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OpenAI’s investment into Thrive Holdings is its latest circular deal

OpenAI is taking an ownership stake in Thrive Holdings, whose parent company is one of the AI giant’s major investors, Thrive Capital.  Thrive Holdings operates like a private equity firm for AI, rolling up companies that it believes could benefit from the tech in sectors like accounting and IT services.  Neither company disclosed the terms … Read more

OpenAI’s partners are carrying $96 billion in debt, highlighting growing risks around the loss-making AI company

Companies supplying data centers, chips, and “compute” processing power to OpenAI have taken on about $96 billion in debt to fund their operations, according to an analysis by the Financial Times. The news highlights the AI sector’s increasing reliance on debt and its growing dependence on loss-making AI startup OpenAI in particular. Currently, the revenues … Read more

Sam Altman says OpenAI’s first device is iPhone-level revolutionary but brings ‘peace and calm’ instead of ‘unsettling’ flashing lights and notifications

OpenAI CEO Sam Altman is on a quest to build an AI-first device that he says will be as revolutionary as the iPhone but will bring users peace and calm instead of more stress. He even got Jony Ive, the designer of the original iPhone, to help build it. In an onstage interview with Ive … Read more

Altman describes OpenAI’s forthcoming AI device as more peaceful and calm than the iPhone

“When people see it, they say, ‘that’s it?… It’s so simple.” That’s how OpenAI CEO Sam Altman describes how he thinks people will respond to seeing the company’s forthcoming AI hardware device for the first time. The device is the result of the collaboration between OpenAI and Apple’s former chief designer Jony Ive. Not much … Read more

Target joins OpenAI’s growing list of retail apps

OpenAI is pushing deeper into retail, with Target set to debut a new ChatGPT-powered app for shoppers in coming weeks. The news follows OpenAI’s move last month to start adding dedicated retail apps to ChatGPT, including Canva, Coursera, Figma, Expedia, Spotify, and Zillow. It also comes as OpenAI races to rake in AI-driven commerce via … Read more

OpenAI’s Fidji Simo says Meta’s team didn’t anticipate risks of AI products well—her first task under Sam Altman was to address mental health concerns

AI chatbots have been under scrutiny for mental health risks that come with users developing relationships with the tech or using them for therapy or support during acute mental health crises. As companies respond to user and expert criticism, one of OpenAI’s newest leaders says the issue is at the forefront of her work. This … Read more

OpenAI’s Fidji Simo Plans to Make ChatGPT Way More Useful—and Have You Pay For It

In case OpenAI’s structure couldn’t get any weirder—a nonprofit in charge of a for-profit that’s become a public benefit corporation—it now has two CEOs. There’s Sam Altman, chief executive of the whole company, who manages research and compute. And as of this summer, there’s Fidji Simo, the former CEO of Instacart, who manages everything else. … Read more

OpenAI’s new AI safety tools could give a false sense of security

OpenAI last week unveiled two new free-to-download tools that are supposed to make it easier for businesses to construct guardrails around the prompts users feed AI models and the outputs those systems generate. The new guardrails are designed so a company can, for instance, more easily set up contorls to prevent a customer service chatbot … Read more

OpenAI’s master builder: Greg Brockman is steering a $1.4 trillion AI infrastructure surge

In early October, OpenAI president Greg Brockman and AMD CEO Lisa Su made the rounds of TV news shows, smiling ear to ear as they announced a multiyear partnership worth tens of billions of dollars—one that will see OpenAI deploy hundreds of thousands of AMD chips across its Stargate Project data center mega-campuses. The deal … Read more

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