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☆ AMD launches AI chip to rival Nvidia's Blackwell
▼ + stars: | 2024-10-10 | by ( Kif Leswing | ) www.nbcnews.com time to read: +5 min

AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. In the past few years, Nvidia has dominated the majority of the data center GPU market, but AMD is historically in second place. The new AI chip is the successor to the MI300X, which started shipping late last year. Most industry estimates say Nvidia has over 90% of the market for data center AI chips. The new CPUs are particularly good for feeding data into AI workloads, AMD said.

Persons: Lisa Su, Nvidia’s, ”, Su, That’s, ” Su Organizations: AMD, Nvidia, Meta, Microsoft, Blackwell, Intel, workloads

☆ Why The New York Times' lawyers are inspecting OpenAI's code in a secretive room
▼ + stars: | 2024-10-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Lawyers for The New York Times are poring through ChatGPT's source code and training material. It is there to be inspected by lawyers for The New York Times. The Times' lawyers can share their notes with up to five outside consultants to help them understand what the code does. That text includes stories from The New York Times, articles from other publications, and an untold number of copyrighted books. OpenAI similarly used high-quality, well-researched, well-written, and fact-based New York Times articles to make ChatGPT so impressive, the Times argues.

Persons: morass, —, Sam Altman, Susman Godfrey, Mother Jones, George RR Martin, Jodi Picoult, Nehisi Coates, Kristelia García, Axel Springer, García, OpenAI, Justin Nelson, Godfrey, Nelson, Daniel Ek, Sean Parker, Matthew Sag, poring, Christa Laser Organizations: The New York Times, Service, Times, Publishers, Fox News, The New York Daily News, Georgetown University Law, Business, New York Times, Microsoft, Napster, Anthropic, OpenAI, Spotify, Emory University, America, Cleveland State University Locations: United States, Manhattan

☆ It will be a while before OpenAI turns a profit. In the meantime, Microsoft gets a cut of revenue.
▼ + stars: | 2024-10-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI is projected to turn a profit in 2029, a new report from The Information says. Microsoft also appears to be on track to get a 20% cut of OpenAI's revenue, per the report. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The report said the company doesn't expect to become profitable until 2029 when revenue is projected to hit $100 billion. According to The Information, OpenAI is currently projecting that its compute costs for model training could hit as high as $9.5 billion a year in 2026.

Persons: —, OpenAI, it's, Kate Leaman, Leaman Organizations: Microsoft, Service, Business Locations: Silicon Valley

☆ Microsoft faces disruption from AI, says outperforming fund manager dumping the stock
▼ + stars: | 2024-10-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In 2023, the fund returned 30.7%, significantly outperforming its benchmark and the S & P 500, which was up 26%. Yiu's decision stems from his belief that Microsoft's business model is about to change significantly in light of the rise of generative AI. Microsoft has been leading the charge in generative AI adoption. The crux of the issue lies in the increased costs associated with providing AI services, according to the outperforming fund manager. Nvidia's chips, while readily available, allows the Silicon Valley company to capture much of the profit from generative AI services instead.

Persons: Stephen Yiu, Yiu, OpenAI Organizations: Microsoft, Growth, Growth Fund, CNBC Pro, Conference, Nvidia Locations: London

☆ The Nobel committee just entered the AI chat
▼ + stars: | 2024-10-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

When asked by a reporter whether the committee took the AI connection into consideration when judging the nominees, one member on the chemistry committee basically brushed off the question and insisted the decisions were made purely on the science. The Nobel committee letting politics or PR weigh on their decisions? At first glance, it could seem like the Nobel committee has been gulping down Big Tech’s AI Kool-Aid. While gesturing to generative AI, Wong noticed that no one mentioned ChatGPT or Gemini or any other consumer-facing AI tools that companies are peddling. Similarly, in announcing the chemistry prize on Wednesday, committee members talked a lot about amino acid sequences and structural biochemistry.

Persons: CNN Business ’, —, John Hopfield, Geoffrey Hinton, — Demis Hassabis, John M, David Baker, CNN’s Jake Tapper, Hassabis, Matteo Wong, Wong, ” Wong Organizations: CNN Business, New York CNN, Princeton, Google, New York Locations: New York, US, Stockholm

Propagandists seeking to influence elections around the globe have tried to use ChatGPT in their operations, according to a report released Wednesday by the technology’s creator, OpenAI. OpenAI said in its report that this year it has stopped people who tried to use ChatGPT to generate content about elections in the U.S., Rwanda, India, and the European Union. They also used ChatGPT to create social media posts in support of those sites, according to the report. They were part of a larger campaign that repeatedly spammed pro-party posts on X, a documented propaganda campaign that posted messages — often the same few messages — more than 650,000 times. According to OpenAI’s report, they also tried to get ChatGPT to tell them the default login credentials for other companies that provide industrial control systems software.

Persons: OpenAI, It’s, it’s, Donald Trump’s, ChatGPT, —, Washington didn’t, Ben Nimmo, ” Nimmo Organizations: European Union, U.S, Patriotic, United Nations, Treasury Department, Embassy Locations: U.S, Rwanda, India, Iran, Russia, China, Israel, Israeli, Jordan, cybersecurity, Washington

☆ Anthropic's power players: Here are the 11 leaders helping shape the future of the Amazon-backed AI company
▼ + stars: | 2024-10-09 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +10 min

It's sought to position itself as the safer, more responsible AI company. She, along with her brother Dario, was part of the team that left OpenAI with the goal of creating a more responsible AI company. Krishna Rao, Chief Financial OfficerAs any emerging AI company can attest, conducting groundbreaking research isn't enough. In this role, he's building deep relationships with users and helping to turn Anthropic's research into a mass-market product. These capabilities are essential to Anthropic's positioning of itself as the safer AI company.

Persons: Anthropic, It's, —, OpenAI's, Dario Amodei, Amodei, Dario, Daniela Amodei, She's, Jack Clark ,, Clark, Jared Kaplan, Kaplan, Chris Olah, Sam McCandlish, McCandlish, Tom Brown, Brown, Krishna Rao, Rao, Mike Krieger, São Paulo, Krieger, Claude, Brian Israel, it's, Brian, Sam Bowman, Bowman, Jan Leike Organizations: Service, OpenAI's ChatGPT, Google, Princeton University, Hertz, Stanford University School of Medicine, sager, Bloomberg, Harvard, Johns Hopkins University, Research, Organization, Core Resources, Stanford University, Brandeis University, Core, Blackstone, Bain & Company, Anthropic, State Department, NASA Locations: OpenAI, Anthropic, Airbnb, São, Menlo Park, San Francisco, New York, Israel

☆ OpenAI says bad actors are using its platform to disrupt elections, but with little 'viral engagement'
▼ + stars: | 2024-10-09 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI is increasingly becoming a platform of choice for cyber actors looking to influence democratic elections across the globe. The threats ranged from AI-generated website articles to social media posts by fake accounts. The social media content related mostly to elections in the U.S. and Rwanda, and to a lesser extent, elections in India and the EU, OpenAI said. And in May, an Israeli company used ChatGPT to generate social media comments about elections in India. The company said that while most social media posts it identified received few likes or shares, some real people did reply to the AI-generated posts.

Persons: OpenAI, it's Organizations: U.S, EU, China Locations: U.S, Rwanda, India, France, Germany, Italy, Poland

☆ Advertisers are scrutinizing the value of AI tools as some early efforts fall flat
▼ + stars: | 2024-10-09 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

AdvertisementTwo years after OpenAI's ChatGPT and other chatbots launched, the advertising community's excitement over generative AI has come down to earth. The shift was evident at New York's Advertising Week, a four-day gathering this week that organizers expected 17,000 to attend. Last year, a Salesforce survey showed about three-quarters of marketers were or planned to use generative AI. Though enthusiasm about AI was tempered in the industry at this year's Advertising Week, there wasn't a widespread abandonment of the tech. Adtech company LiveRamp announced a pair of AI partnerships to help marketers find the right AI company for a given problem.

Persons: —, OpenAI's ChatGPT, Ashwin Navin, there's, Andrew Lipsman, I'm, Zaid Al, Qassab, He's, Let's, Samba's Navin, That's, NBCU, DoubleVerify, Nick Fairbairn, Joshua Nafman, it's, Nafman, Fairbairn, LiveRamp, Scott Howe, Howe Organizations: Publicis, WPP, Service, New, Samba, WPP —, Saatchi, Business, Google, Advertising, Media, Diageo

☆ HSBC exec says there's a lot of AI 'success theater' happening in finance
▼ + stars: | 2024-10-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Jaap Arriens | NurPhoto via Getty ImagesLONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC . One example he gave was a partnership that HSBC has in place with internet search titan Google on the use of AI technology anti-money laundering and fraud mitigation. Boteju stressed that Lloyds is "proceeding with caution" when it comes to exposing the bank's customers to generative AI tools. Generative AI, on the other hand, is a more nascent technology, according to the Lloyds exec.

Persons: Jaap Arriens, Edward J Achtner, Achtner, Ranil Boteju —, Nathalie Oestmann, ChatGPT, Klarna, headcount, Sebastian Siemiatkowski, Siemiatkowski, Oestmann, Boteju, Banks, we've, Bahadir Yilmaz, Yilmaz, It's, Johan Tjarnberg Organizations: NurPhoto, Getty, HSBC, Leadership, Lloyds Banking Group, NV Ltd, Royal Albert Hall, Microsoft, Google, BBC, NV, CNBC, Lloyds, ING Locations: London

☆ As AI innovation takes hold, business leaders need to think cross-functionally and keep learning, says Maggie Hulce, Indeed's chief revenue officer
▼ + stars: | 2024-10-09 | by ( Julia Hood | ) www.businessinsider.com time to read: +8 min

Maggie Hulce is Indeed's chief revenue officer and a member of BI's Workforce Innovation board. Cross-functional understanding, Hulce said, is an essential skill for today's C-suite as executives navigate the innovation juggernaut of artificial intelligence. How are you and other business leaders driving AI adoption in companies? You can have lots of different functional leaders who grew up in and have expertise in their function — but when you're solving customer problems, you're solving operational problems. These are customer problems, end to end.

Persons: Maggie Hulce, —, Hulce, Chris Hyams, it's Organizations: Service, Business, Pathfinder, Companies, Technology

☆ OpenAI is accusing Elon Musk of harassing the startup. It's the latest escalation in a long-running feud.
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI has fired back at Elon Musk's latest lawsuit. Musk's lawyers have argued that OpenAI executives "deceived" him into cofounding the company. AdvertisementIn response to Musk's lawsuit, OpenAI called it the latest move in Musk's "increasingly blusterous campaign to harass OpenAI for his own competitive advantage." "OpenAI is dedicated to the safe and beneficial development of artificial general intelligence ("AGI")," OpenAI's lawyers said in a court filing on Tuesday. A long-running feudIn March, Musk first sued OpenAI on similar grounds but later dropped the suit in June.

Persons: OpenAI, —, Musk, Tesla, Sam Altman, He's, xAI, Ilya Sutskever's, Mira Muta, Ilya Sutskever Organizations: Elon, Service, Musk, Business, Microsoft Locations: Musk's

☆ 5 AI hacks smart people use to accomplish more and stress less at work
▼ + stars: | 2024-10-08 | by ( Jeremy Schifeling | In Schifeling | ) www.cnbc.com time to read: +7 min

Here are five AI hacks smart professionals use to get the most out of AI:1. Head over to Google Forms, click the AI button at the top of the page, and tell the tool what you're looking to accomplish. Zoom In Icon Arrows pointing outwardsYou can use a similar approach beyond survey comments. Zoom In Icon Arrows pointing outwardsThe key here is that AI can do more than just spit out text. Zoom In Icon Arrows pointing outwardsAgain, you can adapt the prompt to help you prepare for any kind of presentation.

Persons: I’ve, you’ve, you've, We've Organizations: Khan Academy, Harvard Business School, University of Texas, Google

☆ Google’s search dominance is unwinding
▼ + stars: | 2024-10-08 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

New York CNN —Google is so synonymous with its core product that its name is a verb that means “search.” Yet Google’s dominance of that market is shrinking. For the first time in decades, Google next year will not control a majority of the US search market, according to a forecast by advertising research firm eMarketer. Google will remain the biggest search player, maintaining a 48% share of American search advertising revenue. That ruling could result in the eventual breakup of the company’s search business. TikTok, the fastest growing social network, is getting into into the search business.

Persons: CNN Business ’, George W, Bush, eMarketer, Google’s, “ kendall jenner, ChatGPT, “ What’s, Kendall Jenner, OpenAI, that’s, Bing, Sears Organizations: CNN Business, New York CNN, Google, Wall Street, Bing, Yahoo, Microsoft, Meta, YouTube, Delta Air Lines, Epic, Amazon, Apple, GE, Dow, US Steel Locations: New York, San Francisco, United States

☆ OpenAI announces content deal with Hearst, including content from Cosmopolitan, Esquire and the San Francisco Chronicle
▼ + stars: | 2024-10-08 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI announced a partnership with Hearst, the media conglomerate behind outlets like the Houston Chronicle, the San Francisco Chronicle, Esquire, Cosmopolitan, Elle and others. "Our partnership with OpenAI will help us evolve the future of magazine content," Hearst Magazines President Debi Chirichella said in a statement. The deal is the latest in a recent trend of media outlets entering into content partnerships with AI startups. OpenAI announced a similar partnership in August with Condé Nast, which owns media brands such as Vogue, The New Yorker, GQ, Vanity Fair and Wired. Reddit also announced a deal with OpenAI in May to allow the ChatGPT maker to train its AI models on the social media company's content.

Persons: Sam Altman, OpenAI, Elle, Debi Chirichella, Condé Nast, Der Spiegel, WordPress.com, Reddit Organizations: Economic, Hearst, Houston Chronicle, San Francisco Chronicle, Cosmopolitan, OpenAI, Vogue, Yorker, GQ, Wired, Media, The Texas Tribune, Time, News Corp, Wall Street, Barron's, New York Post, Center, Investigative, Microsoft, New York Times, Chicago Tribune, New York Daily News, The New York Times, Southern, of, Apple Locations: Davos, Switzerland, U.S, of New York

The company previously launched an "Uber Green," service which has historically included a mix of battery electric vehicles, and hybrid electric models. Now, Uber can offer battery electric vehicles as the sole "green" option in more than 40 cities globally, executives said at Uber's annual Go Get Zero sustainability conference in London on Tuesday. "We need more affordable EVs, we need stronger EV mandates, we need incentives for people who are driving the most. For drivers, Uber said it is rolling out an "EV Mentor" program, which connects drivers for any questions about electric mobility. The deal will give Uber drivers the ability to access Octopus' "Intelligent Go" tariff to help them with EV charging costs.

Persons: Dara Khosrowshahi, Uber, Khosrowshahi, OpenAI's ChatGPT, Suvrat Dhanorkar, Gordon Burtch, it's, BYD, Rebecca Tinucci, Tinucci Organizations: Transportation, Clean Transportation, Transportation Science, Los Angeles, Organization for Economic Co, Development, Octopus Energy, EV, Uber Locations: London, New York City, Los, Paris, France

☆ Elon Musk is ready to make his biggest pitch yet that Tesla is more than just a car company
▼ + stars: | 2024-10-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Elon Musk has a big task this week: convincing investors that Tesla is more than just a car company. It may do so once again as Elon Musk prepares to use the studio lot to tell another story: that Tesla is more than just a car company. The long-awaited event — originally scheduled for August — is meant to give weight to the electric vehicle maker's pitch that it is a tech company first and a car company second. Meanwhile, in July, Wedbush analyst Dan Ives claimed the "Tesla AI story could be worth $1 trillion-plus and is the most undervalued AI name." Michael Macor/The San Francisco Chronicle via Getty ImagesHowever, what's critical to note is the timing for Tesla's robotaxi push.

Persons: Elon Musk, Tesla, Tesla's, —, Musk, Sam Altman, Andrej Karpathy, Dan Ives, Michael Macor, Caspar Rawles, Rawles, Donald Trump, Elon, Ross Gerber, Gerber, Uber, it's, Cruise, Paul Miller, Forrester Organizations: Service, Warner Bros, Elon, Robotaxi, EV, San Francisco, Getty, Elon Inc, Benchmark Mineral Intelligence, Twitter, Gerber Kawasaki Wealth, Investment Management, Baidu, GM Locations: Burbank, California, Tesla's, Palo Alto, Elonville, Chinese, China, Wuhan

☆ I tried Google's viral new tool that creates an AI podcast about topics you feed it. It's worth the hype.
▼ + stars: | 2024-10-07 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

The feature uses the information you feed it to create a "deep dive" discussion hosted by two AI hosts. Based on the information you feed it, it generates a "deep dive," podcast-like discussion hosted by two AI hosts. Related storiesTo my surprise, this NotebookLM-generated podcast exceeded anything I'd heard so far in terms of AI voice quality. Like any AI tool though, Audio Overviews isn't perfect. Audio Overviews is probably my favorite AI tool I've tried out so far — and it showcases the innovative ways AI can be used in our daily lives.

Persons: Google's NotebookLM, —, livia M oore, ingle, hough, hatter, ike, oices Organizations: Service Locations: NotebookLM

☆ Top Wall Street analysts favor these stocks for attractive long-term potential
▼ + stars: | 2024-10-06 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Nonetheless, investors could benefit by ignoring short-term noise and tracking the recommendations of top Wall Street analysts to pick stocks with attractive long-term growth potential. (See CYBR Hedge Fund Activity on TipRanks)Uber TechnologiesWe move to the ride-sharing and food delivery platform Uber Technologies (UBER). After hosting meetings with the company's management, JPMorgan analyst Doug Anmuth reaffirmed a buy rating on UBER stock with a price target of $95. Uber expects its grocery ad business to account for 5% of gross bookings over time. (See UBER Stock Buybacks on TipRanks)Meta PlatformsThis week's third stock pick is social media company Meta Platforms (META).

Persons: Matthew Hedberg, Hedberg, TipRanks, Doug Anmuth, Anmuth, Uber, Baird, Colin Sebastian, Sebastian, Claude, OpenAI's ChatGPT Organizations: Wall, RBC Capital, TAM, JPMorgan, Mobility, Meta, Meta Connect, Reality Labs

☆ There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
▼ + stars: | 2024-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +8 min

There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.

Persons: Cerebras, —, Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley, —

☆ As Apple enters AI race, iPhone maker turns to its army of developers for an edge
▼ + stars: | 2024-10-04 | by ( Kif Leswing | ) www.nbcnews.com time to read: +7 min

As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 million app developers. IPhone users will get their first taste of Apple Intelligence, the company’s artificial intelligence system, later this month. The company is relying on Apple Intelligence to be the strongest selling point for the iPhone 16, its latest generation of smartphones. That’s something other company’s AI chatbots cannot currently do, and to accomplish this, Apple is beckoning its army of third-party developers to fine tune their apps to collaborate with Apple Intelligence. Another drawback is that Apple Intelligence features will only be available on the latest iPhones, a small subset of the total iPhone user base.

Persons: Google’s, Siri, Apple, “ Siri, ”, Apple’s Kelsey Peterson, Siri conversationally, Jordan Morgan, Apple’s, Morgan, Michael Tigas, ” Tigas, Siri aren’t, Hey Siri, James, they’ve, Igor Zhadanov Organizations: Apple, Apple Intelligence, Superhuman, CNBC Locations: Siri, Readdle

☆ Meta, challenging OpenAI, announces new AI model that can generate video with sound
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: +3 min

Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Movie Gen also can generate background music and sound effects synced to the content of the videos, Meta said in a blog post, and use the tool to edit existing videos. Videos created by Movie Gen can be up to 16 seconds long, while audio can be up to 45 seconds long, Meta said. They declined to comment on Meta's assessment for Movie Gen specifically. Lions Gate Entertainment , the company behind "The Hunger Games" and "Twilight," announced in September that it was giving AI startup Runway access to its film and television library to train an AI model.

Persons: Mark Zuckerberg, Meta, Gen, Meta spokespeople, OpenAI, Sora, Scarlett Johansson Organizations: Meta, Facebook, Microsoft, Technologists, Hollywood, Lions Gate Entertainment Locations: Menlo Park , California, U.S, Kling, Hollywood, Pakistan, India, Indonesia

☆ OpenAI just secured a ton of new cash. Now it needs to wow us
▼ + stars: | 2024-10-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

One thing seems clear: The company is burning through far more cash than it’s bringing in, according to reporting from the New York Times. (That’s revenue largely from subscriptions to premium versions of ChatGPT and licensing its tech to third-party developers.) Here’s where things get a little wild:Next year, OpenAI estimates that its revenue will more than triple to $11.6 billion. It’s not clear how, or whether, OpenAI is working on reducing its significant cash burn. “It has nothing to do with reality.”One way OpenAI could improve its margins would be to cut costs.

Persons: CNN Business ’, New York CNN —, Goldman Sachs, that’s, Gil Luria, Davidson, ” Luria, “, Luria, There’s, OpenAI, Sam Altman, we’ve, ” Organizations: CNN Business, New York CNN, Google, Pfizer, Microsoft, Nvidia, Ark Investment Management, Apple, Wall Street, New York Times, Times, CNN, CNBC, Bravo, ” Locations: New York, Silicon Valley, Silicon

☆ There's a catch in OpenAI's $6.6 billion funding deal that no one is talking about
▼ + stars: | 2024-10-04 | by ( Natalie Musumeci | Alex Bitter | ) www.businessinsider.com time to read: +6 min

There's an important stipulation on OpenAI's historic $6.6 billion funding round. AdvertisementOpenAI's historically large $6.6 billion funding round is bringing in checks from some of the biggest technology and venture capital investors. If the ChatGPT-maker doesn't complete its transition to a for-profit company within two years, investors in the latest round could ask for their money back, multiple outlets have said. But "if there's disagreement within the entity, then it's much harder for the regulators to approve it," he said. AdvertisementStill, the legal experts said that though OpenAI's transition to a for-profit company is a complicated one, it's doable.

Persons: —, there's, doesn't, OpenAI, Jill Horwitz, Horwitz, Alexander Reid, Reid, doable, Elon Musk, Sam Altman, Greg Brockman, Musk, Altman Organizations: Service, University of California, Los Angeles School of Law, Internal, SEC, IRS, Employees Locations: OpenAI, Delaware, California

☆ Meta brags that its latest AI video tool outperforms rivals like OpenAI
▼ + stars: | 2024-10-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Meta just launched Movie Gen, an AI video generator to compete with OpenAI's Sora. AdvertisementMeta released a new AI video-generating tool on Friday that is also the company's latest volley in its battle with OpenAI for AI supremacy. In its press release, Meta called Movie Gen the "most advanced and immersive storytelling suite of models," including video generation, audio generation, personalized video generation, and video editing. For video generation, those Meta surveyed preferred Movie Gen over OpenAI Sora, the company's press release said. Meta, OpenAI, and Google did not immediately respond to a request for comment.

Persons: Meta, OpenAI's Sora, —, Deng, OpenAi, OpenAI's ChatGPT, OpenAI's, OpenAI Sora, Google's Organizations: Google, Service, Veo, Meta

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