This technology giant still has major growth opportunities.Imagine it's the week of Aug. 19, 2004. Swimmer Michael Phelps won the 200- and 400-meter individual medley double at the Olympic Games in Athens. Terror Squad's "Lean Back" topped the U.S. music charts. And a young company named Google, which would later create a parent company named Alphabet (GOOG -0.53%) (GOOGL -0.55%), conducted its initial public offering (IPO). If you had invested $10,200 on the day Google first traded publicly and never sold ...

Nvidia is preparing one of the largest investments in the history of artificial intelligence, pledging up to $100 billion in funding for OpenAI, the creator of ChatGPT. The deal comes hot on the heels of Nvidia pledging a $5 billion investment into Intel, its one-time rival and former American semiconductor champion. The companies jointly announced they had signed a letter of intent for a strategic partnership to deploy at least 10 gigawatts of NVIDIA systems for OpenAI’s next-generation AI infrastructure ...

Core Insights - OpenAI and NVIDIA have announced a strategic partnership to deploy at least 10 gigawatts of NVIDIA systems for OpenAI's next-generation AI infrastructure, with NVIDIA planning to invest up to $100 billion progressively as each gigawatt is deployed [1][10] - The first phase of this deployment is expected to come online in the second half of 2026, utilizing the NVIDIA Vera Rubin platform [1][10] - This partnership aims to enhance AI capabilities and infrastructure, supporting OpenAI's mission to develop artificial general intelligence that benefits humanity [3][10] Company Collaboration - OpenAI will collaborate with NVIDIA as its preferred strategic compute and networking partner, co-optimizing their roadmaps for AI models and infrastructure software [2][3] - The partnership builds on a decade-long relationship between OpenAI and NVIDIA, which has included the development of AI systems used by hundreds of millions of people [2][3] Market Impact - OpenAI has achieved over 700 million weekly active users, indicating strong adoption across various sectors, including global enterprises and small businesses [3] - The partnership is expected to significantly advance the capabilities of AI infrastructure, potentially leading to new breakthroughs and scaling benefits to a wider audience [2][3]

(Bloomberg) — Alibaba Group Holding Ltd. (BABA) is trying to attract established brand names on Amazon.com Inc. (AMZN) to its global e-commerce site AliExpress, stepping up efforts to expand its footprint on the Seattle-based firm’s home turf. Most Read from Bloomberg AliExpress, Alibaba’s online retail portal for markets outside China, is trying to add more major brands by promising lower shipping fees and offering to take a lower cut of sales than Amazon does, according to people familiar with the ma ...

Industry Overview - The rise of artificial intelligence (AI) has led to a significant tech boom, particularly in Australia, where 30,000 individuals are currently employed in the AI sector, with many start-ups attracting billions in venture capital [1][19] - The Australian tech industry's lobby group, Tech Council of Australia, aims to increase AI jobs to 200,000 by 2030, emphasizing the need for further investment [17][19] Company Spotlight: Apate - Apate, a start-up founded from Macquarie University, has recently secured $2.5 million in seed funding and is known for deploying tens of thousands of AI-powered chatbots to combat global scams [1][2][32] - The founder, Dali Kaafar, developed a large language model (LLM) that trains chatbots to engage with scammers, utilizing real-life conversation videos for training [5][7][32] - Apate's chatbots exhibit various personalities and languages, designed to waste scammers' time and disrupt their operations [4][7][32] Company Spotlight: Heidi Health - Heidi Health, another AI start-up based in Melbourne, has developed a platform for the healthcare industry that assists doctors and veterinarians in generating patient notes from recorded conversations [13][14] - The company has gained significant clients globally and received funding from Blackbird, aiming to alleviate clinician burnout by saving time [14][16] Market Dynamics - The valuation of major tech companies has surged, with Nvidia reaching a valuation of $4 trillion, indicating the immense financial potential of the AI sector [20] - Concerns about the sustainability of AI valuations exist, with some analysts suggesting that the current hype may not reflect the true productivity of AI technologies [21][25] Regulatory and Ethical Considerations - There is an ongoing debate regarding the ethical implications of AI, particularly concerning the use of copyrighted material for training AI systems without compensating original creators [27][31][32] - The Tech Council of Australia is advocating for a balanced approach to regulation that considers the unique challenges posed by AI technologies [31]

Core Insights - Atlassian Corporation announced the appointment of Jason Warner to its Board of Directors, effective October 1, 2025 [1] - Jason Warner is the co-founder and co-CEO of poolside, an AI lab focused on developing foundation models for artificial general intelligence [1] Company Developments - The addition of Jason Warner to the Board is expected to enhance Atlassian's leadership in technology and growth [1] - Warner's experience at the intersection of technology and leadership aligns with Atlassian's strategic goals [1]

In the rosiest scenario artificial general intelligence will arrive and usher in a new world of economic growth of perhaps 20% a year.More mundane scenarios should also be considered, however https://t.co/R7bD5mWwlb ...

Microsoft and OpenAI are getting close to an agreement on the future of their partnership.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The companies said in a joint statement released Thursday (Sept. 11): “Micro ...

(Bloomberg) -- Alibaba Group Holding Ltd.’s stock gained the most in about two weeks after the company initiated a series of moves intended to shore up its place in China’s AI development boom. The e-commerce leader’s shares climbed more than 7% in early Hong Kong trading, tracking an overnight gain in the US. That takes the Chinese company’s gain to over 80% this year, a rally driven by aggressive moves to expand into the fledgling field of artificial intelligence. Alibaba this week raised $3.2 billion ...

Group 1 - Meta Platforms is considered a misunderstood AI investment, with a year-to-date stock increase of 30% as of September 8, outperforming many tech giants while trading at a significant discount [1] - The stock is priced at 25.4 times forward earnings, which is 33% less than Nvidia, despite Meta's potential to build a powerful AI infrastructure [2] - Meta plans to invest $66 billion to $72 billion in AI infrastructure by 2025, which includes large-scale computing projects like Hyperion and Prometheus [4] Group 2 - In Q2 2025, Meta reported a 22% revenue increase to $47.5 billion and a free cash flow of $8.5 billion, supporting its ambitious AI investments [5] - Meta has made significant talent acquisitions, investing approximately $14.3 billion for a 49% stake in Scale AI and hiring top researchers from leading tech companies [6][7] - The company's AI infrastructure development is on par with major tech competitors, yet it trades at a discount compared to pure-play AI firms, providing investors with potential upside [8]