OpenAI has officially done its whole reorg to for-profit thing. Amazon is cutting a metric ton of employees and its blaming AI. Elon launches Grokpedia to take on Wikipedia. And does Anthropic’s success in the enterprise give it a leg up on OpenAI in the one metric that counts? Making money?
OpenAI completed its for-profit restructuring — and struck a n ... Show More
Oct 30
How Hackers Drained $6.3B From Binance
Overnight brought the biggest heist in crypto history, as hackers drained $6.3 billion from Binance. Amazon’s AI spending soared while retail growth stalled, Spotify eyed a $5-a-month AI remix tool, and longreads covered El Niño forecasting and old-time fiddlers. Binance says ini ... Show More
22m 21s
Jan 2025
With OpenAI seeking profits, activist seeks payback to the public
A battle is brewing over the restructuring of OpenAI, the creator of pioneering artificial intelligence chatbot ChatGPT. It was founded as a nonprofit in 2015 with the goal of developing AI to benefit humanity, not investors. But advanced AI requires massive processing power, whi ... Show More
15m 21s
Sep 2024
OpenAI plans to switch to a for-profit mode, California's 'click to cancel' subscription bill now law, and DoNotPay 'robot lawyer' was fined for not being a lawyer
OpenAI plans to switch to a for-profit mode, California's 'click to cancel' subscription bill is signed into law, and DoNotPay 'robot lawyer' was fined by the FTC for not being a lawyer. It's Thursday, September 26th and this is Engadget News.
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7m 32s
Jan 2025
OpenAI's For-Profit Future: What It Means
In this episode, Jamie and Jaeden discuss OpenAI's controversial transition from a nonprofit to a for-profit company, exploring the implications of this shift, the legal challenges it faces, and the future of its mission in the realm of artificial intelligence. They delve into th ... Show More
14m 50s