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OpenAI CEO Sam Altman plans to use the billion s of dollars he is trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg News reported,on Friday, citing people with knowledge of the plans. Altman has had talks with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, colloquially known as fabs, the report said. The project would involve working with top chip manufacturers and the network of fabs would be global in scope, according to the report. Manufacturing chips is expensive. They also require copious amounts of natural resources, in addition to the billions of dollars in funding. Costs have been rising over the years as technology advances to make chips used in artificial intelligence applications. Abu Dhabi-based G42 and Japan's SoftBank Group are among the firms that have held discussions with the OpenAI boss, but the talks are still early...

 OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion , Bloomberg News reported on Friday, citing people with knowledge of the matter. The terms, valuation and timing of the funding round have not yet been finalized and could still change, the report said. OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report. It is unclear if the chip venture and wider company funding were related, the report said, adding that OpenAI has discussed raising between $8 billion and $10 billion from G42. OpenAI is set to complete a separate tender offer led by Thrive Capital in early January, which would allow employees to sell shares at a valuation of $86 billion, according to the report. Microsoft has committed to invest over $10 billion in OpenAI, which kicked off the generative artificial intelligence craze in November 2022 by releasing ChatGPT. Microsoft said it had no...

On Tuesday, eight-time world champion Marquez will make his first MotoGP appearance on a bike other than a Honda for the first time in the post-season Valencia test. Marquez will ride the 2023-spec Ducati that won the world championship this year in Gresini colours next season, after electing to leave Honda with one season left on his contract following a difficult campaign. How Marquez will assimilate into Ducati has been a topic of discussion since the announcement that he will leave Honda came last month. Tardozzi, who believes Ducati's approach to satellite teams has helped raise Ducati's level in MotoGP , says Marquez will take this even further in 2024. "Raising again the level of the competitivity," Tardozzi told Motorsport.com when asked what he thinks Marquez will do for Ducati. "He will raise the level because tomorrow Marc will be very, very, very fast. I almost bet in him [finishing] in first position at the en...

With the third-quarter fundraising deadline on Sunday, details are being reported of how much Trump, Biden and other 2024 candidates received Presidential candidates are continuing to fill their coffers more than a year ahead of the 2024 election, with details of their third-quarter 2023 fundraising emerging ahead of Sunday's filing deadline. President Joe Biden and the Democratic National Committee raked in a massive haul, while former President Donald Trump handily leads the GOP primary field in fundraising . Biden and DNC Biden and the DNC raised $71 million in the third quarter, the president's campaign said, as Democrats grow their war chest heading into 2024. The groups, and their joint fundraising committees, finished the quarter with $91 million on hand, $14 million more than what they had going into it, the Biden campaign said. That sum came from nearly 500,000 donors. The campaign also said that 97% of the groups' donations came from small-dollar donors, people...

French workers angry over proposed changes to retirement rules are halting high-speed trains, disrupting electricity supplies and taking to the streets in protest Thursday PARIS -- French workers angry over proposed changes to retirement rules are halting high-speed trains, disrupting electricity supplies and taking to the streets Thursday in a day of nationwide strikes and protests seen as a major test for Emmanuel Macron and his presidency. French workers would have to work longer before receiving a pension under the new rules – with the nominal retirement age rising from 62 to 64. In a country with an aging population and growing life expectancy where everyone receives a state pension, Macron’s government says the reform is the only way to keep the system solvent. Unions argue the pension overhaul threatens hard-fought rights, and propose a tax on the wealthy or more payroll contributions from employers to finance the pension system. Polls suggest most French people oppose the re...