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SoftBank Founder's Starstruck Bet on OpenAI Raises Concern

SoftBank has committed more than $60 billion to OpenAI to date, with founder Masayoshi Son reportedly convinced Sam Altman is leading the most important technology shift of the century. But as rival Anthropic gains ground, questions are growing - even inside SoftBank - about whether the company may be too heavily tied to OpenAI's success. Bloomberg's Peter Elstrom joins Ed Ludlow on "Bloomberg Tech."

Read more: SoftBank Founder's Starstruck Bet on OpenAI Raises Concern
Bloomberg

OpenAI Is Preparing to File for an IPO in the Coming Weeks

OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall. The exact timing remains uncertain. The ChatGPT creator, co-founded by Sam Altman, is one of the world's most valuable and powerful AI companies. Bloomberg's Ed Ludlow has all the details.

Read more: OpenAI Is Preparing to File for an IPO in the Coming Weeks
Bloomberg

FedEx CEO Says AI Will Create Jobs, Not Replace Workers

FedEx President and CEO Raj Subramaniam says the company's investment in AI and data analytics is helping optimize its network and create new services without replacing human delivery jobs. Subramaniam is on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded April 29 at the Economic Club of Washington.

Read more: FedEx CEO Says AI Will Create Jobs, Not Replace Workers