OpenAI is reportedly expecting significant revenue growth, projecting to more than triple its earnings to $12.7 billion this year, despite increasing competition from companies like DeepSeek. The company anticipates revenue will exceed $29.4 billion by 2026, highlighting its AI subscription services' strong adoption and commercial success. According to Bloomberg, ChatGPT ...
Microsoft has reportedly decided not to join OpenAI's board amid escalating regulatory scrutiny of the Artificial Intelligence(AI) firm. According to Bloomberg, the tech giant communicated this decision in a recent letter to the OpenAI board. In the letter, Microsoft expressed confidence in the company's direction, noting the progress made by ...
Elon Musk’s artificial intelligence venture, xAI, has announced the completion of a $6 billion Series B funding round. This funding milestone elevates xAI’s valuation to $24 billion, just 11 months after its launch in July 2023. The investment round included participation from prominent investors such as Valor Equity Partners, Vy ...
Sam Altman and OpenAI are currently in legal hot waters in the European Union. On Monday, April 29, the European Center for Digital Rights—the NOYB—lodged a complaint against the AI company, alleging that the firm’s generative AI solution, ChatGPT, provides users with false information regarding individuals and the firm cannot ...
OpenAI is reportedly being investigated by the U.S. Securities and Exchange Commission (SEC) for potential investor misinformation during its recent leadership changes. Per a WSJ report published on February 29, 2023., the U.S. regulator subpoenaed the firm's present and former leaders and board members for internal records in December 2023. ...
OpenAI and Microsoft have announced that they are working together to protect users from state-sponsored cyberattacks. The two companies noted that they joined forces to create a more secure and resilient AI ecosystem in light of recent cyberattacks. Since the launch of ChatGPT, OpenAI's primary product offering, there has been ...
In anticipation of the upcoming 2024 elections in the United States, Artificial Intelligence giant OpenAI has pledged to prevent AI misuse while offering transparency and improving voter access to correct voting information. In a recent blog post, OpenAI noted that it will be more dedicated to election work, combining the ...
Following recent changes to its privacy policies, Google is now the target of a class-action lawsuit with serious allegations of privacy infringement and unauthorized use of copyrighted materials. The lawsuit was filed on July 11, 2023, by eight individuals claiming to represent millions of internet users and copyright holders. They ...
Prominent authors Richard Kadrey, Christopher Golden, and Sarah Silverman have filed a lawsuit against Meta and OpenAI on allegations of copyright infringement. The lawsuit centres around the unauthorized use of copyrighted content in the training datasets of both companies' artificial intelligence (AI) tools: LLaMa and ChatGPT. The authors claimed that ...
According to data estimates from Similarweb, ChatGPT experienced a decline in global traffic during May and June 2023. The web traffic analytics website reported a 9.7% decrease in both desktop and mobile web traffic for ChatGPT in June. In the same period, the number of unique visitors also dropped by ...
