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After a year of frenzied dealmaking and rumors of an upcoming IPO, the financial scrutiny into OpenAI is intensifying. Leaked documents obtained by tech blogger Ed Zitron provide more of a glimpse into OpenAI’s financials — specifically its revenue and compute costs over the past couple of years. Zitron reported this week that in 2024,…
SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles. …
Startups have never been able to offer the same sizable salaries as big tech companies. Now with companies like Meta and OpenAI willing to pay million-dollar salaries amid the AI race — the compensation divide has grown even larger. Early-stage startups are not doomed though. If they develop a compensation strategy that is generous, fair,…
A recent letter from OpenAI reveals more details about how the company is hoping the federal government can support the company’s ambitious plans for data center construction. The letter — from OpenAI’s chief global affairs officer Chris Lehane and addressed to the White House’s director of science and technology policy Michael Kratsios — argued that…
Seven families filed lawsuits against OpenAI on Thursday, claiming that the company’s GPT-4o model was released prematurely and without effective safeguards. Four of the lawsuits address ChatGPT’s alleged role in family members’ suicides, while the other three claim that ChatGPT reinforced harmful delusions that in some cases resulted in inpatient psychiatric care. In one case,…
Elon Musk and Sam Altman are still taking swipes at each other on Musk’s social media platform X. While both men were founders at OpenAI, where Altman is CEO, they have subsequently sparred across social media, court filings, and corporate blog posts.The latest exchange began when Altman posted what he called “a tale in three…
Amazon’s cloud infrastructure service, Amazon Web Services (AWS), is on track to record its strongest year of growth in three years, fueled by the AI industry’s unprecedented demand for computing power. AWS is growing 20% year-over-year and ended the third quarter with $33.1 billion in sales through the first nine months of the year, Amazon…
Crypto debates DeFi forks while AI companies lock trillions of tokens into proprietary training runs, building permanent data set monopolies. The window closes fast. Opinion by: Ram Kumar, core contributor at OpenLedger The crypto industry spent a decade evangelizing decentralization. At the same time, AI companies assembled the most valuable monopolies since Standard Oil, and…
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership…
OpenAI says its deep learning systems are rapidly advancing, with models increasingly able to solve complex tasks faster. So fast, in fact, that internally, OpenAI is tracking towards achieving an intern-level research assistant by September 2026, and a fully automated “legitimate AI researcher” by 2028, CEO Sam Altman said during a livestream Tuesday. The…