TNB Tech Minute: OpenAI in Talks to Get Investment From U.A.E. Fund

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 12 September 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Plus, Amazon to boost pay for its delivery drivers following unionization threats. And Microsoft plans to layoff 650 workers from its gaming unit. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Ecolab water for climate, less water, more growth.
0:04.0	Results will vary.
0:06.0	Learn more at Ecolab.com slash Ewc.
0:09.0	Ecolab water for climate, transforming the way the world thinks about water. Water for
0:15.0	Thursday, September 12th.
0:17.0	Here's your TnB Tech Minute for Thursday, September 12th.
0:20.0	I'm Zoe Thomas for the Wall Street Journal.
0:23.0	Open AI is in talks to get investment from a company backed by the United Arab Emirates.
0:28.0	It's part of a multi-billion dollar fundraising round that would value the chat geeptee maker at $150 billion
0:34.8	according to people familiar with the matter. The UAE created
0:38.9	MGS earlier this year to invest in artificial intelligence projects.
0:43.6	It hasn't determined the size of a potential investment.
0:46.6	That's according to people with knowledge of the discussions.
0:49.4	Separately, Open AI CEO Sam Altman has told investors the company is considering changing its corporate
0:55.4	structure to be more attractive to them. Currently, Open AI has an unusual setup where investors
1:01.2	can receive a capped share of profits from its for-profit subsidiary.
1:06.0	News Corp, owner of the Wall Street Journal, has a content licensing partnership with Open
1:10.5	AI.
1:11.5	We're exclusively reporting that Amazon is raising the wages of its delivery
1:16.6	drivers following union organizing activity and changes to how labor officials view its drivers.
1:23.6	The e-commerce giant said it is investing about $2 billion
1:27.3	into its delivery services program this year.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.