Anthropic

A top U.S. antitrust regulator has said it was launching an inquiry about investments made by Microsoft, Google and Amazon into generative AI startups OpenAI and Anthropic.

Elon Musk is seeking to raise a billion dollars for his xAI artificial intelligence company that he hopes will compete with ChatGPT's Open AI.

An official filing to the US Securities and Exchange Commission on Tuesday said the company that Musk created earlier this year had already gathered $134.7 million and plans to raise $1 billion overall.

Online retail colossus Amazon on Thursday said profit surged in the recently ended quarter on growing sales and more efficient deliveries, with its cloud business promising even better days ahead.