OpenAI
OpenAI Lands Top Microsoft AI Executive Sébastien Bubeck
October 15, 2024 – In a significant move within the realm of artificial intelligence, Microsoft announced on October 14 that Sébastien Bubeck, its Vice President of Generative AI Research, is set to depart the company to join OpenAI, the creator of ChatGPT. This development marks a turning point not only for Microsoft but also for…
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…
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,…
Anthropic, OpenAI’s Rival, Eyes $30-40 Billion Valuation in Potential Funding Round
September 24, 2024 – Reports from The Information indicate that Anthropic, a US-based AI startup, has initiated discussions with investors for a new round of funding. According to an existing investor, Anthropic’s valuation could potentially reach between 30to40 billion after this new funding round, which is approximately twice the valuation it had after completing a…
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…
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…
OpenAI Set to Unveil ‘Strawberry’ Large Model in Two Weeks, Promises Advanced Reasoning Capabilities
September 11, 2024 – On August 7th, local time, Altman sparked widespread discussion online by posting a photograph of strawberries, hinting at the mysterious “Strawberry” project. According to a report by The Information today, OpenAI plans to unveil the “Strawberry” AI model, formerly known as the Q* project, in the next two weeks. This launch…
OpenAI ChatGPT Enterprise Hits 1 Million Paying Users, Mostly in the US
September 06, 2024 – According to Bloomberg, OpenAI has reached a significant milestone with its ChatGPT enterprise versions, including ChatGPT Team, ChatGPT Enterprise, and ChatGPT Edu, surpassing 1 million paying users. However, OpenAI has not disclosed the average number of users per enterprise customer or the recent number of new enterprise signups. In April of…