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Companies Openai LLC FollowApple Inc FollowMicrosoft Corp Follow Show more companiesNov 18 (Reuters) - Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to launch, sources briefed on the plan said on Saturday. Altman could not be reached for comment and Brockman did not immediately respond to a Reuters request for comment. Some researchers at OpenAI, including Szymon Sidor, have quit the company over the CEO change but it was unclear if Sidor and others will join Altman's new venture. The board of OpenAI, the company behind hit product ChatGPT, on Friday pushed out its high-profile CEO Altman. Co-founder Brockman quit shortly after Altman was fired.

Persons: Sam Altman, Greg Brockman, OpenAI, Altman, Brockman, Szymon Sidor, Sidor, Jony, Masayoshi Son, Altman's, Brad Lightcap, Krystal Hu, Anna Tong, Jeffrey Dastin, Gursimran, Chizu Nomiyama, Kenneth Li Organizations: Microsoft, Reuters, Thomson Locations: New York, San Francisco, Gursimran Kaur, Bengaluru

OpenAI is calling the customized AI apps "GPTs", which the company said are early versions of AI assistants that perform real-world tasks, such as booking flights, on behalf of a user. In addition to GPTs, OpenAI also released a slew of developer-focused updates, including significant cost slashing, an announcement met with loud cheers from the audience. For its 2 million developers, OpenAI announced a new GPT-4 Turbo model, which compared to its predecessor GPT-4 is several orders of magnitude cheaper and processes much more data. It also launched a beta program for developers to fine-tune GPT-4 models. To address the concerns of big enterprises, OpenAI launched its Custom Models program, offering to create custom GPT-4 models at an "expensive" price.

Persons: OpenAI, Sam Altman, Altman, It's, you'll, Flo Crivello, Crivello, Lindy, Satya Nadella, Krystal Hu, Anna Tong, Paul Simao, Stephen Coates Organizations: FRANCISCO, Anthropic, Google, Microsoft, Thomson Locations: San Francisco, OpenAI

ChatGPT, launched in November 2022, now has 100 million weekly active users, Altman said. Even before event attendees were allowed to check in at 8:30 a.m. PST, hundreds had lined up around the block in the Mid-Market neighborhood in downtown San Francisco. For its 2 million developers, OpenAI announced a new GPT-4 Turbo model and slashed the cost by over 50%. To address data and price concerns of big enterprises, OpenAI launched its Custom Models program, offering a dedicated group of researchers to train custom GPT-4 for them. Reporting by Krystal Hu and Anna Tong in San Francisco Editing by Richard Chang and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Altman, ChatGPT, you'll, Satya Nadella, OpenAI, Krystal Hu, Anna Tong, Richard Chang, Matthew Lewis Organizations: FRANCISCO, San, Microsoft, Anthropic, Google, Thomson Locations: San Francisco, OpenAI

The updates include the addition of memory storage to its developer tools for using AI models. The new features are expected to be rolled out at OpenAI’s first-ever developer conference in San Francisco on November 6, sources said. Keeping developers happy has been a major focus for OpenAI, these sources told Reuters. Earlier this year, the company rushed to release ChatGPT plugins, add-on tools that allow developers to create applications within ChatGPT. Earlier this year, Altman admitted to a group of developers in London that plugins have not gained market traction.

Persons: Sam Altman, Elon Musk, Altman, Musk doesn't, OpenAI, Jasper, ChatGPT, Lakshya Bakshi, Krystal Hu, Anna Tong, Kenneth Li, Nick Zieminski Organizations: Reuters, Elon, Google, Thomson Locations: OpenAI’s, San Francisco, London

March 23 (Reuters) - Character.AI has raised $150 million in a new funding round led by Andreessen Horowitz that valued the AI chatbot startup at $1 billion, and it's in talks with cloud providers for more strategic investment, the company told Reuters. The billion-dollar valuation for a company with zero revenue is another example of the continued AI funding boom since OpenAI's ChatGPT became a widely recognized name. AI investment in 2023 to date has surpassed the full-year amount in 2020 of $1.5 billion, according to PitchBook data. While not currently generating any revenue, Character.AI plans to launch a paid subscription "in the not distant future", while keeping the current free version available, Shazeer said. Founded in 2021 by former Google researchers Noam Shazeer and Daniel De Freitas, Character.AI had attracted backers including former GitHub CEO Nat Friedman.

[1/2] A sign for Silicon Valley Bank (SVB) headquarters is seen in Santa Clara, California, U.S. March 10, 2023. The bank's sudden shutdown sent a chill through Silicon Valley amid an otherwise gloomy period marked by tech layoffs and a pullback in spending as consumers tightened their wallets. Company executives, many of whom stashed all of their funds in Silicon Valley Bank, took to Twitter and other social media networks to beg for relief. A joint statement Sunday by U.S. government bodies including the Treasury Department and Federal Reserve indicated taxpayers would not bear any cost associated with the new plans around Silicon Valley Bank. Silicon Valley Bank until now had been a reliable source of funding for startups relative to other banks.

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