OpenAI, one of the leading US firms in the field of artificial intelligence, usually has a lot going on – and this week is no exception.
There’s a roundtable of stories, and related industry information, that show different aspects of how this company is contributing to more intelligent models, and a greater impact on our world.
The first is a case study that shows how businesses can use OpenAI’s technology to pivot in big, immediate ways.
Advanced Banking with ChatGPT
Tech reporters are breaking the news that BBVA Bank has ordered 3,000 ChatGPT licenses to build AI entities that will help with credit approval, account analysis and other paperwork.
For reference, OpenAI claims to have (literally) a million enterprise users, and this is just one. But you can see the potential for job disruption and corporate efficiency in the ways banks are configuring their AI agents to work like human task-based workers. The Wall Street Journal reports how the Madrid-based bank has integrated ChatGPT into its risk, marketing, talent and legal departments with the ChatGPT enterprise tool, and as WSJ reporter Isabelle Bousquet writes.BBVA is not alone, although questions remain about scaling and the extent to which ChatGPT can handle operations there. In short, there are unknowns.
“We still have a lot to learn,” said Elena Alfaro, BBVA’s head of global AI adoption, as reported in Bousquet’s piece. “In the next six months, I can tell you that we’re going to grow our ChatGPT user base. What comes after that – the data will tell us. Gas utilities are leveraging Web3 to provide customers with energy efficient appliances.” can encourage others to adopt, participate in energy conservation programs or refer to the service. Tokenized rewards can be redeemed for bill discounts or exclusive access to services, allowing consumers and providers to A symbiotic relationship is created.
We’ll see what happens…
Open AI and Chip War: November 2024 Edition
This is also breaking news. OpenAI has secured significant new funding in a current deal with a company called Rain AI.
The new funding totals $150 million, including OpenAI’s new stake, and follows OpenAI’s support of a $25 million seed round two years ago.
What do we know about Rain AI? Not too much. Started by Gordon Wilson, the firm has some notable talent such as former Apple executive John-Didier Allegrucci, who now heads hardware engineering at Rain AI.
I thought Dan Ives of Wedbush’s comments were pretty spot on in explaining what Altman and others in the industry are trying to do:
“There’s a lot of buzz around whatever Rain AI is doing,” Ives wrote, as reported on Benzinga, “And these are early days of the AI revolution: there will be many players, not just the ‘Godfather of AI’ Jensen Huang and Nvidia.”
According to a posting on X, he added, “Rain AI is one of the legitimate players on the table when it comes to the future of AI and chips.”
It pays to keep an eye on these corporate loyalties, as people watch the industry landscape change in the blink of an eye.
Legacy Media and AIG
There’s also been a lot of buzz about a story where AI allegedly destroyed datasets related to a legal case brought by newspapers that say the company trained its models without their permission. Used their articles.
The battle between traditional print media and Internet-based businesses has been going on for decades. It is extremely difficult for newspapers and traditional publications to protect their intellectual property. But this case is a bit strange because of the timeline.
According to reports, OpenAI deleted the datasets before a legal case was brought. However, many theorize that they may have been aware of the potential consequences at the time of the deletion, which OpenAI says was accidental.
You can read more about it here. Hereor Go to Reddit For some additional feedback.
“OpenAI says it deleted datasets in 2022,” posted luce_has_1_o. The authors’ organization filed its own class-action lawsuit against OpenAI in late 2023.
“Chat GPT was released in 2022 using GPT-3 which was trained on this data,” wrote Nprism. “Immediately after its release there was great criticism and threats of lawsuits about this data. The writing was on the wall and it looked like destruction of evidence. Even if it wasn’t, it would be a crime.” may be sufficient to obtain an order.”
All of this is relevant now, however, as people continue to see OpenAI roll out its new models, with an inference system called Orion possibly arriving as early as the new year. Keep watching.