Is This Just Another Fad?
According to people familiar with the situation, OpenAI, the research facility behind the popular ChatGPT chatbot, is in discussions to sell its current stock in a tender offer that would value the company at around $29 billion, making it one of the most valuable U.S. startups on paper despite making little money.
- Sources added that Thrive Capital and Founders Fund are in discussions to purchase shares. They estimated that sales of OpenAI shares during the tender may reach at least $300 million
- According to the sources, the agreement is set up as a tender offer, with the investors purchasing shares from current shareholders like employees
According to The Wall Street Journal, the current agreement would approximately double OpenAI's valuation from an earlier tender offer that was completed in 2021, when OpenAI was valued at about $14 billion.
For Profit Funded Research
The nonprofit organization OpenAI, led by tech entrepreneur Sam Altman, was established in 2015 with the aim of advancing artificial intelligence research for the good of mankind. Elon Musk, the CEO of Tesla, Reid Hoffman, the co-founder of LinkedIn, and Mr. Altman were among its early backers.
- Under Mr. Altman's leadership, OpenAI established a for-profit division in 2019 to make it simpler for it to generate funds to pay for the processing power required to train its algorithms
- Compared to bigger rivals like Alphabet Inc.'s Google, which has been slower to promote its technology partly because of ethical concerns, it moved more quickly to release its AI models to the general public
Microsoft To Invest $10B In OpenAI
Semafor reported on Monday that Microsoft is in discussions to invest $10 billion in OpenAI. According to the report, the funding conditions stipulated that Microsoft would get 75% of OpenAI's profits up until Microsoft had earned back its initial investment and OpenAI finds ways to generate profits from ChatGPT and other businesses like the image creation tool Dall-E.
- According to the story, once OpenAI reached that milestone, Microsoft would own a 49% share in the company, followed by 49% from other investors and 2% going to OpenAI's nonprofit parent
- However, the exact stakes wouldn't be known until Microsoft received its money back
The Information revealed this week that Microsoft, which invested $1 billion in OpenAI in 2019, was aiming to develop a version of its search engine Bing utilizing the ChatGPT AI.
Detecting Bots May Not Be Too Difficult
Detecting if text is generated by ChatGPT, the popular chatbot that has raised concerns about its potential for unethical uses in academia, is now possible thanks to an app created by Edward Tian, a 22-year-old senior at Princeton University.
- A part of Tian's winter break was spent developing GPTZero, which he claims can "quickly and efficiently" determine whether a person or ChatGPT wrote an essay
- Tian is a computer science major with a minor in journalism and his desire to combat what he perceives is a rise in AI plagiarism led him to develop the bot
- There have been allegations of students utilizing the ground-breaking language model to pass off AI-written assignments as their own since ChatGPT's introduction in late November
But how does it work? Perplexity and burstiness are two signs that GPTZero utilises to assess whether an excerpt was written by a bot. Perplexity is a metric for text complexity. If GPTZero finds the text confusing, it has a high level of complexity and was probably created by a human. The text will have minimal complexity and so be more likely to be generated by AI if it is more familiar to the bot because it has been trained on such material. Burstiness contrasts the various sentence versions separately. Humans prefer to write more quickly, for instance, mixing longer, more complicated words with shorter ones. AI sentences are typically more consistent.
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