This chapter explores OpenAI's recent capital raise at a higher valuation, discussing the reasons behind it, including liquidity for employees and attracting new investors. It also raises the question of whether the AI industry is experiencing a bubble and mentions other developments in the AI space, such as a potential hardware project and a wearable AI assistant.
OpenAI man. The company is reportedly offering employees a chance to sell shares between an $80b-$90b valuation; discussing an AI hardware device with iPod designer Jony Ive; and scaring the hell out of people with a troll that "AGI has been achieved internally." Before that on the Brief: Apple is the most AI acquisitive Silicon Valley giant, and the CIA is working on a chatbot for intelligence agencies.
ABOUT THE AI BREAKDOWN
The AI Breakdown helps you understand the most important news and discussions in AI.
Subscribe to The AI Breakdown newsletter: https://theaibreakdown.beehiiv.com/subscribe
Subscribe to The AI Breakdown on YouTube: https://www.youtube.com/@TheAIBreakdown
Join the community: bit.ly/aibreakdown
Learn more: http://breakdown.network/