Analytics India Magazine reported that ChatGPT website has seen a continuous user decline in the first six months of the year….reports Asian Lite News
ChatGPT maker OpenAI is likely to go bankrupt by the end of 2024 if it doesn’t get more funding soon, according to media reports.
Analytics India Magazine reported that ChatGPT website has seen a continuous user decline in the first six months of the year.
The users declined to 1.5 billion in July from 1.7 billion in June and 1.9 billion in May, revealed data from analytics company SimilarWeb. This also doesn’t include APIs or the ChatGPT mobile app.
While one theory holds that in May students were out of school, the other says that people started building their own bots, instead of using the original offering.
“I am no longer allowed to use ChatGPT at work, but we have developed our own internal model based on ChatGPT,” a user said in a tweet.
Another issue is that after OpenAI developed ChatGPT, which has created a ruckus in the job market over fears that it may replace human creativity, its losses have doubled to around $540 million last year, according to a report by The Information in May.
This comes even as ChatGPT reportedly costs a whopping $700,000 (Rs 5.80 crore) per day to operate.
Even OpenAI CEO Sam Altman had admitted in a tweet that “compute costs are eye-watering”.
A recent report by Investopedia claimed that it is too early for any AI leading company, like OpenAI, Anthropic, or Inflection, to head into the initial public offering (IPO) market.
“It is because it takes at least 10 years of operation and $100 million in revenue for an IPO to be successful,” the report said.
In addition, billionaire Elon Musk is also increasing pressure with claims of building a rival chatbot.
While Microsoft-backed OpenAI has projected an annual revenue of $200 million in 2023, and aims to reach $1 billion in 2024, its losses are mounting. It is majorly surviving on Microsoft’s $10 billion investment.
A recent report by Investopedia claimed that it is too early for any AI leading company, like OpenAI, Anthropic, or Inflection, to head into the initial public offering (IPO) market…reports Asian Lite News
ChatGPT maker OpenAI is likely to go bankrupt by the end of 2024 if it doesn’t get more funding soon, according to media reports.
Analytics India Magazine reported that ChatGPT website has seen a continuous user decline in the first six months of the year.
The users declined to 1.5 billion in July from 1.7 billion in June and 1.9 billion in May, revealed data from analytics company SimilarWeb. This also doesn’t include APIs or the ChatGPT mobile app.
While one theory holds that in May students were out of school, the other says that people started building their own bots, instead of using the original offering.
“I am no longer allowed to use ChatGPT at work, but we have developed our own internal model based on ChatGPT,” a user said in a tweet.
Another issue is that after OpenAI developed ChatGPT, which has created a ruckus in the job market over fears that it may replace human creativity, its losses have doubled to around $540 million last year, according to a report by The Information in May.
This comes even as ChatGPT reportedly costs a whopping $700,000 (Rs 5.80 crore) per day to operate. Even OpenAI CEO Sam Altman had admitted in a tweet that “compute costs are eye-watering”.
A recent report by Investopedia claimed that it is too early for any AI leading company, like OpenAI, Anthropic, or Inflection, to head into the initial public offering (IPO) market.
“It is because it takes at least 10 years of operation and $100 million in revenue for an IPO to be successful,” the report said. In addition, billionaire Elon Musk is also increasing pressure with claims of building a rival chatbot.
While Microsoft-backed OpenAI has projected an annual revenue of $200 million in 2023, and aims to reach $1 billion in 2024, its losses are mounting. It is majorly surviving on Microsoft’s $10 billion investment.
Reacting to his post, a number of users praised the new ChatGPT updates. A user wrote, “Great updates. Would love the ability to search through the history”…reports Asian Lite News
Microsoft-owned OpenAI’s first developer advocate and developer relations expert — Logan Kilpatrick, has posted on X (formerly Twitter) that a “huge set of ChatGPT updates are rolling out over the next week”.
Among the new features Kilpatrick highlighted are example prompts, suggested replies and follow-up questions, a default GPT-4 setting so that paying ChatGPT Plus subscribers don’t have to toggle on the latest/most advanced publicly available OpenAI large language model (LLM) every time they start a new chat, support for multiple file uploads for all Plus users when using the OpenAI Code Interpreter plugin, and more.
Reacting to his post, a number of users praised the new ChatGPT updates. A user wrote, “Great updates. Would love the ability to search through the history”.
“Everyone wants this and I hope it lands eventually! Search is live in iOS btw,” Kilpatrick replied. “These are great changes, congrats to the team! If possible, please consider making the pages translated and localised. Most people know that we can interact with it in many languages, but the landing pages and interaction pages are a major hurdle to people that don’t speak English,” another user said.
One more user commented, “Very solid updates. Love the default/suggested prompts! Text-based interfaces are very powerful but users still don’t like looking at an empty text box. Much better for AI-powered apps to present users with context-aware suggestions that can be customised as needed”. Last month, OpenAI introduced a new ‘customised instructions’ feature for ChatGPT, that allows users to share anything with the artificial intelligence (AI)-chatbot for future conversations.
“Custom instructions are currently available in Beta for Plus users, and we plan to roll out to all users soon,” the company said in an article. Users can edit or delete custom instructions at any time for new conversations.
The lawsuit alleged that chatbot never bothered to “reproduce any of the copyright management information Plaintiffs included with their published works.”…reports Asian Lite News
Comedian and author Sarah Silverman, along with authors Christopher Golden and Richard Kadrey, have sued Sam Altman-run OpenAI and Mark Zuckerberg-owned Meta over dual claims of copyright infringement.
The lawsuits alleged that OpenAI’s ChatGPT and Meta’s LLaMA (a set of large language models) were trained on illegally-acquired datasets containing their works.
Their works were allegedly acquired from “shadow library” websites like Bibliotik, Library Genesis, Z-Library, and others, noting the books are “available in bulk via torrent systems,” reports The Verge.
“When ChatGPT is prompted, ChatGPT generates summaries of plaintiffs’ copyrighted works — something only possible if ChatGPT was trained on Plaintiffs’ copyrighted works,” the lawsuit claimed.
The lawsuit alleged that chatbot never bothered to “reproduce any of the copyright management information Plaintiffs included with their published works.”
In a separate lawsuit against Meta, it alleged the authors’ books were accessible in datasets Meta used to train its LLaMA models.
“Many of Plaintiffs’ copyrighted books appear in the dataset that Meta has admitted to using to train LLaMA,” it read.
Silverman owns a registered copyright in one book, called The Bedwetter while Golden owns registered copyrights in several books, including Ararat. Kadrey owns registered copyrights in several books, including ‘Sandman Slim’.
In both lawsuits, the authors said that they “did not consent to the use of their copyrighted books as training material” for the companies’ AI models.
Each lawsuit contains six counts of copyright violations, negligence, unjust enrichment, and unfair competition.
The authors are looking for statutory damages, restitution of profits, and more. Meta or OpenAI did not comment on the lawsuits.
The suits alleges, among other things, that OpenAI’s ChatGPT and Meta’s LLaMA were trained on illegally-acquired datasets containing their works, which they say were acquired from “shadow library” websites like Bibliotik, Library Genesis, Z-Library, and others, noting the books are “available in bulk via torrent systems”.
In a separate lawsuit against Meta, it alleged the authors’ books were accessible in datasets Meta used to train its LLaMA models….reports Asian Lite News
Comedian and author Sarah Silverman, along with authors Christopher Golden and Richard Kadrey, have sued Sam Altman-run OpenAI and Mark Zuckerberg-owned Meta over dual claims of copyright infringement.
The lawsuits alleged that OpenAI’s ChatGPT and Meta’s LLaMA (a set of large language models) were trained on illegally-acquired datasets containing their works.
Their works were allegedly acquired from “shadow library” websites like Bibliotik, Library Genesis, Z-Library, and others, noting the books are “available in bulk via torrent systems,” reports The Verge.
“When ChatGPT is prompted, ChatGPT generates summaries of plaintiffs’ copyrighted works — something only possible if ChatGPT was trained on Plaintiffs’ copyrighted works,” the lawsuit claimed.
The lawsuit alleged that chatbot never bothered to “reproduce any of the copyright management information Plaintiffs included with their published works.”
Facebook meta.(photo:Pixabay.com)
In a separate lawsuit against Meta, it alleged the authors’ books were accessible in datasets Meta used to train its LLaMA models.
“Many of Plaintiffs’ copyrighted books appear in the dataset that Meta has admitted to using to train LLaMA,” it read.
Silverman owns a registered copyright in one book, called The Bedwetter while Golden owns registered copyrights in several books, including Ararat.
Kadrey owns registered copyrights in several books, including ‘Sandman Slim’.
In both lawsuits, the authors said that they “did not consent to the use of their copyrighted books as training material” for the companies’ AI models.
Each lawsuit contains six counts of copyright violations, negligence, unjust enrichment, and unfair competition.
The authors are looking for statutory damages, restitution of profits, and more.
Meta or OpenAI did not comment on the lawsuits.
The suits alleges, among other things, that OpenAI’s ChatGPT and Meta’s LLaMA were trained on illegally-acquired datasets containing their works, which they say were acquired from “shadow library” websites like Bibliotik, Library Genesis, Z-Library, and others, noting the books are “available in bulk via torrent systems”.
Altman, CEO of ChatGPT developer OpenAI, said that they see this expansion as an opportunity to attract world-class talent and drive innovation in AGI development and policy…reports Asian Lite News
Sam Altman-run OpenAI is expanding beyond the US with opening a new office in London as part of its global expansion plans.
London is the home base of DeepMind, Google’s largest AI research division.
The first international office in London, said OpenAI, signifies a milestone in OpenAI’s growth, “showcasing our commitment to broaden the scope of our operations, bring in diverse perspectives, and accelerate our mission of ensuring that artificial general intelligence (AGI) benefits all of humanity”.
Altman, CEO of ChatGPT developer OpenAI, said that they see this expansion as an opportunity to attract world-class talent and drive innovation in AGI development and policy.
“We’re excited about what the future holds and to see the contributions our London office will make towards building and deploying safe AI,” he said in a statement.
The teams in London will focus on advancing OpenAI’s leading-edge research and engineering capabilities while collaborating on its mission with local communities and policy makers.
“We are eager to build dynamic teams in Research, Engineering, and Go-to-Market functions, as well as other areas, to reinforce our efforts in creating and promoting safe AGI,” said Diane Yoon, OpenAI’s VP of People.
More than 1,300 AI companies are based in London and the city was the top-funded in the UK in terms of venture capital invested, reports said recently.
Altman said he had talks with many leaders on the issue during his trip, and South Korea can play a role in the global conversation to shape a new global framework….reports Asian Lite News
The head of US artificial intelligence company OpenAI, Sam Altman, said he is ready to invest in promising startups in South Korea, where its global sensation chatbot ChatGPT has been rapidly and widely used.
“We love to support people building on our platform. Some of our teams here today are happy to help with that,” Sam Altman, CEO of OpenAI, said during a meeting with Korean businesspeople in Seoul. “We’re exploring investing more in Korean startups. And we’d be very excited to explore the joint chip collaborations to develop AI accelerators.”
Before working with the Microsoft-backed OpenAI, Altman said he had run a firm that invests in startups and had success in funding deep tech firms, reports Yonhap news agency.
“It was my great passion in investing. I really want to see a lot more of that in the world,” he added.
The 38-year-old American businessman is on a world tour, meeting political and business leaders in several countries, including the United Arab Emirates, India and South Korea.
He said he was impressed by Korean people’s reception of up-to-date AI technology led by ChatGPT and interested in their innovative products, both software and hardware.
“Korea is one of the places in the world that has adopted OpenAI most the earliest, use it the most creatively. It’s amazing to see what people are doing here,” he said. “Those two combined with the culture of innovation and what’s happening with the use of AI, particularly OpenAI, make us very excited to collaborate more deeply with the country.”
Since OpenAI launched ChatGPT 3.5 late last year, people were amazed by the content-creating generative AI technology. At the same time, talks about its future and threat to humans have also come into the spotlight across the world.
Some countries led by the European Union have been moving to regulate generative AI technologies and services, while South Korea has been working on a rule to foster AI products and place liability on service providers in a less restrictive way.
Altman said he had talks with many leaders on the issue during his trip, and South Korea can play a role in the global conversation to shape a new global framework.
“We are on a very exponential curve and the systems may be not of tomorrow, but of 20 or 30 years,” he said. “We really hope Korea will participate in that too.”
Yoon, Altman discuss ways to boost AI cooperation
South Korean President Yoon Suk Yeol met with Sam Altman, CEO of OpenAI, the creator of ChatGPT, to discuss a variety of topics regarding artificial intelligence (AI) technologies.
“ChatGPT is stirring up a global sensation,” Yoon told Altman, who is traveling to meet political and tech leaders around the world.
“I asked ChatGPT some questions when writing up my New Year’s speech and got some very decent results,” Yoon said.
Altman suggested South Korea, one of the world’s most active users of ChatGPT, can help advance technologies that power the AI chatbot even further, partly by producing more advanced chips, reports Yonhap news agency.
Collaborating with the country, home to the world’s two largest memory chip makers, Samsung Electronics and SK hynix, is important, the CEO said, as ChatGPT needs a vast amount of memory chips and demand for such semiconductors will continue to rise.
Altman also called on South Korea to reduce regulations on AI products and services, and actively participate in setting up international standards.
Yoon agreed on the need to set up global standards to prevent side effects associated with ChatGPT, at a time when the pace of technology development is so fast.
It experienced an even bigger leap the month before when it jumped 24 positions from being the world’s 51st most visited website to ranking at number 27…reports Asian Lite News
OpenAI, the creator of AI-powered conversational chatbot ChatGPT, is rapidly nearing one billion unique visitors per month on its website, making it the fastest-growing website among the top 50 most visited sites on the planet, a new report said on Thursday.
According to the US-based SaaS Webflow design and performance marketing agency VezaDigital, OpenAI’s website openai.com grew by 54.21 per cent in traffic volume within a month.
The agency analysed traffic statistics for the top 50 websites with the highest total number of visits in March, based on data from Similarweb (an Israel-based software & data company).
“The ChatGPT phenomenon spread like wildfire at the end of 2022 and we expect it to soon break all records of being the fastest-ever website to reach 1 billion monthly active users in such an incredibly short space of time,” said Stefan Katanic, CEO of Veza Digital.
Moreover, the report mentioned, a total of 847.8 million unique visitors accessed OpenAI’s website throughout March, meaning it climbed nine positions in the global ranking to number 18.
It experienced an even bigger leap the month before when it jumped 24 positions from being the world’s 51st most visited website to ranking at number 27.
“We believe that AI will play a big role in over 50 per cent of businesses in the next five years, as such we are even looking to embrace this technology advancement in our daily operations as well as strategically geo-positioning of our company,” Katanic said.
OpenAI already surpassed the one-billion-visit milestone in February of this year, and it is expected to reach 1.6 billion visits in March.
Every ninth visitor comes from the US, which is the website’s primary source of traffic, the report stated.
OpenAI’s skepticism is centred on the EU law’s designation of “high risk” AI systems. Altman said that he was worried about the risks stemming from AI…reports Asian Lite News
OpenAI CEO Sam Altman has threatened to quit the European Union (EU) if regulators continue with its crucial artificial intelligence (AI) law in its current form.
The law is undergoing revisions and may require large AI models like OpenAI’s ChatGPT and GPT-4 to be designated as “high risk”, Time reported.
Speaking on the sidelines of a panel discussion at University College London, Altman said they could “cease operating” in the EU if unable to comply with the new AI legislation.
“Either we’ll be able to solve those requirements or not. If we can comply, we will, and if we can’t, we’ll cease operating. We will try. But there are technical limits to what’s possible,” Altman was quoted as saying. “We’re going to try to comply,” he added.
OpenAI’s skepticism is centred on the EU law’s designation of “high risk” AI systems. Altman said that he was worried about the risks stemming from AI.
For example, AI-generated disinformation could have an impact on the upcoming 2024 US election, he warned. However, social media platforms were more important drivers of disinformation than AI language models.
“You can generate all the disinformation you want with GPT-4, but if it’s not being spread, it’s not going to do much,” he was quoted as saying in the report. Earlier this week, the OpenAI CEO said now is a good time to start thinking about the governance of superintelligence — future AI systems dramatically more capable than even artificial generative intelligence (AGI).
Altman stressed that the world must mitigate the risks of today’s AI technology too, “but superintelligence will require special treatment and coordination”.
Last week, Altman admitted that if generative artificial intelligence (AI) technology goes wrong, it can go quite wrong, as US senators expressed their fears about AI chatbots like ChatGPT.
Altman, who testified at a hearing in the US Senate in Washington, DC, said that the AI industry needs to be regulated by the government as AI becomes “increasingly powerful”.
OpenAI offers 10 grants worth $100K each to democratise AI
Microsoft-backed ChatGPT developer OpenAI has introduced 10 grants worth $100,000 each for building prototypes of “a democratic process for steering” artificial general intelligence (AGI).
The company said that its goal is to fund experimentation with methods for gathering nuanced feedback from everyone on how AI should behave.
“While these initial experiments are not (at least for now) intended to be binding for decisions, we hope that they explore decision relevant questions and build novel democratic tools that can more directly inform decisions in the future,” the company said in a statement late on Thursday.
The last date to apply for an OpenAI grant is June 24. Grant recipients are expected to implement a prototype, engaging at least 500 participants and will be required to publish a public report on their findings by October 20.
“The primary objective of this grant is to foster innovation in processes — we need improved democratic methods to govern AI behaviour,” OpenAI wrote. “We believe that decisions about how AI behaves should be shaped by diverse perspectives reflecting the public interest.”
AGI should benefit all of humanity and be shaped to be as inclusive as possible, according to OpenAI.
According to recent reports, Sam Altman-run OpenAI has closed a $175 million investment fund focused on empowering other AI startups, with backing from Microsoft and other investors.
OpenAI has already been investing in AI startups for some time.
OpenAI recently closed a more than $300 million share sale at a valuation between $27-$29 billion, according to the reports.
Altman says that users of tools like OpenAI’s Chat GPT should be able to opt out of their data being used…reports Asian Lite News
OpenAI CEO Sam Altman called for federal regulation of generative artificial intelligence tools on Tuesday. His suggestions sound a lot like laws already on the books in some US states.
“I think if this technology goes wrong, it can go quite wrong,” he told a Senate Judiciary Committee while testifying alongside IBM chief privacy and trust officer Christina Montgomery, and New York University professor emeritus Gary Marcus. “We want to work with the government to prevent that from happening.”
Altman said “at a minimum” that users of tools like OpenAI’s Chat GPT should be able to opt out of their data being used. He also said there needs to be transparency on when a chatbot is interacting with customers.
“People need to know if they are talking to an AI,” he said.
Some of these ideas are already in force at the state and local level. California, Colorado, Connecticut, Virginia and New York City outlaw AI “profiling,” unless a consumer consents.
The practice involves collecting or sharing personal data, such as work, health, and financial records, and relying on a AI tools to evaluate the data to make decisions that come with legal consequences, such as granting or denying applications for loans, insurance coverage, or housing.
The laws also require that businesses using the tools offer an opt out to consumers, and that businesses undergo risk assessments detailing for consumers the benefits and risks of an AI tool.
There are six states in total that have or will have laws on their books by the end of 2023 to prevent businesses from using AI to discriminate or deceive consumers and job applicants: California, Colorado, Connecticut, Illinois, Maryland, and Virginia.
Introducing some of these changes at a federal level will be challenging but Altman and the other panelists before the Senate Judiciary Committee aligned on the idea the US — and not just states — should provide needed safeguards.
Marcus said a nationwide licensing framework and an agency to enforce it would go a long way to curb harmful impacts of AI. And, he said, it should be put into place before full versions of the technology are introduced to the public. Montgomery, on the other hand, stopped short of support for a federal licensing body.
The panelists all said AI creators and operators should be required to make clear when personal data is collected and when content and communications are produced by AI.
artificial intelligence.(photo:Pixabay.com)
Another part of the problem, Marcus said, is that only Altman and his OpenAI team know how Chat GPT has been trained.
“What it is trained on has consequences for essentially the biases of the systems,” he said, “so we need transparency about that, and we probably need scientists in there doing analysis…these systems absorb a lot of data and what they say reflects that data.”
Christina Montgomery, IBM Chief Privacy & Trust Officer, testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.: Rules for Artificial Intelligence' on Capitol Hill in Washington, U.S., May 16, 2023. REUTERS/Elizabeth Frantz
Altman told lawmakers that Chat GPT and other AI systems should not be trained using personal data, though he acknowledged that personal data publicly available online has been incorporated into Chat GPT’s already-trained version 4 system.
The senators questioned whether licensing requirements are inadequate to police bad actors.
“Why not just make you liable in court and let people sue you,” Sen. Josh Hawley asked, suggesting that Congress could instead pass laws that give individuals a clear right to hold companies accountable for harmful AI products.
Altman said he understood existing laws to already provide for alleged victims to sue companies like OpenAI. However, Marcus said current statutes offer too little protection due to “gaps” in the law.
On Thursday, the European Union came closer to passing legislation to regulate AI tools. Its lawmakers agreed to strengthen draft legislation to include a ban on facial recognition in public spaces and more transparency around programming generative AI.
