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Tag: for-profit

  • Slashdot: Bank of England Says AI Software Could Create Market Crisis For Profit

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    Kurt Seifried
    in

    Source URL: https://slashdot.org/story/25/04/10/0652258/bank-of-england-says-ai-software-could-create-market-crisis-for-profit?utm_source=rss1.0mainlinkanon&utm_medium=feed Source: Slashdot Title: Bank of England Says AI Software Could Create Market Crisis For Profit Feedly Summary: AI Summary and Description: Yes Summary: The Bank of England has raised concerns about the risks associated with increasingly autonomous AI systems in financial markets. Such AI programs may exploit profit-making opportunities, potentially leading to…

  • Hacker News: OpenAI closes $40B funding round, startup now valued at $300B

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    Kurt Seifried
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    Source URL: https://www.cnbc.com/2025/03/31/openai-closes-40-billion-in-funding-the-largest-private-fundraise-in-history-softbank-chatgpt.html Source: Hacker News Title: OpenAI closes $40B funding round, startup now valued at $300B Feedly Summary: Comments AI Summary and Description: Yes Summary: OpenAI has secured a record-breaking $40 billion funding round, valuing the company at $300 billion, which will be used primarily to advance AI research and scale its compute infrastructure.…

  • Slashdot: DNA of 15 Million People For Sale In 23andMe Bankruptcy

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    Kurt Seifried
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    Source URL: https://science.slashdot.org/story/25/03/24/2022232/dna-of-15-million-people-for-sale-in-23andme-bankruptcy?utm_source=rss1.0mainlinkanon&utm_medium=feed Source: Slashdot Title: DNA of 15 Million People For Sale In 23andMe Bankruptcy Feedly Summary: AI Summary and Description: Yes Summary: The text discusses 23andMe’s Chapter 11 bankruptcy filing, raising significant concerns about the security and privacy of genetic information following a major data breach. The financial turmoil highlights the vulnerabilities associated…

  • Cloud Blog: Cybercrime: A Multifaceted National Security Threat

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    Kurt Seifried
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    Source URL: https://cloud.google.com/blog/topics/threat-intelligence/cybercrime-multifaceted-national-security-threat/ Source: Cloud Blog Title: Cybercrime: A Multifaceted National Security Threat Feedly Summary: Executive Summary Cybercrime makes up a majority of the malicious activity online and occupies the majority of defenders’ resources. In 2024, Mandiant Consulting responded to almost four times more intrusions conducted by financially motivated actors than state-backed intrusions. Despite this…

  • Hacker News: CAPTCHAs: ‘a tracking cookie farm for profit masquerading as a security service’

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    Kurt Seifried
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    Source URL: https://www.pcgamer.com/gaming-industry/a-2023-study-concluded-captchas-are-a-tracking-cookie-farm-for-profit-masquerading-as-a-security-service-that-made-us-spend-819-billion-hours-clicking-on-traffic-lights-to-generate-nearly-usd1-trillion-for-google/ Source: Hacker News Title: CAPTCHAs: ‘a tracking cookie farm for profit masquerading as a security service’ Feedly Summary: Comments AI Summary and Description: Yes Summary: The study from UC Irvine critically evaluates Google’s reCAPTCHA v2, highlighting its inefficacy in preventing bot traffic while raising significant privacy concerns. The findings indicate that reCAPTCHA…

  • Hacker News: Why OpenAI’s $157B valuation misreads AI’s future (Oct 2024)

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    Kurt Seifried
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    Source URL: https://foundationcapital.com/why-openais-157b-valuation-misreads-ais-future/ Source: Hacker News Title: Why OpenAI’s $157B valuation misreads AI’s future (Oct 2024) Feedly Summary: Comments AI Summary and Description: Yes Summary: The text provides a comprehensive analysis of the economic dynamics and strategic challenges in the AI industry, centered around OpenAI’s recent funding rounds and its implications for value creation in…

  • The Register: Even at $200/mo, Altman admits ChatGPT Pro struggles to turn a profit

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    Kurt Seifried
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    Source URL: https://www.theregister.com/2025/01/06/altman_gpt_profits/ Source: The Register Title: Even at $200/mo, Altman admits ChatGPT Pro struggles to turn a profit Feedly Summary: But don’t worry, he’s ‘figured out’ AGI comment Even at $200 a month for ChatGPT Pro, the service is struggling to turn a profit, OpenAI CEO Sam Altman lamented on the platform formerly known…

  • Slashdot: The ‘Godfather’ of AI is Backing Musk’s Lawsuit Against OpenAI

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    system automation
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    Source URL: https://yro.slashdot.org/story/24/12/31/188209/the-godfather-of-ai-is-backing-musks-lawsuit-against-openai?utm_source=rss1.0mainlinkanon&utm_medium=feed Source: Slashdot Title: The ‘Godfather’ of AI is Backing Musk’s Lawsuit Against OpenAI Feedly Summary: AI Summary and Description: Yes Summary: The text highlights Nobel laureate Geoffrey Hinton’s support for Elon Musk’s legal efforts against OpenAI, underscoring concerns about the company’s shift from a nonprofit to a for-profit model. Hinton emphasizes the…

  • The Register: OpenAI plans to ring in the New Year with a for-profit push

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    system automation
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    Source URL: https://www.theregister.com/2024/12/27/openai_for_profit_push/ Source: The Register Title: OpenAI plans to ring in the New Year with a for-profit push Feedly Summary: We have altered the deal, pray we don’t alter it any further Amid growing competition and skyrocketing compute requirements necessary to support the next generation of AI models, OpenAI is shaking up its corporate…

  • Slashdot: OpenAI Plans Corporate Overhaul To Draw More Investment

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    system automation
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    Source URL: https://slashdot.org/story/24/12/27/1321234/openai-plans-corporate-overhaul-to-draw-more-investment Source: Slashdot Title: OpenAI Plans Corporate Overhaul To Draw More Investment Feedly Summary: AI Summary and Description: Yes Summary: OpenAI’s transformation into a Delaware public benefit corporation marks a significant shift in its corporate model, aimed at facilitating greater fundraising potential to enhance AI development. This restructuring is particularly relevant in the…