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Tag: OpenAI

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
News Tech

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 […]

OpenAI CEI denies sister's rape allegations, calls claims untrue
News Tech

OpenAI board to decide on AI framework

OpenAI has recently revealed its strategies to avert any severe consequences stemming from the advanced AI technology it develops. The company has released a detailed 27-page “Preparedness Framework” document, which describes its efforts to monitor, assess, and mitigate “catastrophic risks” associated with state-of-the-art AI models. These risks include the potential misuse of AI models in […]

Open AI considers raising new funding at $100m - Report
News

Open AI considers raising new funding at $100m – Report

  OpenAI is reportedly in the early stages of discussions to secure additional funding, aiming for a valuation of $100 billion or higher, Bloomberg reported on Friday. The specific terms, valuation, and timing of this potential funding round remain fluid and subject to change. Additionally, OpenAI is said to be exploring funding options for a […]

OpenAI employees consider selling $6bn stock
News Tech

Authors sue OpenAI, Microsoft for copyright infringement

Eleven nonfiction writers have filed a complaint in federal court in Manhattan, alleging that Microsoft and OpenAI have misused books the writers have written to train the models behind ChatGPT, the company’s well-known chatbot, and other artificial intelligence-based technologies. The authors, who co-wrote the J. Robert Oppenheimer biography “American Prometheus,” which was made into the […]

OpenAI introduces voice chats
News Tech

OpenAI introduces voice chats

OpenAI has introduced voice chats for ChatGPT on Android and iOS giving users the option to have conversations with the chatbot for free. However, the service was initially limited to Plus and Enterprise subscribers by the corporation, with the understanding that other user categories would ultimately be allowed to access it. President of OpenAI, Greg […]

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