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Feb 14, 2025 · OpenAI’s board has formally rejected Elon Musk’s bid to buy the assets of its nonprofit for $97.4 billion, according to a statement posted to X. The decision, which was expected, comes four days after the entrepreneur originally offered to effectively take control of the OpenAI for-profit arm that runs ChatGPT. OpenAI CEO Sam Altman told staff on Monday that the board intended to reject

Mar 20, 2025 · The Information has a simple mission: deliver important, deeply reported articles about the technology business you won’t find elsewhere. Many of the most influential people in the industry turn to us for fresh information and original insight.

Jan 4, 2025 · The Justice Department and TikTok filed duelling briefs with the Supreme Court on Friday, setting up the arguments their representatives will present when the court hears oral arguments next Friday in TikTok’s effort to block a law that could ban it on Jan. 19 if it doesn’t sever its ties with parent company ByteDance.. The …

Mar 5, 2025 · Genesys, a private equity-backed customer service software company, delayed what would have been one of the largest initial public offerings of the year, citing a sliding stock market, people familiar with the matter said.. The company’s advisers told people in recent days that it would push back the IPO by at least a few months, rather than try to go public in April or May as it had planned ...

The leaderboards that the deal now tops: 🥇 Most valuable M&A deal for a VC-backed, private company – $10B more than Meta's acquisition of WhatsApp in 2014 (WhatsApp can still claim to have been "faster to exit" by two months) 🥇 Google's largest ever acquisition – 2.4x larger than the acquisition of Motorola Mobility in 2012 🥇 Highest ever exit valuatio...

Mar 6, 2025 · Things haven't played out that way in the U.S., but Meta has been quietly studying whether to use DeepSeek models in products.Meta might not want to promote DeepSeek to users, though, considering its public stance on Chinese threats and because it develops its own open source AI models, Llama.At a minimum, DeepSeek has upped the ante for Llama 4, the next version of Meta’s flagship model.

Jan 22, 2025 · Microsoft executive vice president Chris Young, who oversaw the company’s deals and investments, resigned on Wednesday, Microsoft said in a filing . As the head of business development, Young ran a team of several hundred employees tasked with overseeing Microsoft’s deals with OpenAI and other firms. His staff managed Microsoft’s relationship with OpenAI, in which Microsoft invested billions

Jan 2, 2025 · OpenAI will end its exclusivity agreement with Microsoft and offer its models through other cloud providers: The overarching theme of the last two years has been a gradual distancing between OpenAI and Microsoft, its largest investor and exclusive cloud provider.Microsoft now competes for OpenAI’s customers and strikes deals with the startup’s biggest rivals.