OpenAI has, since 2015, raised more than $11.3 billion in seven rounds of funding, and has big backers like Microsoft and Sequoia, but its costs are also huge

The artificial intelligence startup will use the cash to bring xAI's first products to market, build new infrastructure and accelerate its R&D

The Indian tech giant’s executive vice-president said budgets are instead being spent on building cyber attack defences

China is pushing to become a world leader in the field of AI by 2030 but wants to keep the game-changing technology under its purview and control

Dismissing claims of a 'dangerous breakthrough' at OpenAI, Microsoft President Brad Smith said a breakthrough in super-intelligent AI was not likely this year

News of the delay follows analysts concerns around Nvidia’s plan to introduce three new chips for China, as developing new chips can be highly resource-intensive

A letter written by staff researchers to the OpenAI board of directors, in the days before Altman's dismissal, warned of an AI discovery that ‘could threaten humanity’

Analysts say investors looking to sue the ChatGPT-maker will have a 'weak case' as the company's structure insulates the board, even from decisions that backfire

Dozens of OpenAI staffers have reportedly announced internally that they are quitting the company, and many of them have taken to X to say the firm is "nothing without its people"

"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware of," one analyst said, but news that Jack Ma's family trust was selling shares likely also hurt the stock

The US tech giant didn’t reveal why it had shelved its plan but had previously raised concerns about stable power supplies and Hanoi bureaucracy

Chinese tech giants, including Alibaba, ByteDance and Baidu, had placed orders worth billions for 2024 and Nvidia had planned to deliver some of them by mid-November