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OpenAI Foundation commits $250 million to help workers, economies navigate AI disruption

OpenAI Foundation commits $250 million to help workers, economies navigate AI disruption

May 27 (Reuters) - The non-profit that controls OpenAI will commit an initial $250 million for grants, partnerships and direct work aimed at helping workers and economies navigate the disruption caused by AI technology, it said on Wednesday. 
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Trump refiles $10 billion defamation suit against WSJ over report on Epstein ties

Trump refiles $10 billion defamation suit against WSJ over report on Epstein ties

NEW YORK, May 28 (Reuters) - President Donald Trump on Wednesday refiled a defamation lawsuit seeking at least $10 billion in damages against the Wall Street Journal over its reporting on his ties to Jeffrey Epstein, after a judge threw out an earlier version over legal deficiencies.
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Snowflake raises annual product revenue forecast, strikes $6 billion AWS deal

Snowflake raises annual product revenue forecast, strikes $6 billion AWS deal

May 27 (Reuters) - Snowflake raised its annual product revenue forecast on Wednesday, signaling growing demand for AI-driven workloads and cloud migrations, sending shares of the cloud-based data analytics platform surging 29% in extended trading.
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Meta Introduces AI Subscription Plans with Competitive Pricing Strategy

Meta Introduces AI Subscription Plans with Competitive Pricing Strategy

Meta Introduces AI Subscription Plans with Competitive Pricing Strategy
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AI to turbocharge patent creation at India tech hubs, executives say

AI to turbocharge patent creation at India tech hubs, executives say

By Aditya Soni and Sai Ishwarbharath B BENGALURU, May 27 (Reuters) - Global companies expect AI to accelerate the creation of new products and intellectual property at their Indian technology hubs, underlining the country's growing role as an innovation base even as the futuristic technology
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Musk says SpaceX agreed only six-month Colossus AI lease to Anthropic

Musk says SpaceX agreed only six-month Colossus AI lease to Anthropic

May 28 (Reuters) - SpaceX CEO Elon Musk said on Thursday the IPO-bound company had only agreed to lease its Colossus AI training data center clusters to Anthropic for six months, though he added it was "possible" the arrangement could extend for multiple years.
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US space stocks rise on SpaceX IPO hype

US space stocks rise on SpaceX IPO hype

May 27 (Reuters) - Shares of U.S. space companies continued to climb on Wednesday, extending their recent rally as investors bet that rocket company SpaceX's mammoth market listing could force Wall Street to fundamentally rethink how it values the space economy.
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Snowflake jumps as enterprise demand for data offerings drives forecast raise

Snowflake jumps as enterprise demand for data offerings drives forecast raise

By Kanishka Ajmera May 28 - Snowflake shares jumped 36% in premarket trading on Thursday after the data analytics firm raised its annual product revenue forecast and announced a five-year AI infrastructure deal worth $6 billion with Amazon Web Services.
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OpenRouter's Valuation Surges to $1.3 Billion Amid AI Gateway Popularity

OpenRouter's Valuation Surges to $1.3 Billion Amid AI Gateway Popularity

OpenRouter's Valuation Surges to $1.3 Billion Amid AI Gateway Popularity
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Universal Music Group and TikTok Renew Agreement to Combat Unauthorized AI Music

Universal Music Group and TikTok Renew Agreement to Combat Unauthorized AI Music

Universal Music Group and TikTok Renew Agreement to Combat Unauthorized AI Music
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Target India head says retailer weighing AI tool costs amid shift to usage-based pricing

Target India head says retailer weighing AI tool costs amid shift to usage-based pricing

By Haripriya Suresh and Aishwarya Venugopal BENGALURU, May 25 (Reuters) - Target India head said on Monday that a shift to usage-based AI pricing is pushing the U.S. retailer to look more closely at making costly tools available for its employees.
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Qualcomm strikes AI chip deal with TikTok owner ByteDance, Bloomberg News reports

Qualcomm strikes AI chip deal with TikTok owner ByteDance, Bloomberg News reports

May 26 (Reuters) - Qualcomm reached a deal with TikTok owner ByteDance to supply chips for AI data centers, Bloomberg News reported on Tuesday, citing people familiar with the matter. Shares of the smartphone chip designer rose nearly 5%.