OpenAI generates at least $225 million in monthly revenue

OpenAI currently has more than 10 million paying subscribers and 1 million customers for the higher-priced enterprise plan for ChatGPT. This is according to an email that OpenAI COO Brad Lightcap sent to employees, reports The Information. Based on this, the media outlet conservatively estimates that the startup generates $225 million in revenue per month, …

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Video AI MiniMax goes viral with Star Wars

Chinese startup MiniMax is making waves in the tech world with its new AI video generator. As Michael Nuñez reports for VentureBeat, the Alibaba- and Tencent-backed company’s tool can create stunning videos, including Star Wars battle scenes, in seconds. Filmmaker Dave Clark demonstrated the service’s capabilities in a funny little video that went viral. MiniMax …

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Information about OpenAI’s mysterious “Strawberry” project

OpenAI’s mysterious “Strawberry” project could see the light of day in the next two weeks. This is according to a report by The Information. Market observers had high expectations. However, the information that has now become public has cooled the enthusiasm considerably. According to the report, Strawberry is a pure text model and specializes in …

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Translation specialist Smartcat raises $43 million

Smartcat, a provider of AI-powered translation tools, has raised $43 million in a Series C funding round. The Boston-based company provides companies with tools and services to translate written and spoken content into around 280 languages. As founder and CEO Ivan Smolnikov told TechCrunch, Smartcat uses a “matching engine” to select appropriate AI models for …

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Apple Intelligence beta coming in October

Apple will release the beta version of Apple Intelligence with iOS 18.1 in October. The first features will be available in US English only, the company announced. Other English versions will follow in December for users in Australia, Canada and the UK. Chinese, French, Japanese and Spanish are planned for 2025. Apple Intelligence is offered …

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Doubts about Reflection 70B performance

What a difference a weekend makes: Just a few days ago, the new Reflection 70B was considered the potential champion among open source models. According to official information, the model is based on Meta’s Llama 3.1 70B, but with a special feature: it is specially trained not to give an immediate answer, but to analyze …

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Why OpenAI’s Sora is still not available

OpenAI is apparently delaying the release of its much-anticipated AI video model Sora. The company is currently in talks with policymakers and looking for partnerships in the entertainment industry. According to a statement to CNBC, Sora is still in the research phase. OpenAI CTO Mira Murati announced that Sora will be released this year, but …

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Getty Images releases dataset for AI training

Getty Images has released a high quality image dataset for AI training on Hugging Face. The dataset includes 3,750 images from 15 categories and is characterized by commercial security and high quality, Andrea Gagliano, head of data science and AI/ML at Getty Images, tells VentureBeat. The images are curated specifically for machine learning, in high …

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Salesforce reinvents itself, bets on AI agents

Salesforce is making a radical shift to autonomous AI agents. CEO Marc Benioff announced the new “Agentforce” platform, which will be presented in more detail at the Dreamforce conference. It will allow users to create AI-powered agents that can automate complex customer service tasks. Benioff sees this as the future of customer relationship management and …

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Multimodal Arena sees GPT-4o in the lead

The new “Multimodal Arena” from LMSYS compares the performance of different AI models on image-related tasks and shows that OpenAI’s GPT-4o leads the pack, closely followed by Claude 3.5 Sonnet and Gemini 1.5 Pro. Surprisingly, open source models such as LLaVA-v1.6-34B achieve results comparable to some proprietary models. The catch? Despite progress, Princeton’s CharXiv benchmark …

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