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REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsNov 28 (Reuters) - ChatGPT owner OpenAI is not expected to offer Microsoft (MSFT.O) and other investors including Khosla Ventures and Thrive Capital seats on its new board, a person familiar with the matter told Reuters on Tuesday. In a few tumultuous days last week, OpenAI ousted its CEO and founder Sam Altman without any detailed cause, setting off alarm bells among investors and employees. Microsoft, which has invested more than $10 billion in OpenAI, is one of the biggest backers of OpenAI that operates ChatGPT, its viral generative AI chatbot. In response to a question on the OpenAI board, a Microsoft spokesperson said, "We will wait until the board officially says something." OpenAI and Thrive did not immediately respond to requests for comment, while Khosla declined to comment.

Persons: Dado Ruvic, OpenAI, Sam Altman, Thomas Hayes, Bret Taylor, Larry Summers, Adam D'Angelo, D'Angelo, Altman, Satya Nadella, Khosla, Zaheer Kachwala, Mary Varghese, Kenneth Li, Arun Koyyur Organizations: REUTERS, Microsoft, Khosla Ventures, Reuters, CNBC, Thomson Locations: OpenAI, Bengaluru

An aerial view of the San Francisco city skyline in California, U.S., October 28, 2021. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 28 (Reuters) - Videogame software provider Unity Software (U.N) will eliminate 265 jobs or 3.8% of its global workforce and end an agreement with a digital video effects company founded by the "Lord of the Rings" director as part of a "reset," the company said on Tuesday. Tuesday's announcement includes termination of the professional services piece of an agreement Unity struck with movie director Peter Jackson's visual effects company Weta FX in 2021 after Unity purchased the technology and engineering division of Weta FX. As a result, 265 employees whose jobs are related to the agreement will be laid off, the company said. Reporting by Anna Tong in San Francisco Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, John Riccitiello, Jim Whitehurst, Roelof Botha, Peter Jackson's, Whitehurst, Anna Tong, Matthew Lewis Organizations: REUTERS, FRANCISCO, Unity Software, San, Unity, Sequoia Capital, FX, Weta, Reuters, Thomson Locations: San Francisco, California, U.S, Berlin, Singapore, Bellevue , Washington

[1/2] Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. The previously unreported letter and AI algorithm were key developments before the board's ouster of Altman, the poster child of generative AI, the two sources said. This could be applied to novel scientific research, for instance, AI researchers believe. In their letter to the board, researchers flagged AI’s prowess and potential danger, the sources said without specifying the exact safety concerns noted in the letter. Researchers have also flagged work by an "AI scientist" team, the existence of which multiple sources confirmed.

Persons: Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, Sam Altman’s, Altman, Mira Murati, I've, Anna Tong, Jeffrey Dastin, Krystal Hu, Kenneth Li, Lisa Shumaker Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Reuters, Microsoft, Economic Cooperation, Thomson Locations: Washington , U.S, OpenAI, San Francisco, Asia, New York

[1/2] Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. The previously unreported letter and AI algorithm was a catalyst that caused the board to oust Altman, the poster child of generative AI, the two sources said. The sources cited the letter as one factor among a longer list of grievances by the board that led to Altman’s firing. According to one of the sources, long-time executive Mira Murati told employees on Wednesday that a letter about the AI breakthrough called Q* (pronounced Q-Star), precipitated the board's actions. OpenAI defines AGI as AI systems that are smarter than humans.

Persons: Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, Sam Altman’s, Altman, Mira Murati, ChatGPT, Anna Tong, Jeffrey Dastin, Krystal Hu, Kenneth Li, Lisa Shumaker Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Reuters, Microsoft, Thomson Locations: Washington , U.S, San Francisco, New York

The previously unreported letter and AI algorithm were key developments before the board's ouster of Altman, the poster child of generative AI, the two sources said. An OpenAI spokesperson said that the message, sent by long-time executive Mira Murati, alerted staff to certain media stories without commenting on their accuracy. This could be applied to novel scientific research, for instance, AI researchers believe. In their letter to the board, researchers flagged AI’s prowess and potential danger, the sources said without specifying the exact safety concerns noted in the letter. Researchers have also flagged work by an "AI scientist" team, the existence of which multiple sources confirmed.

Persons: Sam Altman’s, Altman, Mira Murati, Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, I've, Anna Tong, Jeffrey Dastin, Krystal Hu, Kenneth Li, Lisa Shumaker Organizations: Reuters, Microsoft, Intelligence, Senate, U.S, Capitol, REUTERS, Economic Cooperation, Thomson Locations: OpenAI, Washington , U.S, San Francisco, Asia, New York

Microsoft (MSFT.O) owns 49% of the for-profit operating company, according to sources familiar with the matter. Other investors and employees control 49%, with 2% owned by OpenAI's nonprofit parent, according to Semafor. OpenAI's board fired Altman on Friday after a "breakdown of communications," according to an internal memo seen by Reuters. Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit "humanity, not OpenAI investors." Nonprofit boards have legal obligations to the organizations they oversee.

Persons: Dado Ruvic, Sam Altman, OpenAI, Altman, Minor Myers, Paul Weitzel, Weitzel, Steve Jobs, Anna Tong, Krystal Hu, Jody Godoy, Tom Hals, Kenneth Li, Lisa Shumaker, Matthew Lewis Organizations: REUTERS, Reuters, Microsoft, Venture, OpenAI Nonprofit, University of Connecticut, Nonprofit, University of Nebraska, Apple, Thomson Locations: OpenAI, San Francisco, New York

The startup's newly appointed interim head moved quickly to dismiss speculation that OpenAI's board ousted Altman due to a spat over the safety of powerful AI models. It was not clear why Murati had stepped down as interim CEO. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Some of those joining Altman at Microsoft include senior researchers Szymon Sidor and Jakub Pachocki, according to Brockman. Microsoft had supported a return by Altman to the startup, according to sources, a move that seemed likely only hours prior to Monday's announcements.

Persons: OpenAI, Emmett Shear, Sam Altman, Greg Brockman, OpenAI's, Altman, Shear, Ilya Sutskever, we've, Sutskever, Mira Murati, reinstates Altman, Brockman, Bret Taylor, Will Hurd, Murati, Carlos Barria, Richard Windsor, Satya Nadella, Szymon Sidor, Jakub Pachocki, Russ Mould, AJ Bell, Nadella, Jeffry Dastin, Anna Tong, Krystal Hu, Akash Sriram, Aditya Soni, Urvi, Shubham, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton, Chizu Nomiyama, Anil D'Silva Organizations: Microsoft, FRANCISCO, Google, OpenAI, Reuters, Economic Cooperation, REUTERS, Radio Free Mobile, Thomson Locations: OpenAI, Texas, Asia, San Francisco , California, U.S, San Franciso, New York, Bengaluru

In a statement on the social media platform X, Shear dismissed speculation that OpenAI's board ousted Altman because of a spat over the safety of powerful AI models. OpenAI dismissed Altman on Friday following a "breakdown of communications," according to an internal memo seen by Reuters. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In a separate post on X, Altman shared Nadella's message with the words, "the mission continues". loadingThe decision not to reinstate Altman as OpenAI's chief confounded efforts by investors and employees to steady the startup's path.

Persons: OpenAI, Emmett Shear, Sam Altman, Shear, OpenAI's, Altman, Satya Nadella, Greg Brockman, Carlos Barria, Nadella, Szymon Sidor, Brockman, Richard Windsor, Ilya Sutskever, Jeffry Dastin, Anna Tong, Urvi, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton Organizations: Microsoft, OpenAI, Reuters, Economic Cooperation, REUTERS, The, Radio Free Mobile, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, OpenAI, San Franciso, Bengaluru, New York

OpenAI and Altman did not reply to requests for comment. Kholsa Ventures, an early backer of OpenAI, wants Altman back at OpenAI but "will back him in whatever he does next," the fund's founder Vinod Khosla posted on X on Saturday. Others expressed support for joining Altman in starting a company, a third person familiar with the matter said. Tech website The Verge earlier reported the OpenAI board's discussions with Altman to return as CEO. Forbes reported on Saturday investors were plotting to restore Altman as CEO.

Persons: Sam Altman, Altman, Vinod Khosla, Altman's, Elon Musk, Greg Brockman, OpenAI, Brockman, Szymon Sidor, Sidor, Jony, SoftBank, Masayoshi Son, Brad Lightcap, Forbes, Krystal Hu, Anna Tong, Jeffrey Dastin, Gursimran, Chizu Nomiyama, Kenneth Li, William Mallard Organizations: Microsoft, Kholsa Ventures, Union, U.S, Altman, Reuters . Tech, Thomson Locations: OpenAI, New York, San Francisco, Gursimran Kaur, Bengaluru

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

The board of OpenAI, the company behind hit product ChatGPT, on Friday pushed out its high-profile CEO Altman, sending shock waves across the tech industry. These discussions, and options regarding our path forward, are ongoing this morning," Lightcap wrote in the memo. "We can say definitively that the board’s decision was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices," he wrote. "This was a breakdown in communication between Sam and the board." Reporting by Anna Tong in San Francisco; editing by Kenneth Li and Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman's, Sam, Brad Lightcap, Altman, Mira Murati, Greg Brockman, Brockman, Szymon Sidor, Lightcap, Anna Tong, Kenneth Li, Franklin Paul Organizations: Microsoft, Reuters, Franklin Paul Our, Thomson Locations: San Francisco

Nov 17 (Reuters) - The board of the company behind ChatGPT late on Friday fired OpenAI CEO Sam Altman - to many, the human face of generative AI - sending shock waves across the tech industry. Backed by billions of dollars from Microsoft (MSFT.O), OpenAI kicked off the generative AI craze last November by releasing its ChatGPT chatbot, which became one of the world's fastest-growing software applications. He was the face of OpenAI and the wildly popular generative AI technology as he toured the world this year. Altman posted on X shortly after OpenAI published its blog: "i loved my time at openai. "That said, we believe Microsoft and Nadella will exert more control at OpenAI going forward with Altman gone."

Persons: Sam Altman, Mira Murati, OpenAI, Altman, what’s, Murati, Tesla, Satya Nadella, Mira, Nadella, Eric Schmidt, Daniel Ives, Thomas Hayes, Davidson, Gil Luria, Samrhitha, Jeffrey Dastin, Anna Tong, Krystal Hu, Shounak Dasgupta, Kenneth Li, Richard Chang Organizations: Microsoft, Union, U.S, Reuters, OpenAI, Wedbush Securities, Economic Cooperation, Thomson Locations: openai, Asia, San Francisco, Oakland , California, Bengaluru, New York

SAN FRANCISCO, Nov 16 (Reuters) - OpenAI, whose generative AI products initially raised fears of widespread cheating on homework, is now exploring how it can get its popular ChatGPT chatbot into classrooms, according to a senior executive. Backed by billions of dollars from Microsoft (MSFT.O), OpenAI kicked off the generative AI craze last November by releasing its ChatGPT chatbot, which became one of the world's fastest-growing applications. But within a few months, teachers started seeing how ChatGPT could be beneficial, he said. A new team at OpenAI would be an extension of the work the company has already done to integrate its technology into the classroom. There are myriad ways to use ChatGPT in classrooms, said Andrew Mayne, a former OpenAI employee who works with educators through his AI consulting firm Interdimensional.

Persons: Brad Lightcap, ” Lightcap, OpenAI, we’re, Andrew Mayne, “ ChatGPT, ”, Anna Tong, Kenneth Li, Matthew Lewis Organizations: FRANCISCO, INSEAD Americas, Microsoft, Union, U.S, Khan Academy, Schmidt Futures, “, Thomson Locations: San Francisco, OpenAI, Sydney

The Transamerica Pyramid building is seen as tourists ride a cable car in downtown San Francisco, California, U.S., July 7, 2023. San Francisco has been waging for years a multi-pronged war on drugs and related crime, homelessness and unaffordable housing. "They do this for the Superbowl, they do this for conferences ... but nothing ends homelessness like a home," Boden said. The city has a homelessness rate of 887 people per 100,000 residents, according to a 2023 report from the San Francisco controller's office on 16 American cities. Reporting by Peter Henderson and Anna Tong in San Francisco; Editing by Sayantani Ghosh and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, Joe Biden's, Christopher Crandall, he'd, He'd, Gavin Newsom, Biden, China's Xi, Paul Boden, " Boden, Tesla, Elon Musk, Trevor Chandler, I’ve, Peter Henderson, Anna Tong, Sayantani Ghosh, Stephen Coates Organizations: REUTERS, FRANCISCO, Economic Cooperation, United Nations, Police, APEC, Western Regional Advocacy, San, Fox News, Twitter, Thomson Locations: San Francisco , California, U.S, Asia, San Francisco, California, Francisco, Oakland, Los Angeles

These are then smuggled into the United States, the officials say. Last month, the United States imposed sanctions on 28 people and entities involved with the international proliferation of illicit drugs, including a large China-based network. Biden is also due to meet with Mexican President Andres Manuel Lopez Obrador in San Francisco. In San Francisco, state and local officials have tried to clean up drugs from the city's streets, with limited success. "We know San Francisco - and cities across the United States - will benefit from more targeting of the trafficking and production of fentanyl worldwide," a spokesperson for Breed said in a statement.

Persons: Joe Biden, Xi Jinping, Biden, Xi, Mike Odeh, Jake Sullivan, Washington, General Merrick Garland, Andres Manuel Lopez Obrador, Alicia Barcena, Brooke Jenkins, Mayor London Breed, Breed, Michael Martina, Sayantani Ghosh, Michelle Nichols, Josie Kao Organizations: Customs, Port, U.S . Customs, FRANCISCO, U.S, Economic Cooperation, United, city's, APEC, U.S . Centers for Disease Control, Prevention, . National, Washington, Biden, Institute of Forensic Science, China's Ministry of Public Security, Commerce, San Francisco . Mexican Foreign, Mayor London, Thomson Locations: Arizona, Mexico, Nogales , Arizona, U.S, Asia, Pacific, San Francisco, United States, China, CHINA, MEXICO, Washington, San Francisco . Mexican, Francisco's

Google and Character AI did not respond to requests for comment. The demographic is helping the company position itself as the purveyor of more fun personal AI companions, compared to other AI chatbots from OpenAI's ChatGPT and Google's Bard. Character.AI is also in talks to raise equity funding from venture capital investors, which could value the company at over $5 billion, sources said. The talks with Google are ongoing and terms of the deal could change, said the sources, who requested anonymity as the discussions are private. Anthropic uses Google's cloud services as well as its latest version of TPUs.

Persons: Character.AI, Noam Shazeer, Daniel De Freitas, Billie Eilish, Character.AI's, Google's Bard, Andreessen Horowitz, Lina Khan, Krystal Hu, Anna Tong, Jeffrey Dastin, Bill Berkrot Organizations: Google, Reuters, Microsoft, . Federal Trade Commission, Thomson Locations: OpenAI, ., San Francisco, New York

[1/2] Artificial Intelligence words are seen in this illustration taken March 31, 2023. Companies are increasingly using AI to make decisions including about pricing, which could lead to discriminatory outcomes, experts warned at the conference. “We should not underestimate how powerful these models are now and how rapidly they are going to get more powerful,” he said. Developing ever-more powerful AI will also risk eliminating jobs to a point where it may be impossible for humans to simply learn new skills and enter other industries. “Once that happens, I fear that it's not going to be so easy to go back to AI being a tool and AI as something that empowers people.

Persons: Dado Ruvic, ” Gary Marcus, Marcus, Marta Tellado, Anthony Aguirre, ”, –, Anna Tong, Lisa Shumaker Organizations: REUTERS, Reuters NEXT, New York University, Companies, Consumer, Life Institute, Reuters, reuters, Thomson Locations: New York, San Francisco

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

[1/3] A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 - ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference on Monday. Generative AI can, using past data, create brand new content like fully formed text, images and software code. OpenAI is expected to announce updates focused on slashing costs for its developers, as well as new vision capabilities, Reuters previously reported. Cost-cutting addresses a major concern for partners whose spending on OpenAI's powerful models could pile up quickly as they try to build sustainable businesses by developing and selling AI software.

Persons: Dado Ruvic, OpenAI, Sam Altman, Altman, Anna Tong, Krystal Hu, Richard Chang Organizations: REUTERS, Microsoft, Reuters, Thomson Locations: San Francisco, City Hall, Francisco's, Silicon

The AI cloud-computing organization, called Voltage Park, has 24,000 Nvidia H100 chips, Voltage Park CEO Eric Park told Reuters in an interview. The operation plans to offer long- and short-term, low-cost AI computing to help alleviate the shortage of AI chips. Voltage Park plans to set up clusters of the Nvidia AI chips in Texas, Virginia and Washington. After the release of OpenAI's ChatGPT last year, demand for Nvidia's advanced AI silicon soared as businesses scrambled for chips to power their AI ambitions. Intel , Advanced Micro Devices (AMD.O) and a host of startups sell competing AI chips that are also in heavy demand.

Persons: Jed McCaleb, Eric Park, OpenAI's ChatGPT, McCaleb, Max A, Anna Tong, Cynthia Osterman Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, Reuters, Intel, Devices, Navigation Fund, Navigation, Thomson Locations: Santa Clara , CA, Texas , Virginia, Washington, Gox, San Mateo , California, San Francisco

Microsoft's chief financial officer Amy Hood said on a conference call with analysts that higher-than-expected AI consumption was responsible for a 3 percentage point boost to its cloud business. Alphabet has prioritized snaring AI startups as customers for its cloud division, while Microsoft has relied on its existing relationships to secure larger customers. Azure revenue rose 29%, higher than a 26.2% growth estimate from market research firm Visible Alpha. RBC Capital Markets has previously estimated that Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal year. Quite surprising to see strong growth reacceleration in the Azure Cloud segment, which is clearly driven by AI-as-a-service related demand," said Global X analyst Tejas Dessai.

Persons: Microsoft's, Bob O'Donnell, Bing, Bard, Amy Hood, Krishna Chintalapalli, capex, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Stephen Nellis, Sayantani Ghosh, Sonali Paul Organizations: Microsoft, Wall, Microsoft's, TECHnalysis, Parnassus Investments, DAZZLES, Alpha, RBC Capital Markets, Reuters Graphics Microsoft, Tejas Dessai, AWS, Thomson Locations: Bengaluru, Anna, San Francisco

The company's revenue rose 13% to $56.5 billion in the quarter ended Sept. 30, compared with analysts' consensus estimate of $54.52 billion, according to LSEG data. Revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud-computing platform, grew to $24.3 billion, compared with analysts' estimate of $23.49 billion, LSEG data showed. Microsoft said on Tuesday that its fiscal first-quarter profit was $2.99 per share, above analyst estimates of $2.65 per share, according to LSEG data. Sales of its Windows operating system and other products in the segment grew to $13.7 billion, compared with analysts' consensus estimate of $12.82 billion, according to data from LSEG. The segment containing the LinkedIn social network and its office productivity software grew to $18.6 billion, compared with analysts' consensus estimate of $18.20 billion, according to LSEG data.

Persons: Dado Ruvic, Jesse Cohen, Jeremy Goldman, Anna Tong, Stephen Nellis, Yuvraj Malik, Devika Syamnath, Peter Henderson, Matthew Lewis Organizations: Microsoft, REUTERS, Investing.com, Alpha, Intelligence, Thomson Locations: Investing.com ., Redmond, Washington, San Francisco, Bengaluru

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 - Artificial Intelligence startup Imbue said on Thursday it has secured an additional $12 million in follow-on funding to its Series B round, bringing its total raised to over $210 million in cash. In September, Imbue announced its Series B round of $200 million at a valuation of over $1 billion. Imbue is focused on creating a model for enabling so-called autonomous agents, AI systems which promise to perform more sophisticated personal and work tasks such as meeting scheduling or complex data analysis, without close supervision. The key to AI systems that can perform large-scale, real-world tasks is creating AI that has better reasoning capabilities, Imbue CEO Kanjun Qiu said in an interview.

Persons: Dado Ruvic, Eric Schmidt, Imbue, Kanjun Qiu, Qiu, Anna Tong, Richard Chang Organizations: REUTERS, Intelligence, Alexa Fund, Google, Microsoft, Thomson Locations: San Francisco

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