Honor Magic V Flip 2 colour options, design and launch date officially teased
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Hans India
30 minutes ago
- Hans India
Sam Altman Acknowledges AI Industry Is in a Bubble, Compares It to the Dot-Com Era
OpenAI CEO Sam Altman has openly acknowledged what many in the financial and tech sectors have been debating: artificial intelligence is in a bubble. Speaking to The Verge, Altman responded to a question on whether investors are currently 'overexcited about AI,' saying, 'My opinion is yes.' He drew parallels between today's AI investment surge and the dot-com bubble of the 1990s, when internet startup valuations skyrocketed before collapsing in 2000. 'When bubbles happen, smart people get overexcited about a kernel of truth,' Altman noted. 'If you look at most of the bubbles in history, like the tech bubble, there was a real thing. Tech was really important. The internet was a really big deal. People got overexcited.' Altman expressed concern over sky-high valuations for AI startups that, in some cases, have 'three people and an idea.' Calling such funding 'insane' and 'not rational behaviour,' he warned, 'Someone's gonna get burned there, I think.' In recent months, AI companies like Safe Superintelligence, led by OpenAI co-founder Ilya Sutskever, and Thinking Machines, founded by ex-OpenAI CTO Mira Murati, have raised billions of dollars. 'Someone is going to lose a phenomenal amount of money. We don't know who, and a lot of people are going to make a phenomenal amount of money,' Altman said. Still, he believes the net result will be positive: 'My personal belief, although I may turn out to be wrong, is that, on the whole, this would be a huge net win for the economy.' Altman also hinted at massive future investments for OpenAI, saying, 'You should expect OpenAI to spend trillions of dollars on data center construction in the not very distant future. You should expect a bunch of economists to wring their hands.' Despite warning signs, Altman's remarks suggest confidence that OpenAI will remain a dominant player, even if the AI bubble eventually bursts.
Economic Times
33 minutes ago
- Economic Times
Former Twitter CEO Parag Agarwal launches new AI startup
The company, which offers a cloud-based deep research API that lets AI applications conduct real-time research on the internet, accessing and synthesising public web data, and ultimately providing detailed citations, emerged from stealth mode on Wednesday with millions of queries from early adopters. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Former Twitter CEO Parag Agrawal is back in the tech game with Parallel Web Systems , his artificial intelligence (AI) startup designed to change how AI agents interact with the company emerged from stealth mode on Wednesday with a cloud-based research platform with millions of queries from early adopters. It has raised $30 million from prominent investors, including Khosla Ventures Index Ventures , and First Round Capital , according to the company's posts on social builds infrastructure and tools specifically designed for AI agents to interact with the web intelligently. It offers a cloud-based deep research API that lets AI applications conduct real-time research on the internet, accessing and synthesising public web data, and ultimately providing detailed flagship offerings consist of eight distinct AI research engines. Each is designed for different computational needs. This allows AI agents to do complex tasks such as cross-disciplinary synthesis and long-form research. Parallel claims its technology outperforms leading AI models like OpenAI's GPT-5 in benchmarks for web research."Some of the fastest-growing AI companies use Parallel to bring web intelligence directly into their platform and agents. Public enterprises automate traditionally human workflows, exceeding human-level accuracy with Parallel. Coding agents rely on our search to find docs and debug issues," the company said in a blog API agents power coding assistants, knowledge workers, and research automation across sectors. Enterprises also use these agents to automate complex takes on browser-based infrastructure providers as well as large-scale LLM-driven search agents like OpenAI and public launch comes as Agrawal is fighting an ongoing legal battle with Elon Musk over $50 million in unpaid severance from his dismissal as Twitter's CEO in October 2022. This dispute came after Musk's $44 billion acquisition of the social media has alleged that Musk refused to pay out contractual obligations on purpose to Agrawal and other former Twitter senior staff after he took over the company. Musk's counterarguments in legal filings claim Agrawal was fired 'for cause'. No deal has been reached between the parties yet.
Time of India
an hour ago
- Time of India
$2 billion and counting: Here's how much ChatGPT's mobile app has generated for OpenAI to date
OpenAI 's ChatGPT mobile app has generated $2 billion in global consumer spending since its launch in May 2023, according to a new report from app intelligence provider Appfigures (as seen by TechCrunch). This figure is approximately 30 times the combined lifetime revenue of competing AI mobile apps like Claude , Copilot , and Grok. The analysis shows that the app has earned $1.35 billion so far in 2025, marking a 673% increase from the same period last year. On average, the app is currently generating nearly $193 million per month. That figure is roughly 53 times greater than ChatGPT's closest competitor, Grok , which has generated about $25.6 million so far this year. Grok's estimated average monthly consumer spending stands at $3.6 million, or around 1.9% of ChatGPT's. How ChatGPT app was able to overtake other rival chatbot apps The data indicates that while ChatGPT continues to dominate consumer chatbot usage on mobile devices, these figures don't capture the companies' full revenue streams, which also include web subscriptions and API usage. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Project Management 2.0 with IITD IITD PM Apply Now Undo For context, Grok launched later than ChatGPT in November 2023 and initially lacked stand-alone iPhone or Android apps, operating only within the X platform. Its iOS app rolled out in early January 2025, followed by a Google Play release in March. Spending per download further highlights ChatGPT's advantage: $2.91 globally, compared with Claude at $2.55, Grok at $0.75, and Copilot at $0.28. In the US, ChatGPT leads with $10 per download, contributing 38% of its lifetime revenue, while Germany ranks second with 5.3%. ChatGPT also leads in installs, with an estimated 690 million lifetime downloads versus Grok's 39.5 million. Average monthly downloads now reach about 45 million globally, up 180% from early 2024 levels. In 2025 alone, the app has seen 318 million installs, which is 2.8 times more than during the same period last year. By country, India leads with 13.7% of lifetime downloads, followed by the US with 10.3%. Lava Blaze AMOLED 2: Budget Smartphone with Mid-Range Vibes AI Masterclass for Students. Upskill Young Ones Today!– Join Now
