Tech Brew Ride Home Mon. 11/13 – Can OpenAI Outrun Everybody?
Nov 13, 2023
OpenAI is on a fundraising spree to maintain its AI dominance, with Microsoft possibly stepping in for support. Zelle is now refunding users scammed through their service, a significant shift in payment security. Meanwhile, ex-FTX executives are launching a new crypto exchange as they attempt to rebuild trust. Apple has paused all OS updates to focus on improving software quality, reflecting their commitment to user experience. Lastly, the PlayStation Portal faces scrutiny over its limited gaming capabilities and reliance on remote play.
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OpenAI's Funding Strategy
- OpenAI's Sam Altman plans to raise more capital from Microsoft and other investors.
- This funding will support the development of more sophisticated AI models and cover substantial training costs.
Character.AI's Funding and Valuation
- Character.AI, a competitor of OpenAI, is negotiating funding from Google and venture capitalists.
- This investment could value Character.AI at over $5 billion, strengthening its position in the AI market.
Zelle's Refund Policy Change
- Zelle has initiated refunds for scam victims after pressure from US lawmakers.
- This policy shift reverses previous resistance from banks and addresses rising fraud concerns.