🗞 OpenAI's Explosive Growth: Revenue Triples to $3.4 Billion 📈

🔎 The Latest on the AI Frontier:

• OpenAI's Revenue Soars: Tripling to $3.4 Billion 📈

• Apple's ChatGPT Deal: Powered by Distribution, Not Dollars 🤝

• Tesla Shareholders Sue Musk Over xAI Resource Diversion ⚖️

• Bill Gates' $1 Billion Nuclear Bet for AI Power Needs 🔋

• LeCun Warns AI Bill Could Stifle California's Tech Industry ✋

• LinkedIn Leverages OpenAI for Enhanced Job Search Features 🤝

• AI Candidate "Steve" Aims to Humanize UK Politics 🗳️

📈 OpenAI's annualized revenue has more than tripled from around $1 billion last summer to $3.4 billion, according to a report. Read More

• CEO Sam Altman reportedly shared the news with staff in a company-wide meeting on Wednesday.

• OpenAI, valued at $80 billion, is the most valuable AI startup in the world, far ahead of rivals such as Anthropic and Mistral AI.

• The company has faced criticism for allegedly prioritizing profits over AI safety and has been sued by news organizations over alleged copyright infringements.

🤝 Apple isn't paying OpenAI any money for bringing ChatGPT to Siri and other apps, instead offering mass distribution to hundreds of millions of devices. Read More

• Apple believes pushing OpenAI's brand and technology to its vast user base is of equal or greater value than monetary payments.

• The partnership gives OpenAI access to billions of Apple devices, but also threatens to significantly increase OpenAI's computing expenses, which are already high due to its use of Microsoft's Azure cloud servers.

• Apple is still in talks with Google to potentially add its Gemini chatbot as an alternative, and also announced its own AI technology called Apple Intelligence at WWDC.

⚖️ Tesla shareholders sue Elon Musk for allegedly diverting talent and resources to his AI startup xAI, breaching his fiduciary duty to the company. Read More

• The plaintiffs allege that Musk and Tesla's board knowingly shifted resources from Tesla to xAI, which raised $6 billion in its initial funding round.

• The lawsuit cites reports of Musk ordering thousands of Nvidia-made AI chips destined for Tesla to be diverted to xAI, as well as posts suggesting he needs a larger stake in Tesla to grow it into an AI and robotics leader.

• The plaintiffs accuse Tesla's board of allowing Musk to "plunder resources" from the company and divert them to xAI, creating billions in AI-related value at a company other than Tesla.

🔋 Bill Gates invests $1 billion in nuclear power plant to meet rising electricity demand and power AI data centers. Read More

• TerraPower's nuclear plant in Wyoming, designed to be safer and more affordable, is expected to be completed by 2030 at a cost of up to $4 billion.

• The U.S. Department of Energy is funding half of the project's costs, which include designing and licensing the reactor.

• The additional data centers needed for AI growth could increase electricity demand by as much as 10%, prompting big tech companies to explore ways to facilitate more power generation.

✋ Meta's chief AI scientist Yann LeCun warns SB 1047 could spell the end of California's tech industry. Read More

• LeCun, one of the "three godfathers of AI," believes the bill regulates "basic technology" and will put an end to innovation.

• He shared posts suggesting the bill could destroy California's history of technological innovation and wondered if it would lead to the end of the state's technology industry.

• LeCun's opposition to the bill highlights the stark divide among AI researchers regarding the potential dangers of powerful AI systems, with some dismissing the risks as "sci-fi" while others take them seriously.

🤝 LinkedIn announces new AI features for resumes, cover letters, and job searches in partnership with OpenAI. Read More

• LinkedIn's AI-powered chatbot for coaching job applicants, launched last year, runs on OpenAI's GPT-4 software.

• The company's leaders anticipate that recruitment and hiring will increasingly rely on autonomous systems in the near future.

• LinkedIn executives believe AI can help eliminate drudgery for recruiters, allowing them to focus more on engaging with potential employees one-on-one.

🗳️ AI candidate "AI Steve" is on the ballot for the UK's general election, aiming to humanize politics through AI. Read More

• AI Steve, represented by businessman Steve Endacott, will appear on the ballot for the Brighton Pavilion constituency.

• Voters can interact with the AI to ask policy questions and raise concerns, with the AI considering their views in its responses based on Endacott's policies.

• Endacott aims to use AI to create a politician who is always available to constituents and can take their opinions into account on a weekly basis through electronic means.

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