Shares of online travel agencies surged following reports that OpenAI is scaling back plans to integrate direct bookings into ChatGPT. This development eases investor fears that artificial intelligence chatbots could eventually bypass travel intermediaries.

Nvidia Chief Executive Officer Jensen Huang indicated the company’s recent investments in OpenAI and Anthropic might be its final ones, as both artificial intelligence organisations prepare for potential public offerings this year.

X, the social media platform, and artificial intelligence startup xAI plan to fully repay approximately USD 17.5 billion in company debt. Morgan Stanley, which manages the debt for both organisations, has been informing existing lenders of this plan. Credit: xAI This repayment includes xAI's USD 3 billion of high-yield bonds, which are set to be redeemed at approximately USD 1.17 on the dollar. This premium reflects the expectation that the debt would have remained outstandin

The global smartphone market is projected to experience its largest decline on record in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation (IDC) said on Thursday.

US private equity firm General Atlantic is selling an equity stake in TikTok owner ByteDance, valuing the Chinese company at USD 550 billion, Reuters reported. The pending deal, which would set a new valuation record for ByteDance, was cited by two unnamed sources. Credit: BYTEDANCE This pending transaction confirms a previous report by the South China Morning Post, which stated ByteDance’s private market valuation had surged to USD 500 billion. That figure was an increase fr

Advanced Micro Devices, Inc., known as AMD, has agreed to a significant deal to supply artificial intelligence chips to Meta Platforms, Inc. The agreement is valued at up to USD 60 billion over five years. This pact allows Meta to purchase as much as 10% of the chip organisation.

OpenAI is strengthening its enterprise market presence through new partnerships with four leading consulting firms. This initiative aims to help corporate clients move beyond initial pilot projects to full-scale artificial intelligence deployments.

Nvidia is close to finalising a USD 30 billion investment in OpenAI. This new deal would replace a long-term USD 100 billion commitment agreed upon by the companies last year. Credit: UNSPLASH The investment would form part of a new funding round for the artificial intelligence start-up. The agreement could be finalised as early as this weekend. OpenAI, maker of ChatGPT, is aiming to raise up to USD 100 billion in its current funding round. This round would value the organisa