BusinessSK Hynix shares record profits with employees via luxury-scale bonusesSK Hynix, boosted by soaring demand for high-bandwidth memory used in AI systems, is distributing 10% of its annual operating profit to employees as extraordinary bonuses.2 min read
BusinessOpenAI Explores Building an Agent-Centric SmartphoneOpenAI is reportedly investigating development of its own smartphone in collaboration with MediaTek, Qualcomm, and Luxshare, aiming to centre the device around AI agents rather than traditional apps.2 min read
BusinessMusk Seeks $150 Billion and Return to Nonprofit Status for OpenAIElon Musk testified in the civil trial against OpenAI, accusing its leaders of abandoning the nonprofit mission he says he originated and now demanding $150 billion in damages to be paid to OpenAI’s charitable arm.2 min read
BusinessOpenAI reportedly exploring a smartphone and bespoke hardware ecosystemIndustry analyst Ming-Chi Kuo reports that OpenAI is in talks with chipmakers MediaTek and Qualcomm and plans to work with Luxshare Precision Industry as a manufacturer, fueling speculation the company may build its own smartphone to anchor an AI hardware ecosystem.2 min read
BusinessOpenAI ends exclusivity with Microsoft, opens models to multiple cloud providersOpenAI and Microsoft have ended their exclusivity agreement: Microsoft remains OpenAI’s primary cloud partner and will receive new models first on Azure, but OpenAI can now offer models through any cloud provider.2 min read
BusinessOpenAI's missed targets weigh on suppliers and drag stocks lowerOpenAI failed to meet key targets for user numbers and revenue, triggering declines in shares of companies tied to its business.3 min read
BusinessPlanned €50 Billion AI Campus in Topusko Would Be Croatia’s Largest InvestmentDevelopers plan to build the Pantheon artificial intelligence development and innovation centre near Topusko in Sisak-Moslavina County with an estimated cost of about €50 billion.2 min read
BusinessMajor AI data center planned near Topusko in Croatia under Pantheon projectA proposed Pantheon development would create one of Europe’s largest artificial intelligence data centers and technology campuses near Topusko in Sisak-Moslavina County, with an estimated investment of about €50 billion.3 min read
BusinessHigh-stakes lawsuit in Oakland pits Elon Musk against Sam Altman and OpenAIThis week in Oakland a major lawsuit began in which Elon Musk sues Sam Altman and OpenAI, alleging he was deceived when the partly founder-funded nonprofit was converted into a profit-seeking company.3 min read
BusinessPwC adopts Harvey AI for tax and legal advisory, gains exclusive Big Four accessPwC has begun integrating Harvey, a generative AI platform built on OpenAI and ChatGPT technology, into its global tax and legal advisory services after a strategic alliance announced in March 2023.2 min read