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OpenAI Forecasts 2029 Profitability After Anticipated $14B Loss in 2026
October 10, 2024 – According to a report by The Information, OpenAI predicts that it will achieve profitability by 2029, with revenues reaching $100 billion. However, until this point is reached, the company faces significant financial challenges. Based on an analysis of OpenAI’s financial documents, The Information estimates that the company could incur losses of…
OpenAI Establishes Second Asian Office in Singapore, Following Tokyo
October 9, 2024 – On Wednesday, American artificial intelligence (AI) company OpenAI announced plans to open an office in Singapore later this year and has already begun assembling a team in the country. According to the company, Singapore will serve as a hub for supporting clients and partners in the Asia-Pacific region. The team will…
NVIDIA Predicts $20 Trillion Economic Boost from AI Adoption Across Industries
October 9, 2024 – On Tuesday, NVIDIA hosted a three-day “AI Summit” in the United States, where Bob Pette, Vice President and General Manager of NVIDIA’s Enterprise Platform Business, emphasized that the focus of the summit was more on the practical applications of AI rather than new product launches. Pette highlighted that industries worldwide are…
OpenAI CEO Sam Altman Debunks Rumors of Acquiring 7% Stake: ‘Not True At All’
September 29, 2024 – Sam Altman, the CEO of OpenAI, firmly rejected rumors during a company-wide meeting on Thursday that he would acquire a significant equity stake in the company, stating that such reports are “simply not true.” Addressing the speculations about his potential ownership of OpenAI shares, Altman clarified, “There are no such plans…
OpenAI’s Top Brass Exit Unrelated to Restructuring, CEO Altman Maintains
September 27, 2024 – According to a report by Reuters, OpenAI CEO Sam Altman has dismissed any correlation between the departures of three top executives and the company’s planned reorganization, stating that the board has been contemplating this restructuring for several months. Yesterday, OpenAI’s Chief Technology Officer, Mira Murati, unexpectedly announced her resignation. Within hours,…
OpenAI Dominates AI Landscape: New 50−70BillionFundingRoundtoBoostValuationBeyond150 Billion
September 21, 2024 – According to a blog post published by tech media outlet The Decoder on September 20th, OpenAI is on the verge of closing a massive funding round worth between 5billionand7 billion, potentially pushing the company’s valuation towards $150 billion. Reports indicate that OpenAI has set a minimum investment threshold of $250 million…
Zuckerberg Highlights Meta’s Contrast with Apple: Prioritizing Feedback Over Acclaim
September 19, 2024 – In a recent podcast appearance on Acquired this week, Meta CEO Mark Zuckerberg made some noteworthy comments about his company’s approach, contrasting it with that of Apple. The tech mogul emphasized that Meta’s strategy stands in stark contrast to Apple’s in many respects. According to Zuckerberg, there’s no question of right…
OpenAI Introduces Auto Mode: ChatGPT Selects AI Model Based on Prompt Complexity
September 19, 2024 – According to a report by testingcatalog on September 18th, OpenAI has introduced an “Auto” mode for ChatGPT, which is now available to all users on multiple devices. This new feature automatically selects the most suitable AI model based on the complexity of the user’s input prompt. For complex prompts, the system…
Bank of America on AI Boom: Still in Early Stages, Comparable to Internet in 1996
September 14, 2024 – Amidst a growing skepticism among investors regarding the future of AI, Bank of America has released a report suggesting that the current AI boom is still in its nascent stages, mirroring the trajectory of the internet in the 1990s. The bank’s statement comes at a time when substantial funds have flooded…
Football-Playing Humanoid Robot Helps Accelerated Evolution Net Major Investment
September 12, 2024 – Humanoid robot company “Accelerated Evolution” has recently completed a 100 million yuan Pre-A series funding round. The investment was jointly made by PeerTimes, Minsheng Bank International, Zhongguancun Science City, and iCANX Fund, with follow-on investment from existing investor InnoAngel. The funds will primarily be used for developing a universal robot body…