ITBEAR

OpenAI Bolsters Search Powers with Acquisition of Rockset

June 22, 2024 – On June 21 local time, OpenAI announced the completion of its acquisition of Rockset, a company specializing in database retrieval and analysis. This move is aimed at integrating Rockset’s technology and talent to enhance the search infrastructure of OpenAI’s various products. In its press release, OpenAI emphasized that artificial intelligence has…

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Musk’s Acquisition Leads to a 40% Drop in X Platform’s 2023 Half-Year Revenue

June 19, 2024 – Since Elon Musk’s acquisition of the X platform, previously known as Twitter, the company has experienced a significant decline in revenue, as the billionaire entrepreneur had anticipated. According to regulatory documents obtained by Bloomberg, the X platform generated 1.48billioninrevenueduringthefirsthalfof2023,representingadecreaseofapproximately4044 billion. The documents also revealed that the X platform incurred a loss…

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