Kenrick Cai

By Kenrick Cai, Krystal Hu and Anna Tong SAN FRANCISCO/NEW YORK - Safe Superintelligence (SSI), newly co-founded by OpenAI's former chief

Safe Superintelligence (SSI), newly co-founded by OpenAI's former chief scientist Ilya Sutskever, has raised $1 billion in cash to help develop safe artificial intelligence systems that far surpass human capabilities, company executives told Reuters.

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By Max A. Cherney and Kenrick Cai CUPERTINO, California (Reuters) -Apple on Monday unveiled its artificial intelligence-boosted iPhone

Showing off the long-awaited phone hours after Chinese rival Huawei's tri-fold phone began racking up orders.

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. The outsized funding round has seen strong investor demand and could be finalized in the next two weeks, given the rapid growth of OpenAI's revenue, sources added. Existing investors such as Thrive Capital, Khosla Ventures, as well Microsoft are expected to participate.

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OPENAI TO REMOVE NPROFIT BOARD CONTROL, TURN BENEFIT CORP- SOURCES

As Google's trial on allegations of building an illegal monopoly in advertising technology nears its close, experts said the financial risk of losing the case is minimal for the tech giant best known for its search engine.

Anthropic, a startup backed by Alphabet and Amazon , released a pair of updated artificial intelligence models on Tuesday, along with a new capability to autonomously perform computer tasks and save users keystrokes.