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☆ OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
▼ + stars: | 2024-10-02 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. Thrive planned to invest $1 billion in the round, CNBC previously reported. Earlier this year, OpenAI was valued at a reported $80 billion, up from $29 billion in 2023. There are also 11 million ChatGPT Plus subscribers and 1 million paying business users on ChatGPT, a person close to the company said.

Persons: Sam Altman, OpenAI, SoftBank, Sarah Friar, Friar, Mira Murati, Bob McGrew, Barret Zoph, Altman, Bret Taylor, Sam, Taylor Organizations: Microsoft, Nvidia, CNBC, New York Times, OpenAI, Italian Tech, Khosla Ventures, Fidelity, MGX, Tiger Global Locations: Redmond , Washington

☆ Sam Altman tells OpenAI staff there's no plan for him to receive a 'giant equity stake' in company
▼ + stars: | 2024-09-27 | by ( Hayden Field | ) www.nbcnews.com time to read: +4 min

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Regarding his potentially attaining an equity stake, Altman said, “There are no current plans here,” the person said. OpenAI Chairman Bret Taylor told CNBC in a statement that while the board has talked about the matter, no specific figures are on the table. OpenAI Chief Technology Officer Mira Murati, who briefly served as interim CEO, said she would be leaving after 6½ years. Days later, Altman was back at the company and Murati moved from interim CEO back to the role of CTO.

Persons: Sam Altman, Altman, Sarah Friar, Bret Taylor, Sam, ” Taylor, Mira Murati, Bob McGrew, Barret Zoph, “, ” Altman, ” Murati, OpenAI, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, it’s, Murati Organizations: CNBC, Italian Tech, Microsoft, Tiger Global Locations: Turin, Italy

☆ OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
▼ + stars: | 2024-09-27 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed. The New York Times was first to report on OpenAI's financials earlier on Friday after viewing company documents. OpenAI, which is backed by Microsoft, is currently pursuing a funding round that would value the company at more than $150 billion, people familiar with the matter have told CNBC. Thrive Capital is leading the round and plans to invest $1 billion, with Tiger Global planning to join as well. The company will retain its nonprofit segment as a separate entity, a person familiar with the matter told CNBC.

Persons: ChatGPT, OpenAI, CNBC hasn't, Sarah Friar, Mira Murati, Matt McIlwain Organizations: CNBC, The New York Times, Microsoft, Tiger Global

☆ OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart
▼ + stars: | 2024-09-26 | by ( Hayden Field | Hayden Field Is A Cnbc Reporter | ) www.nbcnews.com time to read: +4 min

The structure would be more straightforward for investors and would make it easier for OpenAI employees to realize liquidity, the source added. News of the discussions comes after OpenAI Chief Technology Officer Mira Murati said Wednesday that she is leaving the company after six and a half years. They’re the latest high-level executive to depart OpenAI, which has exploded in popularity and value since releasing the ChatGPT chatbot in late 2022. Murati became a well-known name when OpenAI’s board abruptly ousted Altman last November and Murati was named interim CEO. Days later, Altman was back at the company and Murati moved back to her former role as CTO.

Persons: Mira Murati, Sam Altman, Bob McGrew, Barret Zoph, Murati, ”, “ There’s, ” Altman, OpenAI, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, it’s, Altman, OpenAI’s, Sutskever, Helen Toner, Tasha McCauley, ” Murati, “, ” McGrew, he’s, Mark Chen, Zoph Organizations: Microsoft, Tiger Global, Nvidia, Apple, Street, Tech Locations: OpenAI

☆ Sam Altman tells OpenAI staff there's no plan for him to receive 'giant equity stake' in company
▼ + stars: | 2024-09-26 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a "giant equity stake" in the company, calling that information "just not true," according to a person who was in attendance. Regarding his potentially attaining an equity stake, Altman said, "There are no current plans here," the person said. Altman said the departures were not related to the company's potential restructuring, contrary to some media reports. Days later, Altman was back at the company and Murati moved from interim CEO back to the role of CTO.

Persons: Sam Altman, Altman, Sarah Friar, Bret Taylor, Sam, Taylor, Mira Murati, Bob McGrew, Barret Zoph, Murati, OpenAI, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, it's Organizations: OpenAI, CNBC, Italian Tech, Microsoft, Tiger Global Locations: Turin, Italy

☆ OpenAI CTO Mira Murati announces she's leaving the company
▼ + stars: | 2024-09-25 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Mira Murati, chief technology officer of OpenAI, during an interview on "The Circuit with Emily Chang" in San Francisco on April 4, 2023. OpenAI Chief Technology Officer Mira Murati said Wednesday that she is leaving the company after six and a half years. Murati also wrote that she is "stepping away because I want to create the time and space to do my own exploration. Murati became a well-known name when OpenAI's board abruptly ousted CEO Sam Altman last November and Murati was named interim CEO. Days later, Altman was back at the company and Murati moved back to her former role as CTO.

Persons: Mira Murati, Emily Chang, There's, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, Murati, OpenAI, Sam Altman, OpenAI's, Altman, Sutskever, Helen Toner, Tasha McCauley Organizations: OpenAI, Reuters, Microsoft, Tiger Global, Nvidia, Apple, Tech, Street Locations: San Francisco, OpenAI

Amelia is the latest generative AI tool that Amazon has brought to market in the past year as it seeks to capitalize on the hype sparked by OpenAI's ChatGPT. The company has introduced an AI-powered shopping assistant named Rufus, a chatbot for businesses dubbed Q and Bedrock, a generative AI service for cloud customers. More than 400,000 of Amazon's millions of third-party sellers have used its AI listing tool, up from 200,000 in June, he said. With Amelia, Amazon is counting on generative AI to help with a key issue for third-party merchants — account troubleshooting. Amazon said the tool uses retrieval-augmented generation, or RAG, a popular AI industry framework that combines generative AI with long-established methods of information retrieval.

Persons: Nathan Stirk, Amelia, OpenAI's ChatGPT, Rufus, Anthropic, Andy Jassy, Jassy, Thos Robinson, it's, Dharmesh Mehta, Mehta Organizations: Getty, Central, CNBC, New York Times, Google, Microsoft, Merchants Locations: New York City, Seattle .

☆ Apple shares slide as analysts highlight sluggish iPhone 16 demand
▼ + stars: | 2024-09-16 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

"The key factor is the lower-than-expected demand for the iPhone 16 Pro series," Kuo wrote after compiling data from Apple's websites on each iPhone 16 model's pre-order sales, average delivery times and shipments before pre-order. Additionally, intense competition in the Chinese market continues to impact iPhone demand." The analysts also wrote that Apple reduced iPhone 16 prices in Australia and India. The iPhone 16 Pro and the iPhone 16 Pro Max are Apple's more premium phones that have nicer screens and cameras than the regular models, starting at $999 and $1,199, respectively. The company also said during the event the new iPhone 16 Pro Max has "the best iPhone battery life ever" but did not offer additional details.

Persons: Steve Jobs, Ming, Chi Kuo, Kuo, IP16, Apple, Max, — CNBC's Michael Bloom Organizations: Apple, Steve, TF Securities, Apple Intelligence, Apple Watch, Barclays, JPMorgan, Bank of America Locations: Cupertino , California, U.S, China, Australia, India

☆ OpenAI announces new independent board oversight committee focused on safety
▼ + stars: | 2024-09-16 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI on Monday said its Safety and Security Committee, which the company introduced in May as it dealt with controversy over security processes, will become an independent board oversight committee. Other members include Adam D'Angelo, an OpenAI board member and co-founder of Quora, former NSA chief and board member Paul Nakasone, and Nicole Seligman, former executive vice president at Sony. The committee will oversee "the safety and security processes guiding OpenAI's model deployment and development," the company said. The company said the committee "reviewed the safety and security criteria that OpenAI used to assess OpenAI o1's fitness for launch," as well as safety evaluation results. Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Zico Kolter, Adam D'Angelo, Quora, Paul Nakasone, Nicole Seligman, it's, Ilya Sutskever, Jan Leike, Leike Organizations: Microsoft, Security Committee, Carnegie Mellon University's, NSA, Sony, Tiger Global, Nvidia, Apple, OpenAI o1, Democratic Locations: Redmond , Washington, OpenAI

☆ Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation
▼ + stars: | 2024-09-13 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Tiger Global is planning to join OpenAI's buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the situation. Thrive Capital is leading the round and plans to invest $1 billion. Microsoft , Nvidia and Apple are reportedly in talks to join as well. Earlier this year, OpenAI was valued at a reported $80 billion, up from $29 billion the prior year.

Persons: Sam Altman, OpenAI's, Tiger Global's, OpenAI, Growth, — CNBC's Kate Rooney Organizations: Tiger Global, Microsoft, Nvidia, Apple, OpenAI, Anthropic, Google, White, U.S, CNBC

☆ OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers
▼ + stars: | 2024-09-12 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Leaders at OpenAI, Anthropic, Microsoft , Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. An OpenAI spokesperson told CNBC that the company believes building additional infrastructure in the U.S. is critical to the country's industrial policy and economic future. by ensuring data-centers are built in the United States while ensuring the technology is developed responsibly," White House spokesperson Robyn Patterson told CNBC. White House chief of staff Jeff Zients and White House deputy chief of staff Bruce Reed also attended, according to a source. Anthropic counts Amazon as a leading investor, while OpenAI is heavily backed by Microsoft.

Persons: Sam Altman, Dario Amodei, Ruth Porat, OpenAI, Biden, Harris, Joe, Kamala, Robyn Patterson, Gina Raimondo, Jennifer Granholm, Jake Sullivan, Ali Zaidi, Kristine Lucius, John Podesta, Jeff Zients, Bruce Reed, Anthropic, government's Organizations: Microsoft, Google, White, CNBC, CNN, U.S . National, White House, AI Safety, Department of Commerce, National Institute of Standards, Technology, Biden Locations: U.S, America, Wisconsin , California , Texas, Pennsylvania, A.I, United States

Apple is hosting an event at its headquarters in Cupertino, California, where it has unveiled new versions of the iPhone, AirPods and Apple Watch. AppleApple just unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus announced earlier. Apple’s iPhone 16 Pro has a 6.3-inch display, and the Apple 16 Pro Max has a 6.9-inch display, larger than those of previous models, which measured in at 6.1 inches and 6.7 inches, respectively. The iPhone 16. The iPhone 16 Pro starts at $999, and the Pro Max starts at $1,199, Apple said.

Persons: Max, ” Apple, —, Apple, Pro Max Organizations: Apple, Apple Watch, Apple Apple, Apple Intelligence, Pro Locations: Cupertino , California

☆ Here's everything Apple just announced: iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more
▼ + stars: | 2024-09-09 | by ( Hayden Field Ashley Capoot Kif Leswing Todd Haselton | Hayden Field | Ashley Capoot | ) www.cnbc.com time to read: +2 min

Apple just unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus the company announced earlier. Apple's iPhone 16 Pro has a 6.3-inch display, and the Apple 16 Pro Max has a 6.9-inch display, larger than those of previous models, which measured in at 6.1 inches and 6.7 inches, respectively. The new models also have the "thinnest borders on any Apple product," Apple said, calling them "by far our best iPhone displays ever." The company also said the new iPhone 16 Pro Max has "the best iPhone battery life ever" but did not offer additional details. The iPhone 16 Pro starts at $999, and the Pro Max starts at $1,199, Apple said.

Persons: Max, Apple, Pro Max, — Hayden Organizations: Apple, Apple Intelligence, Pro, preorder

☆ OpenAI gives artists access to unreleased tools like Sora for New York gallery exhibit
▼ + stars: | 2024-09-06 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

OpenAI announced Friday a New York City art gallery collaboration that gives artists access to unreleased artificial intelligence tools. Some of Hill's artists echoed the sentiment about not being left behind, regarding access to AI tools or representation within them. For the Strada exhibit, that same work is suspended in the gallery, and Hackett used Sora to animate the still canvas scenes. "And as a black artist, it's not a given that our forms of media will show up in these models. She told CNBC she was already adept at Photoshop and other retouching software, and that's how she thinks of AI tools like Sora.

Persons: OpenAI, Strada, Paul Hill, Hill, Minne, ChatGPT, Sora, Regina Gloriana, Jonathan Franzen, John Grisham, George R.R, Martin, Jodi Picoult, Strada's Hill, I've, Curry Hackett, Hackett, it's, Sophia Wilson, Wilson, " Wilson, — Organizations: New, CNBC, Stability Locations: New York City, Nuova, Nigeria, California, Kyoto, Japan, Brooklyn, New York

That continues a trend from 2023, when generative AI companies raised $25.9 billion for the full year, up more than 200% from 2022. The average round for AI companies is 140% bigger this year compared with last, the data shows, while for non-AI companies the increase is only 10%. Most venture investors are bullish on the potential for generative AI to eventually create big returns at the application layer. John-David Lovelock, an analyst at Gartner and a 35-year veteran of the IT industry, sees a big opportunity for generative AI in the enterprise. Yet, in 2024, only 1% of the trillion dollars spent on software will be from businesses spending on generative AI products, he said.

Persons: Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, aren't, They're, Melissa Incera, Chip Hazard, PitchBook, that's, Cerebras, hasn't, Jeremiah Owyang, Owyang, That's, —, Cohere, Tobias Lutke, Inovia, JPMorgan Chase, Elon Musk's, what's, NASA's, Joe Raedle, Michael Harris, David Lovelock, Lovelock Organizations: Amazon Web, Getty, Microsoft, Nvidia, Tech, P Global Market Intelligence, CNBC, U.S, Forge, Flybridge Capital Partners, Federal Reserve, Meta, Nasdaq, Benchmark, Foundation Capital, SEC, Blitzscaling Ventures, Menlo Ventures, Inovia, Menlo, SPV, AMD, Oracle, Representatives, JPMorgan, Morgan Private Ventures, Elon Musk's SpaceX, SpaceX, Polaris, NASA's Kennedy Space Center, New York Stock Exchange, NYSE, Astera Labs, Tempus, Google, Facebook, Gartner Locations: Vegas, Las Vegas, PitchBook, Anthropic, Montreal, xAI, Cape Canaveral , Florida

☆ Microsoft's cloud is 'no-brainer' for some AI startups, helping Azure gain ground on AWS
▼ + stars: | 2024-08-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."

Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco

☆ Perplexity AI will share revenue with publishers after plagiarism accusations
▼ + stars: | 2024-07-30 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

Perplexity AI on Tuesday debuted a revenue-sharing model for publishers after more than a month of plagiarism accusations. Media outlets and content platforms including Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress.com are the first to join the company's "Publishers Program." Under the new partner program, any time a user asks a question and Perplexity generates advertising revenue from citing one of the publisher's articles in its answer, Perplexity will share a flat percentage of that revenue. "Some of it grew out of conversations we were having with publishers about integrating Perplexity APIs and technology into their products," Shevelenko said. But not all news organizations are gearing up for a fight, and some are instead joining forces with AI startups like OpenAI, Perplexity and others.

Persons: Der Spiegel, WordPress.com, Forbes, Weeks, Perplexity, Dmitry Shevelenko, Shevelenko, ScalePost.ai, OpenAI, Jonathan Franzen, John Grisham, George R.R, Martin, Jodi Picoult Organizations: Media, The Texas Tribune, Wired, Google, CNBC, Center, Investigative, Microsoft, New York Times, Chicago Tribune, New York Daily News, Time, News Corp, Wall Street, Barron's, New York Post Locations: Perplexity

☆ OpenAI announces a search engine called SearchGPT; Alphabet shares dip
▼ + stars: | 2024-07-25 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources." Since the launch of ChatGPT in November 2022, Alphabet investors have been concerned that OpenAI could take market share from Google in search by giving consumers new ways to seek information online. Alphabet shares were trading about 2.5% lower on Thursday, while the Nasdaq was up slightly. The SearchGPT announcement follows OpenAI's launch last Thursday of a new AI model, "GPT-4o mini." Last year, OpenAI Chief Operating Officer Brad Lightcap told CNBC: "The world is multimodal.

Persons: Sundar Pichai, OpenAI, Siri, Sarah Friar, Kevin Weil, Brad Lightcap Organizations: ChatGPT, Google, Nasdaq, Microsoft, Apple, Planet Labs, Twitter, Facebook, CNBC

☆ AI startup Cohere cuts staff after $500 million funding round
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia , cut about 20 roles on Tuesday, CNBC confirmed. Despite the cuts, Cohere is hiring in areas such as customer operations, partnerships, revenue, sales, product design and modeling, according to its website. In June 2023, Cohere raised $270 million at a $2.2 billion valuation, with Salesforce and Oracle participating in the funding round. Many customers include businesses in banking, financial services and insurance, Kon told CNBC in the past. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman.

Persons: Aidan Gomez, OpenAI, Cohere, Fortune, It's, Anthropic, Claude chatbot, Martin Kon, Kon, Sam Altman Organizations: Cohere Inc, Economic, Cohere, Google, Nvidia, CNBC, AMD, Oracle, Salesforce, Company, White, Enterprise Locations: Davos, Switzerland, Cohere, Cohere's

☆ OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry will still work on core AI safety work in his new role, OpenAI told CNBC. The decision to reassign Madry came less than a week before a group of Democratic senators sent a letter to OpenAI CEO Sam Altman concerning "questions about how OpenAI is addressing emerging safety concerns." Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Aleksander Madry, Madry, reassign Madry, it's, Lina Khan, they've, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman, Altman Organizations: Microsoft, CNBC, MIT's Center, MIT, Democratic, Google, Meta, FTC, Department of Justice, Nvidia Locations: Redmond , Washington

☆ OpenAI debuts mini version of its most powerful model yet
▼ + stars: | 2024-07-18 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI will launch a new AI model, "GPT-4o mini," the artificial intelligence startup's latest effort to expand use of its popular chatbot, later on Thursday. The company called the new release "the most capable and cost-efficient small model available today," and it plans to integrate image, video and audio into it later. The mini AI model is an offshoot of GPT-4o, OpenAI's fastest and most powerful model yet, which it launched in May during a livestreamed event with executives. The mini AI model announced Thursday is part of OpenAI's push to be at the forefront of "multimodality," or the ability to offer a wide range of types of AI-generated media, like text, images, audio and video, inside one tool: ChatGPT. GPT-4o mini will be available later Thursday to free users of ChatGPT, along with ChatGPT Plus and Team subscribers, and it will be available to ChatGPT Enterprise users next week, the company said in a release.

Persons: Brad Lightcap Organizations: omni, Microsoft, CNBC, ChatGPT, ChatGPT Enterprise Locations: GPT

☆ Microsoft's decision to give up OpenAI board observer seat doesn't quell key concerns
▼ + stars: | 2024-07-11 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Microsoft has given up its observer seat on OpenAI's board. Apple , which was reportedly expected to take a similar observer position, will no longer pursue one, according to the Financial Times. "The timing of this move matters," Kak wrote in a message to CNBC. Kak told CNBC that regulators' pursuits are helping to get answers and deliver transparency.

Persons: Satya Nadella, Sam Altman, aren't, Amba Kak, Kak, Lina Khan Organizations: Microsoft, Apple, Financial Times, CNBC, Federal Trade Commission, FTC, Justice Department, Nvidia Locations: San Francisco

☆ OpenAI and Time strike multiyear deal to improve ChatGPT with journalistic content
▼ + stars: | 2024-06-27 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI and Time magazine on Thursday announced a "multi-year content deal" that will allow OpenAI to access current and archived articles from more than 100 years of Time's history. OpenAI's use of Time's content will feature a citation and link back to the original source, the release said. In December, The New York Times filed a lawsuit against Microsoft and OpenAI, alleging intellectual property violations related to its journalistic content appearing in ChatGPT training data. Martin and Jodi Picoult, sued OpenAI alleging copyright infringement in using their work to train ChatGPT. In July, two authors filed a similar lawsuit against OpenAI, alleging that their books were used to train the company's chatbot without their consent.

Persons: Reddit, OpenAI, Jonathan Franzen, John Grisham, George R.R, Martin, Jodi Picoult Organizations: Microsoft, OpenAI, News Corp, Street, The New York Post, The New York Times, Southern, of Locations: The, U.S, of New York

☆ OpenAI, Microsoft sued by Center for Investigative Reporting as news industry bolsters attack on AI
▼ + stars: | 2024-06-27 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

The news industry just gained a powerful ally in its effort to take on OpenAI. The Center for Investigative Reporting, the country's oldest nonprofit newsroom, sued OpenAI and lead backer Microsoft in federal court on Thursday for alleged copyright infringement, following similar suits from publications including The New York Times , Chicago Tribune and the New York Daily News. In December, The New York Times filed a suit against Microsoft and OpenAI, alleging intellectual property violations related to its journalistic content appearing in ChatGPT training data. Martin and Jodi Picoult, sued OpenAI last year, alleging copyright infringement in using their work to train ChatGPT. Reddit also announced in May that it will partner with OpenAI, allowing the company to train its AI models on Reddit content.

Persons: Sam Altman, OpenAI, OpenAI's, chatbot, Defendants, Monika Bauerlein, Bauerlein, Mother Jones, ChatGPT, Microsoft didn't, Jonathan Franzen, John Grisham, George R.R, Martin, Jodi Picoult, Reddit Organizations: Softbank Ventures, Center, Investigative, Microsoft, New York Times, Chicago Tribune, New York Daily News, of, The New York Times, Times, Southern, The Chicago Tribune, OpenAI, Time, News Corp, Wall Street, Barron's, New York Post, Apple Locations: Softbank Ventures Asia, Seoul, South Korea, Southern, of New York, U.S

☆ OpenAI walks back controversial stock sale policies, will treat current and former employees the same
▼ + stars: | 2024-06-24 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

OpenAI has reversed its policies towards secondary share sales, and will now allow current and former employees to participate equally in annual tender offers, CNBC has learned. Service providers include employees and advisors, OpenAI said in the document, which was viewed by CNBC. Earlier documents indicated that, for former employees, secondary sales typically took place months after transactions for current staffers. In at least two tender offers, the limit for former employees was $2 million, compared to $10 million for current employees. In that case, "we will prioritize giving liquidity to current service providers over former service providers," resulting in a potential "cutback" for those no longer at the company, OpenAI said.

Persons: OpenAI, didn't Organizations: CNBC, Service, Microsoft, Apple

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