Cloud computing firm Rackspace, owned by private equity firm Apollo Global Management, set a tentative pricing range for its IPO next month that implies it raises $754 million. Rackspace leases server space to companies and government entities, allowing them to store data in the cloud. Apollo Global bought the then-public company in November 2016 for $4.3 billion. Rackspace set a tentative...
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How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than...
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How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
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