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Generative AI

Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Altman and finance chief Sarah Friar both said at the meeting, conducted by video, that […]

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Amazon introduces Amelia, an AI assistant for third-party sellers

Amazon introduces Amelia, an AI assistant for third-party sellers

Amazon parcels are prepared for delivery at Amazon’s Robotic Fulfillment Centre. Nathan Stirk | Getty Images Amazon is rolling out an artificial intelligence tool designed to help third-party sellers quickly resolve issues with their accounts and fetch sales and inventory data. The company said Thursday that it’s launching the product, called Amelia, in beta for

Amazon introduces Amelia, an AI assistant for third-party sellers Read More »

China’s Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool

China’s Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool

The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024.  CFOTO | Future Publishing | Getty Images Alibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the capabilities of its proprietary technology as it looks to ramp up competition with rivals. The newly-released models, known as Qwen

China’s Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool Read More »

Big AI models will be commoditized — the value will come from the applications, Infosys chair says

Big AI models will be commoditized — the value will come from the applications, Infosys chair says

Massive artificial intelligence models built by the likes of OpenAI will eventually become commoditized with the next wave of value in the technology coming from the applications that are built on top of the models, the co-founder and chair of Infosys told CNBC on Tuesday. Large language models are the AI models trained on amounts

Big AI models will be commoditized — the value will come from the applications, Infosys chair says Read More »

Tiger Global plans to join OpenAI’s funding round at more than 0 billion valuation

Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images Tiger Global is planning to join OpenAI’s buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to

Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation Read More »

OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers

OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers

OpenAI CEO Sam Altman during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images Leaders at OpenAI, Anthropic, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence

OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers Read More »

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