OpenAI is currently facing significant financial challenges. For example, in 2023, it was reported that to maintain its infrastructure and run its flagship product, OpenAI pays around $700,000 per day. However, in 2024, the company’s total spending on inference and training could reach $7 billion, driven…
OpenAI’s Ambitious Growth Strategy Comes with Steep Financial Risks
Internal financial projections from OpenAI reveal a high-stakes strategy that pairs aggressive revenue targets with substantial projected losses, according to a recent report by The Information. The company’s plans highlight both the immense potential and significant risks in the rapidly evolving AI sector. OpenAI Projects Massive…
ApertureData Secures $8.25M Seed Funding and Launches ApertureDB Cloud to Revolutionize Multimodal AI
ApertureData, a company at the forefront of multimodal AI data management, has raised $8.25 million in an oversubscribed seed round to drive the development and expansion of its groundbreaking platform, ApertureDB. The round was led by TQ Ventures with participation from Westwave Capital, Interwoven Ventures, and…
Using JPEG Compression to Improve Neural Network Training
A new research paper from Canada has proposed a framework that deliberately introduces JPEG compression into the training scheme of a neural network, and manages to obtain better results – and better resistance to adversarial attacks. This is a fairly radical idea, since the current general…
Competition Law as a tool for promoting AI innovation in the USA
USA leads in AI with the National AI Initiative Act and AI Bill of Rights, ensuring secure and ethical development….
China Telecom trains AI model with 1 trillion parameters on domestic chips
China Telecom, one of the country’s state-owned telecom giants, has created two LLMs that were trained solely on domestically-produced chips. This breakthrough represents a significant step in China’s ongoing efforts to become self-reliant in AI technology, especially in light of escalating US limitations on access to…
Many organisations unprepared for AI cybersecurity threats
While AI improves the detection of cybersecurity threats, it simultaneously ushers in more advanced challenges. Research from Keeper Security finds that, despite the implementation of AI-related policies, many organisations remain inadequately prepared for AI-powered threats. 84% of IT and security leaders find AI-enhanced tools have exacerbated…
10 Best AI Cover Letter Generators (October 2024)
Artificial Intelligence is being integrated throughout the job application process, and cover letters are no exception. As these documents remain crucial for showcasing personality and fit, AI-powered generators are emerging as valuable tools. These tools leverage advanced algorithms to create personalized, ATS-friendly cover letters in minutes,…
AKOOL Review: Turning into Jack Sparrow with Face Swap
Now more than ever, content creators face increasing demands to produce high-quality visuals quickly and efficiently. Did you know that two of the top content marketing challenges marketers face today are producing high-quality content and generating this content consistently? It’s no wonder, as popular platforms like…
How Agentic AI is Transforming Enterprises – Insights from the Forum Ventures Report
Forum Ventures, an early-stage B2B SaaS fund, accelerator, and AI venture studio, today announced the release of its latest comprehensive report, “2024: The Rise of Agentic AI in the Enterprise.” The report offers a detailed analysis of the current state and future trajectory of agentic AI,…