OpenAI reveals plans to transition into a ‘for-profit company’
1 week, 5 days ago

OpenAI reveals plans to transition into a ‘for-profit company’

Hindustan Times  

ChatGPT-maker OpenAI laid out plans Friday for a new corporate structure shifting away from control by a non-profit -- an issue of contention for the artificial intelligence trailblazer. OpenAI logo is seen in this illustration taken May 20, 2024 OpenAI was founded as a non-profit in 2015 and has since switched to a "capped" for-profit enterprise allowing for a limited level of money making. In a blog post, the company said it plans to restructure as a PBC, which "requires the company to balance shareholder interests, stakeholder interests, and a public benefit interest in its decision making." "Investors want to back us but, at this scale of capital, need conventional equity and less structural bespokeness," OpenAI said.

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History of this topic

Sam Altman says OpenAI is losing money because of ChatGPT Pro subscription
2 days, 8 hours ago

Sam Altman says OpenAI is losing money because of ChatGPT Pro subscription

India Today  

OpenAI CEO Sam Altman recently made a surprising revelation on X about the company’s financial challenges with its ChatGPT Pro subscriptions. People use it much more than we expected.” The Pro subscription for ChatGPT, which offers access to the advanced GPT-4 model, has gained significant traction globally, including in India. While the Pro subscription was designed to offset the high …

OpenAI outlines new for-profit structure to stay ahead in costly AI race
1 week, 5 days ago

OpenAI outlines new for-profit structure to stay ahead in costly AI race

The Hindu  

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation that would make it easier to raise capital and remove the restrictions imposed on the startup by its current nonprofit parent. "The key to the announcement is that the for-profit side of OpenAI 'will run and control OpenAI's operations and business,'" DA Davidson …

OpenAI proposes public benefit corporation model to drive AI development
1 week, 5 days ago

OpenAI proposes public benefit corporation model to drive AI development

Live Mint  

OpenAI, the artificial intelligence powerhouse founded in 2015 as a research-focused nonprofit, is exploring a significant organisational shift that could establish a more conventional revenue-generating corporation alongside its nonprofit foundation. In a blog post on Friday, the company’s board revealed it is evaluating a proposal to convert its business operations into a Delaware Public Benefit Corporation. Originally founded to ensure …

OpenAI fires back at Elon Musk's for-profit lawsuit, claims he wanted to have a for-profit component
3 weeks, 2 days ago

OpenAI fires back at Elon Musk's for-profit lawsuit, claims he wanted to have a for-profit component

Firstpost  

Elon Musk’s lawsuit seeks to block OpenAI and its CEO Sam Altman from shifting the organisation, currently overseen by a nonprofit, into a more conventional corporate structure. However, Musk was pushing for a for-profit structure in which he held majority control and equity At the core of OpenAI’s rebuttal are emails exchanged between Musk, Sam Altman, and other OpenAI co-founders …

After Elon Musk, now Meta is trying to block OpenAI from switching to a for-profit model
3 weeks, 3 days ago

After Elon Musk, now Meta is trying to block OpenAI from switching to a for-profit model

Firstpost  

Meta accuses OpenAI of leveraging its nonprofit beginnings to attract substantial investment, only to now seek private gain. Meta contends that OpenAI’s conversion would allow it to unfairly reap benefits built on a charitable foundation The battle over OpenAI’s status highlights a broader debate about the balance between innovation and ethical responsibility in the AI industry. Critics like Meta and …

OpenAI fires back at Elon Musk bid to block for-profit conversion
3 weeks, 5 days ago

OpenAI fires back at Elon Musk bid to block for-profit conversion

The Hindu  

OpenAI asked a federal judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT maker’s conversion to a for-profit company. Musk sued OpenAI, its CEO Sam Altman and others in August, claiming they violated contract provisions by putting profits ahead of the public good in the push to advance AI. Musk has since …

Meta urges California attorney general to stop OpenAI from becoming for-profit: Report
3 weeks, 5 days ago

Meta urges California attorney general to stop OpenAI from becoming for-profit: Report

The Hindu  

Meta Platforms is urging California's attorney general to block OpenAI's planned conversion to a for-profit company, the Wall Street Journal reported on Friday. In a letter to Attorney General Rob Bonta dated Thursday, Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they …

Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO
3 weeks, 5 days ago

Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO

Live Mint  

San Francisco-based OpenAI has added a new twist to its ongoing controversy with Elon Musk by releasing a list of emails on its website claiming that the Tesla CEO wanted a for-profit structure for the startup. OpenAI shared documents showing that Elon Musk instructed his wealth manager, Jared Birchall, to register a company called "Open Artificial Intelligence Technologies, Inc.", which …

Musk-OpenAI battle: ChatGPT maker hits back at co-founder’s 'love' for nonprofit structure
3 weeks, 5 days ago

Musk-OpenAI battle: ChatGPT maker hits back at co-founder’s 'love' for nonprofit structure

New Indian Express  

Sam Altman-led artificial intelligence research startup and ChatGPT maker OpenAI on Friday responded to Elon Musk's legal action against it, accusing him of trying to create a for-profit version of the company in 2017. A Friday blog post by OpenAI countered Musk's argument revealing that the he had proposed a for-profit structure for the startup but walked away when he …

OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'
3 weeks, 5 days ago

OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “OpenAI and Microsoft together exploiting Musk’s donations so …

OpenAI CFO sees Donald Trump as AI president
4 weeks, 1 day ago

OpenAI CFO sees Donald Trump as AI president

Deccan Chronicle  

New York: President-elect Donald Trump could be the "president of this AI generation" as he will take office at a time when critical infrastructure to developing artificial general intelligence is built out, OpenAI Chief Financial Officer Sarah Friar said. Friar, in response to questions from Reuters Editor-in-Chief Alessandra Galloni during an interview at the Reuters NEXT conference in New York, …

OpenAI CFO Friar says she trusts Musk to prior
4 weeks, 1 day ago

OpenAI CFO Friar says she trusts Musk to prior

Live Mint  

By Krystal Hu NEW YORK - OpenAI's Chief Financial Officer Sarah Friar played down on Tuesday public threats to the ChatGPT maker from Elon Musk, one of President-elect Donald Trump’s closest advisors. Friar, in response to questions from Reuters Editor-in-Chief Alessandra Galloni during an interview at the Reuters NEXT conference in New York, said about Musk's threats: "We trust him.as …

OpenAI expands in Europe with Zurich office
1 month 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 …

Elon Musk asks US court to block OpenAI's for-profit conversion, alleges anticompetitive practices
Trending News
1 month, 1 week ago

Elon Musk asks US court to block OpenAI's for-profit conversion, alleges anticompetitive practices

Firstpost  

Musk’s latest motion accuses OpenAI and Microsoft of several antitrust violations, including allegedly discouraging investors from supporting rival companies like his own xAI. Image Credit: Reuters, Reuters Elon Musk’s legal battle with OpenAI and Microsoft has taken another dramatic turn, as his attorneys filed for an injunction on Friday, accusing both companies of engaging in anticompetitive practices. Allegations of anti-competitive …

Elon Musk takes Sam Altman's OpenAI to court over for-profit transformation
1 month, 1 week ago

Elon Musk takes Sam Altman's OpenAI to court over for-profit transformation

India Today  

Elon Musk has filed a legal injunction in a California court to stop OpenAI from transitioning to a for-profit model. Musk, who co-founded OpenAI but left in 2018 over disagreements with its leadership, accused Open AI of unfair practices that harm competitors, including his own AI company, xAI. KEY ALLEGATIONS AGAINST OPENAI The lawsuit has named OpenAI, its CEO Sam …

Elon Musk asks US court to block OpenAi's for-profit conversion
1 month, 1 week ago

Elon Musk asks US court to block OpenAi's for-profit conversion

Deccan Chronicle  

WASHINGTON: Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit enterprise, CNBC reported Saturday. The move is the latest development in a business feud between OpenAI and Musk, who co-founded the group in 2015 but has since left. Musk has alleged that OpenAI bars its investors from making investments in rivals -- …

Elon Musk challenges OpenAI’s change to for-profit entity
1 month, 1 week ago

Elon Musk challenges OpenAI’s change to for-profit entity

Hindustan Times  

Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit enterprise, CNBC reported Saturday. The move is the latest development in a business feud between OpenAI and Musk, who co-founded the group in 2015 but has since left. Musk has alleged that OpenAI bars its investors from making investments in rivals -- which …

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report
1 month, 1 week 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
1 month, 1 week 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 …

OpenAI in talks with California to become for-profit company: Report
2 months 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 in Talks With California to Become For-Profit Company
2 months ago

OpenAI in Talks With California to Become For-Profit Company

Live Mint  

-- OpenAI is advancing in its bid to transform the non-profit structure of the $157 billion company into a for-profit business by having preliminary discussions with regulators. “While our work remains ongoing as we continue to consult independent financial and legal advisors, any potential restructuring would ensure the nonprofit continues to exist and thrive, and receives full value for its …

OpenAI just secured a ton of new cash. Now it needs to wow us
3 months 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
3 months, 1 week 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 looks to shift away from nonprofit roots and convert itself to for-profit company
3 months, 1 week ago

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates …

OpenAI CTO Mira Murati, Chief Research Officer Bob McGrew, and VP Research Barret Zoph to leave ChatGPT-maker
3 months, 2 weeks ago

OpenAI CTO Mira Murati, Chief Research Officer Bob McGrew, and VP Research Barret Zoph to leave ChatGPT-maker

The Hindu  

OpenAI’s Chief Technology Officer Mira Murati, Chief Research Officer Bob McGrew, and VP Research Barret Zoph will be leaving the ChatGPT-maker, confirmed CEO Sam Altman on X as he shared a longer note about the string of departures and the company’s future. I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a …

OpenAI is reportedly changing its non-profit structure for IPO next year, eyes $150 bn valuation
3 months, 3 weeks 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 Says ChatGPT Now Has 200 Million Weekly Active Users
4 months 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 …

Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’
5 months ago

Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’

The Hindu  

Elon Musk filed a lawsuit on Monday against OpenAI and two of its founders, Sam Altman and Greg Brockman, renewing claims that the ChatGPT-maker betrayed its founding aims of benefiting the public good rather than pursuing profits. The lawsuit, filed in a Northern California federal court, called Musk's case a “textbook tale of altruism versus greed.” Mr. Altman and others …

OpenAI ties up with TIME for a multi-year content deal to train ChatGPT
6 months, 1 week ago

OpenAI ties up with TIME for a multi-year content deal to train ChatGPT

India Today  

After News Corp, OpenAI announced another partnership to train its chatbot model, ChatGPT. On Thursday, the companies announced a multi-year content deal that will allow OpenAI to access current and achieved articles from over 100 years of Time's past work. He stated in the release, "This partnership with OpenAI advances our mission to expand access to trusted information globally as …

OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say
6 months, 2 weeks 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 …

OpenAI doubles annualised revenue to $3.4 billion, says report
6 months, 3 weeks 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 Hires Former Nextdoor Boss as CFO, Taps New Product Chief
6 months, 4 weeks ago

OpenAI Hires Former Nextdoor Boss as CFO, Taps New Product Chief

Live Mint  

-- OpenAI has hired Sarah Friar, the former chief executive of neighborhood social networking service Nextdoor Holdings Inc., to serve as its chief financial officer, a role that has gone unfilled at the fast-growing artificial intelligence startup for two years. OpenAI has also begun training a more powerful AI model that could help it stay ahead of a growing number …

OpenAI, Reddit teaming in deal that will bring Reddit’s content to ChatGPT
7 months, 3 weeks ago

OpenAI, Reddit teaming in deal that will bring Reddit’s content to ChatGPT

Associated Press  

OpenAI and Reddit are teaming up in a deal that will bring the social media platform’s content to ChatGPT. Reddit said in a blog post that the agreement will give OpenAI access to its data application programming interface, which provides real-time, structured, and unique content from the platform. “Reddit has become one of the internet’s largest open archives of authentic, …

OpenAI co-founder Ilya Sutskever announces departure from ChatGPT maker
7 months, 3 weeks ago

OpenAI co-founder Ilya Sutskever announces departure from ChatGPT maker

Associated Press  

SAN FRANCISCO — OpenAI co-founder Ilya Sutskever, one of the original creators of the artificial intelligence technology behind ChatGPT, said Tuesday he is leaving the company after a nearly decade. Sutskever was one of four board members last fall who voted to push out CEO Sam Altman from the company — only to quickly reinstate him. Altman, meanwhile, wrote that …

OpenAI’s legal battles are not putting off customers—yet
10 months ago

OpenAI’s legal battles are not putting off customers—yet

Hindustan Times  

On February 29th Elon Musk added yet another problem to their list by suing the maker of ChatGPT, a wildly popular artificial intelligence chatbot, for breach of contract. OpenAI’s problems started in November, when the board ousted Sam Altman, its boss, and Greg Brockman, a co-founder, alleging that Mr Altman had not been “consistently candid in his communications”. In December …

Vantage | Why is OpenAI battling out with Elon Musk?
10 months ago

Vantage | Why is OpenAI battling out with Elon Musk?

Firstpost  

Musk could be hoping his lawsuit helps his new company. If OpenAI is forced to become open-source, he can use its technology to boost his own, for-profit company A fight has begun between the world’s second richest man, Elon Musk, and a company he helped found, OpenAI. Some may agree with Musk’s view that, since he was OpenAI’s biggest donor, …

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

OpenAI says Musk agreed the ChatGPT maker should become a for-profit company
10 months ago

OpenAI says Musk agreed the ChatGPT maker should become a for-profit company

Associated Press  

Elon Musk supported making OpenAI a for-profit company, the ChatGPT maker said, attacking a lawsuit from the wealthy investor who has accused the artificial intelligence business of betraying its founding goal to benefit humanity as it pursued profits instead. “The mission of OpenAI is to ensure AGI benefits all of humanity, which means both building safe and beneficial AGI and …

OpenAI Disputes Elon Musk's Allegations, Claims The Billionaire Sought Role Of CEO
10 months ago

OpenAI Disputes Elon Musk's Allegations, Claims The Billionaire Sought Role Of CEO

ABP News  

OpenAI, the Sam Altman-led organisation behind ChatGPT, has strongly refuted allegations made by Elon Musk, co-founder of the startup, claiming a deviation from its original mission. We’re sharing some facts about our relationship with Elon, and we intend to move to dismiss all of his claims.https://t.co/npC4P5pJE7 — OpenAI March 6, 2024 According to OpenAI's statement, Musk's lawsuit alleges a breach …

Why did Elon Musk sue ChatGPT maker? Top OpenAI exec says Musk regrets…
10 months ago

Why did Elon Musk sue ChatGPT maker? Top OpenAI exec says Musk regrets…

Live Mint  

OpenAI's chief strategy officer Jason Kwon has hit back at Elon Musk's claims that the San Francisco-based startup has strayed from its original goal of a public, open-source AI and has become a de facto subsidiary of Microsoft. Elon Musk has accused OpenAI of breach of contract, breach of fiduciary duty and unfair business practices, claiming that the AI company …

Elon Musk sues OpenAI and CEO Sam Altman for abandoning original mission to 'benefit humanity' and instead making too much money - case could last for last for years and allow Google and Apple to catc
10 months, 1 week ago

Elon Musk sues OpenAI and CEO Sam Altman for abandoning original mission to 'benefit humanity' and instead making too much money - case could last for last for years and allow Google and Apple to catc

Daily Mail  

Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker's founding aims of benefiting humanity rather than pursuing profits. In a bombshell lawsuit filed at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI's creation, he secured an agreement with Altman and Greg Brockman, the president, …

Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to benefit humanity
10 months, 1 week ago

Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to benefit humanity

Associated Press  

Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits. In a lawsuit filed at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI’s creation, he secured an agreement with Altman and Greg Brockman, the president, to …

OpenAI to name new board members in March: Report
10 months, 1 week ago

OpenAI to name new board members in March: Report

The Hindu  

ChatGPT-maker OpenAI is planning to appoint several new board members in March, the Washington Post reported on Thursday, citing a person familiar with the matter. The move would finally end an impasse which began after the Microsoft-backed company's former board fired CEO Sam Altman in November. However, Altman returned just days later, with OpenAI also unveiling a new initial board …

Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of goal to benefit humanity
10 months, 1 week ago

Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of goal to benefit humanity

LA Times  

Elon Musk is suing OpenAI and its chief executive, Sam Altman, over what he says is a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits. In a lawsuit filed at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI’s creation, he secured an agreement with Altman and Greg Brockman, the president, …

Microsoft-backed OpenAI secures $80 billion valuation
10 months, 3 weeks 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 is already close to $2 bn in revenue as growth skyrockets, had managed $1 bn last year
10 months, 4 weeks 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 …

Microsoft CEO defends OpenAI partnership after EU, UK probes
11 months, 3 weeks ago

Microsoft CEO defends OpenAI partnership after EU, UK probes

New Indian Express  

Microsoft CEO Satya Nadella on Tuesday defended his company's multi-billion-dollar investment in ChatGPT developer OpenAI after the EU and Britain launched probes into whether it resembles a merger. "If we want competition in AI against some of the players who are completely already integrated, I think partnerships is one avenue of, in fact, having competition," Nadella said. Microsoft has poured …

"Impossible": OpenAI admits ChatGPT can't exist without pinching copyrighted work
1 year ago

"Impossible": OpenAI admits ChatGPT can't exist without pinching copyrighted work

Salon  

Artificial intelligence company OpenAI — currently valued at a minimum $80 billion — told the British Parliament on Monday that its content-generating ChatGPT product would be impossible to create without the company's use of human-created copyrighted work for free. As reported by the Telegraph, the company's remarks were submitted to a House of Lords subcommittee which is weighing possible changes …

OpenAI in Talks to Raise New Funding, Could Be Valued at $100 Billion
1 year ago

OpenAI in Talks to Raise New Funding, Could Be Valued at $100 Billion

News 18  

– OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter. OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report. It is unclear if the chip …

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