OpenAI will bring back Sam Altman and overhaul its board with new directors, a stunning reversal in a drama that’s transfixed Silicon Valley and the global AI industry.
It’s an open secret that generative AI is terrible at coming up with original and creative writing.
In many ways, that’s to be expected, given its inherent nature — machine learning systems typically churn through the internet and remix what they’ve gobbled up, often in nonsensical or uninspiring ways.
To remedy the situation, some of Silicon Valley’s biggest AI companies are now resorting to hiring poets and writers with humanity degrees, Rest of World reports, which is an ironic twist, considering publishers have been laying off writers and editors while making big investments in generative AI.
The share of U.S. venture funding going to companies in the San Francisco Bay Area hit a multiyear high this year, boosted largely by the AI boom.
Altogether, companies in the region pulled in $49.3 billion in seed through growth funding to date, per Crunchbase data. That represents approximately 41% of the entire U.S. total, the highest share in years.
Move over Perseverance, a new kind of robot is coming to town.
Technology stocks rallied Monday as an eventful weekend in the burgeoning artificial intelligence space and a hotly anticipated earnings report drove optimism, sending several notable stocks to their highest level on record.
The Nasdaq is on pace for its fourth-best month in a decade, boosted Monday by more AI optimism.
If you were offline this weekend, my colleague Will Douglas Heaven and I break down what you missed and what’s next for the AI industry.
What happened
Friday afternoon Sam Altman was summoned to a Google Meet meeting, where chief scientific officer Ilya Sutskever announced that OpenAI’s board had decided Altman had been “not consistently candid in his communications” with them, and he was fired. OpenAI president and cofounder Greg Brockman and a string of senior researchers quit soon after, and CTO Mira Murati became the interim CEO.
AGI (or Artificial General Intelligence) is something (in my view) everyone should know about and think about.