After a year of frenzied dealmaking and rumors of an upcoming IPO, the financial scrutiny into OpenAI is intensifying. Leaked documents obtained by tech blogger Ed Zitron provide more of a glimpse into OpenAI’s financials — specifically its revenue and compute costs over the past couple of years. Zitron reported this week that in 2024, […]
Leaked documents shed light into how much OpenAI pays Microsoft Read More »
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership
Everything you need to know about the AI chatbot Read More »
A new report from the International Energy Agency (IEA) shows that $580 billion will be spent globally on AI data centers in 2025 alone. This is $40 billion more than will be spent on new oil supplies — leading us to conclude that data centers are the new oil fields. But is this a net positive for the environment or just a different kind of resource drain? On TechCrunch’s Equity podcast, Kirsten
Are data centers the new oil fields? Read More »
OpenAI says ChatGPT will now ditch the em dashes if you tell it to. The telltale sign that supposedly signals text written by AI has popped up everywhere in recent months, including in school papers, emails, comments, customer service chats, LinkedIn posts, online forums, ad copy, and more. The inclusion of the em dash has
OpenAI says it’s fixed ChatGPT’s em dash problem Read More »
OpenAI on Thursday introduced a group chat feature for ChatGPT. The feature, currently being tested in select regions including Japan, New Zealand, South Korea, and Taiwan, lets users collaborate directly within the app. The group chat is available to Free, Plus, and Team users on both mobile and web platforms. OpenAI says the pilot is
ChatGPT launches pilot group chats across Japan, New Zealand, South Korea, and Taiwan Read More »
Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved
Coding assistant Cursor raises $2.3bn five months after its previous round Read More »
Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved
Coding assistant Cursor raises $2.3B 5 months after its previous round Read More »
A German court ruled that OpenAI’s ChatGPT violated the nation’s copyright laws by training its language models on licensed musical work without permission, multiple news outlets, including The Guardian reported. The decision came from a lawsuit that GEMA, the society that handles music rights in Germany, filed last November against OpenAI. The company was ordered to pay an undisclosed amount of damages to GEMA, but said it disagreed
Court rules that OpenAI violated German copyright law; ordered it to pay damages Read More »
SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles.
The circular money problem at the heart of AI’s biggest deals Read More »
A recent letter from OpenAI reveals more details about how the company is hoping the federal government can support the company’s ambitious plans for data center construction. The letter — from OpenAI’s chief global affairs officer Chris Lehane and addressed to the White House’s director of science and technology policy Michael Kratsios — argued that
OpenAI asked Trump administration to expand Chips Act tax credit to cover data centers Read More »
