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Tag: OpenAI

OpenAI raises $6.6bn, valuation soars to $157bn
News

OpenAI raises $6.6bn, valuation soars to $157bn

OpenAI, the creator of ChatGPT, has successfully secured $6.6 billion in funding, potentially valuing the company at $157 billion and solidifying its status as one of the world’s most valuable private firms. This latest funding round attracted returning venture capital investors such as Thrive Capital and Khosla Ventures, along with significant backing from Microsoft and […]

OpenAI unveils advanced AI agents to tackle complex ChatGPT tasks
News

OpenAI unveils new tools to streamline AI development for businesses

OpenAI on Tuesday, launched a series of new tools aimed at making it easier for developers to build AI-powered applications, as the company competes with major tech giants in the fast-evolving generative AI space. The Microsoft-backed startup introduced a real-time tool that simplifies the creation of AI voice applications, now allowing developers to use a […]

OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations
News

OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations

OpenAI CEO Sam Altman dismissed claims on Thursday that the recent departures of three senior executives were connected to a planned restructuring of the company. This follows the abrupt resignation of longtime Chief Technology Officer Mira Murati on Wednesday, with senior research executives Barret Zoph and Bob McGrew also announcing their exits shortly afterward. On […]

News

OpenAI moves to remove non-profit control, give Sam Altman equity  

A governance changes are taking place behind the scenes at OpenAI, one of the most influential AI firms, Reuters reported. The restructuring process, still in development with input from lawyers and shareholders, has no set completion timeline, leaving uncertainty about when these changes will be finalized. This internal restructuring coincides with a series of leadership […]

OpenAI employees consider selling $6bn stock
News

OpenAI’s official account hacked by suspected cryptocurrency scammers

OpenAI’s official press account on X has reportedly been compromised by cryptocurrency scammers, mirroring previous incidents involving the company’s leadership. On Monday afternoon, OpenAI Newsroom, a newly created account intended for product and policy announcements, posted about a fictitious OpenAI-branded blockchain token called “$OPENAI.” The post misleadingly claimed, “We’re very happy to announce $OPENAI: the […]

The British government has entered a strategic partnership with OpenAI, the American firm behind ChatGPT, to enhance collaboration on artificial intelligence
News

OpenAI launches ‘strawberry’ AI models to tackle complex prompts

OpenAI, backed by Microsoft, unveiled its latest “Strawberry” series of AI models, designed to spend more time processing answers to handle more complex and challenging queries. According to OpenAI, the new models—referred to as o1 and o1-mini—are capable of reasoning through intricate tasks, showing notable improvements in fields like science, coding, and mathematics compared to […]

OpenAI mulls $500bn valuation in employee share sale talks
News

OpenAI to launch new AI model “Strawberry”

OpenAI plans to release a new artificial intelligence model called “Strawberry,” designed to enhance reasoning capabilities, as part of its ChatGPT service in the next two weeks, according to a report from The Information on Tuesday. The report, citing two individuals who have tested the model, suggests that Strawberry sets itself apart by focusing on […]

OpenAI employees consider selling $6bn stock
News

OpenAI mulls higher subscription fees for upcoming AI models

OpenAI executives are considering a higher subscription fees for their forthcoming large language models, including the reasoning-focused “Strawberry” and a new flagship model called “Orion,” according to a report by The Information on Thursday. Internal discussions at OpenAI have broached the possibility of subscription costs reaching up to $2,000 per month, as reported by a […]

OpenAI unveils advanced AI agents to tackle complex ChatGPT tasks
News

OpenAI co-founder John Shulman leaves for Anthropic

A co-founder of artificial intelligence firm OpenAI, John Schulman, has announced his departure to join rival company Anthropic, according to a social media post on platform X late Monday. Schulman stated that his decision was driven by a desire to focus more on AI alignment and to engage in hands-on technical work. In a separate […]

OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations
News

OpenAI launches advanced voice mode for ChatGPT Plus users

OpenAI has begun rolling out its advanced voice mode to a select group of ChatGPT Plus users, as announced on the company’s official X page on Tuesday. This new feature introduces real-time, lifelike voice interactions, enabling users to engage in dynamic conversations with ChatGPT, including the ability to interrupt the AI during discussions. In its […]

OpenAI makes ChatGPT free, expands access without sign-ups
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OpenAI announces new search engine, SearchGPT

OpenAI has introduced the prototype of its new search engine, SearchGPT. The browser aims to deliver users fast and timely answers, supplemented with clear and relevant sources. Eventually, OpenAI plans to integrate SearchGPT into its ChatGPT chatbot. This development poses a potential challenge to Google’s dominance in the search engine market. Since ChatGPT’s launch in […]

OpenAI raises $6.6bn, valuation soars to $157bn
News

OpenAI launches cost effective GPT-4o mini

OpenAI, the creator of ChatGPT, announced on Thursday the launch of GPT-4o mini, a smaller and more cost-effective AI model aimed at broadening its customer base by reducing costs and energy consumption. Backed by Microsoft, OpenAI is a leading player in the AI software sector, striving to enhance affordability and speed for developers building applications […]

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