Erin Woo

Google parent company Alphabet announced plans to sell new stock for the first time since 2005, aiming to raise $80 billion in equity to spend on AI infrastructure and compute.As part of the plans, announced Monday, Berkshire Hathaway has agreed to purchase $10 billion in stock at a discount to the current market price. Additionally, Google will raise $30 billion in underwritten public

OpenAI announced specialized features within its Codex coding app designed to help with tasks ranging from product design to investment banking, as it seeks to compete with Anthropic for business customers.At an event Tuesday emphasizing its enterprise efforts, OpenAI also said it will put Codex within its core ChatGPT app “in the next few weeks” as it moves towards its long-promised

Google’s parent company Alphabet said on Wednesday that it was increasing the size of its equity raise to $84.75 billion from $80 billion.The bulk of the money—Google’s first time selling new stock since 2005—is earmarked for spending on AI infrastructure and compute, highlighting the cost of the AI infrastructure buildout. Google said on Monday that around $30 billion will go towards paying

OpenAI said on Monday that it has filed draft paperwork for an initial public offering with the Securities and Exchange Commission, a week after rival Anthropic said it had done the same.OpenAI also plans to let employees sell their shares ahead of the IPO, according to a person familiar with the situation. OpenAI has held several such tender offers in recent years, allowing insiders to sell

A coalition of state attorneys general has sent OpenAI a subpoena seeking documents about how the ChatGPT maker’s chatbot affects users, an OpenAI spokesperson confirmed.The attorneys general directed OpenAI to send them information including advertising, user engagement, handling of consumer data and activities related to minors and seniors, The Wall Street Journal first reported. The New

The U.S. government’s latest battle with Anthropic has revived long-simmering concerns throughout the AI industry that the White House has placed a bullseye on their reliance on foreign AI talent. The Trump administration appears to have targeted only Anthropic so far, warning the company on ...

OpenAI burned through $3.7 billion in the first quarter, more than half its $5.7 billion in revenue, according to documents the company shared with shareholders. Both cash burn and revenue tripled from the same period the previous year, signaling how even with strong AI demand, making money from ...

Google is reorganizing its recently launched strike team working on AI coding tools to try to catch up with Anthropic in the most lucrative AI applications, according to people familiar with the changes. The goal is for the months-old strike team to change the approach to training Google’s AI ...