According to The Information, OpenAI plans to spend all of its funds on current expenses within the next 12 months. The San Francisco-based AI startup leader is on course to lose $5 billion, owing to large capital expenditures on cloud infrastructure required for training and running AI systems, like ChatGPT. OpenAI has traditionally relied on … Read more
The New York Times sued Microsoft and OpenAI on Wednesday for utilizing its material to train its generative AI and large language model (LLM) systems. The complaint was filed in federal court in Manhattan. According to the New York Times, Microsoft and OpenAI created their generative AI tools by “copying and using millions of The … Read more
The unexpected reinstatement of Sam Altman as the CEO of OpenAI has triggered a significant shakeup in the organization’s board, revealing internal strife within the Artificial Intelligence community. Altman’s comeback comes after being abruptly fired, leading to a rebellion by employees and subsequent changes in the board composition. Key Points: The saga at OpenAI, marked … Read more
The world of artificial intelligence experienced a seismic shift over the weekend as Sam Altman, the founder and former CEO of OpenAI, was abruptly ousted from his position. The upheaval has sent shockwaves through the industry, prompting a series of unexpected developments that have reshuffled key players in the forefront of AI technology. Key Events … Read more
According to a report by Analytics India Magazine, which recorded a user fall on the website beginning in May 2023, OpenAI, the creator of ChatGPT, may go bankrupt by the end of the year 2024.OpenAI, a Microsoft-backed artificial intelligence research startup, launched the AI race in December 2022. The company’s chatbot quickly gained popularity and … Read more