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OpenAI’s Valuation Reaches $100 Billion – But Is It Warranted?

OpenAI’s Valuation Could Reach $100 Billion

Nvidia and Apple are reportedly in talks to contribute to OpenAI’s next fundraising round, with Thrive Capital set to lead the deal. According to The New York Times, OpenAI’s annualized revenue has exceeded $3.4 billion this year, but the company is on track to lose around $5 billion by the end of the year due to its expansion of AI training and staffing efforts.

A Concerning Warning from X

Users have reported that when clicking on links to NPR’s website, they are met with a warning typically applied to malicious links. The reason for this warning is unclear, but it raises questions about whether X (formerly Twitter) is actively trying to prevent the news story from spreading.

Lyft’s Efforts to Improve Security

In an effort to improve security measures, Lyft has launched a pilot program aimed at helping drivers verify riders’ identities. Riders will now see a verification badge next to their profile, indicating that Lyft has confirmed they are using their legal name. The new program is rolling out in various cities across the United States.

TechCrunch’s Week in Review

This week, we’ve recapped some of the biggest news stories from around the tech industry. Want to stay up-to-date on all the latest developments? Sign up for our newsletter to receive a weekly summary of the biggest stories in your inbox every Saturday.

AI and Security: A Growing Concern

The use of AI is becoming increasingly prevalent, but it also raises concerns about security. As we’ve seen with OpenAI’s recent funding round, there are still many challenges to overcome when it comes to ensuring the safety and security of these powerful technologies.

ChatGPT’s Limited Understanding

Users have noticed that when asked how many times the letter "r" appears in the word "strawberry," ChatGPT answers incorrectly. The reason for this error is due to the LLMs powering AI chatbots not actually reading the information they’re ingesting, but rather relying on patterns and associations learned from large datasets.

Apple’s Layoffs

Apple has reportedly cut around 100 jobs in its digital services group, affecting teams working on the Apple Books app and Apple News. This move is just the latest in a series of layoffs at major tech companies, highlighting the challenges facing businesses in the industry today.

Plaud’s AI-Powered Note-Taking Pin

In an effort to improve productivity, Plaud has released an AI-powered note-taking pin that allows users to record meetings and dictate notes. The device uses OpenAI’s GPT-4 to transcribe recordings and provide users with a summary of their notes.

Spotify vs Apple: A Continuing Dispute

Spotify claims that Apple may be in violation of the Digital Markets Act after discontinuing technology that allowed Spotify users to control playback on their devices using Siri. This move is just the latest development in an ongoing dispute between the two companies.

OpenAI’s AI Reasoning Model

Researchers have discovered that OpenAI’s AI reasoning model sometimes thinks in Chinese, but no one really knows why. This phenomenon highlights the complexity and unpredictability of AI systems, which can be difficult to understand and interpret.

China and TikTok: A Potential Acquisition

China is reportedly open to Elon Musk acquiring TikTok US, a move that would see the social media platform change hands for an estimated $20-30 billion.

The "Free Our Feeds" Campaign

A group of developers has launched a campaign aimed at making Bluesky’s technology more accessible and secure. The campaign, which is known as the "Free Our Feeds" movement, aims to create a decentralized social media network that would allow users to share their thoughts and ideas without fear of censorship or surveillance.

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