OpenAI restructures as a public-benefit corporation valued at $500 billion Microsoft’s massive $13.8 billion investment in OpenAI is finally yielding major returns as the artificial intelligence firm restructures itself into a public-benefit corporation (PBC) — a move that both expands its fundraising potential and reshapes control within the world’s most influential AI partnership. The new…
OpenAI, the company behind ChatGPT, is taking unprecedented steps to secure its position in the global artificial intelligence hardware race, ordering hundreds of billions of dollars’ worth of chips despite its revenues being a fraction of that amount. According to industry reports, OpenAI has committed to purchasing 26 gigawatts of high-end data processors from major…
OpenAI has unveiled a groundbreaking update to ChatGPT, marking a major step in transforming the AI tool into a fully interactive digital assistant capable of performing real-world tasks such as booking flights, creating playlists, and finding homes. The update, announced during OpenAI’s annual Developer Day in San Francisco, introduces the new Apps SDK (Software Development…
OpenAI’s Greg Brockman Returns After Sabbatical to Take on New Role Three months after stepping away, OpenAI co-founder Greg Brockman has returned to the AI giant with a fresh focus. Announcing his comeback on X, he wrote, “Longest vacation of my life complete. Back to building @OpenAI.” The company later confirmed Brockman’s return, stating he…