World’s largest sovereign wealth fund reports $222 billion profit

World’s largest sovereign wealth fund reports 2 billion profit

Nicolai Tangen, CEO of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Jan. 29, 2025.  Naina Helén Jåma | Bloomberg | Getty Images Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a … Read more

OpenAI launches ChatGPT Gov for U.S. government agencies

OpenAI launches ChatGPT Gov for U.S. government agencies

OpenAI on Tuesday announced its biggest product launch since its enterprise rollout. It’s called ChatGPT Gov and was built specifically for U.S. government use. The Microsoft-backed company bills the new platform as a step beyond ChatGPT Enterprise as far as security. It allows government agencies, as customers, to feed “non-public, sensitive information” into OpenAI’s models … Read more

Perplexity Tiktok revised merger proposal

Perplexity Tiktok revised merger proposal

Photo illustration of TikTok app logo on a smartphone screen displayed with the American flag. Nurphoto | Nurphoto | Getty Images Perplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new entity combining Perplexity and TikTok U.S., would now also allow for the … Read more

Alphabet shares close above $200 for first time since stock split

Alphabet shares close above 0 for first time since stock split

Sundar Pichai, CEO of Alphabet Inc. Kyle Grillot | Bloomberg | Getty Images Alphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company’s opportunities in artificial intelligence. The stock gained 1.1% on Friday and a little more than 2% for the week to close … Read more

UK replaces CMA chair with ex-Amazon boss after anti-growth criticism

UK replaces CMA chair with ex-Amazon boss after anti-growth criticism

Doug Gurr, a former country manager for Amazon U.K., has been selected by the government as interim chair of the Competition and Markets Authority. Max Mumby/indigo | Getty Images LONDON — The British competition regulator tapped a top former Amazon executive as its new chair after facing accusations from Prime Minister Keir Starmer of stifling … Read more

Microsoft loses status as OpenAI’s exclusive cloud provider

Microsoft loses status as OpenAI’s exclusive cloud provider

From left, President Donald Trump, Oracle Executive Chairman Larry Ellison, SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman appear in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced a joint venture to fund artificial intelligence infrastructure. Aaron Schwartz | Sipa | Bloomberg | Getty Images Microsoft, the … Read more

Biden administration launches cybersecurity executive order

Biden administration launches cybersecurity executive order

US President Joe Biden, left, and Antony Blinken, US secretary of state, speak on the ceasefire deal between Israel and Hamas, in the Cross Hall of the White House in Washington, DC, US, on Wednesday, Jan. 15, 2025. Israel and Hamas agreed to a ceasefire deal, bringing at least a temporary halt to the war … Read more

Microsoft launches consumption-based Microsoft 365 Copilot Chat

Microsoft launches consumption-based Microsoft 365 Copilot Chat

Microsoft Chairman and CEO Satya Nadella speaks during the Microsoft May 20 Briefing event at Microsoft in Redmond, Washington, on May 20, 2024. Nadella unveiled a new category of PC on Monday that features generative artificial intelligence tools built directly into Windows, the company’s world leading operating system. Jason Redmond | AFP | Getty Images … Read more

Britain wants to become global AI leader, build domestic OpenAI rival

Britain wants to become global AI leader, build domestic OpenAI rival

Britain’s Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024. Leon Neal | Via Reuters LONDON — The U.K is looking to build a homegrown challenger to OpenAI and drastically increase national computing infrastructure, as Prime … Read more

TSMC beats sales estimates as AI chip boost continues

TSMC beats sales estimates as AI chip boost continues

The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom. The world’s … Read more