The FinTech Hub
Source: Live Mint After much speculation for over a year, OpenAI is finally taking on Google and Microsoft Bing with the addition of search functionality in ChatGPT. The new search feature is backed by GPT-4o model and is a more evolved version of the SearchGPT prototype unveiled by the company earlier in the year. In…
Source: Live Mint Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn. In exchange,…
Source: Live Mint In a groundbreaking initiative, Microsoft and OpenAI, in collaboration with the Lenfest Institute for Journalism, have launched the AI Collaborative and Fellowship programme to help newsrooms adopt artificial intelligence (AI). Announced on Tuesday, the programme will see more than $10 million (approximately £8.3 million) provided in both direct funding and enterprise software…
Source: Live Mint OpenAI has finally released the Windows application for ChatGPT, ending the long wait for Windows users to try the chatbot via a native app. Notably, ChatGPT had already been available as a standalone app for Android, iOS, and macOS, but Windows users had to contend with either the built-in Copilot app or…
Source: Live Mint All these things are powered by artificial-intelligence (AI) models. Most rely on a neural network, trained on massive amounts of information—text, images and the like—relevant to how it will be used. Through much trial and error the weights of connections between simulated neurons are tuned on the basis of these data, akin…
Source: Live Mint When Meta, the parent company of Facebook, announced its latest open-source large language model (LLM) on July 23rd, it claimed that the most powerful version of Llama 3.1 had “state-of-the-art capabilities that rival the best closed-source models” such as GPT-4o and Claude 3.5 Sonnet. Meta’s announcement included a table, showing the scores…
Source: Live Mint Mira Murati, OpenAI’s Chief Technology Officer (CTO), announced her decision to step down from CTO post on Thursday, September 26, after more than six years of service. The woman, who has been a key figure behind the company’s most significant AI developments, announced her exit and explained that she is making this…
Source: Live Mint Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the…
Source: Live Mint OpenAI has released a new series of models codenamed o1 with ‘reasoning’ capabilities that are designed to spend more time before responding to users’ queries. The new model is immediately available for use and is said to have the ability to perform more complex tasks that were thought possible by previous models. …
Source: Live Mint Sam Altman led AI startup OpenAI has announced GPT-4o, the company’s most cost effective model to date. The model is being seen as an attempt by OpenAI to stay relevant with increasing competition from more deep pocketed rivals like Google and Meta. GPT-4o Mini (O stands for Omni), will replace GPT-3.5 Turbo…
