OpenAI in early talks with regulators to convert to for-profit company

OpenAI, the $157 billion artificial intelligence company founded in 2015 as a nonprofit, is in preliminary discussions with the California and Delaware attorneys general to convert to a for-profit public benefit corporation. According to two people familiar with the matter, the process will likely involve regulators examining how OpenAI values its intellectual property assets, such … Read more

Meta makes Llama AI models available for US defense applications

Meta is making its Llama AI models available to U.S. government agencies and contractors working on defense and national security applications. According to a blog post by Meta cited by TechCrunch, the company is partnering with firms like Accenture, Amazon Web Services, and Lockheed Martin to bring Llama to these entities. The move comes after … Read more

OpenAI CEO says next major AI model GPT-5 unlikely to launch this year

OpenAI CEO Sam Altman announced during a Reddit AMA on Thursday that the company likely won’t release GPT-5, its next major AI model, in 2023 due to the increasing complexity of these models. Altman cited “limitations and hard decisions” in allocating compute resources as the reason for the delay, despite “some very good releases coming … Read more

Microsoft reports OpenAI investment and AI-driven growth

Microsoft has revealed that its AI business is on track to surpass a $10 billion annual revenue run rate next quarter, making it the fastest business in the company’s history to reach this milestone. The company’s CEO, Satya Nadella, attributes this growth to Microsoft’s partnership with OpenAI, the creator of ChatGPT. Microsoft disclosed in its … Read more

Meta reports strong AI progress and financial results amid rising costs

Meta, the parent company of Facebook and Instagram, has announced significant advancements in its artificial intelligence projects and strong financial results for the third quarter of 2024. CEO Mark Zuckerberg revealed that Meta AI, the company’s generative AI tool, has surpassed 500 million monthly users and is on track to become the most-used AI assistant … Read more

Omnivore acquired by ElevenLabs to power new ElevenReader app

Omnivore, a reading app startup, has been acquired by ElevenLabs, an AI audio technology company, to help develop their new ElevenReader app. According to a note from Omnivore’s founders Jackson and Hongbo, the acquisition will enable them to create more accessible reading and listening experiences on a larger platform. Omnivore users are invited to create … Read more

UK government receives recommendations to streamline visas for AI experts

An AI action plan submitted to the UK government by angel investor Matt Clifford recommends reducing cost and complexity of visas for AI experts and creating special zones for data centres to support the UK’s artificial intelligence sector. Commissioned by Science and Tech Secretary Peter Kyle in July, the report is based on Clifford’s consultations … Read more

Universal Music Group strikes partnership for ethical AI music models

Universal Music Group (UMG) has announced a collaboration with AI company Klay Vision to ethically train generative AI music models using UMG’s data, as reported by Emilia David. The partnership aims to create AI-generated music that respects copyright and includes protections for human creators’ likeness rights. Despite previously suing AI companies for using its data, … Read more

OpenAI generates majority of revenue from consumer subscriptions, CFO says

OpenAI generates roughly 75% of its revenue from consumer subscriptions to products like its ChatGPT chatbot, with paid plans starting at $20 per month, according to CFO Sarah Friar in an interview with Bloomberg TV. Friar said ChatGPT has 250 million weekly active users, with a 5-6% conversion rate from free to paid. While OpenAI … Read more

Humane pivots to licensing AI operating system

Humane, a San Francisco-based startup co-founded by former Apple engineers Bethany Bongiorno and Imran Chaudhri, is now focusing on licensing its AI operating system CosmOS after the release of its AI Pin wearable device received significant criticism. As reported by Om Malik, the AI Pin faced issues such as poor battery life, heating problems, and … Read more