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☆ Sam Altman may be in his villain era, but no one seems to care
▼ + stars: | 2024-09-14 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

As one VC partner told Business Insider at the time: "Sam is bigger than Taylor Swift." But the bigger you are, the faster the fall, and a few months later, things began to unravel. Others simply said Altman was overhyped, that he didn't have all the answers that the public and investors seemed to expect of him. Thanks to good old-fashioned capitalism, Altman and OpenAI have enjoyed business win after win and held their positions as the leaders in the aggressive AI race. "I thought Sam Altman did a really good job in the special," she told The Washington Post in a discussion about her TV program on artificial intelligence.

Persons: —, Sam Altman, Taylor Swift, Altman, Oscar, Scarlett Johansson, Johansson, Ilya Sutskever, Jan Leike, Leike, Anthropic —, Greg Brockman, OpenAI, Siri, Goldman Sachs, OpenAI fanboys, Wharton, Ethan Mollick, Anderson Cooper, Josh Kushner —, Oprah Winfrey Organizations: Service, OpenAI, Business, —, Leike, Apple, Microsoft, Nvidia, tech's, o1, Washington Locations: OpenAI —, Valley

☆ AI turned Big Tech stocks around. But a huge sell-off shows investors are wary of the insane spending.
▼ + stars: | 2024-07-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Big Tech appears to be tipping into troubled territory again. Read previewIn 2022, US tech companies grappled with falling demand after aggressive expansions during the pandemic, prompting a rout in tech stocks. This concentration makes the effect of any major decline in Big Tech stocks even more pronounced. All eyes on the rest of Big TechOther Big Tech companies, including Amazon, Apple, Microsoft, and Meta, report quarterly earnings next week. As for Big Tech, it appears to be a case of being safe rather than being sorry — because they can afford to.

Persons: —, Michael Strobaek, Lombard Odier, Strobaek, Katherine Tangalakis, Jim Reid, Reid, Anthropic, Lombard Odier's Strobaek, Sundar Pichai Organizations: Tech, Service, Nasdaq, Business, Lombard, Big, Bloomberg, Google, Big Tech, Apple, Microsoft, Meta, Deutsche Bank, Amazon Locations: Swiss, Big Tech

OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. The Federal Trade Commission and the Justice Department are set to open antitrust investigations into Microsoft , OpenAI and Nvidia , examining the powerful companies' influence on the artificial intelligence industry, a source familiar confirmed to CNBC. The FTC will take the lead on looking into Microsoft and OpenAI, while the DOJ will focus on Nvidia, and the investigations will focus on the companies' conduct, rather than mergers and acquisitions, according to the source. The news also follows the FTC's January decision to conduct an extensive study on AI industry heavyweights, including Amazon , Alphabet , Microsoft, Anthropic and OpenAI. Microsoft and OpenAI did not immediately respond to requests for comment.

Persons: Sam Altman, Kevin Scott, Anthropic, Claude chatbots, that's, Lina Khan, Khan, OpenAI, — CNBC's Eamon Javers Organizations: Microsoft Chief Technology, Artificial, Microsoft, Federal Trade Commission, Justice Department, Nvidia, CNBC, FTC, DOJ, New York Times, Google, Meta Locations: Redmond , Washington

☆ CEO of Anthropic — the AI company Amazon is betting billions on — says it could cost $10 billion to train AI in 2 years
▼ + stars: | 2024-05-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Anthropic CEO Dario Amodei said training AI could one day cost $100 billion. Amodei told CNBC that he isn't worried about the commoditization of large language AI models. Amodei told CNBC that current models already cost a company $100 million to develop — and that price will only increase as the technology advances. "I think we're going to see models trained in the next year are going to be about $1 billion," Amodei told the outlet. Amodei said some AI models may specialize in topics like law or national security, while others could gain expertise in biochemistry.

Persons: Dario Amodei, Amodei, —, Claude, Daniela Amodei, Elon Musk, we're Organizations: CNBC, Service, Amazon, Google Locations: Anthropic

☆ The ultra-rich are obsessed with their doomsday bunkers — but Sam Altman joked they won't really matter if there's an AI apocalypse
▼ + stars: | 2023-10-20 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

However, one of tech's buzziest bros, Sam Altman, says he has "structures" — but not a bunker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementDoomsday predictions like nuclear war, climate change, or a zombie apocalypse have ratcheted up the ultra-rich's obsession with luxury bunkers. However, one Silicon Valley tech bro joked that these bunkers may not be useful in the case of an AI apocalypse. AdvertisementAdvertisement"I have like structures, but I wouldn't say a bunker," Altman added without clarifying what these structures were.

Persons: buzziest, Sam Altman, AGI, —, bro, Altman, Joanna Stern, Altman —, Yorker —, Clyde Scott, Douglas Rushkoff, Ivanka Trump, Tom Brady, Jeff Bezos, Rushkoff Organizations: Service, WSJ, Yorker, Google, Bloomberg, Federal Civil Defense Administration Locations: South Dakota, Poland, America

☆ SBF's lawyers shouldn't be allowed to use his $500 million investment in AI firm Anthropic — which could used to pay back FTX customers — as evidence, prosecutors say
▼ + stars: | 2023-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Anthropic looks set to be valued at $30 billion as it is in talks with Google for further investment. Prosecutors argue that the investment can't be used as evidence in Bankman-Fried's favor. AdvertisementAdvertisementProsecutors have asked the judge overseeing Sam Bankman-Fried's trial to stop the FTX founder's lawyers from referencing his $500 million investment in Anthropic. AdvertisementAdvertisementThat means Bankman-Fried's investment could be a major help in reimbursing the thousands of FTX customers who lost their money as the crypto exchange imploded last November. AdvertisementAdvertisementMichael Lewis, who interviewed Bankman-Fried more than 100 times for his biography, wrote that other FTX executives didn't approve of the Anthropic investment.

Persons: FTX, —, Sam Bankman, Lewis Kaplan, Damian Williams, Anthropic, Williams, Fried, Gary Wang, Michael Lewis, Bankman, didn't, Ramnik Arora, Lewis, Sam Organizations: Google, Prosecutors, Service, Amazon Locations: Anthropic, Bankman, Alameda

☆ Anthropic — the $4.1 billion OpenAI rival — debuts new A.I. chatbot and opens it to public
▼ + stars: | 2023-07-11 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

As Microsoft -backed OpenAI and Google race to develop the most advanced chatbots, powered by generative artificial intelligence, Anthropic is investing heavily to keep up. Just a few months after raising $750 million over two financing rounds, the startup is debuting a new AI chatbot: Claude 2. "We have been focused on businesses, on making Claude as robustly safe as possible," said Daniela Amodei, who co-founded Anthropic with her brother, Dario. Claude 2 will initially only be available to users in the U.S. and U.K., and Anthropic plans to expand availability in the coming months. Since OpenAI introduced ChatGPT to the public late last year, the tech world has invested heavily in the potential of generative AI chatbots, which respond to text prompts with sophisticated and conversational replies.

Persons: Dario Amodei, Kamala Harris, There's, Claude 2, Claude, Anthropic, Daniela Amodei, Dario, we've, OpenAI, ChatGPT, it's Organizations: White, Microsoft, Google Locations: Washington, U.S, paywalls

☆ How Anthropic cofounder and former journalist Jack Clark turned a chance meeting into an AI newsletter with over 34,000 subscribers
▼ + stars: | 2023-04-19 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

Jack Clark was a Bloomberg tech journalist in 2015 when he came across OpenAI for the first time. He was so inspired that he quit his job and dove into the world of AI, later cofounding Anthropic. Now, he writes Import AI, a weekly AI-focused newsletter that reaches over 34,000 subscribers. A "weird" newsletterA weekly newsletter, Import AI features detailed analyses on AI research papers, Clark's thoughts on current events, and AI-focused short fiction stories. He estimates that he's read around 4,000 research papers while writing Import AI — and more importantly, he jokes, spent over $6,000 in lattes due to his persistent habit of drinking multiple caffeinated beverages while writing each week.

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