Truncated: latest AI news

Sunday 1 November

OpenAI Cuts Funding Target by $10 Billion as Investor Jitters Shake AI Markets

AI-generated summary OpenAI reduced the target for its current funding round from $30 billion to $20 billion and sought to raise the money at a valuation of $1.25 trillion. The Wall Street Journal reported that OpenAI secured about $11 billion in commitments for the new funding from unnamed sources.

Earlier: AI boom hits a wall on Wall Street as OpenAI cuts fundraising target while Meta gets a credit warning over its cash flow, spending and monetization

Anthropic’s potential $2 trillion IPO could turn staff into millionaires

Dario Amodei

AI-generated summary According to reports, Anthropic is rumored to be targeting a potential initial public offering at a valuation between $1.5 trillion and $2 trillion. The blockbuster market debut could turn its thousands of employees into millionaires while creating potential concerns about employee retention and mission focus.

Also covered by Business Insider Tom's Hardware SiliconANGLE
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SpaceX (SPCX) lawsuit tracker: NAACP, Grok, and OpenAI

SpaceX (SPCX) lawsuit tracker: NAACP, Grok, and OpenAI

AI-generated summary According to a quarterly report, a federal judge in Mississippi reportedly refused on October 30 to dismiss the NAACP lawsuit against SpaceXAI concerning gas turbines at the Colossus 2 data center in Memphis. The case will now proceed to further litigation while the NAACP request for a preliminary injunction against operating the turbines remains pending before the court.