Business

Microsoft’s Copilot is getting OpenAI’s latest models and a new code interpreter

Microsoft’s Copilot is receiving updates including OpenAI’s GPT-4 Turbo model, an improved DALL-E 3 model, a new code interpreter feature, and deep search functionality for Bing. The GPT-4 Turbo model will allow Copilot to understand queries better and provide improved responses. The updated DALL-E 3 model enables Copilot to create higher quality and more accurate […]

Meta and IBM form open-source alliance to counter big AI players

The AI Alliance, a new collaboration between IBM and Meta, aims to promote responsible innovation in AI while emphasizing open development. In an industry largely dominated by private AI models, the alliance aims to expand the availability of open-source AI models, allowing more people to access the benefits, build innovative products, and prioritize safety.   […]

New report illuminates why OpenAI board said Altman “was not consistently candid”

Sam Altman, CEO of OpenAI, was temporarily removed due to alleged dishonesty with the board, particularly in attempts to manipulate the removal of a fellow board member. This incident shed light on power struggles and internal conflicts within the company, hinting at potential concerns regarding their commitment to AI safety and ethical operations. On the […]

CoreWeave Valuation At $7B After Secondary Sale

CoreWeave, an AI cloud infrastructure company, has received a minority investment of $642 million led by Fidelity Management and Research Co., resulting in a valuation of $7 billion. The investment highlights CoreWeave’s market-leading performance, technology advantage, and strong customer adoption. This significant jump in valuation signifies continued interest and investment in AI despite predictions of […]

Sam Altman May Have Found a Loophole to Cash in at OpenAI

Sam Altman reportedly has no equity in OpenAI, but new reporting shows that he would profit from an OpenAI deal to buy AI chips. Altman’s business dealings may have played a role in his recent firing as OpenAI’s CEO. The startup Rain AI is developing computer chips that replicate the human brain and Altman personally […]

ChatGPT revealed personal data and verbatim text to researchers

In a surprising turn of events, researchers have discovered just how easy it is to extract personal information and training data from ChatGPT. The researchers, from esteemed institutions like Google DeepMind and Carnegie Mellon University, managed to uncover this vulnerability in OpenAI’s language model. They promptly informed OpenAI about their findings, and the issue has […]

On ChatGPT’s first anniversary, its mobile apps have topped 110M installs and nearly $30M in revenue

It’s been one year since ChatGPT burst onto the scene, captivating the world with its AI chatbot prowess. From a research preview to an everyday tool, this chatbot has become a mainstream favorite. And a big part of that success can be attributed to its mobile app, which made its grand entrance on iOS in […]

Microsoft president says no chance of super-intelligent AI soon

In a recent statement that is sure to disappoint those eagerly awaiting the rise of super-intelligent AI, Microsoft President Brad Smith has asserted that we won’t be seeing it within the next 12 months. In fact, he believes it could take decades for such technology to come to fruition. So, for those hoping to have […]

These ex-Apple employees are bringing AI to the desktop

Software Applications Incorporated, a startup founded by three ex-Apple employees, aims to bring generative AI to the desktop and push operating systems forward. The team is prototyping with large language models like OpenAI’s GPT and Meta’s Llama 2. Their goal is to recreate the flexibility and power of early computers from the ’80s and ’90s. […]

Together AI raises $102.5M Series A

Together AI has raised $102.5 million in a Series A financing round led by Kleiner Perkins, with participation from investors including NVIDIA and Emergence Capital. The funding will help the company accelerate the development of its comprehensive cloud platform for open and custom AI models. Since its launch in June 2023, Together AI has seen […]

Sam Altman returns as CEO, OpenAI has a new initial board

OpenAI has announced that Sam Altman will return as CEO, with Mira returning as CTO. The initial board will consist of Bret Taylor as Chair, along with Larry Summers and Adam D’Angelo. Altman expressed gratitude for everyone’s hard work and believes in the company’s resilience and probability of success. He also thanked Ilya, Adam, Tasha, […]

Tola Capital, investing in AI-enabled enterprise software, closes largest fund at $230M

Tola Capital, an investment firm focusing on AI-enabled enterprise software, has secured $230 million for its third fund, the largest amount raised so far. Despite a challenging fundraising environment, the interest in AI has made it a good time to raise funds. Tola Capital was founded in 2010 by Sheila Gulati, who previously led enterprise […]

Nvidia CEO Jensen Huang says artificial general intelligence will be achieved in five years

Jensen Huang, the CEO of Nvidia, a company at the forefront of the AI revolution, has made a bold prediction. He believes that we could witness the advent of artificial general intelligence (AGI) within the next five years. Now, AGI refers to a type of AI that can complete tasks that demonstrate basic intelligence comparable […]

Stability AI in Turmoil, CEO Under Pressure as Possible Sale Looms

UK-based AI image developer Stability AI is reportedly exploring a sale after facing criticism and executive departures over its use of copyrighted content. American technology investment company Coatue Management sent a letter to Stability AI questioning CEO Emad Mostaque’s leadership and requesting details on executive pay. Two potential buyers that have emerged are AI marketing […]

Dataminr, the $4B big data startup, is laying off 20% of staff today, or 150 people, as it preps to double down on AI

Dataminr, a New York-based big data company valued at $4.1 billion, is laying off around 20% of its staff, or approximately 150 people. The company, which uses AI and big data algorithms to provide predictive insights about news and global events, cites the economic environment, operational efficiencies, and advancements in its AI platform as reasons […]

Scale collaborates with NVIDIA to power the next generation of LLMs with NeMo SteerLM

Scale AI and NVIDIA have joined forces to revolutionize generative AI with their collaboration on LLMs (Large Language Models). By utilizing Scale’s top-notch training datasets and NVIDIA’s NeMo SteerLM, which allows dynamic steering of models during inference, developers can create applications for a wide range of enterprise use cases, from education to chat bots to […]

Amazon announces Q, an AI chatbot for businesses

Amazon has announced a new chatbot called Q for workplace use. This move is aimed at competing with Microsoft and Google in productivity software. Q, named after the character in James Bond or Star Trek, depending on who you ask at AWS, is currently available in a preview version with free features. Once the preview […]

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