SYDNEY, Oct 9 : Australia's Nvidia-backed AI data centre operator Firmus shelved its initial public offering citing recent market volatility, and will opt for a private fundraising round, the company said in a statement."Firmus will now pursue capital from the private markets and consider alternative public a
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Coinbase Financial Markets agreed to cease all new sports-related event contracts in Michigan on October 10 and wind down open positions. The deal follows similar actions against Robinhood and KalshiEX as the state targets unlicensed sports wagering disguised as prediction markets. Appeals remain pe…
Oct 8 : Chatbots created by AI companion company Character.AI sometimes advised users to cut, starve or kill themselves, according to a new filing by Kentucky’s attorney general in a lawsuit against the firm over child safety. The lawsuit adds to growing scrutiny of AI chatbots, particularly products marke
Oct 8 : OpenAI has told investors its annualized revenue for September was almost $50 billion, a drop from what it signaled earlier, a person familiar with the matter told Reuters on Thursday. The company previously indicated to investors at a separate event that its revenue run rate for last month was approac
Oct 8 : OpenAI's annualized revenue is about $20 billion less than has been previously signaled, the Financial Times reported on Thursday, citing financial documents shared with investors. OpenAI did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
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