OpenAI, Amazon strike $38-billion deal for ChatGPT to use AWS| Business News

Amazon.com Inc. will supply OpenAI with cloud computing services under a multi-year $38-billion deal, giving the ChatGPT maker access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models. OpenAI recently turned into a for-profit enterprise. (Reuters) The agreement announced on Monday underscores the AI industry’s surging appetite for […]

‘You stole a non-profit,’ Elon Musk says on OpenAI’s for-profit status. Sam Altman responds.| Business News

Techbros Sam Altman and Elon Musk traded jibes online over the status of OpenAI Inc., after the AI company they co-founded turned into for-profit enterprise following an investment from Microsoft Corp. last week. Tesla CEO Elon Musk (left) and OpenAI CEO Sam Altman. (AFP) “You stole a non-profit,” Musk wrote on X, formerly Twitter, responding […]

Microsoft, OpenAI strike new deal that pegs ChatGPT maker’s valuation at $500 billion| Business News

Microsoft Corp. and Open AI have struck a new deal that allows the ChatGPT maker to restructure into a public benefit corporation. That gives OpenAI a valuation of $500 billion and more freedom it its business operations. OpenAI CEO Sam Altman (left) and Microsoft CEO Satya Nadella (AFP) The deal removes a major constraint on […]