Seth Fiegerman

OpenAI stunned employees, investors and much of Silicon Valley on Friday by ousting Chief Executive Officer Sam Altman, who more than any other figure had emerged as the face of artificial intelligence following the viral success of his company’s chatbot, ChatGPT. Almost instantly, the world’s best-known AI startup, which has been in talks to sell employee shares to investors at an $86 billion valuation, was thrown into disarray. Several people, including OpenAI President Greg Brockman, have res

(Bloomberg) -- OpenAI stunned employees, investors and much of Silicon Valley on Friday by ousting Chief Executive Officer Sam Altman, who more than

OpenAI stunned employees, investors and much of Silicon Valley on Friday by ousting Chief Executive Officer Sam Altman, who more than any other figure had emerged as the face of artificial intelligence following the viral success of his company’s chatbot, ChatGPT. Almost instantly, the world’s best-known AI startup, which has been in talks to sell employee shares to investors at an $86 billion valuation, was thrown into disarray. Several people, including OpenAI President Greg Brockman, have res

OpenAI teased a new artificial intelligence system that can create realistic-looking videos based on text prompts from users, making it the latest AI company to embrace generative video technology.

OpenAI teased a new artificial intelligence system that can create realistic-looking videos based on text prompts from users, making it the latest AI company to embrace generative video technology.

The push for bigger AI models, and more chips and data centers to support building them, is driving up costs for technology companies.

When OpenAI launched its ChatGPT chatbot in 2022, it looked as if a new generation of artificial intelligence tools was about to transform every corner of the economy and people's lives. Fast-forward to 2024 and AI features have been added to countless services, but the impact has arguably not been quite so dramatic.

Even companies that raised hundreds of millions in funding are bowing out of the race to develop advanced AI models.

When OpenAI launched its ChatGPT chatbot in 2022, it looked as if a new generation of artificial intelligence tools was about to transform every corner of the economy and people’s lives. Fast-forward to 2024 and AI features have been added to countless services, but the impact has arguably not been quite so dramatic.