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The Latest Breaking News from Sam Altman

What Next For OpenAI After $157 Billion Bonanza?

ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round.

International Business Times

OpenAI ‘pleads’ for exclusive funding, raises $6.6 billion, leaving Elon Musk’s xAI and other AI firms to fend for themselves

OpenAI received $6.6 billion in investment recently and is now valued at $157 billion. Interestingly, OpenAI does not want it its investors to fund competition and has reportedly shared a list of companies to stay away from.

Windows Central

OpenAI Secures $6.6 Billlion In New Funding At $157 Billion Valuation

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

Latin Times

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OpenAI's $157 billion valuation and the port strike show the contrasting attitudes around AI

One group is doubling down on optimism over AI; the other is fighting it out of fear.

Fortune

NVIDIA just debuted its new open-source advanced AI model with state-of-the-art capabilities to take on OpenAI's 'magical' GPT-4o

NVIDIA recently unveiled powerful open-source multimodal large language models (LLMs) dubbed NVLM 1.0 with the flagship model, NVLM-D-72B featuring up to 72 billion parameters.

Windows Central

OpenAI's "collapse" fears reportedly date back to Chief Scientist Ilya Sutskever's abrupt departure — beyond recent bankruptcy reports with projections of $5 billion in losses within the next 12 months

The departure of OpenAI Chief Scientist Ilya Sutskever raised concern among top officials in the firm behind the curtains. They reportedly tried to get the Chief Scientist back on the team by extending him a new and possibly lucrative deal, but their efforts were turned down.

Windows Central

OpenAI raises $6.6 billion from Microsoft and NVIDIA, pushing its market cap to $157 billion — with "the world's dominant AI company worth trillions of dollars" and $11.6 billion in sales vision on the horizon

OpenAI has officially closed its funding round with a $157 billion market capitalization after raising $6.6 billion from many big tech corporations, including Microsoft, NVIDIA, SoftBank, and more.

Windows Central

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OpenAI confirms AI agents are coming next year — what it means for you

OpenAI confirms we will start to see the first true AI agent systems next year, able to act on its own to answer human queries.

Tom’s Guide

Mira Murati’s surprise exit from OpenAI caps a chaotic year of staff infighting, rushed product launches, and executive upheaval

Mira Murati’s surprise exit from OpenAI caps a chaotic year of staff infighting, rushed product launches, and executive upheaval.

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

OpenAI sees $5 billion loss in 2024 and soaring sales as big ChatGPT fee hikes planned, report says

According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.

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.

Fortune

OpenAI CEO Sam Altman branded "podcasting bro" for his reportedly absurd plan to "take $7 trillion and many years to build 36 semiconductor plants and additional data centers" to fulfill his ambitious AI vision

OpenAI CEO Sam Altman has reportedly been curating an "audacious plan" to address the firm's computing power needs, which require "$7 trillion and many years to build 36 semiconductor plants and additional data centers."

Windows Central

'Not a normal company': OpenAI loses another executive as it seeks huge valuation

OpenAI, the world's most valuable AI startup, has just lost another executive. Chief Technology Officer Mira Murati is one of more than 20 key staff who have departed this year, leaving CEO Sam Altman with just one of his fellow co-founders.

France 24

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PC Gamer

OpenAI reportedly plans to ditch its nonprofit mission with CEO Sam Altman said to be in line to make billions

Show ChatGPT the money.

Fortune

Who’s got enough power for OpenAI’s 5-gigawatt data center plans?

Five gigawatts is the kind of power a major city needs.

The Guardian - UK

OpenAI shift to for-profit company may lead it to cut corners, says whistleblower

Ex-employee William Saunders says he is also concerned by reports Sam Altman could hold stake in restructured firm

Fortune

Sam Altman denies setting himself up for a massive $10 billion payday as more OpenAI executives head for the exit

Meanwhile, OpenAI senior executives are headed for the door.

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Tom’s Hardware

TSMC execs allegedly dismissed Sam Altman as ‘podcasting bro’ — OpenAI CEO made absurd requests for 36 fabs for $7 trillion

OpenAI CEO Sam Altman took a whirlwind tour of the Far East last winter, meeting with high-powered execs from companies like TSMC, Samsung, and SK hynix. However, according to a report in the New York Times this week, senior TSMC execs dubbed Sam Altman a 'podcasting bro' after the meeting(s).

Fortune

Only one person is left from this iconic photo of the OpenAI leadership team

CEO Sam Altman said in a post that OpenAI is "not a normal company."

The Guardian - UK

Why is OpenAI planning to become a for-profit business and does it matter?

Company plans announced as it reckons with departure of senior executives and seeks huge investment

The Guardian - UK

OpenAI planning to become for-profit company, say reports

Reported move follows recent departure of senior figures from ChatGPT developer

The Independent UK

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders

Fortune

Mira Murati's departure leaves OpenAI with one fewer female exec

"For now, my primary focus is doing everything in my power to ensure a smooth transition, maintaining the momentum we’ve built," Murati said.

Fortune

Sam Altman says it’s relentless and all-consuming to run OpenAI teams after shock CTO departure

“I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a normal company,” Altman told staff in a letter he posted on social media.

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