Tag Archives: openai

CoinspeakerElon Musk’s xAI Aims for $6B Funding to Challenge OpenAI Financial Times said the upcoming investment round is anticipated to be led by Morgan Stanley. Elon Musk’s xAI Aims for $6B Funding to Challenge OpenAI

Unlike its competitors, Mistral AI chose to make its model available as a free download instead of providing access through APIs. This approach empowers developers to run the model on their own devices and servers. French Artificial Intelligence (AI) startup Mistral AI has reached a valuation of $2 billion following the conclusion of a successful funding round which raised €385 million ($415 million) to further develop its innovative technology and open-source software. Significance of...

With a valuation of $2 billion within its first year, Mistral’s rapid ascent reflects the tech industry’s unwavering optimism regarding the future potential and profitability of AI businesses. Mistral AI, a formidable competitor to OpenAI, is in the final stages of securing approximately €450 million ($487 million) in a funding round. Notable investors, including Nvidia Corp and Salesforce Inc, are backing the venture, valuing the artificial intelligence company at around $2 billion,...

Meta’s AI chief, Yann LeCun said it will take decades to achieve the adoption of AGI. Meta’s AI chief, Yann LeCun, has expressed skepticism about current AI systems surpassing human intelligence anytime soon. Mr. LeCun shared this sentiment while speaking at a Meta media event to celebrate the 10th anniversary of its Fundamental AI Research team. LeCun: AGI Systems Not Possible for Decades Last week, Reuters reported that OpenAI cofounder Sam Altman was removed as CEO when a team of OpenAI...

Altman shared his strategic vision for the future of OpenAI. He noted that the firm will renew its commitment to research, improving its products, and better serving its customers. OpenAI CEO Sam Altman has officially returned to his role after being temporarily ousted by the company board. At the time, the board cited communication breakdowns with Altman as their reason for his removal. The removal triggered 97% of OpenAI employees who asked for the reinstatement of Altman and the...

OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman. Artificial Intelligence (AI) company Anthropic may have just refused to enter into a merger deal with OpenAI. According to a report by The Information and another report by Reuters, OpenAI’s board of directors put forward the offer following last week’s decision to sack its immediate past CEO Sam Altman. Anthropic CEO Rejects OpenAI’s Offers Citing sources with inside knowledge, The...

The price of Worldcoin has fallen over the last 24 hours as new of Sam Altman’s problems and ousting continue to spread. The price of Worldcoin (WLD) reacted to the news in the artificial intelligence (AI) industry, especially as it relates to OpenAI. WLD, the native token of the Worldcoin project, co-founded by Altman, climbed more than 9% over the last 24 hours, and traded at $2.55, according to data from CoinGecko. Data also showed that it rose more than 31% over the past week....

A number of AI tokens have seen recent significant increases, following Musk’s xAI shareholder announcement, along with other news updates. Artificial intelligence (AI) tokens climbed over the past weekend following news from AI companies about the future of the sector. X Corp owner and Chairman Elon Musk said on Sunday that the company’s shareholders would have a 25% stake in xAI, Musk’s new AI company. Another factor that pumped AI stock over the last few days is news that former OpenAI...

OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements,...

According to Samsung, developers can benefit from an interactive interface offered by the “Gauss Code” that supports code description and test case generation functions to build corporate applications tailored to their needs.  Samsung Electronics, one of the leading global electronics companies based in South Korea, is expanding its foothold into the artificial intelligence market with the launch of its own chatbot dubbed Samsung Gauss. The company announced the launch of the new AI...