OpenAI is already close to $2 bn in revenue as growth skyrockets, had managed $1 bn last year
10 months, 1 week ago

OpenAI is already close to $2 bn in revenue as growth skyrockets, had managed $1 bn last year

Firstpost  

OpenAI has achieved a remarkable milestone, with its annualised revenues crossing the $2 billion mark, driven primarily by the widespread adoption of its leading artificial intelligence product, ChatGPT. This exponential growth trajectory positions OpenAI alongside esteemed Silicon Valley counterparts like Google and Meta, achieving revenues of $1 billion within a decade of its inception. Despite internal disruptions in November, including the temporary ousting and subsequent reinstatement of CEO Sam Altman, OpenAI has continued to capitalize on the AI boom ignited by the launch of ChatGPT in November 2022. Altman revealed that as of November last year, a staggering 92 per cent of Fortune 500 companies were leveraging OpenAI’s suite of products, with ChatGPT boasting 100 million weekly users. Microsoft’s AI Copilot, powered by OpenAI’s models, is gaining traction among enterprise users of Microsoft 365, with over 18,000 customers purchasing OpenAI software through the Azure platform.

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History of this topic

OpenAI's next flagship model is running late, researchers blame low quality data
17 hours, 52 minutes ago

OpenAI's next flagship model is running late, researchers blame low quality data

India Today  

OpenAI’s highly anticipated GPT 5 model, which was expected to push the boundaries of artificial intelligence, is reportedly behind schedule and incurring significant development costs. The delay in GPT 5’s release has sparked speculation across the tech industry, given OpenAI’s track record of timely launches for its language models. The Wall Street Journal highlights that OpenAI’s goals for GPT 5 …

Google lobbying FTC to break up Microsoft & OpenAI's cloud deal
1 week, 4 days ago

Google lobbying FTC to break up Microsoft & OpenAI's cloud deal

Firstpost  

Google argues that Microsoft’s exclusive position as the cloud provider for OpenAI’s popular models, such as ChatGPT, could unfairly limit market competition and lead to higher costs for businesses looking to access OpenAI’s technology The core issue raised by Google is that businesses using OpenAI’s services are being pushed toward Microsoft’s Azure cloud servers, with the potential for added costs …

OpenAI launches ChatGPT Pro with o1 pro mode for $200 per month
2 weeks, 2 days ago

OpenAI launches ChatGPT Pro with o1 pro mode for $200 per month

Deccan Chronicle  

OpenAI has launched a powerful version of chatbot called the ChatGPT Pro and it is priced at $200 per month. “ChatGPT Pro provides a way for researchers, engineers, and other individuals who use research-grade intelligence daily to accelerate their productivity and be at the cutting edge of advancements in AI,” said OpenAI. The plan also includes access to o1 pro …

OpenAI enters Silicon Valley’s hot new business: War
2 weeks, 4 days ago

OpenAI enters Silicon Valley’s hot new business: War

Live Mint  

OpenAI, the artificial intelligence company behind ChatGPT, is getting into the business of war. The world’s most valuable AI company has agreed to work with Anduril Industries, a leading defense-tech startup, to add its technology to systems the U.S. military uses to counter drone attacks. The alliance between Anduril and OpenAI might also help buffer the AI company’s CEO, Sam …

OpenAI expands in Europe with Zurich office
2 weeks, 5 days ago

OpenAI expands in Europe with Zurich office

Live Mint  

OpenAI said it would set up a new office in Zurich, Switzerland, as part of efforts from the ChatGPT maker to bolster its presence in Europe as the continent emerges as a key battleground for regulating artificial intelligence. Microsoft, which invested $13.75 billion in OpenAI since 2019, including its share of the startup’s latest $6.6 billion fundraise, has a presence …

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership
3 weeks, 2 days ago

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership

Firstpost  

“If you get to that threshold, you’re competing with Google and Facebook,” a venture capital investor said OpenAI is aiming to reach 1 billion users by 2025 as it rolls out new artificial intelligence products, builds its own data centres, and strengthens its partnership with Apple. The San Francisco-based company, known for its ChatGPT chatbot with 250 million weekly active …

Elon Musk plans to launch a new chatbot to take on OpenAI: Report
3 weeks, 4 days ago

Elon Musk plans to launch a new chatbot to take on OpenAI: Report

Hindustan Times  

Elon Musk is planning to launch a new chatbot to further scale his artificial intelligence startup xAI and take on OpenAI which he also had co-founded, but left in 2018 due to a power struggle. This comes as a by-product of Musk pushing contractors to build Colossus, a massive new data centre in Memphis, Tennessee, in just 122 days with …

Amazon develops video AI model: Report
3 weeks, 4 days ago

Amazon develops video AI model: Report

The Hindu  

E-commerce giant Amazon has developed new generative artificial intelligence that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday. The development of the new AI model will help Amazon reduce its reliance on Anthropic's Claude chatbot, a popular offering on Amazon Web Services, the report said, citing …

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report
3 weeks, 5 days ago

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report

Live Mint  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which …

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report
3 weeks, 5 days ago

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report

Hindustan Times  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. OpenAI logo is seen in this illustration taken on February 3 SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup …

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal
Trending News
1 month ago

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal

Live Mint  

Amazon is set to invest a further $4 billion in Anthropic, a San Francisco-based artificial intelligence startup, as major technology firms continue to vie for dominance in the generative AI sector. Under the agreement, Anthropic will designate Amazon Web Services as its principal training partner for developing its foundational AI models—highly advanced systems that power general-purpose AI applications such as …

ChatGPT, Open AI's chatbot, back up after brief outage affects thousands
1 month, 2 weeks ago

ChatGPT, Open AI's chatbot, back up after brief outage affects thousands

India Today  

Microsoft-backed OpenAI's popular chatbot ChatGPT was back up after an outage affected thousands of users, the company said on Friday. Access was restored to most users by 4:34 pm PT, OpenAI said, adding that a small number of customers faced issues until 5 pm. OpenAI CEO Sam Altman posted on X that ChatGPT had been down for 30 minutes, adding …

OpenAI in talks with California to become for-profit company: Report
1 month, 2 weeks ago

OpenAI in talks with California to become for-profit company: Report

The Hindu  

Sam Altman-led OpenAI is in early talks with the California attorney general's office to change its corporate structure in a bid to become a for-profit business, Bloomberg News reported on Monday, citing two people familiar with the matter. A shift to being a for-profit company would mark a drastic reversal in governance structure for the AI pioneer, which was founded …

OpenAI’s GPT Store Has Left Some Developers in the Lurch
2 months, 1 week ago

OpenAI’s GPT Store Has Left Some Developers in the Lurch

Wired  

When OpenAI launched its platform for custom GPTs, Josh Brent Villocido was stoked to learn that one of his creations would be featured. The ascendant AI company announced at its November 2023 developer day that it would launch a store that would host GPTs, custom skins that run on top of its proprietary ChatGPT technology. “Revenue sharing is important to …

OpenAI just secured a ton of new cash. Now it needs to wow us
2 months, 2 weeks ago

OpenAI just secured a ton of new cash. Now it needs to wow us

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. Here’s the deal: OpenAI, the company behind ChatGPT, just announced a $6.6 billion private funding round — the biggest in Silicon Valley history — that gives the young company a valuation of $157 billion, despite a decidedly unclear path to profitability. The list of OpenAI’s latest investors reportedly includes …

OpenAI raises $6.6 billion in funds at $157-billion valuation
2 months, 3 weeks ago

OpenAI raises $6.6 billion in funds at $157-billion valuation

LA Times  

OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157-billion valuation and bolstering its efforts to build the world’s leading generative AI technology. Microsoft Corp., OpenAI’s largest backer, put in about $750 million, on top of the $13 billion it had already invested in the startup, according to a person familiar …

OpenAI is reportedly changing its non-profit structure for IPO next year, eyes $150 bn valuation
3 months, 1 week ago

OpenAI is reportedly changing its non-profit structure for IPO next year, eyes $150 bn valuation

Firstpost  

OpenAI’s journey began in 2015 as a non-profit organisation, funded by donations that totalled around $130.5 million. OpenAI is expected to raise a new round of financing through convertible notes, with its valuation potentially reaching $150 billion In recent years, OpenAI’s revenue has experienced strong growth, with reports suggesting that it doubled its annualised revenue in the first half of …

OpenAI Announces a New AI Model, Code-Named Strawberry, That Solves Difficult Problems Step by Step
3 months, 1 week ago

OpenAI Announces a New AI Model, Code-Named Strawberry, That Solves Difficult Problems Step by Step

Wired  

OpenAI made the last big breakthrough in artificial intelligence by increasing the size of its models to dizzying proportions, when it introduced GPT-4 last year. The company today announced a new advance that signals a shift in approach—a model that can “reason” logically through many difficult problems and is significantly smarter than existing AI without a major scale-up. The new …

OpenAI Says ChatGPT Now Has 200 Million Weekly Active Users
3 months, 2 weeks ago

OpenAI Says ChatGPT Now Has 200 Million Weekly Active Users

News 18  

– AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022, can generate human-like responses based on user prompts and had 100 million weekly active users, OpenAI CEO Sam Altman had said in November. OpenAI said 92% of …

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff
3 months, 3 weeks ago

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff

The Hindu  

Apple, Nvidia expected to join OpenAI funding Apple and Nvidia are in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, according to media reports on Thursday. OpenAI has become increasingly important to Apple’s artificial intelligence strategy, with the iPhone maker bringing the AI firm’s chatbot, ChatGPT, to …

OpenAI signs content deal with Condé Nast
4 months ago

OpenAI signs content deal with Condé Nast

The Hindu  

Sam Altman-led OpenAI on Tuesday announced a multi-year partnership with Condé Nast to display content from its brands such as the Vogue and the New Yorker within the AI startup's products, including ChatGPT and SearchGPT prototype. The Microsoft-backed firm has signed similar deals with the Time magazine, Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain's Prisa Media …

OpenAI sought Intel's investment 7 years ago but this decision changed AI race
4 months, 2 weeks ago

OpenAI sought Intel's investment 7 years ago but this decision changed AI race

Hindustan Times  

For US chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} About seven years ago, the company had the chance to buy a stake in OpenAI, then a fledgling non-profit research organization working in a little-known field called generative artificial …

US firm's AI tech ban set to inspire homegrown innovation
4 months, 4 weeks ago

US firm's AI tech ban set to inspire homegrown innovation

China Daily  

SHI YU/CHINA DAILY US-based research company OpenAI's recent move to block access in China and other countries to the technology used to build artificial intelligence products is likely to backfire and boost development of the domestic industry, experts said. Luring new users In response to OpenAI's announcement, a slew of Chinese technology companies are scrambling to lure OpenAI users to …

US firm's AI tech ban set to inspire homegrown innovation
4 months, 4 weeks ago

US firm's AI tech ban set to inspire homegrown innovation

China Daily  

SHI YU/CHINA DAILY US-based research company OpenAI's recent move to block access in China and other countries to the technology used to build artificial intelligence products is likely to backfire and boost development of the domestic industry, experts said. Luring new users In response to OpenAI's announcement, a slew of Chinese technology companies are scrambling to lure OpenAI users to …

OpenAI holds talks with Broadcom about developing new AI chip, the Information reports
5 months ago

OpenAI holds talks with Broadcom about developing new AI chip, the Information reports

The Hindu  

ChatGPT maker OpenAI is in discussion with chip designers, including Broadcom, about developing a new artificial intelligence chip, the Information reported on Thursday, citing people familiar with the matter. The Microsoft-backed company is hiring former Google employees who produced the online search giant's own AI chip, the tensor processing unit, and has decided to develop an AI server chip, the …

OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say
6 months ago

OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say

The Hindu  

Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT maker said on Friday. Backed by Greylock, Sequoia and Hewlett Packard Enterprise's venture capital arm, Rockset said last year it had raised $105 million in total funding. Wy its important Rockset said its team will join OpenAI and the technology …

AI Is Coming for Big Tech Jobs—but Not in the Way You Think
6 months ago

AI Is Coming for Big Tech Jobs—but Not in the Way You Think

Wired  

Aaron Damigos’ inbox was hit with a dreaded, ubiquitous business-update calendar invite on June 3. An email to employees from Jason Zander, executive vice president of strategic missions and technologies at Microsoft, leaked to Business Insider, blamed a pivot to invest in artificial intelligence: “Our clear focus as a company is to define the AI wave and empower all our …

OpenAI doubles annualised revenue to $3.4 billion, says report
6 months, 1 week ago

OpenAI doubles annualised revenue to $3.4 billion, says report

Live Mint  

OpenAI is on pace for $3.4 billion of annual revenue, Chief Executive Officer Sam Altman told the company’s staff, according to a person familiar with the matter. In an all-hands meeting Wednesday, Altman said the vast majority of that revenue — about $3.2 billion — comes from OpenAI’s products and services, according to the person, who spoke on condition of …

OpenAI unveils GPT-4o, a faster, more efficient and smarter AI platform: All you need to know
7 months, 1 week ago

OpenAI unveils GPT-4o, a faster, more efficient and smarter AI platform: All you need to know

Live Mint  

OpenAI, a pioneer in artificial intelligence research, has officially launched GPT-4o, marking a significant leap forward in AI capabilities. The latest iteration of their renowned AI model promises enhanced speed, efficiency, and integration, poised to revolutionize user experiences across text, vision, and audio formats. This development underscores OpenAI's dedication to advancing AI technology and delivering cutting-edge solutions to meet evolving …

OpenAI To Launch Search Rival? Here’s What Sam Altman Has To Say On His Plans
7 months, 1 week ago

OpenAI To Launch Search Rival? Here’s What Sam Altman Has To Say On His Plans

News 18  

OpenAI has been widely speculated to enter the search engine segment with the help of its AI-powered search this month. The company has even confirmed its virtual briefing for May 13 where we will see new ChatGPT and GPT-4 products and may be the search engine. not gpt-5, not a search engine, but we’ve been hard at work on some …

OpenAI plans new AI-powered search engine to take on Google
7 months, 1 week ago

OpenAI plans new AI-powered search engine to take on Google

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Bloomberg and the Information have reported that Microsoft-backed OpenAI is working on a search product to potentially …

OpenAI is trying to poach as many Google employees as possible. Here's why
7 months, 2 weeks ago

OpenAI is trying to poach as many Google employees as possible. Here's why

Hindustan Times  

OpenAI is reportedly going after many Google employees. This comes after it was earlier reported that OpenAI was developing a web search feature that could put the company into more direct competition with Google Search. The new tool will likely rely on Microsoft's Bing search engine and will function as a feature for ChatGPT that can browse the web and …

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
7 months, 3 weeks ago

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia

Associated Press  

JAKARTA, Indonesia — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday. A study held by Kearney, a global consulting firm, said that AI could contribute nearly $1 trillion to Southeast …

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
7 months, 3 weeks ago

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products

Associated Press  

Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive. Quarterly revenue from Microsoft’s cloud computing business segment grew to $26.7 billion, up 21% from last year’s January-March quarter. Gartner analyst Jason Wong said many of Microsoft’s customers have …

Crystal ball review: AI has evolved only partly as predicted a quarter ago
8 months, 1 week ago

Crystal ball review: AI has evolved only partly as predicted a quarter ago

Live Mint  

Even as humanity frets about all the jobs AI will impact, one profession clearly under threat is that of predicting the future. With the year’s first frenzied quarter having drawn to a close, here it is: Tech wars would rage: The AI race would accelerate, I said, with the Microsoft-OpenAI alliance in fierce contest with a resurgent Google. AI will …

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan
8 months, 1 week ago

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan

Live Mint  

-- Microsoft Corp. will invest $2.9 billion over the next two years to boost its hyperscale cloud computing and artificial intelligence infrastructure in Japan, marking its biggest investment in the country. The announcement was made on Tuesday in Washington after Microsoft President Brad Smith met Japanese Prime Minister Fumio Kishida, who is in the US for the first official visit …

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’
8 months, 2 weeks ago

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’

Hindustan Times  

Google CEO Sundar Pichai said that in the fourth quarter of 2023 Google Cloud was at a $36 billion annual revenue run rate. At the Google Cloud Next event, Sundar Pichai said that Google Cloud is showing progress owing to deep investments that the company has made in Artificial Intelligence. Google and Alphabet Inc. CEO Sundar Pichai talked about the …

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan
8 months, 2 weeks ago

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan

Hindustan Times  

Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence. Microsoft's Azure, Alphabet-unit Google Cloud and Amazon Web Services are the top three cloud computing companies in the world. Server …

Microsoft and OpenAI are planning to build $100 billion supercomputer to power AI: Where will it be located?
8 months, 3 weeks ago

Microsoft and OpenAI are planning to build $100 billion supercomputer to power AI: Where will it be located?

Hindustan Times  

Microsoft and OpenAI are reportedly planning a supercomputer which will uses millions of specialized server chips and may cost up to $100 billion, The Information reported. Stargate, could launch as soon as 2028, the outlet reported citing people in the know, who also said that executives at both companies have already drawn up plans for the data center project. A …

It’s not just Elon Musk: ChatGPT-maker OpenAI confronting a mountain of legal challenges
9 months, 2 weeks ago

It’s not just Elon Musk: ChatGPT-maker OpenAI confronting a mountain of legal challenges

Associated Press  

After a year of basking in global fame, the San Francisco company OpenAI is now confronting a multitude of challenges that could threaten its position at the vanguard of artificial intelligence research. It’s too early to tell if OpenAI and its attorneys will beat back a barrage of lawsuits from Elon Musk, The New York Times and bestselling novelists such …

Elon Musk sues OpenAI and CEO Sam Altman for putting profits above humanity
9 months, 3 weeks ago

Elon Musk sues OpenAI and CEO Sam Altman for putting profits above humanity

Al Jazeera  

Elon Musk is suing OpenAI and its chief executive Sam Altman, alleging the start-up betrayed its original promise of working to benefit humanity when it forged a multibillion-dollar alliance with Microsoft. The lawsuit filed in San Francisco on Thursday said Altman and OpenAI’s co-founder Greg Brockman had initially pledged to make an open-source, non-profit company, and that its pursuit of …

Today’s Cache | Microsoft partners with OpenAI rival; Meta looks to counter AI abuse in elections; India features in the top five most breached countries
9 months, 3 weeks ago

Today’s Cache | Microsoft partners with OpenAI rival; Meta looks to counter AI abuse in elections; India features in the top five most breached countries

The Hindu  

Microsoft partners with OpenAI rival Microsoft announced an artificial intelligence partnership with the French startup Mistral AI that could lessen the software giant’s reliance on ChatGPT-maker OpenAI for supplying the next wave of chatbots and other generative AI products. Meta looks to counter AI abuse in elections Facebook owner Meta will set up a team to tackle disinformation and the …

Microsoft inks deal with France’s Mistral AI, an OpenAI rival that has its own chatbot
9 months, 3 weeks ago

Microsoft inks deal with France’s Mistral AI, an OpenAI rival that has its own chatbot

Associated Press  

Microsoft announced an artificial intelligence partnership Monday with the French startup Mistral AI that could lessen the software giant’s reliance on ChatGPT-maker OpenAI for supplying the next wave of chatbots and other generative AI products. Mistral AI emerged less than a year ago but is already what Microsoft described Monday as an “innovator and trailblazer” at the vanguard of building …

Microsoft-backed OpenAI secures $80 billion valuation
10 months ago

Microsoft-backed OpenAI secures $80 billion valuation

Hindustan Times  

OpenAI, an artificial intelligence company backed by Microsoft, has secured a deal that values it at more than $80bn, according to the New York Times. The deal involves a tender offer led by Thrive Capital, a venture firm, in which existing shareholders of OpenAI can sell their shares. In early 2023, the company agreed to a similar tender offer from …

OpenAI's Sam Altman to raise ‘trillions of dollars’ to ‘reshape’ semiconductor industry: Report
10 months, 1 week ago

OpenAI's Sam Altman to raise ‘trillions of dollars’ to ‘reshape’ semiconductor industry: Report

Hindustan Times  

OpenAI chief Sam Altman is seeking to raise trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government, the Wall Street Journal reported Thursday. Sam Altman Altman is reportedly looking to resolve some of the biggest challenges faced by the rapidly-expanding artificial intelligence sector -- including a shortage of the …

ChatGPT-Maker OpenAI Said To Be Developing Software That Can Control Devices
10 months, 2 weeks ago

ChatGPT-Maker OpenAI Said To Be Developing Software That Can Control Devices

ABP News  

OpenAI, the Microsoft-backed creator of ChatGPT, is in the development stages of an innovative agent software aimed at automating intricate tasks through device control, as per an individual familiar with the project, as reported by The Information based on source inputs. AltIndex.com data indicates an impressive 65 per cent surge in the GenAI market over the next two years, with …

OpenAI-backed healthcare AI startup raises $70 million Series B funding
10 months, 2 weeks ago

OpenAI-backed healthcare AI startup raises $70 million Series B funding

Hindustan Times  

Artificial intelligence startup Ambience Healthcare said Tuesday it raised $70 million in a Series B funding round to “give every healthcare worker AI superpowers.” Ambience Healthcare’s flagship product, AutoScribe, is a real-time AI medical scribe used to generate medical notes. Ambience Healthcare provides a set of software tools for hospitals and other healthcare organizations, powered by large language models, the …

Microsoft's OpenAI Bet Pays Off, Becomes Second Company After Apple To Cross $3-Trillion Market Value
10 months, 4 weeks ago

Microsoft's OpenAI Bet Pays Off, Becomes Second Company After Apple To Cross $3-Trillion Market Value

ABP News  

In a significant market development on Wednesday, Microsoft achieved a milestone by surpassing the $3 trillion valuation mark for the first time. Microsoft's strategic positioning in the market dominance race within the realm of generative artificial intelligence is notably underscored by its investment in OpenAI, the creator of ChatGPT. This move positions Microsoft as a frontrunner alongside other tech giants …

Vodafone, Microsoft forge $1.5 billion decade-long partnership in AI, IoT sector
11 months, 1 week ago

Vodafone, Microsoft forge $1.5 billion decade-long partnership in AI, IoT sector

Live Mint  

Vodafone Group Plc and Microsoft Corp. entered a ten-year agreement, involving a $1.5 billion investment, to advance various business sectors, including artificial intelligence, digital payments, and the Internet of Things, on January 16. “We are delighted that together with Vodafone, we will apply the latest cloud and AI technology to enhance the customer experience of hundreds of millions of people …

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