Nvidia reportedly plans to invest $30bn in OpenAI’s next funding round

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Nvidia, the world’s most valuable company, is reportedly planning to invest $30bn (£22bn) in OpenAI’s next funding round, after a $100bn deal between the two dissolved earlier this month.The maker of ChatGPT is expected to be valued at $730bn in the funding round, almost twice the valuation of Anthropic, one of its main rivals, which raised $30bn earlier this month.Nvidia’s announcement of a $100bn investment in OpenAI last September drove the chipmaker’s stock to more than $5tn and led to fervent discussion about circular deals between the largest players in artificial intelligence.The investment, which the chipmaker framed as a “letter of intent”, would have involved Nvidia giving OpenAI money to buy and deploy its chips for its AI infrastructure.That all appeared to change earlier this month, when reports surfaced that Nvidia’s intent was never a firm commitment – and OpenAI was looking elsewhere for chips to power its systems.

The news shook markets, which were already febrile over concerns that AI agents would replace jobs and decimate the market for global software companies.In the new arrangement, Nvidia will invest in OpenAI in return for its stock, with no commensurate commitment for OpenAI to buy its chips.OpenAI’s next funding round will reportedly raise about $100bn and involve investments from Amazon, SoftBank and Microsoft, the Financial Times reported.The expected $730bn valuation would put the maker of ChatGPT just behind SpaceX as one of the world’s most valuable privately held companies.However, questions remain over its ability to turn a sustainable profit out of its sky-high investment, especially given that it is burning through cash while losing market share to competitors.

ChatGPT’s market share has declined from 86.7% to 64.5% in the past year, and it is now trailing Anthropic in the market for enterprise software.OpenAI has started to test ads targeted to users of ChatGPT, but it is unclear if this is a clear path to profit – and resulted in Anthropic, its rival, attacking the practice in a series of high-profile advertisements earlier this month.SoftBank, one of OpenAI’s main backers, said on an earnings call last week that “nothing has been decided” on the subject of its anticipated forthcoming investment in OpenAI, although it made billions of dollars last year on its current holdings in the company.

Meanwhile, OpenAI appears to be diversifying beyond Nvidia’s graphics processing units, announcing deals with rival chipmakers including AMD and Broadcom.At least one of those deals also has a question hanging over it, however, after Broadcom’s chief executive, Hock Tan, told investors in December that the company did “not expect much in 2026” over the OpenAI investment.
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UK migrant families face giving up vital in-work benefits to avoid being ‘punished’

Families claiming in-work benefits face giving them up and enduring hardship to avoid being “punished” under a planned government migration crackdown, experts have said.More than 200,000 people living legally in the UK are on the 10-year route to settled status, which requires legal migrants to renew 30-month visas four times – at a cost of £3,908.50 including healthcare costs per renewal – before they can apply for indefinite leave to remain (ILR).Under proposals by the home secretary, Shabana Mahmood, if people have used public funds, even in work, the wait would double to 20 years.The migration charity Ramfel has spoken to families who would be affected by the change and say they would have “no choice” but to stop using public funds – such as child benefit, universal credit, tax credits and disability benefits – if the government proposals go ahead

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‘Very dangerous’: a Mind mental health expert on Google’s AI Overviews

A year-long commission has been launched by Mind to examine AI and mental health after a Guardian investigation exposed how Google’s AI Overviews, which are shown to 2 billion people each month, gave people “very dangerous” mental health advice.Here, Rosie Weatherley, information content manager at the largest mental health charity in England and Wales, describes the risks posed to people by the AI-generated summaries, which appear above search results on the world’s most visited website.“Over three decades, Google designed and delivered a search engine where credible and accessible health content could rise to the top of the results.“Searching online for information wasn’t perfect, but it usually worked well. Users had a good chance of clicking through to a credible health website that answered their query

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Local reporter ‘shocked’ over picture of his face on punchbag at UK town hall

A local newspaper journalist has said he was “shocked” after a picture of his face was printed out and attached to a punchbag at a town hall.Joe McCann, who has worked for the Melksham News for 10 years, was tipped off by a contact that a print-out of his face had been attached to a freestanding punchbag inside the building.As first reported by the Melksham News, McCann raised the issue at a full council meeting on Monday, where councillors “appeared shocked”.“It has recently come to my knowledge that within this council building, there is a punchbag with my face cut out and stuck to it, with the word ‘punch me’ written at the bottom of the punchbag,” McCann told the meeting in the Wiltshire town. “I have a photo of it

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Tech firms must remove ‘revenge porn’ in 48 hours or risk being blocked, says Starmer

Deepfake nudes and “revenge porn” must be removed from the internet within 48 hours or technology firms risk being blocked in the UK, Keir Starmer has said, calling it a “national emergency” that the government must confront.Companies could be fined millions or even blocked altogether if they allow the images to spread or be reposted after victims give notice.Amendments will be made to the crime and policing bill to also regulate AI chatbots such as X’s Grok, which generated nonconsensual images of women in bikinis or in compromising positions until the government threatened action against Elon Musk’s company.Writing for the Guardian, Starmer said: “The burden of tackling abuse must no longer fall on victims. It must fall on perpetrators and on the companies that enable harm

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NHS to spend more to settle lawsuits over negligence during childbirth after court ruling

The NHS will have to spend more money settling lawsuits involving negligence during childbirth after a supreme court ruling that lawyers said puts right a “historic injustice”.The court ruled on Wednesday that children in England who suffer catastrophic injuries while they are being born can claim damages for future earnings they would otherwise have had.The ruling on “lost years damages” means that children whose life expectancy is shortened can recover compensation for being unable to work.It comes amid mounting concern at the rising cost of medical negligence to the NHS in England – its liabilities have hit £60bn – much of which is due to errors made during childbirth.“The supreme court today has put right an historic injustice which set injured children’s rights in negligence cases at a lesser level than those of an adult,” said James Drydale, the lawyer for a girl known only as CCC

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Health support needed to tackle joblessness | Letter

The alarming rise in economic inactivity highlighted in your report (UK sleepwalking into joblessness epidemic, Tesco boss warns, 10 February) underlines a public health issue as much as an economic one. It is increasingly clear that millions of working-age people are drifting out of the labour market not through choice but because of long-term health problems and inadequate support systems around them.Tackling worklessness requires proactive, health-centred approaches that help individuals stay in or return to work. We also know that time out of work is corrosive. Good-quality work improves physical and mental wellbeing, providing income, social connection and purpose, and protects against social exclusion