OpenAI’s Q* Is Alarming for a Different Reason

On November 10, Humane, a 2018-founded startup known for working with AI technology, unveiled its first product called Ai Pin, a clothing-based wearable gadget. The OpenAI CEO Sam Altman-backed company presented the device as a new technology that does not require a user to spend time interacting with it and instead gets the information needed quickly so they can focus on the moment. With a displayless design, which goes against the ethos of most consumer tech products, the company focuses on voice and laser ink technology to show and tell the information through an AI chatbot. The company has now revealed that the product will be shipped to consumers starting in March 2024.

OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of the world's most valuable startups.

Sam Altman is back on the conference circuit and touting AI's benefits to humanity, days after regaining the lead at the world's best-known artificial intelligence startup.

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A ton of drama unfolded in the technology sector recently, with OpenAI, the hottest startup at this time, had its CEO, Sam Altman, abruptly fired, then reinstated a few days after. Following the Chief Executive’s removal, several OpenAI employees revolted, threatening to join Microsoft if OpenAI’s board remained firm on their decision, but according to the latest report, it was actually a bluff to force the firm to bring back Altman. As it turned out, most OpenAI employees did not want to work for Microsoft, as it would have resulted in the loss of significant perks and other reasons.

Artificial intelligence (AI) has become the buzzword of 2023, with the world's biggest companies launching their suite of AI services not just for consumers, but for businesses as well. While AI technology has been growing for some time, it is safe to say that this revolution really kicked off when OpenAI launched its AI chatbot ChatGPT in November 2022. Since then, rapid advancements have taken place in the field, with companies like Microsoft and Google releasing their AI services. AI for business has also become highly sought after, with companies leveraging the new tech to grow their business and offer more services to consumers. However, OpenAI Chief Operating Officer Brad Lightcap thinks this technology is overhyped. He also revealed some details about the shock resignation and the eventual return of CEO Sam Altman.

OpenAI is delaying the launch of an online store for people to interact with an array of chatbots customized by its users, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer Sam Altman. 

 Larry Summers, a new board member at artificial intelligence startup OpenAI, said that the startup's work was “extraordinarily important” and that the company needed to operate as a “corporation with a conscience.” OpenAI “has to be prepared to cooperate with key government officials on regulatory issues, on national security issues, on development of technology issues,” Summers said on Bloomberg Television's Wall Street Week with David Westin on Friday. 

OpenAI has been through a lot of dramatic changes over these past few weeks with the board members firing the company CEO Sam Altman. While the feud did not last long and Altman eventually made his way back as OpenAI CEO, the company has made significant changes in their board with three new members and Microsoft is also getting a seat on the board, however, as a silent member. Check Microsoft's role in the OpenAI board and how it will function to ensure the company's success.

It's been quite a week for ChatGPT-maker OpenAI — and co-founder Sam Altman.

 OpenAI reinstated Chief Executive Officer Sam Altman after hundreds of workers threatened to quit over the ChatGPT creator's ouster, highlighting just how much leverage the tech industry's most valued workers hold right now.

OpenAI announced that ChatGPT, the popular generative artificial intelligence-based chatbot, was getting new capabilities earlier in September. These features have now been rolled out globally, and one of the most interesting features will be available to all users, whether they subscribe to its premium version or use the free version. The feature grants ChatGPT voice capability, letting it both receive queries verbally and answer them in the same way. These features will be available in the mobile app version of the platform.