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Tag: OpenAI

OpenAI To Raise $40 Billion In Softbank-Led Round To Boost AI Efforts

OpenAI To Raise $40 Billion In Softbank-Led Round To Boost AI Efforts

International, Science & Technology
OpenAI is raising up to $40 billion in a new funding round, led by SoftBank Group, to advance AI research, expand its infrastructure, and enhance its tools. The funding will consist of $10 billion from SoftBank in April and an additional $30 billion in December, contingent on OpenAI transitioning to a for-profit model by the end of the year. SoftBank plans to share $10 billion of its investment with other unnamed co-investors. Microsoft, Coatue Management, Altimeter Capital, and Thrive Capital will also contribute to the funding. This new round, which values OpenAI at $300 billion, comes after a $6.6 billion round in October that valued the company at $157 billion. The funding will help OpenAI meet its ambitious goals, including its Stargate project, a $500-billion initiativ...
ChatGPT can now access up to date information

ChatGPT can now access up to date information

Science & Technology
OpenAI, the Microsoft-backed creator of ChatGPT, has confirmed the chatbot can now browse the internet to provide users with current information. The artificial intelligence-powered system was previously trained only using data up to September 2021. The move means some premium users will be able to ask the chatbot questions about current affairs, and access news. OpenAI said the feature would open up to all users soon. Earlier in the week, OpenAI also revealed the chatbot will soon be able to have voice conversations with users. ChatGPT and other similar systems use huge amounts of data to create convincing human-like responses to user queries. They are expected to dramatically change the way people search for information online. Can an AI chatbot write a joke about th...
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