Technology

OpenAI raises $6.6B and is now valued at $157B

Published

5 hours ago

October 2, 2024

OpenAI CEO Sam Altman speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California.

ChatGPT maker OpenAI has closed the largest VC round of all time.

The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money. Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion, per Crunchbase.

Thrive invested around $1.3 billion, per The New York Times, with an exclusive option to invest up to $1 billion more at the same valuation (through 2025). Microsoft, Nvidia, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, and MGX also participated in the fundraising.

“The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems,” the company wrote in a blog post. “We’re grateful to our investors for their trust in us, and we look forward to working with our partners, developers, and the broader community to shape an AI-powered ecosystem and future that benefits everyone.”

There may be unusual strings attached. This morning, the Financial Times reported that OpenAI asked investors to avoid backing rival startups such as Anthropic and xAI. We’ve reached out to the company for more information and will update this post when we hear back.

OpenAI was already the world’s best-funded AI startup. But the mammoth new tranche puts the San Francisco company in a category all its own.

Elon Musk’s AI venture, the aforementioned xAI, raised over $6 billion earlier this year, but at a valuation dwarfed by OpenAI’s ($24 billion post-money). Chief OpenAI rival Anthropic has secured just over half OpenAI’s total ($9.7 billion) since its founding, while high-profile AI ventures Cohere and Mistral’s capital war chests are hovering around $1 billion.

So why did OpenAI need to raise more cash than the government of Zimbabwe spent in 2021? Well, quite simply, to sustain its sprawling operations. OpenAI is reportedly burning through billions training and productizing its AI systems — systems like the recently debuted o1 — and recruiting coveted data science talent to stay apace with the competition.

According to The Information, OpenAI has spent roughly $7 billion on model training and $1.5 billion on staffing. (OpenAI CEO Sam Altman has said that one of the company’s older leading models, GPT-4, cost more than $100 million to train.) And at one point in time, ChatGPT alone was said to be costing OpenAI $700,000 a day to run.

OpenAI is far and away the market leader in generative AI. ChatGPT has more than 250 million users (around 10 million of which are paying subscribers), and OpenAI’s annualized revenue has reportedly eclipsed $3.4 billion. ChatGPT alone could bring in $2.7 billion this year, The New York Times reports, citing internal OpenAI docs.

Microsoft, OpenAI’s close partner and investor (it’s put in over $13 billion), has built an entire suite of productivity products on top of OpenAI models. And Apple is integrating ChatGPT with its Apple Intelligence lineup of AI technology.

OpenAI optimistically projects its revenue will reach $100 billion in 2029 — matching the current annual sales of Nestlé. But it faces competition on many fronts.

Startups like Runway and Luma Labs have beat OpenAI to market with high-fidelity video generation models. (OpenAI’s own video model, Sora, is expected to launch sometime this fall.) Anthropic continues to build out an AI product suite to rival ChatGPT. xAI, Google and Amazon are investing heavily in infrastructure to train powerful next-generation models, and Meta — along with upstarts such as Black Forest Labs — continue to release open models on their quest to commoditize text- and image-generating AI.

The competitive pressures are such that OpenAI may steeply increase the price of its premium ChatGPT plan, ChatGPT Plus, from $20 per month to $44 per month by 2029 — and revamp its corporate structure to attract more investments.

The for-profit division of OpenAI is currently governed by a nonprofit that caps investors’ returns. But Altman is said to have signaled that OpenAI will move away from nonprofit governance in the next few months. Reuters reported earlier that the close of the $6.6 billion round was contingent on this, in fact — and Altman possibly receiving equity.

According to Bloomberg, investors in the new round will be able to claw back their cash if OpenAI doesn’t complete the conversion from nonprofit to for-profit within two years.

Unfettering its ability to raise could give OpenAI greater freedom to explore capital-intensive, longer-term bets, like AI chips — and entire datacenters — to lessen its reliance on Nvidia. (Nvidia makes the hardware on which OpenAI trains and runs many of its models.) It’ll also refill the company’s coffers to ink licensing agreements with data providers such as Reddit and Condé Nast — agreements that could give OpenAI a competitive edge while at the same time shielding it from IP lawsuits.

Whether it’ll be able to execute is another question. OpenAI’s been shedding high-profile execs in recent weeks, the culmination of disagreements over the company’s direction.

CTO Mira Murati, chief research officer Bob McGrew, and research VP Barret Zoph announced their resignations in late September. Prominent research scientist Andrej Karpathy left OpenAI in February; months later, OpenAI co-founder and former chief scientist Ilya Sutskever quit, along with former safety leader Jan Leike. In August, co-founder John Schulman said he would leave. And Greg Brockman, OpenAI’s president, is on sabbatical through the end of the year.

Of the 13 people who helped found OpenAI in 2015, only three remain.

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Servers computers

Dell PowerEdge R710 Rack Server – Specification, Features & Benefits

Published

3 mins ago

October 2, 2024

NewsAdmin

Dell PowerEdge R710 Rack Server - Specification, Features & Benefits

#BuyDellServer #DellServerOnline #BuyDellR710Refurb

For complete information on Dell PowerEdge R710 Rack Server, Please Contact Us at:

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Email: sales@serverbasket.com
Toll-Free No: 1800 123 1346
Whatsapp: +91 8886001858

Check out the Powerful Dell PowerEdge R710 Rack Server.
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Dell PowerEdge R710 Rack Server Is Optimal for Start-Ups & SME Businesses.

*Key Benefits:*
– Dell Quality Hardware
– Quick Performance
– Strong IT Foundation for SMEs
– Lifecycle Controller
– Purposeful Design
– Easy To Use
– End-To-End Remote Management
– Enhanced Virtualization
– Best Price in Market
– Instant Delivery
– Quick Support

Dell PowerEdge R710 Rack Server Specifications:

CPU Capacity:
Dual Core Server Compatible with Intel Xeon 5500 & 5600 Series
Single CPU = 6 Cores Max
Dual CPU = 12 Cores Max
Max VCPUs: 24 VCPUs

RAM Capacity:
Inbuilt 18 DIMM Slots
16GB Max Memory Per DIMM Slot
288 GB Maximum Memory Capacity
Supported Technology: DDR3 Memory

Storage Capacity:
Up 8 SATA/SAS HDD & SSD (2.5″ or 3.5″)
Max Potential: 18TB Storage

Raid Controller:
Internal:
PERC H200 (6Gb/s)
PERC H700 (6Gb/s) with 512MB
PERC 6/i

External:
PERC H800 (6Gb/s) with 512MB
PEC 6/E

Power Supply:
2 Hot-Plug Energy Smart of 570W
OR
2 Hot-Plug High Output of 870W

Additional Features:
4 PCIe G2 Slots + 1 Storage Slot
4 – 1 GBPS LAN Ports

Ready For Virtualization:

– VMWare vSphere
– HyperV
– VMWare ESXi
– KVM
– Red Hat
– Citrix XenServer

Check out the Powerful Dell PowerEdge R710 Rack Server. .

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Technology

AIs are more likely to mislead people if trained on human feedback

Published

20 mins ago

October 2, 2024

NewsAdmin

Illustration of a chatbot icon on a digital blue wavy background

Giving AI chatbots human feedback on their responses seems to make them better at giving convincing, but wrong, answers.

The raw output of large language models (LLMs), which power chatbots like ChatGPT, can contain biased, harmful or irrelevant information, and their style of interaction can seem unnatural to humans. To get around this, developers often get people to evaluate a model’s responses and then fine-tune it based on this feedback.

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Servers computers

Transforming 27U Server Rack into 42U Clean Cable Routing Upgrade Your Server Rack From 27U to 42U

Published

34 mins ago

October 2, 2024

NewsAdmin

Transforming 27U Server Rack into 42U Clean Cable Routing Upgrade Your Server Rack From 27U to 42U

In this video, we will show you how to upgrade your 27U server rack into a 42U rack with proper cable management. If you’re running out of space in your current setup, this DIY project is the perfect solution to maximize your storage capacity while keeping your cables organized and easily accessible.

We’ll walk you through the step-by-step process of transforming your server rack and implementing efficient cable routing techniques. You’ll learn how to install new rack rails, adjust the mounting depth, and properly secure your equipment. We’ll also show you some tips and tricks for cable management, including cable ties, velcro straps, and cable raceways.

Whether you’re a professional IT technician or a DIY enthusiast, this video is packed with valuable information and practical advice. Join us as we take your server rack to the next level with clean and efficient cable management!
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Technology

Prime Big Deal Days is a week away, but this Blink camera pack is 62% off already

Published

41 mins ago

October 2, 2024

NewsAdmin

Prime Big Deal Days is a week away, but this Blink camera pack is 62% off already

The Blink Outdoor Camera 4 mounted on a brick wall. — Blink

Full Prime Day deals may not kick off until October 8 courtesy of the Amazon Prime Big Deal Days event, but that hasn’t stopped Amazon cutting the price on some highly sought after technology. In particular, it currently has the Blink Outdoor 4 3-camera system reduced by a massive 62%. Normally $260, it’s down to $100 for a limited time, making today an unmissable time to buy. One of the best Prime Day security camera deals around, it’s hard to find better value elsewhere. If you’re keen to secure your home, read on while we take you through what to expect.

Why you should buy the Blink Outdoor 4 3-camera system

Launched in 2023, the Blink Outdoor 4 is one of the company’s newer additions, building on the success of the previous model. The fourth generation of wire-free smart security camera, it’ll keep you aware of everything going on outside your home.

At all times, you can use its enhanced motion detection with dual zones to ensure you can see what’s happening nearby. Besides motion detection, the Blink Outdoor 4 will also recognize when a person is around so you know what you’re dealing with or who’s calling. Through two-way audio, you can easily speak to them too without needing to move from the spot. Picture quality is good at 1080p HD, and there’s infrared night vision for when the light goes low.

If you check out the differences between the Blink Outdoor 4 and Blink Outdoor 3, you’ll notice that they are reasonably subtle, but at this price there’s no need to go one step backwards. You’re snagging one of the best home security cameras in a deal that includes three cameras, so you can easily cover your home and yard. The Blink Outdoor 4 works with Alexa so you can use voice controls to engage live view, arm or disarm the system, and more. It’s a well-rounded yet surprisingly simple system.

The Blink Outdoor 4 3-camera system normally costs $260, but right now it’s enjoying a huge price drop thanks to Amazon’s forthcoming Big Deal Days event. That means it’s down to only $100, so you’re saving 62% off the setup. If now is the time for you to arm your home with better security, snap up this deal before it ends very soon.

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Technology

Microsoft’s patent hints at a 360-degree foldable device

Published

1 hour ago

October 2, 2024

NewsAdmin

The foldable smartphone market recently took a giant leap with the launch of the first-ever tri-folding smartphone, the Huawei Mate XT Ultra Design. Rumors also suggest that companies like HONOR and Xiaomi are already working on similar designs. Now, it seems we may have a new contender in the foldable market and it’s none other than Microsoft. A new patent filed by Microsoft reveals its intentions of jumping into the foldable battle with a 360-degree foldable device.

Microsoft’s patent reveals details and sketches of a 360-degree foldable device

Yesterday, folks over at MSPowerUser spotted a 38-page patent published on the US Patent and Trademark Office (USPTO) website. It should be noted that the patent was filed by Microsoft back in February 2021. Interestingly, the patent showcases a 360-degree foldable device that Microsoft could be planning to land on the market.

Microsoft’s patent further reveals that the device can double up as a tablet, a laptop, or other computing devices. The 360-degree foldable device includes a rear cover, a glass layer, and a light-emitting layer placed in between. There are special slots in both the cover glasses and the backplate that allow them to bend smoothly without any creases when folded.

What’s more interesting is that this foldable device folds in different directions. In simple words, this allows display panels on the left and right sides to face each other and turn away from each other. The folding mechanism is somewhat similar to that of Microsoft Surface Duo 2. But unlike the Surface Duo 2 which had visible hinges that join two separate screens, this one has a unified hinge mechanism similar to that of the Galaxy Z Fold 6.

Time will tell if we’ll ever see this device

Microsoft in its patent mentions that the 360-foldable device utilizes laser modification and wet etching techniques to provide smooth transitions allowing it to rotate without any creases. Besides, this also allows for maintaining the structure of the touch display module. It is worth noting that the device can be folded in 0, 180, 300, and 360 degrees.

All that said, it is an interesting design choice by Microsoft, especially when most foldable these days fold inwards. We can’t confirm if or when will Microsoft launch this 360-foldable device in the market. Moreover, if Microsoft pulls off this design, it could be a groundbreaking tech product to rule the foldable segment.

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Servers computers

12U Knock-Down Server Rack Cabinet with Casters – RK1236BKF | StarTech.com

Published

1 hour ago

October 2, 2024

NewsAdmin

12U Knock-Down Server Rack Cabinet with Casters - RK1236BKF | StarTech.com

This server rack provides 12U of storage space in a sleek secure cabinet for storing EIA-310 compliant 19” rackmount devices such as Dell, HP and IBM servers along with telecommunication and A/V equipment. The rack creates a robust storage solution supporting a total load capacity of 800 kg. (1763.7 lbs.).