PYMNTS-MonitorEdge-May-2024

OpenAI

AI Startup Sierra Aims to Raise $85 Million to Tackle Business ‘Problems’
AI Startup Sierra Aims to Raise $85 Million to Tackle Business ‘Problems’
January 26, 2024  |  Artificial Intelligence

Sierra, an enterprise-focused AI startup co-founded by OpenAI Chairman Bret Taylor and former Google executive Clay Bavor, is reportedly on the verge of achieving unicorn status with a new investment. Sequoia...

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This Week in AI: FTC, Partnerships and Enterprise Deployments
This Week in AI: FTC, Partnerships and Enterprise Deployments
January 26, 2024  |  Artificial Intelligence

Generative artificial intelligence tends to grow in leaps and bounds. And increasingly, so do the companies behind the technology, including Microsoft, which reached a market...

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Elon Musk’s xAI Aims to Raise $6 Billion
Elon Musk’s xAI Aims to Raise $6 Billion
January 26, 2024  |  artificial intelligence

Elon Musk’s AI startup, xAI, is reportedly in talks with investors worldwide, aiming to raise $6 billion in funding to compete with Microsoft-backed artificial intelligence...

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Google, Microsoft, NVIDIA and Others Join Federal Pilot to Democratize AI Access
Google, Microsoft, NVIDIA and Others Join Federal Pilot to Democratize AI Access
January 25, 2024  |  artificial intelligence

Artificial intelligence (AI) has captivated the world — but also spurred fears of industry capture.  After all, while AI has the potential to make information,...

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OpenAI Unveils New Models and Lower Price
OpenAI Unveils New Models and Lower Price
January 25, 2024  |  Artificial Intelligence

OpenAI introduced several additions to its artificial intelligence models and services. The firm unveiled new embedding models, application programming interface usage management tools and plans...

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FTC Probes Big Tech and GenAI Partnerships’ Impact on Competition
FTC Probes Big Tech and GenAI Partnerships’ Impact on Competition
January 25, 2024  |  Artificial Intelligence

The Federal Trade Commission has begun an inquiry into investments and partnerships in the generative artificial intelligence sector. The regulator has ordered Google parent company Alphabet, Amazon, Anthropic, Microsoft and OpenAI to provide information...

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Investor Optimism for AI Drives Microsoft Value to $3 Trillion
Investor Optimism for AI Drives Microsoft Value to $3 Trillion
January 24, 2024  |  artificial intelligence

Microsoft reached a market valuation of $3 trillion on Wednesday (Jan. 24), consolidating its position as one of the largest public stocks. The tech giant’s stock...

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How to Think About AI Regulation
How to Think About AI Regulation
January 24, 2024  |  David S. Evans

Every year, for the last 16 years, economists have come to Toulouse for the Digital Economics Conference to present cutting-edge research on just about everything digital. For...

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Demystifying AI: Why Putting a Humanizing Spin on AI’s Impact Will Get Businesses Nowhere
Demystifying AI: Why Putting a Humanizing Spin on AI’s Impact Will Get Businesses Nowhere
January 23, 2024  |  artificial intelligence

In October of 1950, British mathematician Alan Turing created what he called the Imitation Game. Turing’s journal article, first published in the Mind quarterly review...

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