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The Latest Breaking News from Bret Taylor

Why there's an AI bubble and why you shouldn't ignore it

Companies are trying to take advantage of the boom, without being left with the bag.

Axios

Exclusive: Sierra co-founder sees an AI bubble — but there will be winners

Despite that, "it would be a mistake to dismiss it as snake oil."

Axios

Former Salesforce Co-CEO Bret Taylor's Startup Sierra Hits $100M ARR, Powers 95% Of Black Friday Shoppers

Former Salesforce (NYSE:CRM) co-CEO Bret Taylor’s artificial intelligence startup Sierra announced on Nov. 21 that it crossed $100 million in annual recurring revenue within seven quarters of its early 2024 launch.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

OpenAI's Restructuring Sets up What Could Be the Biggest IPO Ever

OpenAI, maker of ChatGPT, has completed its corporate restructuring, positioning the company for what many expect to be the biggest IPO in history.

MarketBeat

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company

The restructuring ends years of capital constraints for OpenAI, and grants Microsoft long-term technology access and new AGI rights under the updated deal.

Fortune

OpenAI completes conversion to for-profit business after lengthy legal saga

Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technology

The Guardian - US

OpenAI says it has new for-profit business structure, adjusts partnership with Microsoft

OpenAI said it has reorganized its ownership structure and converted its business into a public benefit corporation

The Independent UK

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OpenAI's Sam Altman Admits New AI Tools Too Costly For Free Users, Says Goal Is To Lower Prices Over Time: 'Want To Learn What's Possible…'

On Sunday, OpenAI CEO Sam Altman said that some upcoming AI features will be restricted to paying users due to high compute costs, though he pledged the company aims to make its technology more affordable over time.

Benzinga

Coinbase's Base Blockchain Now 'Exploring' Token As US Crypto Regulatory Environment Turns Friendly

Society has repeatedly underestimated artificial intelligence capabilities to such an extreme degree that traditional benchmarks have become meaningless, OpenAI Chair and AI startup Sierra CEO Bret Taylor warned.

Benzinga

OpenAI Chairman Compares AI To Dot-Com Bubble: 'Some Companies Will Fail And Some Will Succeed'

OpenAI Chairman Bret Taylor believes the AI sector may be in a bubble similar to the dot-com era, but that's not deterring him from OpenAI or his other AI startup.

Benzinga

OpenAI board chair doubles down on CEO Sam Altman's belief we’re in an AI bubble: 'A lot of people will lose a lot of money'

Sierra CEO Bret Taylor also said like the dotcom bubble, AI will “transform the economy” and create massive economic value.

Fortune

OpenAI’s deal with Microsoft could pave the way for a potential IPO

OpenAI has reached a preliminary deal with Microsoft that paves the way to convert its for-profit arm into a public benefit corporation (PBC).

Fortune

OpenAI’s chairman says ChatGPT is ‘obviating’ his own job—and says AI is like an ‘Iron Man suit’ for workers

Bret Taylor says computer programmers like himself may face an existential crisis.

Fortune

OpenAI Chairman Bret Taylor Believes This Degree Is Still Crucial In The AI Era: 'It's Extremely Valuable'

OpenAI Chairman Bret Taylor recently voiced his support for computer science degrees, emphasizing their significance in fostering “systems thinking,” a crucial skill even in the era of AI coding.

Benzinga

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news in one place.

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Benzinga

Meta's New Chief Scientist, Tesla's Investment In xAI, Global AI Body And More: This Week In AI

The week was abuzz with major developments in the tech world, particularly in the field of artificial intelligence (AI). From Meta Platforms Inc. (NASDAQ:META) appointing a new chief scientist to China’s push for a global AI body, and from OpenAI’s cautionary advice to AI startups to Tesla’s shareholder proposal on AI investment,…

Benzinga

Consumer Tech News (July 21–July 25): Big Tech Earnings, Pony AI Robotaxi, Tesla Discounts And More

Wall Street ended the week on a high, with tech-driven indices hitting fresh records as strong corporate earnings, robust economic data, and breakthrough trade deals lifted investor sentiment.

Benzinga

OpenAI Chairman Says Only Tech Giants Can Afford New AI Models—Startups Should Focus On Applications

Amid growing concerns about the financial burden of developing new AI models, Bret Taylor, chairman of OpenAI, has issued a cautionary note to AI entrepreneurs.

Benzinga

'Success Is Not Guaranteed' — Biographer Keach Hagey Says Sam Altman's Future At OpenAI Hangs On A Deal-Maker's Luck And Instability

"Success is not guaranteed," Wall Street Journal reporter Keach Hagey told TechCrunch in an interview last month. Her recently released biography, "The Optimist," tracks Sam Altman from St. Louis coder to OpenAI CEO.

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Fortune

OpenAI chairman reveals the rocket ship mantra from Google’s ex-CEO Eric Schmidt that has inspired his career

The tech executive’s held top roles at OpenAI, Salesforce, and Twitter. Learning to embrace opportunity among tough situations—like dealing with Elon Musk—have helped him find success.

The Independent UK

OpenAI reverses course and says its nonprofit will continue to control its business

OpenAI is reversing course and said Monday its nonprofit will continue to control the business that makes ChatGPT and other artificial intelligence products

International Business Times

OpenAI Rejects Elon Musk's $97.4 Billion Takeover Bid

OpenAI's lawyer, William Savitt, emphasized that the proposed takeover bid "is not in the best interests of OAI's mission.

Fortune

Bret Taylor keeps having to deal with Elon Musk’s takeover attempts

The mild-mannered entrepreneur finds himself at the center of an Elon Musk takeover drama for the second time.

The Independent UK

Changing OpenAI's nonprofit structure would raise questions about its future

The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion

Fortune

Why Sam Altman owning or not owning equity in OpenAI is such a dramafest

Altman has denied rumors that he will get a 7% equity stake in the company that could be worth nearly $10 billion.

Fortune

Sam Altman denies plan to give him equity in for-profit OpenAI

Altman said there are “no current plans” to give him equity in the company.

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