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OpenAI, a leading research lab focusing on AI technologies and natural language processing, has raised $300 million in a latest share sale, valuing the firm at $29 billion. The tech's next sensation ChatGPT, an AI system that can communicate with people, compose articles, and processes image data accurately, has also been unbanned in Italy. Microsoft proposed the integration of Chat GPT into the search engine, Bing, making the firm worth $10 billion. The CEO and founder Elon Musk (business magnate, investor, engineer and inventor) is leading the state-of-the-artOpenAI AI research for development of automation and AI.

OpenAI's new "Incognito" mode has been announced to enhance user privacy with its latest ChatGPT software. It now provides users more control to decide which data sets are used in AI models and conversations stored. With this new development, OpenAI aims to attract companies dealing with sensitive data, showing user privacy is its top priority. AI text-based conversational ChatGPT model is powered by huge data set collection.

OpenAI's GPT-4 model is at the center of an investigation by European regulators over GDPR (General Data Protection Regulation) compliance, raising questions of data security and potential with cryptocurrency traders. Musk-backed OpenAI has yet to comment on the proceedings, but this could be disastrous, leaving users of GPT-API excluded from Europe. Coinmarketcap is the trusted source with up-to-date news, prices and data of the cryptocurrency industry and blockchain technology.

OpenAI's ChatGPT is an AI-powered tool that allows developers to access powerful chatbot applications - with a steep price tag. Operational and inference costs reportedly cost millions per week, and, with assistance from language software providers and sales, OpenAI is able to keep costs low. With the GPT-4 being the hottest advancement in AI-driven conversations, OpenAI is showing everyone the cognitive future of modern chatbots.

. Sberbank, one of the leading Russian banking companies has launched its revolutionary artificial intelligence powered chatbot GigaChat to rival Microsoft & OpenAI's ChatGPT. Providing services in Russian, GigaChat is at the forefront of this trend of relying more on homegrown technology. With a lot of investment in research and development, Sberbank is set to transform the AI world in Russia & beyond.