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Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. When Nvidia reports fiscal third-quarter results Tuesday, analysts are expecting to see revenue growth of over 170%. Heading into the Thanksgiving holiday, Wall Street will be closely scrutinizing the company that's been at the heart of this year's artificial intelligence boom. In particular, the emergence of AMD in the generative AI market presents a new dynamic for Nvidia, which has mostly had the AI graphics processing unit (GPU) market to itself. "NVDA needs to forcefully counter the narrative its products are too expensive for generative AI inference," the Bank of America analysts wrote.
Persons: Jensen Huang, that's, Lisa Su, Raymond James, OpenAI's, Sam Altman, OpenAI, Emmett Shear, Satya Nadella, Altman, Greg Brockman, Jensen, Eric Jackson Organizations: Nvidia, " Bank of America, AMD, Bank of America, FactSet, LSEG, Microsoft, Cailian Press Locations: China, OpenAI
After a weekend of rumor and speculation, Emmett Shear — former co-founder and CEO of Twitch — confirmed he will take the top job at probably the most high-profile AI company in the world. watch nowTwitch was acquired by Amazon for $1 billion in 2014 and Shear stepped down as CEO of Twitch last year. Before Shear started Twitch, he was the co-founder of Kiko Calendar, a calendar app he worked on through the 2005 Y Combinator program. As head of OpenAI, Shear will likely face pressure from regulators who have been heavily scrutinizing AI model companies given the risks the technology poses around misinformation and potential displacement of jobs. Earlier this month, the U.K. held a pivotal summit on AI safety, attended by major foundational AI companies, to discuss some of the most pressing issues in the field.
Persons: Emmett Shear, Eoin Noonan, It's, Sam Altman, Twitch —, Shear, Altman, ChatGPT, Emmett, Justin Kan, Michael Seibel, Kyle Vogt, Kan, Twitch, Y, Kiko Organizations: Web, Getty, Amazon, YouTube Locations: LISBON, PORTUGAL, Lisbon, Portugal, Silicon
A timeline of Sam Altman's firing and dramatic return to OpenAI
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +1 min
Companies Openai LLC FollowMicrosoft Corp FollowNov 21 (Reuters) - OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center of the global artificial intelligence boom. [1/2]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria Acquire Licensing RightsFollowing his surprise dismissal on Friday, Altman had briefly joined Microsoft (MSFT.O) as the head of artificial intelligence research along with the ChatGPT maker's former President Greg Brockman and other staff. The developments come less than a year after OpenAI kicked off a generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: OpenAI, Sam Altman, Carlos Barria, Altman, Greg Brockman, Akash Sriram, Shounak Dasgupta, Nivedita Organizations: Microsoft, Economic Cooperation, REUTERS, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru
On Friday, the board of OpenAI, the buzzy AI company behind viral chatbot ChatGPT, suddenly and publicly ousted its CEO Sam Altman. OpenAI's board said it conducted "a deliberative review process" and that Altman "was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities." She is an adjunct senior management scientist at Rand Corporation and has been on the OpenAI board since 2018. "While our partnership with Microsoft includes a multibillion-dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit," OpenAI has publicly stated. On that day, Altman told Nadella, "I think we have the best partnership in tech and I'm excited for us to build AGI together."
Persons: Sam Altman, Altman, OpenAI, Greg Brockman, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Reid Hoffman, Neuralink, Zilis, Will Hurd, Brockman, Sam, Sutskever, he's, D'Angelo, McCauley, Toner, Andreessen Horowitz, AGI, weren't, Mira Murati, OpenAI's Dev, Satya Nadella, Nadella, Dev, Brad Lightcap Organizations: Thursday's APEC, Summit, Google, Facebook, OpenAI, GeoSim Systems, Rand Corporation, University of Oxford's Center, Georgetown's Center for Security, Emerging Technology, Sequoia Capital, Microsoft, CNBC, Fortune Locations: Texas, OpenAI
Sam Altman was fired from OpenAI in a shock move on Friday. AdvertisementThree senior researchers have quit from artificial intelligence firm OpenAI following the dismissal of its CEO Sam Altman, The Information reported, citing multiple people familiar with the situation. Ilya told Sam he was being fired and that the news was going out very soon," he wrote. AdvertisementOpenAI chief scientist Ilya Sutskever speaks alongside the company's CEO Sam Altman. Under Altman's tenure, OpenAI launched the pioneering AI chatbot ChatGPT and secured $10 billion in investment from Microsoft.
Persons: Sam Altman, , Altman, OpenAI, Jakub Pachocki, Aleksander Madry, Szymon Sidor, Pachocki, Greg Brockman, Brockman, Ilya Sutskever, Sam, Ilya, Greg, Sutskever, JACK GUEZ, chatbot ChatGPT Organizations: Service, Google, OpenAI, Microsoft Locations: OpenAI
OpenAI's board of directors said Friday that Sam Altman will step down as CEO and will be replaced on an interim basis by technology chief Mira Murati. "The board no longer has confidence in his ability to continue leading OpenAI," the statement said. The board also said that Greg Brockman, OpenAI's president, "will be stepping down as chairman of the board and will remain in his role at the company, reporting to the CEO." Before taking over as CEO, Altman, 38, was president of startup accelerator Y Combinator and gained prominence in Silicon Valley as an early-stage investor. Microsoft CEO Satya Nadella made a surprise guest appearance during the event, joining Altman on stage to discuss the startup's AI technologies and its partnership with Microsoft.
Persons: Sam Altman, Mira Murati, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, OpenAI, Greg Brockman, what's, Murati, Mira, ChatGPT, Satya Nadella, Nadella, Elon Musk, Altman, rapt, Ted Lieu, Mike Johnson, Joe Biden, Xi Jinping, Altman didn't, — CNBC's Lora Kolodny Organizations: Tech, Conference, Georgetown Center for Security, Emerging Technology, Microsoft, OpenAI, U.S . Senate, House Democratic Caucus, Economic Cooperation, U.S Locations: Laguna Beach , California, Mira, Silicon Valley, Indonesia, Asia, Pacific, Singapore, India, China, South Korea, Japan, San Francisco
CNN —OpenAI, the company behind the viral chatbot ChatGPT, fired its CEO and founder, Sam Altman, on Friday. The company, in a statement, said an internal investigation found that Altman was not always truthful with the board. ChatGPT launched late last year, making Altman an overnight quasi-celebrity and the face of a new crop of AI tools that can generate images and texts in response to simple user prompts. Google has a rival called “Bard,” and other generative AI tools have been developed in recent months. “I am sure the OpenAI board took this decision after a lot of deliberation,” he said.
Persons: CNN — OpenAI, Sam Altman, shockwaves, Altman, Mr, ” OpenAI, Mira Murati, , , what’s, ChatGPT, “ Bard, Kamala Harris, Joe Biden, OpenAI, Elon Musk, Arun Chandrasekaran, he’s, Murati, Mira, Eric Schmidt, ” Schmidt, ” Reece Hayden, ” Hayden, CNN’s Clare Duffy Organizations: CNN, Fortune, Microsoft, Google, , White House, Gartner Research, Dartmouth, OpenAI, Tesla, ABI Research Locations: openai, San Francisco, Albania
Sam Altman, the high-profile chief executive of OpenAI, who became the face of the tech industry’s artificial intelligence boom, has been pushed out of the company by its board of directors, OpenAI said in a blog post on Friday afternoon. Mira Murati, who previously served as the company’s chief technology officer, has been named interim chief executive officer, the company said. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” the company said. “The board no longer has confidence in his ability to continue leading OpenAI.”The move is a stunning fall for Mr. Altman, 38, who over the last year had become one of the tech industry’s most prominent executives as well as one of its most fascinating characters. Last fall, OpenAI launched an industrywide A.I.
Persons: Sam Altman, OpenAI, Mira Murati, “ Mr, Altman Organizations: Mr
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Persons: OpenAI chatbot ChatGPT, Nvidia's, NVDA Organizations: Securities and Exchange Commission, Nvidia
OpenAI CEO Sam Altman is out, the company's board said late Friday. Mira Murati, OpenAI's chief technology officer, will replace Altman as the interim CEO. "A member of OpenAI's leadership team for five years, Mira has played a critical role in OpenAI's evolution into a global AI leader. Murati joined OpenAI as a researcher in 2018 when the company had just 40 to 50 employees, she told Fortune. "Our goal is to get to AGI, and we want to get there in a way that makes sure that AGI goes well for humanity," Murati told Fortune.
Persons: Sam Altman, Mira Murati, Altman, , Mira, OpenAI, PATRICK T, FALLON, Murati, ChatGPT, Tesla, Eugene Gologursky, She's, AGI, Getty, Rainer Maria Rilke Organizations: Service, Albania who's, Murati, Dartmouth, OpenAI, Time Magazine, Radiohead Locations: Albania, Murati, AGI, Silicon Valley, Vancouver
Within two months of OpenAI launching its AI chatbot ChatGPT last November, it surpassed 100 million monthly users. Major tech companies like Microsoft, Amazon, and Google have invested billions in deals with AI companies like OpenAI and Anthropic, while venture capital firms have placed eight-figure bets on AI startups. AdvertisementMore money in AI means more jobs in AI, and companies big and small are now on the hunt for AI talent. These AI jobs range from software developers and machine learning engineers building in-house AI tools to prompt engineers that fine tune AI chatbots to produce the best outputs. Generative AI has even created a cottage industry of side hustles like ChatGPT course instruction, AI content editing, and newsletters focused on AI-news.
Persons: , chatbot ChatGPT, Goldman Sachs, Karin Kimbrough, LinkedIn's, Daron Acemoglu, Zer, Richard Baldwin, Aaron Mok Organizations: Service, Microsoft, Google, LinkedIn, Meta, Netflix, Apple, MIT, Nvidia, IBM
SAN FRANCISCO (AP) — President Joe Biden and other global leaders have spent the past few days melding minds with Silicon Valley titans in San Francisco, their discussions frequently focusing on artificial intelligence, a technology expected to reshape the world, for better or worse. “The world is at an inflection point — this is not a hyperbole," Biden said Thursday at a CEO summit held in conjunction with APEC. None were more bullish than Microsoft CEO Satya Nadella, whose software company has invested more than $10 billion in OpenAI, the startup behind the AI chatbot ChatGPT. That is, we finally have a technology that understands us, not the other way around,” Nadella said at the CEO summit. Musk had been scheduled to discuss his hopes and fears surrounding AI during the CEO summit with Salesforce CEO Marc Benioff, but canceled Thursday because of an undisclosed conflict.
Persons: Joe Biden, Biden, Satya Nadella, ChatGPT, Nadella, , ” Nadella, Sundar Pichai, ” Pichai, we’ve, Pichai, , State Condoleezza Rice, ” Robert Moritz, Moritz, Elon Musk, Musk, Marc Benioff Organizations: FRANCISCO, Valley titans, Economic Cooperation, APEC, Microsoft, Google, Inc, State, Hoover Institution, Stanford University, , PricewaterhouseCoopers Locations: San Francisco, Asia, OpenAI
Tencent president Martin Lau said on Wednesday the company is holding a vast stockpile of chips. Its inventory is enough to last its AI development a "couple more generations," Lau said. The US issued a new AI chip export ban to China in October, sparking fears that Tencent could be hit. But Lau also said Tencent will eventually have to pivot toward China-made AI chips. "Going forward, we have to figure out ways to make usage of our AI chips more efficient," Lau said.
Persons: Martin Lau, Lau, , Tencent, Biden Organizations: US, Service, Nvidia, Baidu, Financial Times Locations: China
[1/2] Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. "A large language model itself is a basic foundation akin to an operating system, but ultimately developers need to rely on a limited number of large models to develop various native applications. Li said there are many large models in China, but AI applications developed based on large models are still very few. Baidu's own large language model, called Ernie, was opened to public use in August, joining other products that have received government approval for release. Last month, Baidu unveiled the newest version of its generative AI model Ernie 4.0, whose first version was first rolled out in March.
Persons: Florence, Robin Li, OpenAI, Li, Ernie, Yelin, Brenda Goh, Eduardo Baptista, Kim Coghill Organizations: Baidu, REUTERS, Rights, HK, Thomson Locations: Beijing, China, Rights BEIJING, Shenzhen, Yelin Mo, Shanghai
OpenAI seeks partnerships to generate AI training data
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 9 (Reuters) - ChatGPT maker OpenAI said on Thursday it intends to work with organizations to produce public and private datasets for training artificial intelligence (AI) models. Popular chatbot ChatGPT, which can generate poems and prose from simple prompts, is based on large language models that are trained entirely on open-source data available on the Internet. The company's latest effort could help it produce more nuanced training data that are more conversational in style. OpenAI said it is seeking partners to help it create an open-source dataset for training language models. The company said it is also preparing private datasets for training proprietary AI models.
Persons: Dado Ruvic, OpenAI, Jaspreet Singh, Shilpi Majumdar Organizations: REUTERS, Thomson Locations: Bengaluru
Elon Musk has been playing up the humorous side of his AI chatbot, Grok. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIt's been a few days since Elon Musk launched his AI chatbot, Grok, which is the latest offering from startup xAI. One example, shared by X employee Christopher Stanley, involved Grok comparing scaling API requests to a "never-ending orgy." Grok can answer "spicy" questions rejected by other AI models and has a "rebellious streak," the company said.
Persons: Elon Musk, , Christopher Stanley, Musk, Grok Organizations: Service, Elon, X, Google, Microsoft
CNN —The technology behind viral AI chatbot ChatGPT just got a whole lot smarter. Microsoft CEO Satya Nadella, an early partner of OpenAI, joined Altman on stage to discuss how his company continues to infuse GPT technology into its suite of 365 tools. Similar to plugins, GPT can connect to databases, be used in emails or facilitate e-commerce orders, the company said. A digital ecosystemOpenAI is also rolling out a GPT Store, starting later this month, to allow GPTs to become searchable. “We are just as annoyed as all of you, probably more, that GPT’s knowledge of the world ended in 2021,” he added.
Persons: ChatGPT, OpenAI, Sam Altman, Satya Nadella, Altman, , “ I’ve, , ” Altman, Arun Chandrasekaran, “ GPTs, you’ll Organizations: CNN, Fortune, Microsoft, Adobe, Gartner Research Locations: San Francisco, what’s
Elon Musk says xAI is about to release its first AI model. He said the model would be available to a "select group" on Saturday. AdvertisementAdvertisementElon Musk's xAI is gearing up to release its first AI model. In a post on X, formerly Twitter, Musk announced his company was set to release the model to a "select group" on Saturday. It's unclear who is part of the "select group" to gain access to the model.
Persons: Elon Musk, xAI, , Elon, Musk, He's, GPT, Manuel Kroiss, Igor Babuschkin Organizations: Service, Twitter
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit , two anonymous sources familiar with the deal told CNBC. The deal was structured as a convertible debt agreement, meaning that the debt will be converted into equity when Wefox next raises cash, the sources told CNBC. The fresh funding follows on from a $55 million debt round Wefox raised from JPMorgan and Barclays and a $55 million internal fundraise earlier this year. As Wefox didn't raise equity, its valuation remains unchanged at $4.5 billion. Wefox is also pushing into a new model of selling insurance called "affinity" distribution.
Persons: Wefox, Goldman Sachs Organizations: Deutsche Bank, CNBC, JPMorgan, Barclays, VC, Salesforce Ventures, Target, Horizon Ventures, UBS, Mubadala Capital Ventures, Jupiter Asset Locations: U.S, Germany, Paris, Barcelona, Milan
OpenAI CEO Sam Altman said he let his nerves get the better of him when he met Steve Jobs. In a resurfaced interview clip, Altman called Jobs his "childhood idol." The OpenAI CEO has more recently been compared to tech titans like Jobs. AdvertisementAdvertisementSam Altman once became deeply starstruck after meeting his idol, Steve Jobs. AdvertisementAdvertisementThe OpenAI CEO has become a star within the tech world after his company launched the viral chatbot ChatGPT.
Persons: Sam Altman, Steve Jobs, Altman, Organizations: Jobs, Service, Apple, Microsoft, Google, CNN Locations: Silicon Valley
LONDON, Oct 31 (Reuters) - Britain will host the world's first global artificial intelligence (AI) safety summit this week to examine the risks of the fast-growing technology and kickstart an international dialogue on regulation of it. The aim of the summit is to start a global conversation on the future regulation of AI. Currently there are no broad-based global regulations focusing on AI safety, although some governments have started drawing up their own rules. A recent Financial Times report said Sunak plans to launch a global advisory board for AI regulation, modeled on the Intergovernmental Panel on Climate Change (IPCC). When Sunak announced the summit in June, some questioned how well-equipped Britain was to lead a global initiative on AI regulation.
Persons: Olaf Scholz, Justin Trudeau –, Kamala Harris, Ursula von der Leyen, Wu Zhaohui, Antonio Guterres, James, Demis Hassabis, Sam Altman, OpenAI, Elon Musk, , Stuart Russell, Geoffrey Hinton, Alan Turing, Rishi Sunak, Sunak, Joe Biden, , Martin Coulter, Josephine Mason, Christina Fincher Organizations: Bletchley, WHO, Canadian, European, United Nations, Google, Microsoft, HK, Billionaire, Alan, Alan Turing Institute, Life, European Union, British, EU, UN, Thomson Locations: Britain, England, Beijing, British, Alibaba, United States, China, U.S
Rates of cloud-computing sales growth slowed to historical lows this year as customers slashed IT budgets. Microsoft and Google, the next two biggest American cloud providers, also saw rates of cloud-revenue growth slow this year. Microsoft's Azure and other cloud services saw revenue growth of 29%, down from 35% this time last year. Google this week reported a 22% year-over-year increase in cloud revenue the past quarter, down from 28% the previous quarter. The company attributed this to customer "optimization," or looking for ways to save money on cloud services.
Persons: Karl Keirstead, they're, they'd, Rishi Jaluria, Andy Jassy, Jassy, Ellen Thomas Organizations: Microsoft, Web Services, Google, Enterprises, UBS, Wall, RBC Capital Markets, Amazon Locations: Ukraine, Israel, ethomas@insider.com
Microsoft and Google, the next two biggest American cloud providers, also saw cloud revenue growth rates slow this year. Microsoft Azure and other cloud services saw revenue growth of 29%, down from 35% this time last year. Wall Street has been hopeful that generative AI will provide a much-needed revenue boost for the big three cloud providers. The one exception is Microsoft, which has spent billions investing in generative AI startup OpenAI, maker of the chatbot ChatGPT. Amazon CEO Andy Jassy stressed on the earnings call Thursday that generative AI is still in its "early days."
Persons: Karl Keirstead, they're, they'd, Rishi Jaluria, Andy Jassy, Jassy, Ellen Thomas Organizations: Microsoft, Web Services, Google, UBS, Enterprises, Wall, RBC Capital Markets, Amazon Locations: Ukraine, Israel, ethomas@insider.com
AI boom could feed precious metals' demand - Metals Focus
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +2 min
Ingots of 99.99 percent pure silver are placed in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File photo Acquire Licensing RightsOct 25 (Reuters) - The artificial intelligence (AI) boom could support industrial demand for precious metals next year, although high interest rates and economic concerns may be near-term headwinds, Metals Focus said on Wednesday. Since most components used in conjunction with AI devices are sophisticated, "we expect to see widespread support for a range of precious metals bearing components," Metals Focus said in a note to investors. To cope with the evolution of AI algorithms, shipping growth for AI servers and switches will rise by double digits over the next few years and stimulate precious metals demand, Metals Focus said. Spot gold prices have climbed about 9% in the past two weeks, mainly fueled by safe-haven inflows triggered by the Israel-Hamas conflict, providing a tailwind for other precious metals as well.
Persons: Alexander Manzyuk, ChatGPT, Ashitha Shivaprasad, Arpan Varghese, Richard Chang Organizations: REUTERS, Metals, Nvidia, Thomson Locations: Novosibirsk, Siberian, Russia, Israel, Bengaluru
OpenAI’s Sam Altman and Mira Murati discuss the capabilities of their future GPT models, how human relationships with AI will change in the future and fears about safety, liability and work as the technology advances. Photo: Nikki Ritcher for The Wall Street JournalIn the fast-moving world of artificial intelligence, talk about the future tends to focus on something referred to as “artificial general intelligence”—the stage at which AI will be capable of doing any job a human can do, only better. Perhaps no company is in a better position to talk about the potential benefits and risks of this so-called AGI than OpenAI (49%-owned by Microsoft ), the creators of the popular chatbot ChatGPT. At The Wall Street Journal’s annual Tech Live conference last week, the Journal’s senior personal-technology columnist Joanna Stern spoke with OpenAI’s Chief Executive Sam Altman and Chief Technology Officer Mira Murati . Edited excerpts of their conversation follow.
Persons: OpenAI’s Sam Altman, Mira Murati, Nikki Ritcher, , Joanna Stern, Sam Altman Organizations: Wall, Microsoft, Tech, OpenAI’s
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