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News on Medial
OpenAI committed to buying $51 million of AI chips from a startup backed by CEO Sam Altman
Wired
·
1y ago
Medial
OpenAI, the AI research organization, signed a letter of intent to spend $51 million on AI chips from Rain AI, a startup in San Francisco. Rain AI is developing a neuromorphic processing unit (NPU) that replicates features of the human brain. Sam Altman, the CEO of OpenAI, has personally invested over $1 million in Rain AI. The deal highlights Altman's personal investments intertwined with his role at OpenAI and the organization's commitment to secure chip supplies for AI projects. However, Rain AI has faced challenges, including a forced divestment by Saudi Arabia-affiliated fund Prosperity7 Ventures, raising concerns about national security risks.
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Sam Altman may have found a loophole to cash in at OpenAI
Gizmodo
·
1y ago
Medial
According to new reporting from Wired, it has been revealed that Sam Altman, the former CEO of OpenAI, would have profited from the company's deal to purchase AI chips. Altman reportedly has no equity in OpenAI but had personally invested in a startup called Rain AI, which has a deal with OpenAI for advanced chips. The connection between Altman's private investments and OpenAI's business may have played a role in his recent firing from the company. The reasons behind Altman's firing, however, remain unclear.
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Sam Altman shuts down Elon Musk’s $97.4 billion bid for OpenAI: ‘No thank you’, makes counter offer for X
Livemint
·
6m ago
Medial
Elon Musk, backed by his company xAI and several investors, offered $97.4 billion to buy OpenAI's non-profit arm. This proposal intensified the rivalry with OpenAI, as Musk criticized OpenAI for straying from its original mission. OpenAI CEO, Sam Altman, publicly rejected the bid, humorously suggesting buying Musk’s X platform instead. OpenAI, co-founded by Musk and Altman, evolved from its non-profit roots to form a for-profit structure, prompting further disagreement between the two.
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Astronomical: Zuckerberg on reports of Altman's $7-tn chip project
Inshorts
·
1y ago
Medial
Meta CEO Mark Zuckerberg, while commenting on reports of OpenAI CEO Sam Altman seeking $7 trillion for an AI chip venture, said the number is "astronomical". However, he added that Altman "isn't crazy" as companies are going to need more chips for training AI models. Altman's ambition for the AI space "has been very helpful" in building it, he stated.
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Sam Altman, Greg Brockman to join Microsoft, will lead advanced AI research team: Satya Nadella
Economic Times
·
1y ago
Medial
Sam Altman and Greg Brockman, former OpenAI co-founders, will be leading a new advanced AI research team at Microsoft, according to CEO Satya Nadella. Altman's appointment comes after his ouster from OpenAI, resulting in the appointment of Emmett Shear as interim CEO. Microsoft remains committed to its partnership with OpenAI and looks forward to working with Shear and the new leadership team at OpenAI. Altman's dismissal from the board of the artificial intelligence startup created ripples in the tech industry.
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‘Scary part of artificial intelligence is…’: OpenAI CEO Sam Altman
Livemint
·
1y ago
Medial
OpenAI CEO, Sam Altman, expressed concerns about the rapid penetration of AI and the speed at which society must adapt to it. Altman believes that the AI revolution will be the fastest one yet, forcing society to adapt quickly. He also mentioned investing in robotics companies and discussed the future impact of AI on jobs. Altman highlighted the need for a global regulatory body to oversee powerful AI systems due to their potential global impact. Microsoft has committed to investing over $10 billion in OpenAI.
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Tired of shortages, OpenAI considers making its own AI chips
Arstechnica
·
1y ago
Medial
OpenAI is reportedly considering the manufacturing of its own AI accelerator chips to address the shortage of specialized AI GPU chips and high costs. The company is exploring options such as acquiring a chipmaking company or collaborating with chip manufacturers like Nvidia. OpenAI CEO Sam Altman has expressed concerns over the scarcity and expense of these chips. However, developing custom chips would be a significant strategic shift and may require several years, leaving OpenAI dependent on commercial providers for the time being. Microsoft, a major backer of OpenAI, is also said to be working on a custom AI chip.
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Sam Altman seeks investors for chipmaking startup Rain AI: Report
News Bytes
·
9m ago
Medial
OpenAI CEO Sam Altman is reportedly seeking investors for a $150-million funding round of a chipmaking startup Rain AI, which could potentially rival NVIDIA. "He has introduced the company to all his investors," a source told the New York Post. Altman was reportedly a major investor in Rain AI's $25-million seed round in 2022.
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Sam Altman thinks AI will have 'novel insights' next year
TechCrunch
·
2m ago
Medial
OpenAI CEO Sam Altman predicts AI systems will generate novel insights by 2026, indicating a major leap in AI capabilities. In his essay “The Gentle Singularity,” Altman envisions AI transforming work, energy, and the social contract. Competitors like Google and startups backed by Eric Schmidt also aim to develop AI capable of revolutionary scientific discoveries. However, skepticism exists regarding AI's potential for true originality, an area OpenAI and others continue exploring.
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Sam Altman wants to solve the great AI chip shortage himself
Business Insider
·
1y ago
Medial
OpenAI CEO Sam Altman is reportedly pitching heavyweight investors to back a new AI chip venture. The plan involves designing chips and setting up a network of fabrication plants to manufacture them. Altman aims to gain more control over OpenAI's chip supply and become vertically integrated, unlike tech companies that rely on third-party suppliers. The plan is costly and challenging but has already garnered interest for its potential to meet the growing demand for AI chips. Currently, shortages of AI chips have caused significant issues for companies, with demand outstripping supply.
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Sam Altman, OpenAI will reportedly back a startup that takes on Musk’s Neuralink | TechCrunch
TechCrunch
·
10d ago
Medial
Sam Altman is reportedly co-founding Merge Labs, a brain-to-computer interface startup potentially backed by OpenAI, to rival Elon Musk's Neuralink. Merge Labs aims to innovate how humans interact with technology, possibly heralding the "singularity"—the merging of humans with tech. Neuralink, founded by Musk, is developing brain-implant chips for those with paralysis. Talks about Merge Labs are ongoing, with no formal announcement, as both Altman and Musk pursue transforming human-tech interaction.
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