generative AI

OpenAI’s Roller-Coaster Week of Funding Windfalls, Product Pushes and Executive Departures
OpenAI’s Roller-Coaster Week of Funding Windfalls, Product Pushes and Executive Departures
October 04, 2024  |  artificial intelligence

In a whirlwind week that has left the tech world buzzing, artificial intelligence (AI) powerhouse OpenAI secured a staggering $6.6 billion in funding, unveiled new...

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Amazon and Walmart Dial Up Search to Boost Consumer Loyalty
Amazon and Walmart Dial Up Search to Boost Consumer Loyalty
October 04, 2024  |  eCommerce

Amazon and Walmart are improving their search capabilities with next-gen technologies such as generative artificial intelligence (AI) in an effort to increase consumers’ spending and...

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OpenAI Liquidity Reaches $10 Billion With New Credit Facility
OpenAI Liquidity Reaches $10 Billion With New Credit Facility
October 03, 2024  |  artificial intelligence

The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech...

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Microsoft to Invest $4.8 Billion in Italy for AI Infrastructure
Microsoft to Invest $4.8 Billion in Italy for AI Infrastructure
October 02, 2024  |  artificial intelligence

Microsoft announced Wednesday (Oct. 2) plans for a €4.3 billion ($4.8 billion) investment in Italy, its biggest investment in the country so far. The initiative...

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OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
October 02, 2024  |  artificial intelligence

OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The...

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OpenAI Opens New AI Voice Capability to Third-Party Developers
OpenAI Opens New AI Voice Capability to Third-Party Developers
October 01, 2024  |  artificial intelligence

OpenAI is expanding access to its real-time voice assistant technology, allowing businesses and developers to integrate the artificial intelligence (AI)-powered tool into their own applications,...

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Trending: California’s AI Bill Veto Sparks Debate on Safety and Regulation
Trending: California’s AI Bill Veto Sparks Debate on Safety and Regulation
October 01, 2024  |  artificial intelligence

Gov. Gavin Newsom’s recent veto of California’s artificial intelligence (AI) safety bill has triggered a heated debate about the future of AI regulation, its impact...

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Open-Source Models May Bring Businesses Greater Access to AI Tools
Open-Source Models May Bring Businesses Greater Access to AI Tools
September 30, 2024  |  artificial intelligence

Open-source artificial intelligence (AI) models are rapidly closing the gap with proprietary systems, a shift that could dramatically reshape the business landscape by giving companies...

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OpenAI Reportedly Projects $5 Billion Loss This Year
OpenAI Reportedly Projects $5 Billion Loss This Year
September 29, 2024  |  artificial intelligence

OpenAI reportedly earned $300 million in revenue in August, up 1,700% since the start of 2023. That’s according to a report Friday (Sept. 27) by...

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