News

OpenAI hires former Pebble Co-founder Gabor Cselle Sam Altman-run OpenAI has hired Gabor Cselle, former CEO and co-founder of X (formerly Twitter) rival Pebble, to work on a "secret project".  Cselle has been working with OpenAI since October. “Excited to share that I've joined @OpenAI! The talent density here is incredible. Learning a lot already. Will share more about what I'm working on in due time,” he posted on X social media platform. He started working on Pebble, originally called T2, in 2022 wi...
OpenAI hires former Pebble Co-founder Gabor Cselle
OpenAI hires former Pebble Co-founder Gabor Cselle
Source: IANS
2024-11-04 10:52:26 am
OpenAI plans to launch new powerful AI model `Orion` by December ChatGPT maker OpenAI is reportedly planning to launch its next AI model called ‘Orion’ in December this year which is potentially up to 100 times more powerful than GPT-4.  According to a report in The Verge, unlike the release of OpenAI’s last two models — GPT-4o and o1 — Orion won’t initially be released widely through ChatGPT. The report mentioned, citing sources, that the Sam Altman-run AI company is planning to grant access to companies firs...
OpenAI plans to launch new powerful AI model `Orion` by December
OpenAI plans to launch new powerful AI model `Orion` by December
Source: IANS
2024-10-25 02:14:19 pm
OpenAI takes on Google Search, unveils AI-powered SearchGPT ChatGPT maker OpenAI has announced its foray into the search market dominated by Google, with launching SearchGPT which is an AI-powered search engine offering real-time access to information across the web.  The Sam Altman-run company said it is testing SearchGPT, “a temporary prototype of new AI search features that give you fast and timely answers with clear and relevant sources”. SearchGPT is designed to combine the strength of its AI models with information from th...
OpenAI takes on Google Search, unveils AI-powered SearchGPT
OpenAI takes on Google Search, unveils AI-powered SearchGPT
Source: IANS
2024-07-26 09:36:17 am
Committed to learning from India how to make AI more impactful for society: OpenAI  India has a unique approach to making AI more beneficial for people and OpenAI is committed to learning from it, Srinivas Narayanan, Vice President of Engineering at OpenAI, said here on Wednesday.  He said that India had made AI use more impactful while reducing user harm through initiatives like the Digital Public Infrastructure (DPI) and OpenAI was committed to learning from the country in order to make this technology more impactful. Speaking at the ‘Global IndiaAI ...
Committed to learning from India how to make AI more impactful for society: OpenAI
Committed to learning from India how to make AI more impactful for society: OpenAI
Source: IANS
2024-07-03 06:01:04 pm
SK Group chairman meets with CEOs of Amazon, Intel SK Group Chairman Chey Tae-won has met with leaders of global tech giants, including Amazon and Intel, to discuss ways to broaden business cooperation in artificial intelligence (AI) semiconductors, his company said on Monday. Chey, who has been on a US trip since June 22, held talks with Amazon CEO Andy Jassy at the headquarters of the US multinational technology company in Washington, last week, to explore ways to enhance cooperation in the AI chip sector, according to SK Group. Amazo...
SK Group chairman meets with CEOs of Amazon, Intel
SK Group chairman meets with CEOs of Amazon, Intel
Source: IANS
2024-07-01 03:05:52 pm
Former OpenAI Co-founder Ilya Sutskever launches new AI company Ilya Sutskever, one of the co-founders of AI company OpenAI, has launched a new firm called Safe Superintelligence Inc (SSI), just a month after leaving the ChatGPT maker.  Sutskever, along with Jan Leike, who co-led OpenAI’s 'Superalignment' team, left the Sam Altman-run company in May last year after a fall-out with the leadership at OpenAI. Leike now heads a team at rival AI company Anthropic, in which tech giants Google and Amazon have made investments. In a po...
Former OpenAI Co-founder Ilya Sutskever launches new AI company
Former OpenAI Co-founder Ilya Sutskever launches new AI company
Source: IANS
2024-06-20 09:59:16 am
ChatGPT surpasses 1 million users in S Korea: Industry data The number of OpenAI's ChatGPT users in South Korea rose 30 per cent last month, surpassing 1 million for the first time on the increasing popularity of the artificial intelligence chatbot, industry data showed on Tuesday.  The mobile ChatGPT application had 1.27 million users in May, up from 980,000 in April, according to the market data analysis firm IGAWorks, reports Yonhap news agency. It is the first time that the monthly ChatGPT users have exceeded the 1 million mark in t...
ChatGPT surpasses 1 million users in S Korea: Industry data
ChatGPT surpasses 1 million users in S Korea: Industry data
Source: IANS
2024-06-11 10:32:30 am
ChatGPT suffers global outage, OpenAI says working on a fix Artificial intelligence (AI)-chatbot ChatGPT on Tuesday suffered an outage as several users globally, including in India, were unable to access the service or generate any responses.  Its developer OpenAI said that it was working on a fix. ‘We are continuing to work on a fix for this issue. We have identified the issue and mitigating,” said the Sam Altman-run company. ChatGPT has more than 100 million users on a weekly basis. Several ChatGPT users posted about the...
ChatGPT suffers global outage, OpenAI says working on a fix
ChatGPT suffers global outage, OpenAI says working on a fix
Source: IANS
2024-06-04 04:14:04 pm
OpenAI Board forms Safety and Security Committee led by Altman, others ChatGPT maker OpenAI Board has formed a Safety and Security Committee led by directors Sam Altman (CEO), Bret Taylor (Chair), Adam D’Angelo, and Nicole Seligman, the company said on Tuesday.   According to the AI startup, this committee will be responsible for making suggestions to the full Board on critical safety and security decisions for the company’s projects and operations. "OpenAI has recently begun training its next frontier model and we anticipate the resu...
OpenAI Board forms Safety and Security Committee led by Altman, others
OpenAI Board forms Safety and Security Committee led by Altman, others
Source: IANS
2024-05-28 05:57:38 pm
14 global tech giants adopt pledge on `responsible` development of AI A group of South Korean and global tech companies adopted a joint pledge on Wednesday, vowing to responsibly develop and use artificial intelligence (AI) and to address social challenges with the technology. The 'Seoul AI Business Pledge' was announced by 14 companies, including Korea's Samsung Electronics, Naver, Kakao and KT Corp, as well as global big tech companies, such as Google, OpenAI and IBM, during the opening ceremony of the AI Global Forum in Seoul. The AI Global...
14 global tech giants adopt pledge on `responsible` development of AI
14 global tech giants adopt pledge on `responsible` development of AI
Source: IANS
2024-05-22 11:07:50 am
Drugmaker Sanofi partners OpenAI, Formation Bio on AI-powered drug development French drugmaker Sanofi on Tuesday announced that it has partnered with artificial intelligence (AI) company OpenAI and tech-driven pharmaceutical firm Formation Bio to build AI-powered software to boost drug development and bring new medicines to patients more efficiently. The companies will bring together data, software and tuned models to create custom, purpose-built solutions across the drug development lifecycle. "Next generation, first-of-its-kind AI model customisations will...
Drugmaker Sanofi partners OpenAI, Formation Bio on AI-powered drug development
Drugmaker Sanofi partners OpenAI, Formation Bio on AI-powered drug development
Source: IANS
2024-05-21 04:27:29 pm
OpenAI partners Reddit to train its AI on users` posts ChatGPT maker OpenAI has inked a deal with Reddit to train its artificial intelligence (AI) models on users’ posts on the popular community discussion platform. As part of the partnership, OpenAI will bring Reddit content to ChatGPT and new products. In order to do so, OpenAI will access Reddit’s Data API, which provides real-time, structured, and unique content from Reddit. “This will enable OpenAI’s AI tools to better understand and showcase Reddit content, ...
OpenAI partners Reddit to train its AI on users` posts
OpenAI partners Reddit to train its AI on users` posts
Source: IANS
2024-05-17 10:25:04 am
OpenAI launches new `GPT-4o` AI model for all ChatGPT users Sam Altman-run OpenAI on Monday launched `GPT-4o` -- a new version of its GPT-4 model which can generate any combination of text, audio, and image outputs. GPT-4o’s text and image capabilities have been rolled out for all ChatGPT users. “We are making GPT-4o available in the free tier, and to Plus users with up to 5 times higher message limits,” the company said during a livestream event. OpenAI will soon roll out a new version of Voice Mode with GPT-4o in alpha wit...
OpenAI launches new `GPT-4o` AI model for all ChatGPT users
OpenAI launches new `GPT-4o` AI model for all ChatGPT users
Source: IANS
2024-05-14 10:15:46 am
Apple making significant investments in GenAI, to share `very exciting things` soon Apple is making "significant investments" in generative AI, and that has some "very exciting things" to share with customers soon, its CEO Tim Cook has said. He said that Apple continues to feel very “bullish about our opportunity in Generative AI”. “We believe we have advantages that will differentiate us in this new era, including Apple's unique combination of seamless hardware, software and services integration, groundbreaking Apple's sil...
Apple making significant investments in GenAI, to share `very exciting things` soon
Apple making significant investments in GenAI, to share `very exciting things` soon
Source: IANS
2024-05-03 12:41:28 pm
iPhone sales down 10 pc in March quarter, Apple stock up after $110 billion buyback Apple has reported a 10 per cent decline in iPhone sales for its March quarter, from $51.33 billion to $45.96 billion (year-over-year), primarily driven by a slowdown in China market. However, Apple managed to beat the Wall Street expectations and its stock went up more than 6 per cent after hours on Thursday, as the company set an all-time revenue record in Services with $23.9 billion, up 14 per cent (on-year). Apple also announced a massive $110 billion stock buyback from last year&rs...
iPhone sales down 10 pc in March quarter, Apple stock up after $110 billion buyback
iPhone sales down 10 pc in March quarter, Apple stock up after $110 billion buyback
Source: IANS
2024-05-03 12:15:14 pm
Eager to harness AI to bring societal benefit for `Bharat`: OpenAI`s first employee in India Sam Altman-run ChatGPT developer OpenAI is eager to contribute to India's artificial intelligence (AI) mission by collaborating with developers, users and policymakers, Pragya Misra, the company’s Public Policy & Partnerships lead in the country, said on Wednesday. Misra, who earlier worked at Meta-owned WhatsApp and caller identification app Truecaller, is the first employee of OpenAI in India. "Excited to share that I've joined OpenAI as their first hire in Indi...
Eager to harness AI to bring societal benefit for `Bharat`: OpenAI`s first employee in India
Eager to harness AI to bring societal benefit for `Bharat`: OpenAI`s first employee in India
Source: IANS
2024-05-01 12:02:14 pm
OpenAI, UK`s Financial Times ink content licensing deal The creator of the Artificial Intelligence (AI) chatbot ChatGPT OpenAI on Monday inked a partnership pact with UK-based Financial Times (FT) to licence its content and develop AI tools. Under this partnership, the global news publisher will licence its material to Sam Altman-run OpenAI to help create generative AI technology that can create text, images and code indistinguishable from human creations. "Our partnership and ongoing dialogue with the FT is about finding creative and p...
OpenAI, UK`s Financial Times ink content licensing deal
OpenAI, UK`s Financial Times ink content licensing deal
Source: IANS
2024-04-29 04:31:30 pm
Microsoft posts $21.9 billion in net income, bets big on AI Microsoft has posted a revenue of $61.9 billion in its third quarter (Q3) — up 17 per cent — with $21.9 billion in net income which increased 20 per cent. According to Satya Nadella, Chairman and CEO of Microsoft, Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry. “Our AI innovation continues to build on our strategic partnership with OpenAI as more than 65 per cent of the Fortune...
Microsoft posts $21.9 billion in net income, bets big on AI
Microsoft posts $21.9 billion in net income, bets big on AI
Source: IANS
2024-04-26 10:02:55 am
Who is Pragya Misra, Sam Altman-run OpenAI's 1st employee in India Sam Altman-run OpenAI has hired Pragya Misra as its first employee in India. Sources confirmed to IANS on Friday that Misra has been appointed to lead public policy affairs and partnerships in the country. She has served as the Director of Public Affairs for Truecaller, where she has collaborated closely with government ministries, investors, key stakeholders, and media partners. Prior to that, she worked for three years with Meta Platforms. She also led WhatsApp's campaign again...
Who is Pragya Misra, Sam Altman-run OpenAI's 1st employee in India
Who is Pragya Misra, Sam Altman-run OpenAI's 1st employee in India
Source: IANS
2024-04-20 09:34:06 am
X users with 2,500 verified subscriber followers to get Premium service for free Billionaire Elon Musk on Thursday said that X users who have 2,500 verified subscriber followers will get Premium features for free. The Tesla and SpaceX CEO also mentioned that those with over 5,000 verified subscriber followers will get Premium+ for free. “Going forward, all X accounts with over 2,500 verified subscriber followers will get Premium features for free and accounts with over 5000 will get Premium+ for free,” the X owner posted. The announcement was welcomed...
X users with 2,500 verified subscriber followers to get Premium service for free
X users with 2,500 verified subscriber followers to get Premium service for free
Source: IANS
2024-03-28 10:00:12 am
SK hynix begins mass production of latest high-end chips South Korean chipmaker SK hynix said on Tuesday that it has started mass production of the latest high band width memory (HBM) chips, solidifying its leadership position in the high-performance artificial intelligence (AI) memory semiconductor sector. It came seven months after the company announced the development of the fifth-generation HBM3E products in August, reports Yonhap news agency. SK hynix said it is the first provider of HBM3E, a product with the best performing DRAM chips, ...
SK hynix begins mass production of latest high-end chips
SK hynix begins mass production of latest high-end chips
Source: IANS
2024-03-19 10:19:02 am
Plum`s PolicyGPT sees threefold adoption; with 68% of queries now being handled autonomously Plum, India’s leading insurtech platform offering group health insurance and business insurance solutions to over 3500+ corporations, has shared a report card of its proprietary  PolicyGPT tool which was launched in April 2023. The AI-powered bot has seen a threefold increase in adoption (from launch), successfully resolving 68% of customer inquiries and empowering customer success agents to focus on personalised claims support to deliver a superior customer experience. Poli...
Plum`s PolicyGPT sees threefold adoption; with 68% of queries now being handled autonomously
Plum`s PolicyGPT sees threefold adoption; with 68% of queries now being handled autonomously
Source: PR Agency
2024-02-21 09:25:10 am
20 tech firms pledge to curb deepfakes during global elections this year  Twenty leading tech companies like Microsoft, Meta, Google, X, Amazon and OpenAI have pledged to help prevent deceptive AI content, or deepfakes, from interfering with global elections this year, including in India. More than four billion people in over 40 countries will vote this year. At the Munich Security Conference (MSC), the companies signed a tech accord to combat deceptive use of AI in 2024 elections. The “Tech Accord to Combat Deceptive Use of AI in 2024 Election...
20 tech firms pledge to curb deepfakes during global elections this year
20 tech firms pledge to curb deepfakes during global elections this year
Source: IANS
2024-02-17 12:36:55 pm
After Sam Altman, SoftBank founder Masayoshi Son joins AI chip race  As the generative AI race heats up, SoftBank Founder and CEO Masayoshi Son is reportedly aiming to raise about $100 billion for his AI venture, in a bid to take on graphics chip giant Nvidia. SoftBank may infuse $30 billion and can raise $70 billion from investment firms in the Middle East, reports Bloomberg, citing sources. The AI venture would complement the business of UK chip designer Arm, in which SoftBank has a 90 per cent stake after its IPO. Arm’s shares went up t...
After Sam Altman, SoftBank founder Masayoshi Son joins AI chip race
After Sam Altman, SoftBank founder Masayoshi Son joins AI chip race
Source: IANS
2024-02-17 12:05:00 pm
ChatGPT to get `memory` to remember who you are, what you like OpenAI is testing “memory” for its AI chatbot ChatGPT, which will allow the bot to remember information about you and your conversations over time. You can explicitly tell ChatGPT to remember something, ask it what it remembers, and tell it to forget conversationally or through settings. “You can also turn it off entirely. We are rolling out to a small portion of ChatGPT free and Plus users this week to learn how useful it is. We will share plans for broader roll out s...
ChatGPT to get `memory` to remember who you are, what you like
ChatGPT to get `memory` to remember who you are, what you like
Source: IANS
2024-02-14 11:56:04 am
OpenAI generating 100 bn words per day: Sam Altman ChatGPT maker OpenAI is currently generating about 100 billion worlds per day, its Co-founder and CEO Sam Altman revealed on Saturday, as he seeks trillions of dollars to reshape the future of chips and artificial intelligence (AI). In a post on X, Altman said that he needs more graphics-processing units (GPUs) to achieve the massive number of words humanity is generating. “OpenAI now generates about 100 billion words per day. All people on Earth generate about 100 trillion words ...
OpenAI generating 100 bn words per day: Sam Altman
OpenAI generating 100 bn words per day: Sam Altman
Source: IANS
2024-02-10 10:31:16 am
Lina Khan-led FTC probing Microsoft, Google investments into GenAI companies The US Federal Trade Commission (FTC) has issued orders to five Big Tech companies, including Microsoft and Google, requiring them to provide information regarding recent investments and partnerships involving generative AI companies like OpenAI and Anthropic. The agency will scrutinise corporate partnerships and investments with AI providers to build a better internal understanding of these relationships and their impact on the competitive landscape. The compulsory orders were sent to ...
Lina Khan-led FTC probing Microsoft, Google investments into GenAI companies
Lina Khan-led FTC probing Microsoft, Google investments into GenAI companies
Source: IANS
2024-01-26 11:31:12 am
Apple`s VP of iPhone design joins Jony Ive, Sam Altman for AI project Tang Tan, Apple’s VP of iPhone design, is reportedly leaving the company to join legendary designer Jony Ive and OpenAI CEO Sam Altman and work on a new AI hardware project. The outgoing Apple executive is moving to Jony Ive’s LoveFrom design firm to lead hardware engineering on AI-powered devices, reports Bloomberg. The products are still at an early concept stage but some are said to be focused on use inside the home. Ive’s ultimate goal is to turn the AI hardware...
Apple`s VP of iPhone design joins Jony Ive, Sam Altman for AI project
Apple`s VP of iPhone design joins Jony Ive, Sam Altman for AI project
Source: IANS
2023-12-28 10:49:13 am
Expect a deepfakes boom as hackers master use of AI, Machine Learning  With the growth of Large Language Models (LLMs) like OpenAI's ChatGPT, Artificial Intelligence (AI) exploded in the public arena in 2023. According to experts, this trend is expected to continue beyond 2024, as both hackers and cybersecurity professionals continue to improve their usage of AI and Machine Learning (ML). Recently, Infosys founder Narayana Murthy's two new deepfake videos were shared on social media, purportedly promoting a so-called investing platform ‘Qu...
Expect a deepfakes boom as hackers master use of AI, Machine Learning
Expect a deepfakes boom as hackers master use of AI, Machine Learning
Source: IANS
2023-12-22 03:30:23 pm
UK regulator looks into Microsoft`s partnership with OpenAI The UK's competition regulator will look into the partnership between Microsoft and OpenAI, the developer of ChatGPT, including recent developments, to understand the impact the merger could have on competition in the UK. The Competition and Markets Authority (CMA) is examining whether Microsoft’s association with OpenAI could affect the artificial intelligence (AI) market. “The Invitation to Comment (ITC) is the first part of the CMA’s information gathering proces...
UK regulator looks into Microsoft`s partnership with OpenAI
UK regulator looks into Microsoft`s partnership with OpenAI
Source: IANS
2023-12-10 10:30:56 am
OpenAI working with ex-Twitter India head to navigate AI landscape Sam Altman's OpenAI is reportedly working with ex-Twitter India head Rishi Jaitly to help the ChatGPT developer understand the Indian policies and regulations around AI and how to navigate those. According to a report in TechCrunch, Jaitly is working as a senior advisor with OpenAI to facilitate talks with the government about AI policy. "OpenAI is also looking to set up a local team in India," the report mentioned on Saturday. OpenAI or Jaitly were yet to comment on th...
OpenAI working with ex-Twitter India head to navigate AI landscape
OpenAI working with ex-Twitter India head to navigate AI landscape
Source: IANS
2023-12-09 11:15:39 am
OpenAI delays launch of GPT Store to next year OpenAI has delayed the launch of its GPT Store to next year, according to an email sent to people who signed up for its GPT Builder. In the email, OpenAI stated that "unexpected things have been keeping us busy," which has delayed the launch of the GPT Store, reports The Verge. The company informed in the mail that they are planning to launch the GPT Store early next year, which was expected to take place in December. "We are now planning to launch the GPT Store early ...
OpenAI delays launch of GPT Store to next year
OpenAI delays launch of GPT Store to next year
Source: IANS
2023-12-02 03:38:10 pm
Microsoft joins OpenAI`s board as Sam Altman returns as CEO Sam Altman has officially returned to OpenAI as CEO after an intense drama earlier this month, with Microsoft getting a non-voting observer seat on the company’s board. OpenAI’s new board consists of chair Bret Taylor, Larry Summers, and Adam D’Angelo, the only remaining holdout from the previous board. Microsoft is a major investor in OpenAI, with a 49 percent stake in the for-profit entity that the nonprofit board controls, reports The Verge. In a memo to employee...
Microsoft joins OpenAI`s board as Sam Altman returns as CEO
Microsoft joins OpenAI`s board as Sam Altman returns as CEO
Source: IANS
2023-11-30 09:06:55 am
Mira Murati, OpenAI`s new interim CEO, earlier worked with Elon Musk`s Tesla Mira Murati, the current Chief Technology Officer (CTO) at ChatGPT developer OpenAI who has been appointed as an interim CEO after the dismissal of Sam Altman, will perhap not rock the boat as the company’s board of directors searches for a permanent CEO. Murati, who has a degree in mechanical engineering from Dartmouth College, previously worked as an intern at Goldman Sachs and French aerospace group Zodiac Aerospace. She also worked at Elon Musk-run electric car company Tesla a...
Mira Murati, OpenAI`s new interim CEO, earlier worked with Elon Musk`s Tesla
Mira Murati, OpenAI`s new interim CEO, earlier worked with Elon Musk`s Tesla
Source: IANS
2023-11-18 12:24:15 pm
OpenAI`s ChatGPT downloads, app revenue continue to grow ChatGPT’s downloads and revenue continue to grow and OpenAI's AI chatbot reached 23 million downloads (as of September). In its first month on the Apple App Store in May, it crossed 3.9 million downloads and reached 15.1 million by June, according to an analysis of the AI app market by Apptopia, reports TechCrunch. In addition, ChatGPT’s usage on mobile devices has grown from just over 1.34 million monthly active users in May to now 38.88 million as of September the repo...
OpenAI`s ChatGPT downloads, app revenue continue to grow
OpenAI`s ChatGPT downloads, app revenue continue to grow
Source: IANS
2023-10-31 12:00:42 pm
Google to invest $2 bn in OpenAI's rival AI company Anthropic Google is reportedly investing $2 billion in AI startup company Anthropic, founded by former members of Microsoft-backed OpenAI, as the AI race heats up. The funding deal involves $500 million now and up to $1.5 billion later, reports The Wall Street Journal. Google was yet to comment on the development. In April, Google invested $300 million in the company, taking a 10 per cent stake.  In September, Amazon said it will invest up to $4 billion in AI startup Anthropic with a m...
Google to invest $2 bn in OpenAI's rival AI company Anthropic
Google to invest $2 bn in OpenAI's rival AI company Anthropic
Source: IANS
2023-10-28 05:53:53 pm
Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Satya Nadella More than 18,000 organisations now use Azure OpenAI service, including new customers and the company is expanding its reach with digital-first companies with OpenAI APIs, Microsoft Chairman and CEO Satya Nadella has said.Leading AI startups are using OpenAI to power their AI solutions, therefore, making them Azure customers as well, he said during the company?s Q1 2024 earnings call late on Tuesday.On GitHub Copilot, he said the company is increasing developer productivity by up to 55 per cen...
Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Satya Nadella
Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Satya Nadella
Source: IANS
2023-10-25 03:30:53 pm
New ChatGPT-like AI tool for scientific discovery launched An international team of scientists have launched a new research collaboration that will leverage the same technology behind ChatGPT to build an AI-powered tool for scientific discovery.While ChatGPT deals in words and sentences, the new initiative, called Polymathic AI, will learn from numerical data and physics simulations from across scientific fields to aid scientists in modeling everything from supergiant stars to the Earth's climate."This will completely change how people use AI and mac...
New ChatGPT-like AI tool for scientific discovery launched
New ChatGPT-like AI tool for scientific discovery launched
Source: IANS
2023-10-15 03:18:15 pm
OpenAI`s revenue on track to reach $1.3 bn this year ChatGPT developer OpenAI is reportedly going to make $1.3 billion in revenue this year, according to its CEO Sam Altman, amid reports that the AI company is witnessing a slow down in sales.Microsoft-backed AI company is apparently generating more than $100 million per month, up 30 per cent from earlier this year, reports The Information, citing sources.?OpenAI is generating revenue at a pace of $1.3 billion a year, CEO Sam Altman told staff this week,? the report mentioned.For 2022, the compa...
OpenAI`s revenue on track to reach $1.3 bn this year
OpenAI`s revenue on track to reach $1.3 bn this year
Source: IANS
2023-10-13 01:56:54 pm
AMD to acquire AI software company Nod.ai to take on Nvidia Chip major AMD has announced to acquire open-source AI software expert Nod.ai for an undisclosed sum, to expand the company?s open AI software capabilities amid Nvidia?s dominance in the market.Nod.ai will let firms companies AI models tuned to AMD?s chips.The addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimised for AMD Instinct data centre accelerators, Ryzen AI processors, EPYC ...
AMD to acquire AI software company Nod.ai to take on Nvidia
AMD to acquire AI software company Nod.ai to take on Nvidia
Source: IANS
2023-10-11 11:58:21 am
OpenAI`s Sam Altman invests in Indian - origin teenagers` AI startup ChatGPT developer OpenAI?s CEO Sam Altman has invested in an artificial intelligence (AI) startup, founded by two Indian-origin teenagers Aryan Sharma and Ayush Pathak in the Silicon valley in the US.The startup Induced AI, founded this year, has raised $2.3 million in its seed-funding round led by Altman and VC firm Peak XV, along with ?an incredible set of investors?.?We let anyone create virtual AI workers that can automate the execution of workflows on a browser in the cloud with human-li...
OpenAI`s Sam Altman invests in Indian - origin teenagers` AI startup
OpenAI`s Sam Altman invests in Indian - origin teenagers` AI startup
Source: IANS
2023-10-04 12:43:37 pm
SoftBank explores investing in OpenAI after bumper Arm IPO Japanese major SoftBank is mulling to make an investment in Sam Altman-run OpenAI after the blockbuster listing of British chip designer Arm owned by Softbank, the media reported on Saturday.Masayoshi Son, SoftBank's founder and CEO, is potentially ?looking to invest tens of billions in AI after completing Arm?s initial public offering,? reports The Financial Times.?SoftBank could also look to strike a broad strategic partnership with the ChatGPT maker,? the report noted.UK chip designing gia...
SoftBank explores investing in OpenAI after bumper Arm IPO
SoftBank explores investing in OpenAI after bumper Arm IPO
Source: IANS
2023-09-17 09:14:41am
Oracle, Microsoft expand ties to help customers boost their migration to cloud Cloud major Oracle and tech giant Microsoft on Friday expanded their partnership to announce Oracle Database@Azure, which gives customers direct access to Oracle database services running on Oracle Cloud Infrastructure (OCI) and deployed in Microsoft Azure data centres.With Oracle Database@Azure, the companies will help customers accelerate their migration to the cloud, so they can modernise their IT environments and take advantage of Azure?s infrastructure, tooling, and services. Oracle...
Oracle, Microsoft expand ties to help customers boost their migration to cloud
Oracle, Microsoft expand ties to help customers boost their migration to cloud
Source: IANS
2023-09-15 09:53:29am