OpenAI, the renowned AI development firm, has closed a remarkable $10.3 billion funding round with investments from Tiger Global, Sequoia Capital, Andreessen Horowitz, and Thrive Capital. Microsoft is also investing a large sum in OpenAI, bringing the total investment to over $10 billion. GPT, ChatGPT, GPT-4 are OpenAI's proprietary products powering natural language processing, AI and analytics. OpenAI is helmed by three founders from top universities such Stanford & Harvard. This article takes a close look at the funding and evolution of OpenAI.
A recent study published by the National Bureau of Economic Research found OpenAI's GPT, a large language model and the foundation of ChatGPT, increased the productivity of Philippine contact center agents by 13.8%. It surveyed customer satisfaction, call efficiency and resolution rate. It additionally found highest productivity improvement (35%) observed among least experienced agents. These results could have ethical implications such as need for compensation for data given to AI by high-skill workers.
. Notion is an AI-powered writing assistant that allows users to take notes and write more efficiently. Developed by Ivan Zhao, this note-taking application is equipped with sophisticated AI and is backed by OpenAI to help train its models. It also encrypts data and strictly forbids any third-party or partner to use the gathered data for training. Notion is expanding its AI capabilities to its project management and knowledge base segments too. Get ready to see Notion's innovative approach to writing and note-taking revolutionize the market!
Mira Murati, CTO of OpenAI, has highlighted the need for government involvement in AI research. She noted the need for safety standards to be set for the application of AI models like ChatGPT & indicated that a proposed 6-month halt would not be helpful. Murati's expertise in AI, from Google to Stanford to Lux Capital, positions her as a trusted leader in the field.
. Robert Pearl, a professor at Stanford and former CEO of Kaiser Permanente, stresses the significance of ChatGPT, a sophisticated AI tool, for improving physician practices. He believes its influence is comparable to the invention of stethoscope, enabling faster and more accurate medical assistance. Compatibility with digital health records and creation of patient medical summaries make ChatGPT a valuable asset to the medical community; however, implementation requires extra caution and manual verification of AI consistency.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?