OpenAI has officially become the world's most valuable company. According to the Wall Street Journal, the company completed a deal with investors that values the Chat GPT maker at around $500 billion. The record valuation for the private company comes just 3 years after it launched its flagship product.The company has now surpassed SpaceX as the world's most valuable private company. Behind SpaceX, you have AI startup Anthropic, data intelligence firm Datab Bricks, and payment processor Stripe. The sale spe ...

OpenAI has topped Elon Musk SpaceX to become the world's largest startup with a valuation of $500 billion. The Chat GPT owner completed a deal to let employees sell shares at a $500 billion valuation with current and former staff selling about $6.6% billion worth of shares to investors. That pushes OpenAI well past SpaceX $400 billion valuation to become the world's largest private company.OpenAI is one of several companies including NVIDIA leading a global push to invest in data centers and AI models. An e ...

OpenAI has topped Elon Musk SpaceX to become the world's largest startup with a valuation of $500 billion. The Chat GPT owner completed a deal to let employees sell shares at a $500 billion valuation with current and former staff selling about $6.6% billion worth of shares to investors. That pushes OpenAI well past SpaceX $400 billion valuation to become the world's largest private company.OpenAI is one of several companies including NVIDIA leading a global push to invest in data centers and AI models. An e ...

Let's bring in first Smart Mark Capital founder and partner Rick Heightsman to hopefully provide us some answers. Good to see you. >> Hey, great to see you.>> So, a lot of people are asking that question and maybe some are sick and tired of it being asked and having to talk about it, but >> do you see any similarities to what's happening now to what happened then. What do you think. Generally, >> what happened then being in the dot bubble and how that >> the only then that's relevant to now, right.>> I I th ...

A comprehensive look at trends, fund profiles, and more in exploring ETFs. Hi everyone, welcome to exploring ETFs. I'm Nina Mishra and today we are talking about artificial intelligence related stocks and ETFs.So last week was a big week for this theme because last Monday Nvidia and Open AAI they announced a strategic partnership under which the former will invest as much as hundred billion dollars in the letter. So this investment is going to support new data centers with a capacity of at least eight sorry ...

you're probably not getting the most out of Chat GPT and other AI tools. And today I'm going to show you a bunch of new use cases that you can use right now. First, let's go over some creativity and design use cases.This one is incredible. You can look at what your room, your house, your apartment is going to look like with different types of furniture, different types of designs, and it is dead simple. Check this out.So, here's a picture of a room and I simply used MS Paint to outline in different colors d ...

Economic Overview - There are two contrasting economies: a thriving AI economy and a struggling consumer economy, with the latter deteriorating daily [2][19] - AI-related stocks have significantly contributed to market performance, accounting for 75% of S&P's returns and 80% of earnings growth since late 2022 [18] AI Economy - Intel, a semiconductor company, is reportedly seeking funds from Apple to re-enter the AI market, although this has not been confirmed [4][5] - Corewave has expanded its agreement with OpenAI, increasing its total contract value to $22.4 billion, highlighting the robust activity in the AI sector [8] - Meta is constructing a $10 billion data center in Louisiana, which will require significant energy resources, raising concerns about the impact on local consumers [9][10] Consumer Economy - CarMax reported disappointing results, with sales 6% below expectations, leading to a 20% stock plunge; the company may benefit from lower interest rates [12][13] - KB Home is reducing its home construction due to high interest rates, which are critical for the housing market [14][15] - Starbucks announced layoffs of 900 corporate workers and a 1% reduction in North American store count as part of a restructuring plan to improve profitability [16][17] Market Dynamics - The consumer-oriented part of the economy is weak, and without rate cuts, the situation is expected to worsen [19][23] - High interest rates are not a concern for AI companies, which often have substantial cash reserves [23] - Retailers are struggling with excess workforce and store counts, with only large players like Walmart able to compete effectively [21][22]

Hi everybody, I'm Brian Svin of CNBC. Okay, you might have seen this news. You got this huge hundred billion dollar deal with Nvidia and Chat GPT parent company OpenAI.That was on Monday. The total spend on AI in the United States could be closing in on $1 trillion. But here's the thing.We know you love your AI, but it takes a lot of electricity to run it. In fact, they talked about this 10 gawatt deal. Electricity is squishy.It's mushy. I get it. I'm kind of the energy guy here, so I'll tell you this.1 gaw ...

AI Adoption in US Congress - Congressman Nick Begage advocates for AI to enhance lawmaker efficiency in areas like committee work, bill drafting, speeches, and constituent relations [1] - AI assists Begage's office in summarizing constituent letters and identifying potential conflicts in proposed legislation [2] - Current House policies limit the sharing of classified information and constituent data with AI systems [2] AI Tools and Integration - Microsoft's co-pilot is the first large-scale AI rolled out for House lawmakers [4] - Other AI tools under review include OpenAI's Chat GPT, Anthropic's Claude, and Google's Gemini, offered to government employees for $1 or less [4] - The US General Service Administration will support Meta's Llama for government workers [5] Challenges and Future Directions - AI is not yet fully integrated into core House workflows [3] - The House is working to catch up with AI technology, a challenge not unique to DC but prevalent across the country [3]

Core Insights - The current state of AI in business shows that despite significant investments, 95% of organizations have not seen a return on their investment in generative AI [1] - Only 5% of integrated AI pilots are generating substantial value, while the majority have no measurable profit and loss impact [2] - A significant number of enterprise-level AI systems are not advancing beyond the evaluation stage, with only 20% reaching pilot programs and just 5% moving to full production [3] Investment and Impact - Enterprises have invested as much as $40 billion in generative AI, yet the majority report no measurable benefits [1] - Tools like OpenAI's Chat GPT and Microsoft's Copilot are widely tested, with over 80% of organizations either exploring or piloting these tools, but they show limited overall impact on profit and loss [2] Challenges in Implementation - The main reasons for the rejection of AI tools include a lack of contextual learning, brittle workflows, and misalignment with daily operations [3] - Behavioral research indicates that employees are producing "workslop," which refers to low-effort outputs that appear helpful but lack completeness and context [4] Employee Experience - A survey of 1,150 U.S.-based full-time employees found that 40% received workslop in the last month, with an average of 15.4% of content at work qualifying as such [5]