OpenAI OpenAI is embroiled in legal battles, including a lawsuit from Florida alleging harm to children and a past challenge from Elon Musk. The company is also finalizing a significant funding deal, valuing it at $965bn, and preparing for a potential $1tn IPO, with competition heating up from rivals like Anthropic and Google DeepMind. Partnerships with companies like Microsoft and Apple are also crucial to its strategy, as are its investments in AI research and its impact on the economy.

• Florida is suing OpenAI and Sam Altman, alleging “litany of harms” to children caused by chatbots.
• Anthropic, a rival AI maker, has finalized a $65bn funding deal, valuing it at $965bn.
• OpenAI is preparing for a potential $1tn IPO, with Goldman Sachs and Morgan Stanley advising.
• Elon Musk’s past lawsuit against OpenAI, concerning control and its non-profit status, was dismissed.
• Microsoft CEO Satya Nadella testified in Musk’s lawsuit, calling the attempt to remove Altman ‘amateur city’.
• OpenAI’s foundation plans to spend $250mn on research into AI’s economic impact.
• SoftBank reported a $25bn gain on its OpenAI stake, boosting its quarterly profits.
• OpenAI is reportedly considering legal action against Apple over its iPhone AI deal.
• The legal battles and IPO plans highlight intense rivalries in the AI sector.
• The potential for AI to shorten the work week is discussed, with caveats about price increases and consumption. Continue reading https://www.ft.com/stream/e3402603-d253-4aa1-ac4d-fc9bdbf4ccb8