It's so insane that just adding the word AI to your company changes the M in million to a B

Software Engineer

Sorted scenes. They need to make money hand over fist

Product Manager

OpenAI is likely to change its complex corporate structure soon.  Reports indicate talks of raising $6.5 billion at a $150 billion premoney valuation.  The deal depends on removing a profit cap for...

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- OpenAI is likely to change its complex corporate structure soon.
- Reports indicate talks of raising $6.5 billion at a $150 billion pre-money valuation.
- The deal depends on removing a profit cap for investors.
- CEO Sam Altman hinted at a shift towards a traditional for-profit model next year.
- OpenAI's nonprofit arm will continue to exist, focusing on AI that benefits everyone. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/14/openai-could-shake-up-its-nonprofit-structure-next-year/)

OpenAI's Nonprofit Structure Faces Potential Overhaul

Journalist

OpenAI's Nonprofit Structure Faces Potential Overhaul- Grapevine

- OpenAI plans to transition from a nonprofit to a for-profit company, sparking debate.
- Chief Technology Officer Mira Murati resigns, following other top executives' departures.
- The restructuring aims to attract investors, with a funding round of up to $6.5 billion.
- CEO Sam Altman and the nonprofit arm will hold stakes in the new for-profit entity.
- Murati cites a desire for personal exploration as her reason for leaving. 

 Source: [WSJ](https://www.wsj.com/tech/ai/openai-chief-technology-officer-resigns-7a8b4639)

OpenAI's Controversial Shift to For-Profit Amid Leadership Exodus

- OpenAI is aiming to raise at least $5bn at a $150bn valuation from investors like Apple, Nvidia, Microsoft, and Thrive Capital.
- The San Francisco-based AI start-up is in talks with investors to fund its ambitious AI model development plans.
- Thrive Capital, led by Josh Kushner, is expected to invest $1bn in this round.
- The total fundraising could exceed $6.5bn, with Microsoft already having committed $13bn to OpenAI.
- Despite rapid growth and $2bn in annual revenue, OpenAI remains lossmaking due to high development costs and increasing competition. 

 Source: [Financial Times](https://www.ft.com/content/dde0855e-4543-4d3a-8ff5-e6fb3c3ff305)

OpenAI aims to raise at least $5bn at $150bn valuation

- Microsoft and Apple have decided not to take board roles at OpenAI, highlighting growing regulatory concerns over Big Tech's influence on AI.
- Microsoft, which invested $13 billion in OpenAI, will withdraw from the board, citing confidence in the company's direction and deeming their observer role unnecessary.
- European and US regulators have expressed concerns about Microsoft's influence over OpenAI, prompting investigations into potential dominance and antitrust issues.
- The UK is also scrutinizing Amazon's $4 billion collaboration with AI company Anthropic, while the US probes Nvidia's dominance in AI chips.
- OpenAI will continue to engage with stakeholders through regular meetings to ensure collaboration on safety and security, following its transition from a nonprofit to a for-profit entity.

Microsoft and Apple Withdraw from OpenAI Board Amid Regulatory Scrutiny

- Investors are making an unprecedented bet on OpenAI, valuing the company at $150bn.
- Thrive Capital has already invested at least $1bn, with Apple, Nvidia, and Microsoft in talks to join.
- Despite the scale, some top investors like Andreessen Horowitz and Sequoia Capital are sitting out.
- OpenAI's revenues have surged to $3.6bn annually, but it still burns through over $5bn a year.
- The company faces fierce competition from Google and Meta, and must manage its transition from a start-up to a corporate giant. 

 Source: [Financial Times](https://www.ft.com/content/a8f9bd05-0999-415d-af86-c73e79ad5733)

Investors Bet Big on OpenAI's $6bn Funding Round

Emmett Shear is the new CEO of OpenAI

Digital Accessibility Technologist

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OpenAI raises fund at 90 billion dollar valuation. Becomes 3rd most valued private startup after Byte dance and SpaceX

- OpenAI reportedly discussing new funding round led by Thrive Capital
- Potential valuation exceeds $100 billion, up from previous $86 billion
- Thrive Capital expected to contribute $1 billion, Microsoft likely to participate
- OpenAI's annualized revenue surpassed $3.4 billion early this year
- Company projected to lose nearly $5 billion by year-end, having spent $8.5 billion on AI development 

 Source: [Techcrunch](https://techcrunch.com/2024/08/28/openai-reportedly-in-talks-to-close-new-funding-round-at-100b-valuation/)

OpenAI in Talks for Massive Funding Round at $100 Billion Valuation

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xAI rival of open ai chatgpt and Google bard...Have hired ex-engineers of Google deepmind, open ai, Microsoft..What's your views?

Musk launched xAI.

Project Coordinator

OpenAI board is reportedly in discussions with Sam Altman to bring him back as CEO.

- OpenAI's chief research officer Bob McGrew and research VP Barret Zoph have left the company, following CTO Mira Murati's exit.
- CEO Sam Altman announced the resignations and detailed leadership transition plans, promoting Mark Chen to SVP of research.
- Altman assured that the leadership changes were amicable and part of the company's natural evolution.
- The departures come amid reports of OpenAI transitioning to a for-profit entity, with Altman set to receive a 7% equity stake.
- OpenAI's all-hands meeting on Thursday is expected to reveal more details about the company's future direction. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/25/openais-chief-research-officer-has-left/)

OpenAI's chief research officer leaves following CTO Mira Murati's exit

Mira appointed as a new interim CEO,

Any idea what might has happened?

OpenAI Sam Altman Fired

Founder

- Safe Superintelligence (SSI), co-founded by Ilya Sutskever, has secured $1 billion in funding.
- The funds will be used to acquire computing power and hire top talent.
- SSI is valued at $5 billion and has 10 employees split between Palo Alto and Tel Aviv.
- Investors include Andreessen Horowitz, Sequoia Capital, and DST Global.
- Sutskever aims to develop safe AI systems that surpass human capabilities. 

 Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/openai-co-founder-sutskevers-new-safety-focused-ai-startup-ssi-raises-1-billion-2024-09-04/)

OpenAI Co-founder Sutskever's New AI Startup SSI Raises $1 Billion

- OpenAI's new AI model, Strawberry, is designed for reasoning but users are banned from asking about its thought process.
- Users report receiving emails warning them against trying to circumvent safeguards, risking loss of access to GPT-4o with Reasoning.
- The irony is that Strawberry's hype was built around its chain-of-thought reasoning, now restricted by OpenAI.
- OpenAI claims this measure is to maintain safety and competitive advantage, but it limits transparency for developers.
- Critics argue this approach hinders interpretability and transparency, crucial for developing and aligning AI models. 

 Source: [Futurism](https://futurism.com/the-byte/openai-ban-strawberry-reasoning)

OpenAI Threatens to Ban Users for Probing AI Reasoning

- OpenAI is in talks to raise a new funding round at a valuation exceeding $100 billion, according to The Wall Street Journal.
- Investors have already valued OpenAI at over $100 billion in secondary market deals, with companies like Rainmaker Securities and Caplight tracking these transactions.
- Thrive Capital, led by Josh Kushner, is reportedly leading the primary deal with a $1 billion investment, alongside potential investors Microsoft, Nvidia, and Apple.
- OpenAI's valuation has surged from $86 billion in September to bids valuing it up to $143 billion, driven by its rapid revenue growth, now tracking to hit $2 billion in ARR by year-end.
- The high valuation and investor interest in OpenAI are expected to boost secondary market activity and valuations for other AI companies like Anthropic, Cohere, and Hugging Face. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/30/investors-are-already-valuing-openai-at-over-100b-on-the-secondaries-market/)

Investors Value OpenAI at Over $100B on Secondaries Market

OpenAI is now a b2b saas company

Analyst

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OpenAI CEO, Sam Altman testified against Congress(USA wala) and the end result seems to be there will be global regulations on AI. There might be a transparency law that dictates what Data is used for training.

Now I have a few questions:

1. Is it a pro game move by OpenAI to slow down AI Training of smaller companies that are just starting out?
2. Since big tech has back door access to law makers lobby(as we saw in case if right to repair), will they bend the regulations per there liking?
3. Given countries like US and China have supremacy over AI Research, will it curtain AI Development in countries like India?
4. Will Google Bard again cry in trashcan?

AI Regulations are Coming, but but but

- Apple and Nvidia reportedly discussing investment in OpenAI's new funding round
- Thrive Capital expected to lead with $1 billion investment
- Microsoft, OpenAI's largest investor, likely to participate
- OpenAI's ChatGPT integration boosting Apple's AI strategy
- AI arms race driving high valuations and investments across industries 

 Source: [The Hindu](https://www.thehindu.com/sci-tech/technology/apple-nvidia-in-talks-to-join-openai-funding-round-reports-say/article68584312.ece/amp/)

Apple and Nvidia in Talks to Invest in OpenAI, Valuation Could Exceed $100 Billion

I know everyone’s talking about Nadella’s impressive grab of Altman and his guys and the inevitable fall of OpenAI. But has anyone given thought to the possible for all AGI for public good?  How autonomous is this R&D group really now that Altman is just another big tech employee. 

I worry for the future of GPTs and its open source nature. Gork is yet to prove itself to GPT-4. But Bing has never had a better chance to surpass Google than this. Interesting to see how Google react.(js) (lol)

Different take on Sam Altman

OpenAI is up to something

Software Developer

Meta intends to offer a commercial license for their next open-source LLM, enabling companies to freely utilize and profit from their AI model.

Rn their LLM is currently limited to research purposes only. Opening it up for commercial use would drive its adoption even further.

Engineers are experimenting with LLaMA as a side project. Unfortunately, they are unable to integrate these models into their commercial software. Meta's commercial license would be a crucial breakthrough for rapid adoption.

OpenAI's Nonprofit Structure Faces Potential Overhaul

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