journal - Oct 3

PRESS DIGEST- Wall Street Journal - Oct 3 Oct 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - OpenAI has raised $6.6 billion in new funding from backers including Microsoft MSFT.O , SoftBank 9434.T , and Thrive Capital, at a valuation of $157 billion.
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New York Times business news - Oct 3

PRESS DIGEST- New York Times business news - Oct 3 Oct 3 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - OpenAI, the company behind ChatGPT, said it had completed a $6.6 billion fund-raising deal that nearly doubles the high-profile company's valuation from just nine months ago.
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Italy - Factors to watch on October 3

Italy - Factors to watch on October 3 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Group of Seven (G7) leaders expressed "strong concern" on Wednesday over the crisis in the Middle East but said a diplomatic solution was still viable and a region-wide conflict was in no one's interest,
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OpenAI Employees May Get To Sell Shares After $6.6 Billion Round, Says The Information

BRIEF-OpenAI Employees May Get To Sell Shares After $6.6 Billion Round, Says CFO- The Information Oct 2 (Reuters) - OPENAI EMPLOYEES MAY GET TO SELL SHARES AFTER $6.6 BILLION ROUND, SAYS CFO- THE INFORMATION Source text: https://tinyurl.com/36mje4t8 Further company coverage: MSFT.O
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