ABC's of AI

Moonshot AI’s Kimi upends conventional wisdom on U.S. lead over China – The Japan Times

admin — Mon, 20 Jul 2026 17:40:34 +0000

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At an event in Beijing earlier this year, some of China’s top artificial intelligence leaders warned that the country remained meaningfully behind the U.S. in developing cutting-edge AI models, with one executive arguing that “the gap may actually be widening.”
Leading U.S. firms also appeared confident they were significantly ahead. As recently as last week, one executive at Anthropic, who spoke on condition of anonymity, mused that the Claude maker’s technology was roughly six to 12 months ahead of Chinese rivals.

On Friday, Moonshot AI upended those assumptions. The Chinese AI lab released Kimi K3, a more advanced open-weight model that it said outperforms all rivals except for Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 on overall capability. The implication is that Moonshot, and by extension China, could be closing the gap faster than expected.
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China’s Moonshot AI Unveils Kimi Model, Threatening America’s Lead – The New York Times

admin — Mon, 20 Jul 2026 17:39:58 +0000

China’s Moonshot AI Unveils Kimi Model, Threatening America’s Lead The New York Times
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Moonshot Halts New Kimi K3 Subscriptions as Demand Overwhelms Compute – PYMNTS.com

admin — Mon, 20 Jul 2026 17:39:25 +0000

Chinese artificial intelligence startup Moonshot temporarily paused new subscriptions to its new open-weight model, Kimi K3, due to capacity constraints.

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OpenAI confidentially files for US IPO as AI boom drives investor frenzy – France 24

admin — Wed, 10 Jun 2026 22:55:55 +0000

Headings
ChatGPT maker OpenAI has confidentially filed for a US initial public offering, the company said on Monday, joining rivals such as Anthropic in a race towards public markets amid surging investor interest in artificial intelligence. The firm did not disclose terms or timing.
Issued on: 09/06/2026 – 03:18
ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said on Monday, joining rival Anthropic in a push towards the stock market as investors seek exposure to the artificial intelligence boom.
OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. “It may be a while because there are things we want to do that are likely easier as a private company,” it said in a statement. Reuters had reported that the AI giant is targeting a valuation of up to $1 trillion in a stock market debut that could come as early as September.
At that valuation, OpenAI would set the stage for a trio of trillion-dollar-valuation companies debuting rapidly, which together are seen as the most consequential test of investor appetite for high-growth technology stocks in the last 10 years.
Elon Musk‘s SpaceX was the first off the block, filing for an IPO that would rank as the largest in history if completed, with the company pursuing a $75 billion offering at a $1.75 trillion valuation. Anthropic, the company behind the viral coding assistant Claude Code, said on June 1 it had confidentially filed for a US initial public offering, weeks after raising $65 billion in a funding round that valued it at $965 billion.
Read more‘Human role narrowing’: Anthropic calls for global AI slowdown as systems could escape control
“OpenAI is keeping options open as Anthropic edged ahead with its filing after a monster funding round,” said Michael Ashley Schulman, a partner at Cerity Partners.
On prediction markets, where traders wager on the outcome of future events, most participants had expected OpenAI to file for an IPO before Anthropic.
The IPOs of Anthropic and OpenAI would crystallize a transformative period for the technology industry and global markets, with artificial intelligence rapidly emerging as the defining investment theme of the decade.
OpenAI said earlier this year that it was raising $110 billion at an $840 billion valuation from a roster of heavyweight backers including SoftBank, Amazon and Nvidia.
At the time, it also disclosed that ChatGPT had more than 900 million weekly active users and over 50 million consumer subscribers. The IPO filing follows OpenAI renegotiating its partnership with Microsoft, one of its earliest investors, which allowed the AI pioneer to forge new partnerships with firms such as Amazon.com and Alphabet’s Google.
The Windows maker’s early investment, totaling $13 billion since 2019, helped pave the way for OpenAI’s rapid rise and powered growth at Microsoft’s Azure cloud-computing business.
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In March, OpenAI said it was generating $2 billion in monthly revenue and growing roughly four times faster than companies that defined the internet and mobile eras, including Alphabet and Meta.
That compares with about $1 billion in quarterly revenue at the end of 2024.
OpenAI told investors during its most recent fundraising round that it did not expect to be profitable until 2030, according to a source familiar with the matter.
Yet the industry OpenAI launched has quickly become crowded and investors are scrutinizing whether the AI sector’s meteoric rise can be sustained.
Anthropic has emerged as one of the biggest rivals, with soaring demand for its Claude AI from software developers to handle their computer programming, and some firms deploying its top-shelf model Mythos to unearth vulnerabilities in their code.
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While the blockbuster offerings could inject fresh momentum into the US IPO market, some bankers warn they might also soak up capital that could otherwise flow to smaller deals.
“What OpenAI does not want is for the public market capital to exhaust itself,” said Gil Luria, managing director of D.A. Davidson. “Not only are SpaceX and Anthropic ahead of it in line to IPO, large public competitors could also raise tens of billions of dollars each in public market secondary issuances, as Google just completed last week.”
Musk-led SpaceX goes public this week.
OpenAI was founded in 2015 as a research-focused nonprofit, but created a for-profit arm four years later to help fund the soaring costs of developing artificial intelligence systems.
Its unusual structure, which gave the nonprofit control over the for-profit entity, came under intense scrutiny in late 2023 when CEO Sam Altman was briefly ousted before returning days later after employees revolted.
In December 2024, OpenAI unveiled plans to overhaul its structure by creating a public benefit corporation, saying the move would help it raise far more capital while easing restrictions imposed by its nonprofit parent.
OpenAI’s overhaul quickly became controversial after sharp criticism from its early backer, Musk, who later sued OpenAI and accused Altman and other executives of turning the nonprofit into a vehicle for private enrichment. A US jury in May ruled against Musk in his lawsuit, finding the AI company not liable to the world’s richest person for having allegedly strayed from its original mission to benefit humanity.
The unanimous verdict removed a key overhang on the IPO, with analysts saying it cleared a major legal hurdle.
(FRANCE 24 with Reuters)
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Opinion | Detroit is shaping data center growth on its terms – The Washington Post

admin — Wed, 10 Jun 2026 22:54:51 +0000

Opinion | Detroit is shaping data center growth on its terms The Washington Post
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Meta chooses Louisiana as AI workforce training hub for data centers – Shreveport Times

admin — Wed, 10 Jun 2026 22:53:35 +0000

Meta has chosen Baton Rouge as one of four sites to launch workforce academies for artificial intelligence infrastructure training to supply skilled workers to staff the company’s data center network boom that includes its largest AI data center project in Richland Parish.
The company said it will provide free training, lodging, daily stipends and a guaranteed job offer from Meta contractors for those chosen for the fast-track training of four to five weeks.
“The AI revolution is bringing change, but also historic opportunities,” Meta President Dina Powell McCormick said in a news release. “Skilled workers electrified rural America one pole at a time. They manned the factories that built the arsenal that won World War II. Now a new generation will pour the foundations and lay the fiber that secures American strength in this new age.”
Those interested can apply to Meta’s America’s Workforce Academy here.
Meta is investing $115 million to fund the training at four pilot sites. The other three are in Columbus, Ohio, Houston and Indianapolis.
Meta needs skilled workers to build and operate its data centers like the $27 billion project underway in Richland Parish. Among the skills needed: fiber technicians; welders; plumbers; electricians; and other skilled trade workers.
Louisiana Gov. Jeff Landry praised the company’s continued investment in the state in a post on X.
“If America wants to win the AI race, we need a workforce that’s equipped,” Landry said. “We are building that workforce right here in Louisiana with @LouisianaWorks and @golctc. Thank you @Meta for believing in Louisiana and her people.”
The Richland Parish Chamber of Commerce is among those partnering with Meta to advance its workforce needs.
Greg Hilburn covers state politics for the USA TODAY Network of Louisiana. Follow him on Twitter @GregHilburn1.

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Here’s How SoFi Is Using Artificial Intelligence (AI) and Why It Matters. Hint: It Could Be a Game-Changer. – Yahoo Finance

admin — Wed, 10 Jun 2026 22:53:01 +0000

With artificial intelligence (AI) offering high value in many different ways today, it was only a matter of time before it could help you manage your finances better. SoFi Technologies (NASDAQ: SOFI) is offering one of the first AI programs that syncs with your personal accounts through the SoFi app and offers targeted advice based on your individual financial standing.

Here’s how SoFi’s new product, SoFi Coach, works, and why it could be a game changer for the online bank.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »

How SoFi is trying to reinvent banking

SoFi isn’t dramatically different from any other U.S. bank, aside from not having any physical branches, and it’s not the only all-digital bank, either. But it’s building its brand by offering a large array of services and focusing on innovation. Most of its recent launches focus on blockchain technology, which it’s using to lower costs and increase speed related to financial management. Some examples are international money transfers and its just-introduced stablecoin.

Image source: SoFi.

Another way SoFi distinguishes itself is by offering access to some initial public offerings (IPO) directly. Anyone who has a SoFi investing account can submit an indication of interest (IOI) for any IPO listed in its IPO Investing Center, and as of June 4, that includes SpaceX. It’s similar to a buy order for a current stock, but there’s no guarantee the order will go through.

SpaceX has an ambitious IPO and has committed to allocating a higher percentage of shares to retail investors than the typical IPO. It needs to sell all that to reach the $75 billion it’s looking to raise, making it more likely that retail investors will get the shares they want.

AI, IPOs, and more

SoFi is now rolling out SoFi Coach, which has been in pilot testing as an AI-powered financial coach. It’s available to SoFi account holders and connects with 12,000 financial institutions to get a complete picture of a user’s finances, and it can analyze behavior and make suggestions. For example, it can track spending and help you budget, spot accounts that offer higher yields, and recommend debt-repayment plans. It can also go deeper and offer realistic paths to homeownership, or help you weigh decisions like whether it makes sense to pay off more credit card debt or more of your mortgage.

In tests, almost 70% of users took action to improve their finances based on the Coach’s recommendations. It offers real value for its members, who are often young and just starting out. This population is attracted to SoFi’s ease of use, and AI tools are another way it resonates with this digital-savvy crowd. The tools improve through machine learning, and SoFi is planning to offer new agentic AI features through the coach.

SoFi is already onboarding new members at record levels — 1.1 million in the first quarter, and the rate of cross-sell is increasing. SoFi’s strategy is to grow with its young members, and offering data-heavy recommendations can lead to higher new-product adoption rates, plus bring in new members. Management is laying the groundwork for long-term success, and AI could be a game changer for SoFi to become a major destination for new members.

Should you buy stock in SoFi Technologies right now?

Before you buy stock in SoFi Technologies, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

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Here's How SoFi Is Using Artificial Intelligence (AI) and Why It Matters. Hint: It Could Be a Game-Changer. – Yahoo Finance

admin — Wed, 10 Jun 2026 22:49:18 +0000

Here’s How SoFi Is Using Artificial Intelligence (AI) and Why It Matters. Hint: It Could Be a Game-Changer. Yahoo Finance
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Pope Leo enters AI debate with warning against ‘dominating humanity’ – Crain's Chicago Business

admin — Tue, 26 May 2026 02:09:31 +0000

These 14 families wield influence across Chicago and Illinois through business, politics, philanthropy, sports and civic institutions.

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Nvidia Is Still a Top Artificial Intelligence (AI) Stock to Buy Right Now – The Motley Fool

admin — Tue, 26 May 2026 02:08:05 +0000

Nvidia (NVDA 1.86%) is still the cream of the crop of artificial intelligence (AI) stocks. It continues to post nearly unbelievable results, yet lately the market has been unwilling to show it the love that it's showing to some of its competitors. I think that makes Nvidia a perfect AI stock to invest in right now, as it's actually being underhyped compared to its performance — particularly in light of the results it delivered Wednesday.
Image source: The Motley Fool.
For Nvidia, Q1 was just another quarter of outperforming expectations. Management had told investors to expect $78 billion in revenue, plus or minus 2%. Instead, its top line grew 85% year over year to $81.6 billion, easily outperforming that guidance. Yet the stock dipped. As of late Friday, it was down more than 4% for the week. The most remarkable thing about its growth rate is that it's accelerating. Look at what Nvidia's growth curve looked like prior to Q1's results, and it becomes obvious that the company is only getting stronger.

NVDA Revenue (Quarterly YoY Growth) data by YCharts.
It's a bit mind-bending to think that Nvidia, the largest company in the world, is nearly doubling its revenue year over year and that its growth rate is re-accelerating. When a company is growing this fast, I also like to look at the quarter-over-quarter growth to determine if this growth rate represents long-term or short-term strength. In Q1, Nvidia's revenue rose 20% quarter over quarter. When other tech giants like Microsoft, Apple, or Alphabet grow at a 20% year-over-year rate, we celebrate and talk about how strong a quarter they had. Nvidia is achieving that growth in a fourth of the time.
These results show that the AI build-out is still picking up steam, and Nvidia is the premier company to invest in to take advantage of it.
Despite its more rapid growth, Nvidia trades at a similar level to the other tech megacaps mentioned above.

NVDA PE Ratio (Forward) data by YCharts.
In my view, this shows that Nvidia is far undervalued compared to the other three. As a result of the market's current disrespect, I think Nvidia is a solid buy here. It won't surprise me if the market soon starts to wake up to how impressive Nvidia's results were and sends its shares higher. If it can continue posting results like this, it is easily one of the best buys in the entire market.
Keithen Drury has positions in Alphabet, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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The chipmaker just announced incredible quarterly results on Wednesday, and the market did nothing.

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