openai - The AI Report

Why OpenAI’s restructuring could reshape the artificial intelligence landscape

31Oct

By The AI ReportNo Comments

News Feed, OpenAI

Why OpenAI’s restructuring could reshape the artificial intelligence landscape

While OpenAI made compromises to get it done, the restructure is a decisive win that will pave the way for a new era of heightened investment in ...

Massive Michigan data center slated to power Oracle, OpenAI – Detroit Free Press

31Oct

By The AI ReportNo Comments

News Feed, OpenAI

Massive Michigan data center slated to power Oracle, OpenAI – Detroit Free Press

The development would be part of the "Stargate" artificial intelligence initiative by companies OpenAI and Oracle.

Artificial Intelligencer: Inside the $500 billion deal that freed OpenAI’s ambition | Reuters

30Oct

By The AI ReportNo Comments

News Feed, OpenAI

Artificial Intelligencer: Inside the $500 billion deal that freed OpenAI’s ambition | Reuters

FILE PHOTO: Illustration shows OpenAI logo. FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic ...

OpenAI May Target $1 Trillion Valuation in IPO, Reuters Says – Bloomberg

30Oct

By The AI ReportNo Comments

News Feed, OpenAI

OpenAI May Target $1 Trillion Valuation in IPO, Reuters Says – Bloomberg

Artificial intelligence startup OpenAI is preparing to file for an initial public offering as soon as next year that could give the company a ...

Microsoft earnings suggest $11.5B OpenAI quarterly loss – The Register

30Oct

By The AI ReportNo Comments

News Feed, OpenAI

Microsoft earnings suggest $11.5B OpenAI quarterly loss – The Register

Current year net income and diluted EPS were negatively impacted by net losses from investments in OpenAI, which resulted in a decrease in net income ...

Exclusive: OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation | Reuters

30Oct

By The AI ReportNo Comments

News Feed, OpenAI

Exclusive: OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation | Reuters

OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the ...

Meta AI Vibes on Wall Street radar in Q3 earnings, trails OpenAI Sora – CNBC

28Oct

By The AI ReportNo Comments

News Feed, OpenAI

Meta AI Vibes on Wall Street radar in Q3 earnings, trails OpenAI Sora – CNBC

The Meta AI app has seen a major jolt in downloads since the company launched Vibes and began paying creators to make AI-generated videos.

OpenAI Restructures, Gets More Freedom in New Microsoft Deal – Business Insider

28Oct

By The AI ReportNo Comments

News Feed, OpenAI

OpenAI Restructures, Gets More Freedom in New Microsoft Deal – Business Insider

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.

Sam Altman: OpenAI wants to get to $1 trillion a year in infrastructure spend – Axios

28Oct

By The AI ReportNo Comments

News Feed, OpenAI

Sam Altman: OpenAI wants to get to $1 trillion a year in infrastructure spend – Axios

OpenAI has committed to spend about $1.4 trillion on infrastructure so far, equating to roughly 30 gigawatts of data center capacity, CEO Sam ...

OpenAI says CEO Altman will not get a stake in newly restructured firm | Reuters

28Oct

By The AI ReportNo Comments

News Feed, OpenAI

OpenAI says CEO Altman will not get a stake in newly restructured firm | Reuters

OpenAI co-founder and CEO Sam Altman is not getting a stake in the newly restructured company, the ChatGPT maker said on Tuesday.