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Surging computing costs could keep the maker of ChatGPT scrambling for fresh cash, a bank research report has estimated OpenAI, the owner of ChatGPT, may need to raise more than $200 billion by 2030 in order to continue operating, according to HSBC research cited by several media outlets.  The company needs the funding to continue expansion as computing costs climb amid an accelerating and increasingly frantic global AI race. HSBC’s updated research model, distributed to clients this week, follows OpenAI’s recent long-term cloud and compute agreements with Microsoft, Amazon, and Oracle. Even under the bank’s upbeat growth assumptions, the model still leaves OpenAI with a funding gap of about $207 billion by the end of the decade, with revenues expected to reach $129 billion. HSBC reportedly estimated that OpenAI’s cloud rental bill could run to roughly $800 billion in total by 2030. It is still projecting explosive user growth, saying ChatGPT could climb to 3 billion regular us...

The former president lashes out after being pressed on why he blames the Biden administration for the deadly incident near the White House. WASHINGTON, D.C. — Former President Donald Trump erupted in anger at a reporter on Wednesday after she questioned why he was holding the Biden administration responsible for a fatal shooting near the White House that left one National Guard member dead and another critically injured. When asked to clarify his accusation, Trump snapped back sharply: “Because they let him in. Are you a stupid person? Are you stupid?” He claimed that the suspect, Rahmanullah Lakanwal , 29, entered the United States in 2021 through a program launched by President Joe Biden following the withdrawal from Afghanistan . Trump argued that the administration had allowed “ thousands of people without proper security vetting ” to enter the country, calling the process “ flawed ” and “ irresponsible .” He again slammed Biden’s Afghanistan pullout, describing it as “ c...