Tag: OpenAI

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

Musk lawsuit stems from regrets, says OpenAI

Melvin Onwubuke OpenAI executives disagreed with the claims Elon Musk laid out in a lawsuit on Thursday and said the Tesla CEO is upset that he’s no longer part of the artificial intelligence startup. In an internal memo on Friday, OpenAI Chief Strategy Officer Jason Kwon said “We believe the claims this suit may stem […]

Starlink withdraws from South African regulatory hearings
Tech

Elon Musk sues OpenAI, CEO Sam Altman

Elon Musk has filed a lawsuit against OpenAI, the company behind ChatGPT, along with its CEO Sam Altman and others, alleging a departure from the company’s original mission of developing artificial intelligence for the benefit of humanity rather than profit. Musk claims that Altman and co-founder Greg Brockman initially approached him to establish an open-source, […]

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

OpenAI appoints new board members in March

OpenAI, the creator of ChatGPT, is set to appoint several new board members in March, bringing an end to an impasse that began when the former board ousted CEO Sam Altman in November. Despite Altman’s quick return and the introduction of a new initial board chaired by former Salesforce co-CEO Bret Taylor, the company has […]

OpenAI unveils advanced AI agents to tackle complex ChatGPT tasks
Tech

New York Times ‘hacked’ ChatGPT to build copyright lawsuit – OpenAI

OpenAI has requested a federal judge to dismiss New York Times’ lawsuit, stating that the newspaper engaged in “hacking” to manipulate its ChatGPT chatbot and other AI systems, generating misleading evidence for the case. OpenAI claimed in a filing on Monday that the Times used “deceptive prompts” that violated its terms of use, causing the […]

OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations
Tech

OpenAI hits $80bn valuation after major deal

Artificial intelligence giant, OpenAI has recently sealed a significant deal with venture capital firm Thrive Capital, catapulting its valuation to an impressive $80 billion or potentially more. This remarkable surge nearly triples its value in just nine months, according to reports by the New York Times. The deal involves OpenAI’s participation in an ongoing share […]

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

OpenAI launches AI-video generation tool, Sora

Artificial intelligence company OpenAI has launched a new AI tool that can generate realistic 60-second videos from a simple text prompt. “Today we are starting red-teaming and offering access to a limited number of creators,” chief executive Sam Altman took to X to unveil OpenAI’s latest offering. According to an announcement made by OpenAI on […]

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

OpenAI hits $2bn in revenue

In December, OpenAI, the Artificial Intelligence company, achieved a significant milestone by reaching $2 billion in revenue, as reported by the Financial Times on Friday. OpenAI anticipates surpassing this figure in 2025, projecting substantial interest from business customers eager to integrate its generative AI tools into workplace environments. The company’s annualized revenue soared to over […]

ChatGPT’s AI image feature delayed for free users
Tech

Italy accuses OpenAI of data breaches

Italy’s data protection authority, Garante, informed OpenAI on Monday that its ChatGPT artificial intelligence chatbot application violates data protection rules. Garante, known for its proactive stance in evaluating AI platform compliance with the EU’s data privacy regulations, had previously banned ChatGPT last year over alleged breaches. Following adjustments made by OpenAI, the service was reinstated, […]

OpenAI mulls $500bn valuation in employee share sale talks
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OpenAI focus on democratic processes for AI softwares

The artificial intelligence lab OpenAI said that it is assembling a new team to establish democratic methods to determine how its AI software should be controlled to address prejudice and other concerns. In a blog post on Tuesday, the company said the “Collective Alignment” team is carrying on the activities of a grant program that […]

OpenAI CEO Sam Altman weds partner
News Tech

OpenAI CEO Sam Altman weds partner

OpenAI CEO Sam Altman on Friday wedded his partner Oliver Mulherin in a beachside wedding in Hawaii. Speaking to NBC News, Altman confirmed the news of his marriage following the appearance of images from the union on social media. The images displayed Altman and Mulherin at the location with perhaps a dozen people and palm […]

New York Times sues OpenAI over copyright infringement
News Tech

New York Times sues OpenAI over copyright infringement

The New York Times has initiated legal action against OpenAI and Microsoft, alleging unauthorized utilization of its published materials for the development of their AI tool, ChatGPT. This marks the first instance of a major American media entity bringing a lawsuit against these companies, who are known for the creation of ChatGPT and other widely-used […]