OpenAI's Rollercoaster Week

OpenAI's Rollercoaster Week: CEO Ousted and Reinstated Amidst Employee Uprising

OpenAI, the organization behind the immensely popular AI bot ChatGPT, experienced a whirlwind of changes over the past week. On November 17, the company made headlines by parting ways with its dynamic CEO, Sam Altman. In a span of five eventful days filled with drama, OpenAI made another announcement: Altman would be making a comeback, leading a significant overhaul of the company's board.

Sam Altman, a co-founder of OpenAI and a prominent figure in the AI industry, had been at the helm as CEO since 2019. Under his leadership, the company secured a substantial investment of approximately $13 billion from Microsoft. Notably, Microsoft utilizes OpenAI's technology to enhance its Bing search engine.

Following Altman's initial removal, Microsoft extended an offer for him to lead a newly established advanced AI research team. The plot thickened as hundreds of OpenAI employees expressed their solidarity by signing a letter, threatening to join Altman at Microsoft unless he was reinstated. Ultimately, this collective stance played a pivotal role in Altman's return to OpenAI, marking a significant chapter in the company's recent history.

2. Anthropic Unveils Claude 2.1: A Game-Changing Chatbot Update Amidst OpenAI's Turmoil

Amidst an ongoing existential crisis at OpenAI, Anthropic, the AI startup backed by Google and founded by former OpenAI engineers who departed due to differences in the company's growing commercial focus and Microsoft partnership, has unveiled a significant update to its chatbot, Claude 2.1.

The latest announcement highlights that Pro tier users can now input up to 200,000 tokens at once, equivalent to processing over 500 pages of material. This enhancement showcases Anthropic's commitment to advancing the capabilities of its chatbot in response to user needs.

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3. Wipro and NVIDIA Collaborate to Accelerate Adoption of Generative AI in Healthcare

Wipro Limited has partnered with NVIDIA to expedite the integration of generative artificial intelligence (gen AI) in healthcare. Through the utilization of NVIDIA AI Enterprise software, Wipro aims to enhance its existing healthcare solutions, focusing on Affordable Care Act (ACA), Medicare, and Medicaid. The collaboration aims to improve member experience, boost enrollment, and streamline claims adjudication, offering healthcare organizations easier access to large language models powered by NVIDIA AI Enterprise, leading to heightened productivity, enhanced member intelligence, and improved operational efficiencies.

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AI funding

• Israel-based AI startup AI21 announced the completion of its Series C funding round, securing an additional $53 million. This brings the total for the Series C round to $208 million and the overall capital raised by AI21 to $336 million, valuing the company at $1.4 billion. Intel Capital and Comcast Ventures, the venture arms of Intel and Comcast, contributed the latest funds, joining previous investors such as Google and NVIDIA. The fresh financing will empower AI21 to further extend its global provision of AI technology, expand its range of activities, and facilitate the recruitment of approximately 100 additional employees by the end of 2024.

• Lasso Security, pioneers in cybersecurity for Large Language Models (LLMs), revealed that they have successfully secured a $6 million seed funding round. The funding was spearheaded by Entrée Capital, with the involvement of Samsung Next.