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OpenAI's board of directors approached rival Anthropic's CEO about replacing chief Sam Altman and potentially merging the two AI startups, according to two people briefed on the matter.

Asian shares climbed to fresh two-month highs on Tuesday, boosted by a rally on Wall Street while the dollar languished near its lowest in two-and-a-half months on expectations the U.S. Federal Reserve is likely done with interest rate hikes.

Sam Altman’s ousting as CEO of OpenAI sent shockwaves through the tech world and grabbed headlines this morning after he was selected to lead Microsoft’s MSFT “new advanced AI research team”.  Altman co-founded OpenAI in 2015 with

Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees.

This past weekend was momentous for the artificial intelligence (AI) industry, and over the past few days, many assets associated with the technology were seeing price pops. Among these was cryptocurrency token Chainlink (CRYPTO: LINK), which rose by over 7% this weekend from its

A familiar narrative from 2023 took hold of the markets today: tech stocks, particularly those with Artificial Intelligence (AI) capabilities. Succinctly, this morning we saw that fledgling AI company OpenAI had fired its CEO Sam

Data center operator Applied Digital (NASDAQ: APLD) was a hot item among investors on Monday. The company's share price enjoyed a very pleasant boost of almost 9% on the day, on some big news in the artificial intelligence (AI) industry and the appointment of a seasoned tech indu

Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the board ousted CEO Sam Altman and sparked a potential mass exodus of employees. Sources said investors are working with legal advisers to study their options. It was not immediately clear if these investors will sue OpenAI. Investors worry that their hundreds of millions invested in OpenAI, a crown jewel in some of their portfolios, could suffer catastrophic losses as a result of what appears to be a potential collapse of the hottest AI startup in the rapidly growing generative AI sector.

The big shake-up in the artificial intelligence (AI) industry over the past few days rocked the foundations of numerous AI stocks. Among these was one of the sector's leading names, C3.ai (NYSE: AI), which rallied early on Monday before falling to close down by 4%.

The U.S. dollar dropped to its lowest in more than two months on Monday on expectations that U.S. interest rates have peaked, while Wall Street's three major stock indexes closed at multi-month highs.

Wall Street's three major stock averages closed higher on Monday with Nasdaq's 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired prominent artificial intelligence executives.

A look at the day ahead in Asian markets from Alden Bentley, U.S. Breaking News Editor for Finance and Markets.

The Dow barged into the holiday-shortened week with a 203-point gain, marking its sixth daily win in seven. Microsoft (MSFT) helped fuel today's rally, after news that former OpenAI CEO Sam Altman will lead the company's new artificial intelligence (AI) research team. Tech stoc

Zoom Video Communications raised its annual revenue forecast on Monday, as hybrid work trends and the integration of artificial intelligence technology into its products boosted demand.

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT). Check out the short video to learn more, consider subscribing, and click the special offer link below.

Wall Street's three major U.S. stock averages closed higher on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, while lower Treasury yields also provided support.

Tech stocks climbed in late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.6% and the Philadelphia Semiconductor Index advancing 1.7%.

Cruise CEO Kyle Vogt quit over the weekend, adding another element of turmoil for General Motors' (NYSE: GM) autonomous driving unit. The fleet is now off the road, and the business is without a clear leader.

Wall Street's three major U.S. stock averages advanced on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, and lower Treasury yields also provided some support.

The rift that cost artificial-intelligence whiz kid Sam Altman his CEO job at OpenAI reflects a fundamental difference of opinion over safety, broadly, between two camps developing the world-altering software and pondering its societal impact.