Day: February 16, 2024
OpenAI’s Valuation Reaches $80 Billion in Completed Deal
OpenAI has been valued at $80 billion. The San Francisco artificial intelligence company’s valuation has nearly tripled in less than 10 months. It would sell existing shares to employees. A deal led by the venture firm Thrive Capital allows employees to cash out. OpenAI is now one of the world’s most valuable tech start-ups. The […]
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Architects of A.I. Take a Stand Against Misuse in a Pivotal Election Year
AI companies are setting limits on the technology’s use in upcoming elections around the world. OpenAI, Google, and Meta are among the companies working to prevent abuse of A.I. tools, such as chatbots and generated content, during political campaigns. In doing so, they hope to prevent the spread of misinformation and influence operations. However, the […]
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Backlash Against South Korea’s Antitrust Enforcers Targeting Big Tech.
South Korea’s antitrust regulator, the Korea Fair Trade Commission, announced plans to enact a law mirroring the European Union’s Digital Markets Act. This proposed law focused on curbing the influence of major technology companies and designating certain companies as dominant platforms, limiting their potential to expand. However, due to backlash from industry lobbyists, consumers, and […]
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