This week was quite an eventful one for the tech world, with OpenAI’s ChatGPT making headlines for closing a share sale for $300 million that valued the company at between $27 billion and $29 billion. In the backdrop of this development, came the news of Meta CEO Mark Zuckerberg’s wealth surging to $87 billion thanks to layoffs in the company.
Tech tycoon Elon Musk also saw some movement, introducing a new policy on Twitter – taking a 10% cut on content subscription after the first year – that had mixed reactions from tech followers.
Microsoft announced that the current version of Windows 10 will be its last, while Twitter co-founder Jack Dorsey offered a sharp reaction to Musk’s $44-billion acquisition of the social media site. Musk’s plan of charging consumers per article was also met with much anticipation.
Apple has been in the news for its back-to-office drive that has resulted in some employees feeling negatively about CEO Tim Cook’s strategies. Meanwhile, OpenAI’s chatbot was reactivated in Italy after the company addressed some of the data protection authority’s issues.
OpenAI is a technology company based in San Francisco, California as of 2020. It is a black box artificial intelligence lab focusing on researching and creating AI programs that value safety and security, with the goal of creating safe AI systems that can work with complex scenarios. The company has seen growth with its ChatGPT chatbot, which has had strong appeal for users due to its ability to comprehend natural language with intelligence. CEO, Sam Altman, and investors such as LinkedIn Co-Founder, Reid Hoffman are backing the company.
Mark Zuckerberg is the CEO and co-founder of Meta and Facebook. Zuckerberg is not only an important player in the tech industry, but also in the world of finance, as his wealth is currently over $87 billion. In recent times, Zuckerberg has spearheaded a number of key initiatives for Meta, such as the development of Oculus virtual reality headset, and its Portal home products. Additionally, Zuckerberg is an activist for immigration reform and was an early proponent of the immigration advocacy group, FWD.us. With his current status as a wealthy investor, Zuckerberg continually seeks new ways to invest in and support the technology world.
