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ChatGPT maker OpenAI hires Nextdoor's Sarah Friar as CFO

Economic Times

Economic Times · 1y ago

ChatGPT maker OpenAI hires Nextdoor's Sarah Friar as CFO

Artificial intelligence firm OpenAI has announced the appointment of Sarah Friar, former CEO of Nextdoor, as its first chief financial officer. Additionally, Kevin Weil, a former employee of Twitter and Instagram, will join OpenAI as the chief product officer.

Related News

OpenAI doubles annualised revenue to $3.4 billion, says report

Livemint

Livemint · 1y ago

OpenAI doubles annualised revenue to $3.4 billion, says report

OpenAI is projected to generate $3.4 billion in annual revenue, with $3.2 billion coming from its products and services. An additional $200 million is expected to be made through Microsoft Azure by offering access to its AI models. OpenAI has seen success with its ChatGPT and has been working to increase revenue by selling services to enterprise customers. The company has recently hired a new CFO, Sarah Friar, to support its AI research and global growth.

OpenAI CFO says new structure opens door for potential IPO

Economic Times

Economic Times · 1m ago

OpenAI CFO says new structure opens door for potential IPO

OpenAI is considering restructuring to enable a potential future IPO, depending on market conditions and company readiness, says CFO Sarah Friar. OpenAI has transformed its for-profit arm into a public benefit corporation, aiming for a balance between shareholder returns and social goals. While it retains flexibility to raise capital, the focus remains on sustainable growth and innovation in AI. Friar emphasized the importance of being market-ready and prioritizing breakthrough products over minor cost efficiencies.

OpenAI gets partial win in authors' US copyright lawsuit

Economic Times

Economic Times · 1y ago

OpenAI gets partial win in authors' US copyright lawsuit

A federal judge in California has dismissed parts of a copyright lawsuit brought by authors, including Sarah Silverman and Ta-Nehisi Coates, against OpenAI. The authors accused OpenAI of using their books to train its language model, ChatGPT, without permission. However, the judge ruled that the authors had failed to demonstrate that the output generated by ChatGPT infringed their copyrights. OpenAI and other tech companies argue that their AI training falls under fair use, and these lawsuits pose a threat to the AI industry. The authors have been given permission to file an amended complaint.

Microsoft adds OpenAI to its list of competitors in AI & search

Inshorts · 11m ago

Microsoft adds OpenAI to its list of competitors in AI & search

Microsoft has named ChatGPT maker OpenAI as its competitor in the AI and search business. This is the first time Microsoft has called OpenAI a competitor in its annual report, which for years has included names like Google, Meta, Amazon and Apple. Microsoft has a long-term partnership with OpenAI and has reportedly invested around $13 billion in the startup.

OpenAI to continue working with Scale AI after Meta deal

Economic Times

Economic Times · 1m ago

OpenAI to continue working with Scale AI after Meta deal

OpenAI will continue its collaboration with Scale AI despite Meta acquiring a 49% stake in the startup for $14.8 billion. Scale AI provides essential training data for AI tools like OpenAI's ChatGPT. OpenAI's CFO emphasized the importance of not freezing out competitors to foster innovation. Scale AI's CEO will join Meta to lead a new unit, but OpenAI maintains working relationships with multiple vendors. OpenAI's ChatGPT competes with Meta's language models.

OpenAI CTO Mira Murati resigns

Inshorts · 9m ago

OpenAI CTO Mira Murati resigns

ChatGPT maker OpenAI's Chief Technology Officer (CTO) Mira Murati has announced she has made the "difficult decision" to leave the company after six-and-a-half years. "I am stepping away as I want to create the time and space to do my own exploration," she said in a note to OpenAI team. She also thanked OpenAI CEO Sam Altman in her note.

OpenAI unveils new AI models that 'think with images'

Inshorts · 3m ago

OpenAI unveils new AI models that 'think with images'

ChatGPT maker OpenAI released OpenAI o3 and o4-mini, which the company claims are its "smartest and most capable models to date". "They integrate uploaded images directly into their chain of thought. That means they don't just see an image—they think with it," OpenAI said. Examples shared by OpenAI showed the models reading handwriting, solving a QED problem and a maze.

NVIDIA's Huang delivers 1st DGX H200 AI supercomputer to OpenAI

Times Now · 1y ago

NVIDIA's Huang delivers 1st DGX H200 AI supercomputer to OpenAI

NVIDIA CEO Jensen Huang personally delivered the company's first DGX H200 AI supercomputer to ChatGPT-maker OpenAI. In a photo, Huang, OpenAI CEO Sam Altman and its President Greg Brockman can be seen with the supercomputer. Huang signed the supercomputer with the words "to advance AI, computing, and humanity". NVIDIA also donated an AI supercomputer to OpenAI in 2016.

OpenAI's internal AI details stolen by hacker last year: Report

CNBC

OpenAI's internal AI details stolen by hacker last year: Report

A hacker gained access to the internal messaging systems of ChatGPT-maker OpenAI last year and stole details about its AI technologies' design, the NYT reported. The hacker reportedly stole details from an employee forum but didn't get into the systems where OpenAI houses its AI. OpenAI executives didn't consider the incident a national security threat, the report said.

Sarah Silverman’s lawsuit against OpenAI partially dismissed

The Verge

The Verge · 1y ago

Sarah Silverman’s lawsuit against OpenAI partially dismissed

A California court has dismissed several claims in a copyright case against OpenAI filed by authors, including Sarah Silverman, over allegations that OpenAI's ChatGPT is infringing on their work. The court rejected claims of vicarious infringement, Digital Millennium Copyright Act (DMCA) violations, negligence, and unjust enrichment. However, the court upheld the claim that OpenAI used the authors' work for commercial profit without their permission, leaving the main complaint of direct copyright infringement unresolved. The authors have the opportunity to amend their original complaint by March 13th. OpenAI is facing multiple copyright infringement lawsuits from various authors.

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