Businesses are finding it increasingly difficult to budget for AI spending due to rapid technological changes and cost volatility.
OpenAI submitted a confidential Form S-1 filing with the SEC, following Anthropic's IPO filing from the previous week. The confidential filing means certain details such as executive compensation and business risks remain nonpublic.
Samsung Electronics recorded a second-quarter operating profit of KRW 89.4 trillion, marking its third consecutive record quarter. The result represents a 1,810% increase from the same period last year, with revenue reaching KRW 171 trillion, up 129.3% annually. AI semiconductor demand drove the exceptional growth.
Starting October 9th, free Google Gemini users will be limited to the Flash Lite model. Access to the standard Flash model requires a $4.99 monthly Google AI Plus subscription, which will also stop including Gemini Pro. Top-tier Gemini Pro and Deep Think reasoning will be restricted to Google AI Pro or Ultra subscribers.
DeepSeek raised its pre-IPO funding target from $7.4 billion to between $12 billion and $15 billion as investor interest surged. CATL and Tencent Holdings are the lead investors.