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119 | OpenAI’s 100 Billion-Dollar Valuation, 'Strawberry' reasoning AI launch, Google's Gemini gets new gems, Ophra getting into AI and more AI news for week Aug 31
Aug 31, 2024
OpenAI is shaking up the AI landscape with exciting new developments and a billion-dollar funding round. Discover the anticipated AI model that's set to redefine industry standards. Meanwhile, Oprah Winfrey is stepping into the AI spotlight, reflecting its move towards mainstream culture. Plus, hear about Google's latest updates and Meta's impressive user growth, along with the surge of a startup focusing on advanced AI coding tools. It's a thrilling time to be engaged in AI innovation!
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Quick takeaways
- OpenAI's upcoming billion-dollar funding round is crucial for its survival and innovation in the fiercely competitive AI landscape.
- Google's Gemini enhancements reflect a strong commitment to productivity, showcasing how major companies are racing to dominate the AI sector.
Deep dives
OpenAI's Upcoming Funding Round
OpenAI is preparing for a new funding round that is projected to value the company at over $100 billion, mainly to support the development of future AI models. This round is expected to be led by Thrive Capital, with participation from major investors such as Microsoft, Nvidia, and possibly Apple. The involvement of Apple raises eyebrows since it competes with Microsoft, suggesting a more complicated dynamic in their relationships. Given OpenAI's substantial financial losses—amounting to billions yearly—this funding is crucial for maintaining progress in the competitive field of artificial general intelligence (AGI).
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