In other news, OpenAI is working on updates to make its AI models more efficient and affordable for developers, including adding memory storage to its developer tools. This could reduce costs for application makers by up to 20 times, a crucial move as OpenAI aims to support partners in creating sustainable businesses based on AI software. Despite the high costs of maintaining AI, the generative AI industry is expected to grow to $1.3 trillion by 2032.
Key takeaways:
- OpenAI is preparing for a share sale that could value the company at $90 billion, with the deal potentially relying on wealthy investors in the Middle East.
- The company is also in discussions to help employees sell tens of millions in private stock in a tender offer expected to close on Oct. 21.
- OpenAI is reportedly working on updates to make its AI models more efficient and affordable, including adding memory storage to its developer tools, potentially reducing costs for application makers by up to 20 times.
- Despite high costs of maintaining AI, the generative AI industry is expected to grow to $1.3 trillion by 2032.