Latest news with #ChatGPT.
Kuwait Times
26-05-2025
- Business
- Kuwait Times
OpenAI negotiates with Microsoft for new funding
TOULOUSE: Screens displaying the logo of DeepSeek, a Chinese artificial intelligence company that develops open-source large language models and the logo of OpenAI's artificial intelligence chatbot ChatGPT.-- AFP WASHINGTON: OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant's access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI's new for-profit business Microsoft will receive in exchange for the more than $13 billion it has invested in the company to date, the report said. It said Microsoft is offering to give up some of its equity stake in exchange for access to new technology developed beyond the 2030 cutoff. They are also revising the terms of a wider contract, first drafted when Microsoft initially invested $1 billion into OpenAI in 2019, the report said. OpenAI and Microsoft did not immediately respond to Reuters' requests for comment. OpenAI has told investors it will share a smaller fraction of revenue with its largest backer as it moves ahead with restructuring, The Information reported last week. In January, Microsoft changed some terms of a deal with OpenAI after entering a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new artificial intelligence data centers in the United States. –Reuters
Ammon
22-04-2025
- Business
- Ammon
Google could use AI to extend search monopoly, DOJ says as trial begins
Ammon News - Alphabet's Google needs strong measures imposed on it to prevent it from using its artificial intelligence products to extend its dominance in online search, a U.S. Department of Justice attorney said as a trial in the historic antitrust case began on outcome of the case could fundamentally reshape the internet by unseating Google as the go-to portal for information Justice Department is seeking an order that would require Google to sell its Chrome browser and take other measures to end what a judge found was its monopoly in online search. Prosecutors have compared the lawsuit to past cases that resulted in the break up of AT&T and Standard is the "time to tell Google and all other monopolists who are out there listening, and they are listening, that there are consequences when you break the antitrust laws," DOJ attorney David Dahlquist said during his opening DOJ and a broad coalition of state attorneys general are pressing for remedies they believe will restore competition even as search evolves to overlap with generative AI products such as ChatGPT."This court's remedy should be forward-looking and not ignore what is on the horizon," Dahlquist search monopoly helps improve its AI products, which are also a way to lead users to its search engine, he has agreed to pay Samsung ( opens new tab monthly to install Google's Gemini AI app on devices such as smartphones, a deal that can be extended into 2028, according to documents shown at trial. The financial terms were not disclosed, but Dahlquist characterized the monthly amount as an "enormous sum."U.S. District Judge Amit Mehta previously ruled that Google's exclusive agreements with device makers to be the default search engine helped maintain its Turley, OpenAI's product head for rival AI app ChatGPT, was expected to take the stand on lawyer, John Schmidtlein, said in his opening statement that the DOJ's proposals amount to "a wishlist for competitors looking to get the benefits of Google's extraordinary innovations."AI competitors "would like handouts as well even though they are competing just fine," he argues that its AI products are outside the scope of the case, which focused on search engines. Adopting the proposed remedies "would hold back American innovation at a critical juncture," Google executive Lee-Anne Mulholland said in a blog post on company has said it will appeal once a final judgment is entered. Reuters
Al Bawaba
16-02-2025
- Business
- Al Bawaba
Musk announces the release of Grok 3, the smartest AI on earth
Published February 16th, 2025 - 06:54 GMT ALBAWABA – Elon Musk, the American entrepreneur and US government contractor, best known for his leadership roles at Tesla, SpaceX, xAI, the Boring Company, and X, has announced the release of Grok 3, calling it 'the smartest AI on Earth'. Also Read Musk partners with UAE government to launch Dubai Loop project Grok 3 to be released on Monday According to Musk's post on the X platform, Grok 3, an AI chatbot released by his startup xAI, will compete with OpenAI's ChatGPT.'Grok 3 release with live demo on Monday night at 8pm PT. Smartest AI on Earth,' Musk posted on X platform. No further details were provided about Grok's features and capabilities, but experts anticipate it will introduce significant AI features, such as text-to-video conversion, along with improvements that could surpass OpenAI's GPT-4, Google DeepMind's Gemini, and Anthropic's Claude models. 'Grok 3 release with live demo on Monday night at 8pm PT. Smartest AI on Earth,' Musk posted on X platform. (Shutterstock) On the other hand, many people do not expect Grok 3 to outperform existing AI models on the market, as Musk has previously announced exciting models that ultimately proved to be the competition in the market is fierce, with other AI models and chatbots excelling through advanced tools, features, and capabilities. Critics are questioning Grok 3's and xAI's ability to perform independently, while major companies like OpenAI collaborate and partner with big tech firms such as Google and Microsoft. © 2000 - 2025 Al Bawaba (
