Swedish banking startup Klarna will nearly double its valuation with new funds, according to a Reuters report . The company, which allows consumers to purchase goods online through interest-free installments, is raising roughly $500 million at a $10 billion valuation. It was valued at $5.5 billion last year with a $460 million round . The financing makes Klarna, which declined to comment on...
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How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 researchers,...
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