In a court filing on Wednesday, a lawyer for Elon Musk said the billionaire will withdraw his $97.4 billion bid for OpenAI’s nonprofit if the ChatGPT maker’s board of directors “preserve the charity’s mission” and halt its conversion to a for-profit corporation. The filing, submitted to the U.S. District Court for the Northern District of … Read more
Google on Wednesday announced a series of updates for its parental control software Google Family Link and a plan to test new machine-learning techniques to estimate users’ ages so it could apply more age-appropriate experiences to kids’ devices. The company earlier said that it would soon use machine learning to determine the age of YouTube … Read more
Coinbase is working on its re-entry to India more than a year after it officially ceased operations in the world’s most populous nation. The American crypto exchange is engaging with various Indian authorities, including the Financial Intelligence Unit (FIU), an Indian government agency that scrutinizes financial transactions, according to two sources familiar with the matter … Read more
OpenAI has effectively canceled the release of o3, which was slated to be the company’s next major AI model, in favor of what CEO Sam Altman is calling a “simplified” product offering. In a post on X on Wednesday, Altman said that in the coming months, OpenAI will release a model called GPT-5 that “integrates … Read more
Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. Its HyreCar business, which it acquired in 2023 for $9.45 million, is also closing. The company said … Read more
Big Tech and pharmaceutical companies are accelerating the implementation of artificial intelligence in the healthcare industry. Just last month, AWS and General Catalyst announced their partnership to speed up the development and deployment of healthcare AI tools. GE Healthcare teamed up with AWS to build generative AI for medical use in 2024. Now, a … Read more
Reddit CEO Steve Huffman said the online forum site plans to launch an upgraded search experience in 2025 designed to help users navigate the social network and be able to answer “subjective hard, [and] interesting questions.” The company plans to achieve this by integrating Reddit Answers — a feature that allows visitors to ask questions … Read more
A new startup founded by a former Google DeepMind scientist is exiting stealth with $50 million in funding. Latent Labs is building AI foundation models to “make biology programmable,” and it plans to partner with biotech and pharmaceutical companies to generate and optimize proteins. It’s impossible to understand what DeepMind and its ilk are doing … Read more
Brian Quintenz, who leads policy for Andreessen Horowitz’s crypto team, announced on Wednesday that he’s being tapped to head the Commodity Futures Trading Commission (CFTC), according to his X post. And many in the VC industry appear to be thrilled about it. The CFTC regulates the trading of commodity futures, options, and swaps, otherwise known … Read more
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership … Read more