Latest news with #KanishkaSingh
Fast Company
5 days ago
- Business
- Fast Company
ChatGPT maker OpenAI has won a $200 million contract with the Department of Defense
ChatGPT maker OpenAI was awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools, the Pentagon said in a statement on Monday. 'Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both war fighting and enterprise domains,' the Pentagon said. The work will be primarily performed in and near Washington, D.C. with an estimated completion date of July 2026, the Pentagon said. OpenAI said last week that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation. OpenAI had 500 million weekly active users as of the end of March. The White House's Office of Management and Budget released new guidance in April directing federal agencies to ensure that the government and 'the public benefit from a competitive American AI marketplace.' The guidance had exempted national security and defense systems. —Kanishka Singh, Reuters
The Star
6 days ago
- Business
- The Star
OpenAI wins $200 million US defense contract
FILE PHOTO: OpenAI logo is seen in this illustration taken February 8, 2025. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) -ChatGPT maker OpenAI was awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools, the Pentagon said in a statement on Monday. "Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains," the Pentagon said. The work will be primarily performed in and near Washington with an estimated completion date of July 2026, the Pentagon said. OpenAI said last week that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation. OpenAI had 500 million weekly active users as of the end of March. The White House's Office of Management and Budget released new guidance in April directing federal agencies to ensure that the government and "the public benefit from a competitive American AI marketplace." The guidance had exempted national security and defense systems. (Reporting by Kanishka Singh in Washington; Editing by Leslie Adler)
The Star
6 days ago
- Business
- The Star
US State Department approves possible sale to Australia of fighter jet spare parts
WASHINGTON (Reuters) -The U.S. State Department approved a possible foreign military sale to Australia of fighter jet spare parts for $2 billion, the Pentagon said in a statement, adding the principle contractor will be Boeing. Australia had requested to buy the equipment related to the sustainment of its Boeing F/A-18F Super Hornet fighter jet, and the EA-18G Growler jet which is mainly used in electronic warfare roles such as radar jamming. (Reporting by Kanishka Singh, Ismail Shakil and Mike Stone in Washington; Editing by Chris Reese)
Yahoo
13-06-2025
- Politics
- Yahoo
Trump to attend security meeting on Friday after Israeli strikes on Iran
By Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump will attend a National Security Council meeting on Friday morning, the White House said late on Thursday after Israeli strikes on Iran that have put the Middle East on edge. The meeting will be held at 11 am ET (1500 GMT) on Friday, the White House said. WHY IT'S IMPORTANT Israel said early on Friday Middle East time and late Thursday U.S. time that it had struck Iran to block Tehran from developing atomic weapons, and Iranian media and witnesses reported explosions including at the country's main uranium enrichment facility. U.S. top diplomat Marco Rubio called Israel's strikes against Iran a "unilateral action" and said Washington was not involved while also urging Tehran not to target U.S. interests or personnel in the region. The U.S. State Department said late on Thursday that the U.S. Embassy in Jerusalem has directed all U.S. government employees and their family members to shelter in place until further notice. CONTEXT Trump had been seeking a new nuclear deal to place limits on Iran's disputed uranium enrichment activities but the talks have appeared to be deadlocked. Trump said earlier on Thursday an Israeli strike on Iran "could very well happen" but reiterated hopes for a peaceful resolution. The U.S. military is planning for the full range of contingencies in the Middle East, including the possibility that it might have to help evacuate American civilians, a U.S. official told Reuters. SECURITY ALERT BY U.S. EMBASSY A security alert by the U.S. embassy in Jerusalem said the security environment was complex and could change quickly. In response to security incidents and without advance notice, the U.S. embassy may further restrict or prohibit U.S. government employees and their family members from traveling to certain areas of Israel and the Israeli-occupied West Bank, the State Department said.
Yahoo
12-06-2025
- Business
- Yahoo
Trump to attend AI and energy summit in Pittsburgh
By Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump and executives from the tech and energy sectors will appear at an artificial intelligence and energy summit in Pittsburgh, Pennsylvania, on July 15, the office of the state's U.S. Senator Dave McCormick said on Thursday. McCormick's inaugural Pennsylvania Energy and Innovation Summit will be held at Carnegie Mellon University, his office said in a statement. Axios reported that tech executives like OpenAI CEO Sam Altman, Meta Platforms CEO Mark Zuckerberg, Microsoft CEO Satya Nadella and Alphabet CEO Sundar Pichai were on the summit's guest list. Exxon Mobil CEO Darren Woods, Shell CEO Wael Sawan and Chevron CEO Mike Wirth were also on that list, according to Axios. White House AI czar David Sacks, who is also expected to attend the summit, expressed concern earlier this week that regulating U.S. AI too tightly could stifle growth and cede the critical market to China. The comments indicated the Republican president's approach to AI could be centered on expanding markets abroad for U.S. AI chips and models. Democratic former President Joe Biden had emphasized policies that countered risks the chips could be diverted to China and used to bolster Beijing's military. A group of 40 state attorneys general, including Republicans from Ohio, Tennessee, Arkansas, Utah and Virginia and other states, have pushed back against Republican attempts to block states from regulating AI, saying states should develop and enforce common-sense regulation to protect consumers.
