OpenAI, the artificial intelligence startup valued at $86 billion, faces scrutiny over its financial transparency. The nonprofit parent reported a mere $44,485 in revenue for 2022, a stark contrast to its valuation and claims that it generated $28 million last year. While OpenAI launched a capped-profit entity in 2019, allowing for external funding, its nonprofit… Continue reading OpenAI’s nonprofit arm showed revenue of $45,000 last year, even though company is worth billions

A federal court jury delivered a unanimous verdict, determining that Google’s Android app store, the Play Store, has been protected by anticompetitive barriers that have harmed smartphone consumers and software developers. The verdict came after a four-week trial initiated by Epic Games, the creator of Fortnite, which filed a lawsuit against Google three years ago,… Continue reading Epic Games wins antitrust lawsuit against Google over barriers to its Android app store

Amazon has faced a setback in its drone delivery unit as Sean Cassidy, the director of safety, flight operations, and regulatory affairs for Prime Air, resigned. Cassidy, a former Alaska Airlines pilot and vice president of the world’s largest pilots union, played a crucial role as Amazon’s primary liaison with federal regulators. His departure was… Continue reading Amazon drone delivery executive who oversaw safety, FAA relations departs the company

On Sunday, Elon Musk reinstated the account of conspiracy theorist Alex Jones on his social media platform, X (formerly Twitter), breaking a year-old promise to keep Jones off the platform. Jones had been suspended from Twitter in 2018 for violating the “abusive behavior policy,” following his false claim that the Sandy Hook Elementary School shooting… Continue reading Elon Musk reactivates Alex Jones’ X account after a five-year ban

Bitcoin experienced a decline of approximately 3.6%, falling to $42,151.38 on Monday, following a significant drop on Sunday night that briefly took it to around $40,300. This retracement comes after Bitcoin reached over $44,000 last week and traded just below that level over the weekend. Ether also saw a 4% decrease, reaching $2,238.38, while Solana’s… Continue reading Bitcoin shows its wild side once again, dropping $3,000 in minutes over weekend

Romesh Wadhwani, a Silicon Valley technology leader, celebrated his 75th birthday with reflections on his career and a vision for the future of artificial intelligence (AI). Wadhwani, who signed the Gates Buffet Giving Pledge, is investing $1 billion of his fortune in predictive and generative AI technology through his investment firm SAIGroup. He emphasizes the… Continue reading How a 75-year-old Indian-American tech entrepreneur is betting $1 billion of his own fortune on AI’s future

A team at Google has proposed a project named “Ellmann” that utilizes artificial intelligence (AI) technology to create a comprehensive overview of users’ lives using mobile phone data, including photographs and searches. Named after biographer Richard David Ellmann, the project aims to leverage large language models (LLMs) like Gemini to analyze search results, identify patterns… Continue reading Google weighs Gemini AI project to tell people their life story using phone data, photos

Shares of Google surged over 5% following the announcement of its new artificial intelligence (AI) model, Gemini. The model is expected to compete with products from OpenAI, Microsoft, and Meta. This marks Google’s best trading day since August 29. Wells Fargo’s trading desk noted that the announcement is likely to address concerns about Google’s position… Continue reading Google shares pop 5% after company announces Gemini AI model

Microsoft President Brad Smith held a meeting with China’s Minister of Commerce Wang Wentao to discuss various topics, including artificial intelligence and trade relations between the U.S. and China. The meeting reflects China’s efforts to demonstrate its continued openness to American businesses amid ongoing tensions with the U.S., aiming to boost its economic prospects. The… Continue reading Microsoft’s president meets with the Chinese government to discuss AI co-operation

In a significant move away from Nvidia, Meta, OpenAI, and Microsoft announced at an AMD investor event their intent to utilize AMD’s latest AI chip, the Instinct MI300X. This marks a notable shift as technology companies explore alternatives to Nvidia’s expensive graphics processors, which have been pivotal for AI program development, including OpenAI’s ChatGPT. The… Continue reading Meta and Microsoft say they will buy AMD’s new AI chip as an alternative to Nvidia’s

U.S. Senator Ron Wyden has raised concerns about foreign governments spying on smartphone users by compelling tech giants Apple and Google to provide push notification records. In a letter to Attorney General Merrick Garland, Wyden revealed that his office investigated a tip from last year, indicating that government agencies have been demanding push notification records… Continue reading Governments spying on Apple and Google users through phone notifications, U.S. senator says

Google has unveiled its latest and most advanced artificial intelligence (AI) model, Gemini, amid growing pressure for the tech giant to articulate its AI monetization strategy. The model is expansive, featuring three categories: Gemini Ultra, the largest and most capable; Gemini Pro, versatile across various tasks; and Gemini Nano, designed for specific tasks and mobile… Continue reading Google launches its largest and ‘most capable’ AI model, Gemini