The Hustle Daily Show

Chat-GPT revenue doubles overnight, but is GPT-4o a safety concern?

May 21, 2024
OpenAI's revenue spikes with GPT-4o, raising safety concerns. Red Lobster files for bankruptcy, Target cuts prices. Discussing AI's impact on business and security risks. Dismantling of AI safety team sparks worries about prioritizing safety in AI development.
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INSIGHT

Target Sparks Price War

  • Target strategically reduced prices on 5,000 popular grocery and household items to compete with Walmart and Costco.
  • This price cut may prompt a pricing war benefiting budget-conscious shoppers.
ANECDOTE

Deepfake Scam Wipes $25.6M

  • A British engineering firm was famously scammed out of $25.6 million using a deepfake CFO video call.
  • This highlights the growing threat of sophisticated AI-enabled fraud in corporate finance.
INSIGHT

OpenAI's Revenue Soars

  • OpenAI doubled its daily mobile app revenue after releasing GPT-4o, signaling strong market demand.
  • The impressive multimodal capabilities and live translation demos attracted many new users to the product.
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