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Judge denies Elon Musk’s bid to stop OpenAI from becoming a for-profit company

Reuters  —  A U.S. judge on Tuesday denied billionaire Elon Musk’s request for a preliminary injunction to pause OpenAI’s transition to a for-profit model but agreed to a fast-track trial in the fall of this year, the latest turn in the high-stakes legal fight. Musk does not have “the high burden required for a preliminary …

The post Judge denies Elon Musk’s bid to stop OpenAI from becoming a for-profit company appeared first on Egypt Independent.

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Samsung reports enormous jump in profit on AI boom

Seoul Reuters  —  Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market. The upbeat outlook from the world’s largest memory chip maker sent its shares 1.8 percent higher on Tuesday after it reported a …

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