Its second-largest acquisition to date is geared at helping businesses manage multiple cloud platforms, and capturing the Silicon Valley company’s developer following.
Shares of cybersecurity startup Rubrik rose on their first day of trading, reflecting how the IPO market for enterprise software startups has started to come back to life, but only for a limited group of companies.
The company’s cloud-computing unit hasn’t made as big a splash as its rivals in AI, betting instead that businesses want to use a variety of AI models.
“People literally talk about how AI is going to cure diseases someday, and I think this is a very meaningful first step,” said OpenAI CEO Sam Altman.
The biggest innovation in years has come for personal computers as manufacturers integrate chips that enable them to run large scale AI models directly on the device. But how quickly chief information officers will want to start snapping up the pricier PCs remains to be seen.
Retailer Lowe’s and software developer SAP are among the companies the tech giant is touting as proof of the device’s usefulness to businesses.
With price tags of up to millions a year for a single use case, firms hope AI can deliver savings through reduced hiring needs.
In a retrofitted building in the Brooklyn Navy Yard, once a hub of New York City shipbuilding, startup Nanotronics is developing plans for next-generation chip manufacturing facilities.
As businesses consider how to tackle generative AI, the once trendy idea of a startup-style innovation group is fading for some.
The maker of ChatGPT said 600,000 individuals pay for its ChatGPT business products—presenting an opportunity for OpenAI to win bigger company deals as it faces stiffer competition.
ExlService Holdings is cutting 800 jobs, or less than 2% of its workforce, as the digital services provider repositions to meet customer demand for generative artificial intelligence.