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Is OpenAI worth $100B? | TechCrunch

Sep 01, 2024 - news.bensbites.com
OpenAI is reportedly looking to increase its valuation to $100 billion, with Nvidia, Apple, and Thrive Capital potentially contributing to its next fundraising round. Despite an annualized revenue of $3.4 billion early this year, OpenAI is expected to lose $5 billion by year-end due to its AI training and staffing expansion. In other news, an unidentified company, referred to as X, has marked some links to NPR’s website as “unsafe,” raising questions about potential news suppression. Lyft has launched a pilot program to help drivers verify riders’ identities, rolling out in several US markets.

In tech layoffs, Apple is reportedly cutting around 100 jobs in its digital services group. Spotify has accused Apple of potentially violating the Digital Markets Act. Tesla has deleted all of its blog posts prior to 2019, and Tumblr is officially moving its back end over to WordPress following its acquisition by WordPress parent company Automattic. Google has trained its Gemini AI model with 300 million pieces of audio to identify health issues and predict early signs of disease.

Key takeaways:

  • OpenAI could reportedly increase its valuation to $100 billion with Nvidia, Apple, and Thrive Capital potentially contributing to the company’s next fundraising round.
  • A new pilot program by Lyft aims to improve security measures by helping drivers verify riders’ identities.
  • ChatGPT, powered by AI, has been noticed to make spelling mistakes, highlighting that AI chatbots aren't actually reading the information they're ingesting.
  • Apple is reportedly cutting around 100 jobs in its digital services group, affecting the teams working for the Apple Books app and Apple News.
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