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OpenAI is preparing to raise its next funding round, seeking to secure billions of dollars at a $100 billion valuation. Tech giants like Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are rumored to be interested in participating. Each of these companies is no stranger to OpenAI: Microsoft has been a primary investor, owning a 49% share of the company thanks to its $13 billion investment in 2019. Apple partnered with OpenAI in June to use its models to power upcoming AI features. Nvidia, the dominant chipmaker, provides OpenAI with the infrastructure it needs to train and run its models. Although OpenAI’s ChatGPT remains the market leader, with hundreds of millions of monthly users, the company has yet to turn a profit from its AI products and services. Moreover, OpenAI must continue spending billions to stay competitive and maintain its market leadership. Rumors suggest the company is on track to lose $5 billion this year from its AI operations, making it unsurprising that OpenAI needs to raise significant capital to keep the business going. Google’s Imagen 3 relaunches with enhanced AI accuracy and ethics Google (NASDAQ: GOOGL) announced that it would reintroduce its image generation AI, Imagen 3, into its products, starting with Gemini Advanced. Google’s AI image generation tool was previously operational but was pulled in February following incidents where the AI overcompensated for race and ethnicity when generating images of people. For example, when prompted to produce an image of the four founding fathers of the United States, Imagen returned an output featuring diverse individuals who were not the founding fathers. These incidents sparked discussions about Google’s AI being overly concerned with ethics, bias, and censorship, leading the company to suspend its model from generating images of people. All AI models walk a fine line between…

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Filed under: News - @ August 31, 2024 7:15 am