OpenAI

OpenAI board member Larry Summers steps down amid Epstein file revelations

AI /

Former Treasury Secretary Larry Summers has resigned from OpenAI’s board days after Congress released an extensive cache of emails with convicted sex offender Jeffrey Epstein, which included details of intimate affairs. Summers is also a former president of Harvard University and a current professor. The university will open its own probe into Summers’s connections with […]

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Intuit signs $100M+ deal with OpenAI to bring its apps to ChatGPT

Enterprise /

Intuit has signed a multi-year contract worth more than $100 million with OpenAI, enabling its tax and financial apps to operate within ChatGPT and expanding the company’s use of OpenAI’s models across its products. Intuit said its tools, such as TurboTax, Credit Karma, QuickBooks and Mailchimp, will be accessible through ChatGPT, allowing users to ask

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How much of the AI data center boom will be powered by renewable energy?

Climate /

According to a new report from the International Energy Agency, the world will spend $580 billion on data centers this year — $40 billion more than will be spent finding new oil supplies. Those numbers help to illustrate some big shifts in the global economy, and comparing data centers and oil seems particularly apt given

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Leaked documents shed light into how much OpenAI pays Microsoft

AI /

After a year of frenzied dealmaking and rumors of an upcoming IPO, the financial scrutiny into OpenAI is intensifying. Leaked documents obtained by tech blogger Ed Zitron provide more of a glimpse into OpenAI’s financials — specifically its revenue and compute costs over the past couple of years.   Zitron reported this week that in 2024,

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Are data centers the new oil fields?

Venture /

A new report from the International Energy Agency (IEA) shows that $580 billion will be spent globally on AI data centers in 2025 alone. This is $40 billion more than will be spent on new oil supplies — leading us to conclude that data centers are the new oil fields. But is this a net positive for the environment or just a different kind of resource drain?  On TechCrunch’s Equity podcast, Kirsten

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ChatGPT launches pilot group chats across Japan, New Zealand, South Korea, and Taiwan

Apps /

OpenAI on Thursday introduced a group chat feature for ChatGPT. The feature, currently being tested in select regions including Japan, New Zealand, South Korea, and Taiwan, lets users collaborate directly within the app. The group chat is available to Free, Plus, and Team users on both mobile and web platforms. OpenAI says the pilot is

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Coding assistant Cursor raises $2.3bn five months after its previous round

Enterprise /

Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved

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Coding assistant Cursor raises $2.3B 5 months after its previous round

Startups /

Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved

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