OpenAI valuing itself around $90B

Via a report in the Wall Street Journal, OpenAI is looking to allow staff to sell shares at prices that value the company in the $80-90B mark. Note: there’s no intention for the company to go public. To put that in perspective, in Australia, there are only two companies who have a higher market cap. Put another way, OpenAI is valuing itself more than almost every company in Australia...

Amazon invests in Anthropic

Perhaps not surprising that Amazon has invested heavily in Anthropic (makers of Claude).

Meanwhile ChatGPT releases another big update, rolling out voice and image capabilities.

What a year it has been so far, and it still feels like we’re just beginning.

AI and Legal

A few related AI articles. First up, Reuters reporting that a trade group for US authors is suing OpenAI, accusing the company of unlawfully training ChatGPT on authors’ books. The report is catching attention because the authors represented include John Grisham, Michael Connolly and George R. R. Martin: “The complaint said ChatGPT generated accurate summaries of the authors’...

CRMs and Connection

Most CRMs will highlight how they enable you to connect with your prospects and customers better. They help you ‘engage’. This can be good and bad. On the good side, it can keep you organised, so you’re freed up to care about people and provide value. On the bad side, it promotes an attitude of insincere activity – in the name of ‘staying connected’. Example:...

AI Funding

Just noting this here as a timestamp more than anything – AI writing startup Writer raises $100M at a $500M valuation. So many stories like this.

We’re heading into crazy times again. Buckle up.

Assume Everything will be Exposed at some point

You may have seen the TechCrunch article about Microsoft researchers accidentally exposing terabytes of sensitive internal data when providing access to some AI training data. In summary: This data included 38 terabytes of sensitive information, including the personal backups of two Microsoft employees’ personal computers. The data also contained other sensitive personal data, including passwords...

Unity and Communication

I don’t use Unity and don’t really understand what it does, but boy do I know all about the outrage their new pricing model has generated.

A classic example of poor communication causing havoc. The reputation hit is significant.

Another case of perception being more important than reality.

Fear of Becoming Obsolete (FOBO)

Didn’t realise that FOBO (Fear Of Becoming Obsolete) , but thanks to this Gallop News poll I do now. The article confidently highlights the fears of U.S. workers of becoming obsolete due to AI are increasing (up from 15% to 22%). The ‘findings’ go on to break down the fears amongst age groups (younger people are more worried) and household income (lower salary earners are more...

ChatGPT Water Usage

Good article covering the water usage in data centres, with a focus on those used for training AI. [Aside: Interestingly, the Techmeme summary title is a little click-baity (which is unusual because techmeme usually takes the hype out of articles).] The summary seems to be that data centres can take up to 1 litre of water for every 100 ChatGPT prompts from users. The calculation comes from a...

The IRS and AI

From The New York Times: The Internal Revenue Service has started using artificial intelligence to investigate tax evasion at multibillion-dollar partnerships as it looks for ways to better police hedge funds, private equity groups, real estate investors and large law firms. NYT Assuming this does focus on the bigger players (often the smallest tax payers) and has safeguards in place , I’d...