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Tag: OpenAI

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
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Meta offered $100m bonuses to lure OpenAI staff, Altman alleges

OpenAI Chief Executive Sam Altman has claimed that Meta offered massive financial incentives, including signing bonuses of up to $100 million, to recruit top talent from his company as competition intensifies in the artificial intelligence sector. Speaking on the Uncapped podcast hosted by his brother, Altman said the Facebook parent company has approached several OpenAI […]

OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations
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OpenAI may sue Microsoft over antitrust violation

OpenAI is reportedly considering accusing its largest backer, Microsoft, of anticompetitive practices as tensions escalate over the terms of their high-profile partnership, according to a Wall Street Journal report published Monday. The report says OpenAI executives have discussed the possibility of seeking a federal antitrust review of their contract with Microsoft and launching a public […]

US, OpenAI sign $200m deal to integrate AI into military operations
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US, OpenAI sign $200m deal to integrate AI into military operations

The U.S. Department of Defense has signed a $200 million contract with OpenAI to develop and deploy advanced artificial intelligence tools aimed at bolstering national security and modernizing military operations. The agreement marks the San Francisco-based AI company’s first formal collaboration with the federal government. Known for creating ChatGPT, OpenAI will now work closely with […]

OpenAI to maintain ties with Scale AI despite Meta’s acquisition
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OpenAI to maintain ties with Scale AI despite Meta’s acquisition

OpenAI plans to continue working with Scale AI even after rival tech giant Meta agreed to acquire a 49% stake in the artificial intelligence startup for $14.8 billion, the company’s Chief Financial Officer, Sarah Friar, said Friday at the VivaTech conference in Paris. Scale AI, known for providing large volumes of curated and labeled data […]

OpenAI, Google overlook AI rivalry, seal cloud partnership
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OpenAI, Google overlook AI rivalry, seal cloud partnership

OpenAI has finalized a deal to use Google Cloud services to meet its soaring computing needs in a surprising move that highlights the shifting dynamics of the AI arms race. The agreement, reached in May after months of negotiation, marks a rare collaboration between two of the biggest rivals in artificial intelligence: OpenAI, the maker […]

US, OpenAI sign $200m deal to integrate AI into military operations
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OpenAI hits $10bn annual revenue amid soaring AI adoption

OpenAI announced on Monday that its annualized revenue run rate has surged to $10 billion as of June, a significant milestone driven by the booming adoption of its AI technologies, particularly its popular ChatGPT models. This figure positions the company firmly on track to meet its ambitious full-year revenue target of $12.7 billion for 2025. […]

OpenAI explores 'Sign In with ChatGPT' feature for third party apps
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OpenAI explores ‘Sign In with ChatGPT’ feature for third party apps

OpenAI is testing a new feature that could allow users to sign into third-party applications using their ChatGPT credentials, according to a company web page published Tuesday. The move suggests OpenAI is positioning itself to compete more directly with tech giants like Apple, Google, and Microsoft in the consumer identity and services space. The company […]

OpenAI tipped to join UAE mega data center project
Tech

OpenAI to open office in South Korea

OpenAI, the U.S.-based artificial intelligence pioneer behind ChatGPT, announced plans to establish a new office in Seoul, South Korea, marking its third Asian hub after Japan and Singapore. The move, set for the coming months, responds to soaring regional demand for its AI services, the San Francisco-based company said in a statement Monday. South Korea […]

OpenAI tipped to join UAE mega data center project
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OpenAI tipped to join UAE mega data center project

Artificial intelligence firm OpenAI is reportedly in talks to become a major participant in a massive data center development in the United Arab Emirates, which could become one of the largest in the world, according to Bloomberg News. The planned facility, a 5-gigawatt data center campus in Abu Dhabi, would have OpenAI as a primary […]

OpenAI to maintain ties with Scale AI despite Meta’s acquisition
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OpenAI to reduce Microsoft revenue share in restructuring plan

OpenAI has informed investors that it plans to significantly reduce the share of its revenue allocated to Microsoft as part of an ongoing restructuring, The Information reported on Tuesday. According to the report, the artificial intelligence firm behind ChatGPT will cut the percentage of revenue shared with Microsoft by at least half by the end […]

OpenAI explores 'Sign In with ChatGPT' feature for third party apps
News

OpenAI abandons major restructuring to retain control

OpenAI has scrapped a major plan to restructure its corporate governance, opting instead to maintain control under its nonprofit parent organization, a move that curtails CEO Sam Altman’s influence and responds to growing public and legal pressure. The decision, announced Monday, follows mounting criticism and a lawsuit from co-founder Elon Musk, who claims OpenAI is […]

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