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The Latest Breaking News from Sam Altman

Documents show OpenAI's long journey from nonprofit to $157B valued company

Back in 2016, the artificial intelligence maker OpenAI had just incorporated as a nonprofit and applied to the Internal Revenue Service for tax-exempt status

The Independent UK

OpenAI may endure massive $44 Billion losses before seeing profit in 2029 partly due to Microsoft tie-up: "The partnership with Microsoft might mean OpenAI earns less from each dollar of revenue"

A new report suggests OpenAI could make $44 billion in losses before potentially becoming profitable in 2029. It further estimates the company's revenue generation to have scaled $100 billion.

Windows Central

AI is having its Nobel moment. Do scientists need the tech industry to sustain it?

Hours after the artificial intelligence pioneer Geoffrey Hinton won a Nobel Prize in physics, he drove a rented car to Google’s California headquarters to celebrate

The Independent UK

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Nobel Prize winner claims former OpenAI Chief Scientist fired Sam Altman because he "is much less concerned with AI safety than profits" — and suggests superintelligence might be on the horizon: "We have maybe 4 years left"' before human extinction

Nobel Prize winner and physicist gives former OpenAI Chief Scientist Ilya Sutskever a hat tip for his contributions to developing safe AI and firing Sam Altman for his missteps, including focusing on generating focus and abandoning the firm's founding mission.

Windows Central

Former Google CEO says AI firms should build data centers because 'we're not organized' to hit ambitious climate goals anyway: "I'd rather bet on AI solving the problem than constraining it and having the problem"

Despite the negative implications AI data centers have on the climate, former Google CEO Eric Schmidt says companies should proceed to build them as we're not organized enough o hit our climate goals anyway.

Windows Central

An analyst predicts OpenAI could be part of Microsoft's acquisition portfolio by 2027: "Investors' focus might shift away from AI, and the startups will just find it difficult to keep funding for the innovation they want to do"

Microsoft might acquire the ChatGPT maker within the next three years. An analyst predicts the AI hype is quickly fading, and startups like OpenAI will be forced into unceremonious acquisitions by investors with vast resources like Microsoft.

Windows Central

New Nobel Prize winner, AI godfather Geoffrey Hinton, says he’s proud his student fired OpenAI boss Sam Altman

The 76-year-old argued it’s “unfortunate” that Altman has put profits over AI safety.

Fortune

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OpenAI Accuses Elon Musk Of Harassment Following New Lawsuit

OpenAI accused Elon Musk for harassing the company following the lawsuit filed by Tesla's owner.

International Business Times

Sam Altman admits ChatGPT's Advanced Voice Mode tricked him into thinking AI was a real person: "I kind of still say 'please' to ChatGPT, but in Voice Mode, I couldn't use the normal niceties. I was so convinced, like, Argh, it might be a real person"

OpenAI CEO Sam Altman admits that ChatGPT's Voice Mode was the first time he was tricked into thinking AI was a real person.

Windows Central

What Next For OpenAI After $157 Billion Bonanza?

ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round.

International Business Times

OpenAI ‘pleads’ for exclusive funding, raises $6.6 billion, leaving Elon Musk’s xAI and other AI firms to fend for themselves

OpenAI received $6.6 billion in investment recently and is now valued at $157 billion. Interestingly, OpenAI does not want it its investors to fund competition and has reportedly shared a list of companies to stay away from.

Windows Central

OpenAI Secures $6.6 Billlion In New Funding At $157 Billion Valuation

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

Latin Times

OpenAI's $157 billion valuation and the port strike show the contrasting attitudes around AI

One group is doubling down on optimism over AI; the other is fighting it out of fear.

Fortune

NVIDIA just debuted its new open-source advanced AI model with state-of-the-art capabilities to take on OpenAI's 'magical' GPT-4o

NVIDIA recently unveiled powerful open-source multimodal large language models (LLMs) dubbed NVLM 1.0 with the flagship model, NVLM-D-72B featuring up to 72 billion parameters.

Windows Central

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Windows Central

OpenAI's "collapse" fears reportedly date back to Chief Scientist Ilya Sutskever's abrupt departure — beyond recent bankruptcy reports with projections of $5 billion in losses within the next 12 months

The departure of OpenAI Chief Scientist Ilya Sutskever raised concern among top officials in the firm behind the curtains. They reportedly tried to get the Chief Scientist back on the team by extending him a new and possibly lucrative deal, but their efforts were turned down.

Windows Central

OpenAI raises $6.6 billion from Microsoft and NVIDIA, pushing its market cap to $157 billion — with "the world's dominant AI company worth trillions of dollars" and $11.6 billion in sales vision on the horizon

OpenAI has officially closed its funding round with a $157 billion market capitalization after raising $6.6 billion from many big tech corporations, including Microsoft, NVIDIA, SoftBank, and more.

Tom’s Guide

OpenAI confirms AI agents are coming next year — what it means for you

OpenAI confirms we will start to see the first true AI agent systems next year, able to act on its own to answer human queries.

Fortune

Mira Murati’s surprise exit from OpenAI caps a chaotic year of staff infighting, rushed product launches, and executive upheaval

Mira Murati’s surprise exit from OpenAI caps a chaotic year of staff infighting, rushed product launches, and executive upheaval.

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Fortune

Why Sam Altman owning or not owning equity in OpenAI is such a dramafest

Altman has denied rumors that he will get a 7% equity stake in the company that could be worth nearly $10 billion.

Fortune

OpenAI sees $5 billion loss in 2024 and soaring sales as big ChatGPT fee hikes planned, report says

According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.

Fortune

Sam Altman denies plan to give him equity in for-profit OpenAI

Altman said there are “no current plans” to give him equity in the company.

Windows Central

OpenAI CEO Sam Altman branded "podcasting bro" for his reportedly absurd plan to "take $7 trillion and many years to build 36 semiconductor plants and additional data centers" to fulfill his ambitious AI vision

OpenAI CEO Sam Altman has reportedly been curating an "audacious plan" to address the firm's computing power needs, which require "$7 trillion and many years to build 36 semiconductor plants and additional data centers."

France 24

'Not a normal company': OpenAI loses another executive as it seeks huge valuation

OpenAI, the world's most valuable AI startup, has just lost another executive. Chief Technology Officer Mira Murati is one of more than 20 key staff who have departed this year, leaving CEO Sam Altman with just one of his fellow co-founders.

PC Gamer

OpenAI reportedly plans to ditch its nonprofit mission with CEO Sam Altman said to be in line to make billions

Show ChatGPT the money.

Fortune

Who’s got enough power for OpenAI’s 5-gigawatt data center plans?

Five gigawatts is the kind of power a major city needs.

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