Openai Investment Cut

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.

Business - CNBC - 7 hours ago

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

Saudi Arabia’s wealth fund pivots from international investments

Public Investment Fund will focus more of its financial firepower on domestic projects

Business - Financial Times - Yesterday

Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress

The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.

Business - CNBC - October 23

OpenAI hires first chief economist

OpenAI hired its first-ever chief economist to examine the economic impacts of artificial intelligence (AI), the ChatGPT maker announced Tuesday. Aaron “Ronnie” Chatterji, a professor of business ...

Politics - The Hill - October 22

OpenAI outlines national security approach

OpenAI doubled down on the importance of the U.S. maintaining leadership on artificial intelligence (AI) development in a new outline of the company's approach to national security. The ChatGPT ...

Politics - The Hill - 5 days ago

Investing in Argentina

The election of Javier Milei has excited investors and raised spirits in the business community. But can Milei deliver on his promises and overcome congressional resistance to deliver the big ...

World - Financial Times - October 23

OpenAI’s Journey to $157 Billion Chronicled in Documents

OpenAI originally applied to be recognized as a tax-exempt charitable organization by the IRS in 2016.

Business - Inc. - October 13

OpenAI’s Swarm AI agent framework: Routines and handoffs

At the heart of OpenAI's Swarm are the concepts of "routines" and "handoffs," which are mechanisms designed to help agents carry out collaborative tasks in an organized manner.

Tech - VentureBeat - October 14

What’s at Stake in a Strained Microsoft-OpenAI Partnership

The alliance between the technology giant and the company behind OpenAI has been hugely consequential — but a disruption could shake up the A.I. race.

Business - The New York Times - October 18

Microsoft and OpenAI’s Close Partnership Shows Signs of Fraying

The “best bromance in tech” has had a reality check as OpenAI has tried to change its deal with Microsoft and the software maker has tried to hedge its bet on the start-up.

Tech - The New York Times - October 21

OpenAI Hires Aaron Chatterji to Be Its Chief Economist

Aaron Chatterji was chief economist at the Commerce Department under President Biden and served on President Obama’s Council of Economic Advisers.

Tech - The New York Times - October 22

OpenAI’s Transcription Tool Hallucinates. Hospitals Are Using It Anyway

In health care settings, it’s important to be precise. That’s why the widespread use of OpenAI’s Whisper transcription tool among medical workers has experts alarmed.

Tech - Wired - 21 hours ago

Investment apps: are they up to scratch?

Beware the time-consuming lure of gut-reaction trading from your handset

World - Financial Times - 6 days ago

It Could Cost OpenAI a Lot to Drop its Nonprofit Structure

Leading AI firm OpenAI is valued at $157 Billion, but turning it into a for-profit company could mean a very expensive, complicated set of legal proceedings.

Business - Inc. - October 14

OpenAI unveils experimental ‘Swarm’ framework, igniting debate on AI-driven automation

OpenAI has unveiled “Swarm,” an experimental framework designed to orchestrate networks of AI agents. This unexpected release has ignited intense discussions among industry leaders and AI ethicists ...

Tech - VentureBeat - October 14

OpenAI just launched ChatGPT for Windows—and it’s coming for your office software

OpenAI launches ChatGPT desktop app for Windows, expanding its AI assistant's reach and signaling a strategic push into enterprise productivity tools.

Tech - VentureBeat - October 17

OpenAI Chatbot Passes Bias Tests, But Users Should Still be Watchful

The data that shapes how an AI responds can contain unseen biases, so the AI market leader has been checking ChatGPT, and says it may be more neutral that humans.

Business - Inc. - October 18

OpenAI Veteran Mira Murati Starts Fundraising for Her Startup

Murati left her position as chief technology officer of the world’s best-known AI company at the end of September. She’s now seeking $100 million in funding for her own venture.

Business - Inc. - October 21

Former OpenAI Researcher Says Company Broke Copyright Law

Suchir Balaji helped gather and organize the enormous amounts of internet data used to train the startup’s ChatGPT chatbot.

Tech - The New York Times - October 23

OpenAI researchers develop new model that speeds up media generation by 50X

A pair of researchers at OpenAI has published a paper describing a new type of model — specifically, a new type of continuous-time consistency model (sCM) — that increases the speed at which ...

Tech - VentureBeat - October 23

OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns

OpenAI is disbanding its "AGI Readiness" safety team, which advised the company on its capacity to handle the outcomes of increasingly powerful AI.

Business - CNBC - 6 days ago

OpenAI Will Send Its Next AI to Businesses Before a Public Release

A leader in AI technology may soon make a giant leap forward, but this time, select companies will get their hands on its next-generation model before you do.

Business - Inc. - 5 days ago

This OpenAI Transcription Glitch Means Your Doctor’s Orders May be Wrong

Doctors have a reputation for having illegible handwriting, with implied risks for medical misunderstandings later. In the AI era, things may be even worse.

Business - Inc. - 2 days ago

How OpenAI CEO Sam Altman's lobbying power tamed Washington

OpenAI co-founder and CEO Sam Altman has emerged as one of the most powerful people shaping AI policy.

Business - CNBC - 21 hours ago

OpenAI Just Made an Important Service 80 Percent Cheaper

Voice-to-voice chatbots, now at a much more reasonable rate.

Business - Inc. - 14 hours ago

Can Labour Climb The Investment Summit?

And, the inquiry into the Salisbury poisonings begins.

Iberdrola Profit Lifted by Record Investments

Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.

Business - The Wall Street Journal - October 23

Should beginners invest in gold this November?

There are lots of good reasons for new investors to consider buying gold this November. Here's what to know.

Public Investment Fund’s desert mirage

Plus, why Topgolf is parting with its owner and HSBC‘s boss says it isn’t splitting up

World - Financial Times - Yesterday

Titans cutting Jamal Adams

Jamal Adams' brief tenure in Tennessee is coming to an end.

Sports - Yahoo Sports - October 17

Nvidia just dropped a new AI model that crushes OpenAI’s GPT-4—no big launch, just big results

Nvidia quietly launched a groundbreaking AI model that surpasses OpenAI’s GPT-4 and Anthropic’s Claude 3.5, signaling a major shift in the competitive landscape of artificial intelligence.

Tech - VentureBeat - October 17

Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced AI agents that can use a computer to complete complex tasks.

Business - CNBC - October 22

AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.

Business - CNBC - October 23

OpenAI scientist Noam Brown stuns TED AI Conference: ’20 seconds of thinking worth 100,000x more data’

At the TED AI conference, OpenAI’s Noam Brown unveiled the o1 model, showcasing how "System Two Thinking" could transform industries by enabling AI to deliver smarter, more deliberate decision-making.

Tech - VentureBeat - October 23

OpenAI CEO responds to report of GPT-5 Orion coming later this year: ‘Fake news out of control’

It's an interesting quasi-denial given how precise The Verge report is, noting specific details about Orion's supposed release plans.

Tech - VentureBeat - 5 days ago

Meet OpenAI’s first chief economist—3 things you may not know about him

Dr. Aaron "Ronnie" Chatterji has been named OpenAI's first chief economist. He will lead the company's research on AI's potential economic impact.

Business - CNBC - 2 days ago

Microsoft's GitHub expands beyond OpenAI, lets developers use AI models from Anthropic, Google

GitHub is giving software developers more choices for its popular coding assistant, meaning they won't be limited to models from OpenAI.

Business - CNBC - Yesterday

OpenAI Chair’s AI Startup Sierra Gets $4.5 Billion Valuation in Latest Funding Round

Former Salesforce co-CEO Bret Taylor’s company keeps pulling in money from top VC firms as expectations mount.

Business - Inc. - Yesterday

UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”

World - ABC News - 20 hours ago

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