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AdvertisementElon Musk claims he was offered shares in OpenAI at "various points" but says it "seemed unethical/illegal to accept them." He was cochair of the AI company along with Sam Altman when it was founded in December 2015 and pledged $1 billion to the project. OpenAI was created as a nonprofit focused on developing artificial intelligence "in the way that is most likely to benefit humanity as a whole." This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Persons: Elon Musk, Sam Altman, OpenAI Organizations: Elon, Business Locations: OpenAI
Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."
Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper
Some tech leaders are returning to San Francisco, The Wall Street Journal reported. San Francisco's commercial real estate market is also getting a boost from the AI boom. AdvertisementIt seems like San Francisco is luring some tech bosses back after a pandemic-induced exodus. Now, he plans to spend one week a month in San Francisco and is renovating a house in the city, The Journal reported. Meanwhile, San Francisco has grappled with a homelessness problem and shifts in crime patterns.
Persons: , San, Keith Rabois, cofounders Henrique Dubugras, Pedro Franceschi, Howie Liu, Rabois, Elon Musk, Sam Altman Organizations: Street Journal, Service, The, Meta, PayPal, California Globe Locations: San Francisco, Miami
On Thursday, OpenAI unveiled its new text-to-video model Sora. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This time, it’s not because of a shock ousting from OpenAI , nor is it because of anything to do with ChatGPT . Instead, it’s because of a whole new AI model called Sora.
Persons: Sam Altman, OpenAI, , Sora, , , MrBeast, Carl Pei, Will Smith, Nikunj, Altman, ” Kothari, mindshare, it’s, Donald Trump, Joe Biden Organizations: Service, Dreamworks, Google, Nvidia, Khosla Ventures Locations: OpenAI, California, New York, Hollywood
OpenAI has been valued at $80 billion or more following a new deal, The New York Times reported. The deal allows staff to cash out their shares in the company, per the report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe artificial intelligence (AI) firm OpenAI has completed a deal that valued the business at $80 billion or more, The New York Times reported on Friday, citing three unnamed people with knowledge of the deal. The deal allows OpenAI employees to cash out their shares in the company, the report added.
Persons: OpenAI, , Andreessen Horowitz, Sam Altman, Sora Organizations: New York Times, Service, Sequoia Capital, K2 Global, Microsoft Locations: San Francisco, Tokyo
OpenAI's Sam Altman unveiled a new video-generating tool called Sora. Sora creates realistic videos based on user prompts, including images and longer videos. The AI company behind ChatGPT announced the new tool, Sora, on Thursday. It's designed to create realistic videos based on user prompts. In response, Sora delivered a bunch of sea creatures, some with human-like legs, biking on water.
Persons: OpenAI's Sam Altman, , Sam Altman, ChatGPT, It's, Altman, sora, Sora Organizations: Service
Now, a group of leading tech companies say they are teaming up to address that threat. More than a dozen tech firms involved in building or using AI technologies pledged on Friday to work together to detect and counter harmful AI content in elections, including deepfakes of political candidates. Tech companies generally have a less-than-stellar record of self-regulation and enforcing their own policies. “Every election cycle, tech companies pledge to a vague set of democratic standards and then fail to fully deliver on these promises. To address the real harms that AI poses in a busy election year … We need robust content moderation that involves human review, labeling and enforcement.”
Persons: Brad Smith, OpenAI, , , Sam Altman, ” Nora Benavidez Organizations: New, New York CNN, Google, Meta, Microsoft, Adobe, “ Tech Accord, , Munich, Tech, Free Press Locations: New York
NEW YORK (AP) — The maker of ChatGPT is now diving into AI-generated video. The model can also generate video from an existing still image. Getting an AI system to generate videos is newer and more challenging but relies on some of the same technology. Still, industry analysts stress the apparent quality and and impressive length of Sora videos shared so far. Although Sora's abilities have astounded observers since Thursday's launch, anxiety over ethical and societal implications of AI-generated video uses also remains.
Persons: Sora —, Sora isn't, Sam Altman, OpenAI, , Sora isn’t, Fred Havemeyer, ” Havemeyer, “ You’re, — Forrester, Rowan Curran, Curran, “ We’re, Sora, ” OpenAI’s, Anna Makanju, Sora “, ________________ O'Brien Organizations: San Francisco, Meta, Associated Press, ” Tech, European Union, Munich Security Conference, OpenAI, Microsoft, The New York Times Locations: San, Macquarie, Providence , Rhode Island
OpenAI recently debuted its new Sora tool for generating AI videos based on user prompts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Open AI, creators of ChatGPT, announced on Thursday their new Sora tool, which generates short AI videos based on user prompts. This story is available exclusively to Business Insider subscribers.
Persons: OpenAI, , ChatGPT, Sam Altman, . Organizations: Service, Business
Sam Altman wants US government approval for his trillion-dollar AI chip venture, Bloomberg reported. AdvertisementSam Altman is trying to get Washington's backing for his trillion-dollar AI chip venture. Altman told potential investors that he can't move forward without Washington's approval, Bloomberg reported. He's said to be presenting his pitch as a partnership with OpenAI, chip makers, and investors who can finance GPU chip plants, the report says. He also took an indirect shot at Altman, joking that $7 trillion could buy "apparently all the GPUs."
Persons: Sam Altman, Altman, Jensen Huang, , He's, OpenAI, hasn't, Omar Al Olama, Huang Organizations: Bloomberg, Nvidia, Service, Street Journal, United, United Arab Emirates, OpenAI, Business Locations: United Arab
A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in 2024 elections. The industry is specifically targeting deepfakes, which use deceptive audio, video and images to mimic key stakeholders in democratic elections or to provide false voting information. Microsoft , Meta , Google , Amazon , IBM , Adobe and chip designer Arm all signed the accord. News of the accord comes a day after ChatGPT creator OpenAI announced Sora, its new model for AI-generated video. The accord reflects the industry's effort to take on "AI-generated election misinformation that erodes trust," he said.
Persons: Sam Altman, OpenAI, Sora, Kent Walker, Christina Montgomery Organizations: Economic, Microsoft, Meta, Google, IBM, Adobe, Tech Locations: Davos, Switzerland
The gloves are off among Silicon Valley CEOs
  + stars: | 2024-02-15 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +5 min
Silicon Valley CEOs are doing battle in public. AdvertisementThe Silicon Valley elite have been at each other's throats a little more than usual lately. AdvertisementThe latest example of this came this week when Mark Zuckerberg derided Apple's Vision Pro headset in an Instagram video. The Vision Pro is a direct competitor to Meta's Quest Pro but Zuckerberg does not appear concerned for now. “If you go back to the PC era, Microsoft’s open model was the winner, and in this next generation Meta is going to be the open model, and I really want to make sure that the open model wins out again.”Zuckerberg has good reason to be on the offense.
Persons: Mark Zuckerberg, , Apple's, Zuckerberg, Justin Sullivan, it’s, ” Zuckerberg, OpenAI’s, Bill Gates, ” Elon Musk, Sam Altman, chatbot Grok, Elon Musk, Leon Neal, Satya Nadella, OpenAI, Y, Paul Graham, Tim Cook, Steve Jobs, , Organizations: Vision, Service, Tech, Meta's, Apple, Reality Labs, Microsoft, Google Locations: OpenAI, Zuck
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChatGPT has been acting up in weird ways in recent months. AI models like GPT-4 are continually tweaked and updated, with OpenAI relying on interactions with users to train ChatGPT to become more conversational and useful. It works through a process called reinforcement learning from human feedback , where the AI model learns which responses are more favorable to users and adjusts accordingly. ChatGPT users said the bot was becoming lazyIn recent months, users of the chatbot, which reportedly now has around 1.7 billion users, have been complaining that it has been acting up.
Persons: , OpenAI, James Zou, ChatGPT, Sam Altman, Zou Organizations: Service, Business, Stanford University, Stanford Locations: GPT
The company named the five actors — China-affiliated "Charcoal Typhoon" and "Salmon Typhoon," Iran-affiliated "Crimson Sandstorm," North Korea-affiliated "Emerald Sleet," and Russia-affiliated "Forest Blizzard." The Chinese mecha in the film was named "Crimson Typhoon," while the Russian mecha was called "Cherno Alpha." Adjectives are then added at the front to distinguish between threat actors within the same family. Besides "Crimson Sandstorm," Iran is also affiliated with "Lemon Sandstorm" and "Marigold Sandstorm." Besides monitoring and disrupting threat actors, the company said it has been working with industry partners to exchange information.
Persons: , Guillermo del, OpenAI, Sandstorm, Sam Altman, Altman Organizations: Service, Microsoft, Business, Warner Bros Locations: — China, Iran, North Korea, Russia, Guillermo, Russian, China
But with just nine months until Americans head to the ballot box, there are few signs Congress is ready to pass any meaningful legislation on AI. Alex Wong/Getty ImagesSchumer has previously said that with the election nearing, he may seek to fast-track a bill that focuses specifically on AI and election security. Nothing looks likely to move.”Initial momentum on AI regulationFor months, Congress has focused on getting up to speed on the basics of AI. Still other ideas would require “high-risk” AI models to register for a government license, or create a dedicated new federal agency to oversee AI. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.
Persons: Joe Biden, Chuck Schumer, Bill Gates, Mark Zuckerberg, Elon Musk, , Schumer, Sen, Todd Young, Martin Heinrich, Michael Rounds, Alex Wong, New Mexico Democratic Sen, South Dakota Republican Sen, Mike Rounds, Indiana Republican Sen, didn’t, Paul Gallant, Cowen, , Gallant, we’re, Sam Altman, Altman, Heinrich, Rounds, Young, Julia Nikhinson, Sundar Pichai, Jensen Huang, Mike Johnson, Marcus Molinaro, Johnson, Drake, Tom Hanks, Tennessee Republican Sen, Marsha Blackburn, Hakeem Jeffries, Don Beyer, it’ll, Alan Davidson, Biden, Elizabeth Frantz, ” Davidson, , Sarah Myers West Organizations: Washington CNN, mayoral, U.S, Senate, Capitol, Artificial Intelligence, , CNN, New, New Mexico Democratic, South Dakota Republican, Indiana Republican, Cowen Inc, United, International Atomic Energy Agency, Intelligence, Reuters, Google, Nvidia, New York Republican, The Washington Post, Commerce, Tennessee Republican, ITI, Virginia Democratic Rep, State of, Republican, House Energy, European Union, EU, Congress, Commerce Department, White House, Privacy, Technology, Democrats, Federal Trade Commission Locations: Washington ,, New Mexico, South, Washington , U.S, Washington
In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.
Persons: , Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London
DUBAI, United Arab Emirates (AP) — The CEO of ChatGPT-maker OpenAI said Tuesday that the dangers that keep him awake at night regarding artificial intelligence are the “very subtle societal misalignments” that could make the systems wreak havoc. “There’s some things in there that are easy to imagine where things really go wrong. And I’m not that interested in the killer robots walking on the street direction of things going wrong," Altman said. G42 has what experts suggest is the world's leading Arabic-language artificial intelligence model. However, the discussion with Altman, moderated by the UAE's Minister of State for Artificial Intelligence Omar al-Olama, touched on none of the local concerns.
Persons: OpenAI, Sam Altman, Altman, shouldn't, “ We’re, Everyone’s, Abu, Artificial Intelligence Omar al, ” Altman, Organizations: United Arab Emirates, World Governments, International Atomic Energy Agency, Emirates, State, Artificial Intelligence Locations: DUBAI, United Arab, Dubai, UAE, Abu Dhabi
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.
Persons: , florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London
Altman, the OpenAI chief, is reportedly trying to raise trillions to boost supplies of the chips needed for AI processing. The Nvidia CEO said AI infrastructure costs would be considerably less than the $5 trillion to $7 trillion Altman is reportedly trying to raise because of expected advances in computing. He also suggested that the cost of building AI data centers globally would amount to $2 trillion by 2029. Huang said: “There’s about a trillion dollars’ worth of installed base of data centers. Nvidia has held talks with companies including OpenAI, Microsoft, Google and Meta to develop custom chips for data centers, unnamed sources told Reuters.
Persons: , Jensen Huang, Sam Altman, Altman, Huang, Omar Al Olama, ” Huang, OpenAI didn’t Organizations: Service, Nvidia, World Governments, Business, United, United Arab Emirates ’, Street, Microsoft, Google, Reuters Locations: Dubai, United Arab, UAE
OpenAI CEO Sam Altman compared the current ChatGPT model to a "barely useful cellphone." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But OpenAI CEO Sam Altman does — and he compared it to the current model of ChatGPT. "We're at this barely useful cellphone," Altman said this week at the World Government Summit, where he made a virtual appearance.
Persons: Sam Altman, Altman, , OpenAI Organizations: Service, World Government, Business
What keeps Sam Altman up at night?
  + stars: | 2024-02-13 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +2 min
OpenAI CEO Sam Altman said that "all of the sci-fi stuff" keeps him up at night. AdvertisementEver wondered what keeps Sam Altman up at night? The OpenAI CEO tweeted last February that regulation was critical to AI development and that the world needed time to figure it out. Despite the broader fears that keep him up at night, Altman said that he believes that things will go "tremendously right." "I think we can easily imagine a world in the not-so-distant future where everybody has a better life than they have today," Altman said.
Persons: Sam Altman, Altman, , they've, he's, hasn't, OpenAI Organizations: Service, World Government
The Vision Pro may be a few generations away from reaching its full potential, some developers say. AdvertisementApple has blown people away with its new Vision Pro headset — but some feel that there's much more to do. Gurman, in his review, wrote that "today's Vision Pro is more of a preview of the future than the future itself," pointing out its unwieldy weight and short battery life. "While many on the Street are dismissing Vision Pro as noise, we strongly disagree," the firm said. Business Insider's Jordan Hart also called the Vision Pro a "promising" technology, though she noted the relatively meager offerings on the device's App Store.
Persons: , Marc Gurman, That's, Sam Altman, Altman, Business Insider's Jordan Hart Organizations: Service, Apple, Apple's Vision Products, Apple Watch, OpenAI, Twitter, Wedbush Securities, Vision, Business
Read previewMasayoshi Son owes much of his success to an incredibly prescient dot-com era bet on Alibaba. The SoftBank chief first invested $20 million in Jack Ma's ecommerce upstart in 2000, when it was just a year old. That faith was handsomely rewarded, with SoftBank realizing an incredible $72 billion gain on its investments in Alibaba over the course of 23 years. Arm and the Vision Funds collectively represent 70% of SoftBank’s net asset value, a key performance indicator that reflects the total value of its holdings. Arm, SoftBank's latest golden child, is on course to deliver, but there is still much work to be done to get the Vision Funds back on track.
Persons: , Jack Ma's ecommerce, Ma, Son, Masayoshi Son's, Jack Ma, Alibaba, ChatGPT, Yoshimitsu Goto, SoftBank, Uber, Sam Altman, he'll Organizations: Service, Business, Future Publishing, Vision, Apple, Google, Nvidia, Samsung, Nasdaq, Funds Locations: Alibaba, China, British, London
OpenAI CEO Sam Altman praised Apple's Vision Pro as the "second most impressive" tech since the iPhone. The Vision Pro, a mixed-reality headset, has the potential to usher in a new normal. AdvertisementSam Altman had high praise for Apple's Vision Pro this week, deeming the new spatial computer the "second most impressive" technology since the iPhone burst on the scene in 2007. The OpenAI CEO made the comments in a post on X on Friday, days after the Vision Pro officially hit the market for $3,500 each. In response to his Friday X post, another user suggested Vision Pro had a bad name.
Persons: Sam Altman, Apple's, ChatGPT, , Jordan Hart, Altman Organizations: Service, Apple's, Vision Pro, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI CEO reportedly seeks trillions of dollars for new AI chip projectCNBC's Deirdre Bosa reports on the latest news from OpenAI founder Sam Altman.
Persons: Deirdre Bosa, Sam Altman
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