The lawsuit against Elon Musk may just be the beginning of OpenAI’s financial troubles as its planned conversion is expected to be very costly.
Elon Musk’s lawsuit could be the least of OpenAI’s problems—its planned conversion will cost a fortune A good rule of thumb in life is to never get on the bad side of a litigation-happy centibillionaire with a Rolodex of law firms at his beck and call. But Elon Musk’s second lawsuit against OpenAI, to whom […]
AI Enters a New Phase: The Fortune 50 AI Innovators Leading the Way
AI enters a new phase, and the Fortune 50 AI Innovators list identifies the companies leading it It’s been more than 700 days since OpenAI debuted its now buzzy chatbot ChatGPT, unofficially ushering in the AI era and a race by businesses to capitalize on it. First came a period of experimentation by corporate customers. […]
Robin AI, a legal tech startup, secures $25 million in Series B Plus funding, highlighting the continued growth of the AI industry.
Legal tech startup Robin AI raises $25 million “Series B Plus” round—and what that says about the AI boom Hello and welcome to Eye on AI. In this newsletter…why a legal AI startup shows there’s more to the AI boom than just foundation models; Zoox starts offering robotaxi rides in San Francisco; it’s worryingly easy […]
The Impact of Trump 2.0 on Big Tech, AI, Chips, and Beyond: A Look at Silicon Valley and Beyond
Trump 2.0 will have a massive impact on Big Tech, AI, chips and more—in Silicon Valley and beyond Donald Trump’s re-election as U.S. president will have massive repercussions for the technology sector. It is always risky to make predictions, and that holds particularly true when the main character involved is someone prone to surprising, rash, […]
Meta Ban Extension Data Sheet: OpenAI Conversations, Palantir’s Future Outlook, Military Llama Updates, and Netflix Interactive Features
Data Sheet: Meta ban extension, OpenAI talks, Palantir outlook, military Llama, Netflix interactives Good morning. On this day 15 years ago, Fortune named Apple cofounder Steve Jobs the CEO of the Decade. It remains the only instance we’ve bestowed such an honor in our 94 years of existence. The cover—a monochrome portrait of Jobs, closed […]
ChatGPT debuts a new search engine, sparking a potential rivalry with Google in the AI-driven internet realm.
ChatGPT releases a search engine, an opening salvo in a brewing war with Google for dominance of the AI-powered internet ChatGPT has launched a search engine, breaking into the market that for decades has been dominated by—and synonymous with—Google. OpenAI, the company behind ChatGPT, announced “ChatGPT Search” on Thursday. This version of the popular chatbot […]
Elon Musk faces tough odds against OpenAI as ChatGPT creator seeks dismissal of second lawsuit
Elon Musk’s chances against OpenAI look grim as ChatGPT creator moves to dismiss second lawsuit Elon Musk’s chances of winning his second lawsuit against OpenAI look grim, but in law nothing is entirely hopeless. The entrepreneur has claimed the nonprofit he helped found cannot legally convert to a corporation without violating the very purpose for […]
Big AI Dominates as Startups Bow Out of Race to Develop Massive Language Models
Big AI thins out the competition as startups quit the race to build large language models Hello and welcome to Eye on AI! In this edition…Big tech increasingly squeezes startups out of the generative AI market; an AI-discovered cancer drug begins clinical trials; another OpenAI cofounder joins Anthropic; and spend on LLMs booms (though still only […]
Governor Newsom Vetoes Controversial AI Safety Bill in California
Controversial California AI safety bill vetoed by Gov. Newsom California legislation aiming to limit the most existential threats of artificial intelligence was vetoed by California Gov. Gavin Newsom today, following fierce debate within the tech community about whether its requirements would save human lives or crush AI advancement. The bill would have set a de […]
Sam Altman refutes claims of receiving equity in for-profit OpenAI
Sam Altman denies plan to give him equity in for-profit OpenAI OpenAI may be changing to a for-profit company, but according to CEO Sam Altman, that doesn’t mean he’s about to strike it rich. Altman told OpenAI employees in an all-hands meeting Thursday that there are no plans to give him a “giant equity stake” […]