OpenAI CEO’s new project is causing a stir! While her new company has just started operations, she has already completed a financing round of 115 million dollars. A considerable sum should allow the company to develop its revolutionary project.
115 million dollars to finance the development of Worldcoin
Tools for Humanity announced on its official website the finalization of fundraising for 115 million dollars. This amount, therefore, is slightly lower than the rumors of February, which reported fundraising of 120 million dollars.
This new fundraising should allow the company Tools for Humanity to pursue the development of an international financial network focused on digital identity. Each network user will thus be able to become the owner of tokens associated with the project. This new cryptocurrency should be deployed during the first half of 2023.
The official statement reveals that part of the funds raised should be used to continue the development of the official Worldcoin application: the World App, and continue growth efforts by extending the availability of the financial service internationally and by ensuring compliance with applicable legal regulations worldwide.
Already more than 1.75 million users for World App!
At the beginning of May, the company published the official version of its mobile application: World App. This mobile application has been specially designed to bring digital identity and global finance within everyone’s reach. More than 1.75 million people have registered on the network since its launch in pre-release last year.
A project is already widely controversial!
Suppose the project seems very attractive at first glance. In that case, Worldcoin is currently out of stock to individuals or companies based in the United States and many other countries worldwide. The current map, available on the application’s official website, only includes all European countries, a few countries in South America, Mexico and a few African or Asian countries.
Many Internet users also fear that the project will, within a few years, control individuals based on social credit, rewarding them (or penalizing them) in the form of credits for each action. The World ID (the unique digital identity document associated with each user) would thus be used in daily life to carry out various operations (loans, purchases, etc.).
Many critics also criticize the system for not ensuring the privacy of its users. The company has already been forced to implement new security measures to combat the resale of credentials on the black market.
Is the company already valued at nearly $3 billion?
Blockchain Capital led the fundraiser, and several big names in the cryptocurrency world, such as the American venture capital fund Andreessen Horowitz, Distributed Global and Bain Capital Crypto, participated.
The valuation of the company is still unknown at this stage. A previous report in February stated that WorldCoin planned to raise $120 million to fund its development based on a total valuation of $3 billion. A valuation that would therefore be much higher than that of other similar blockchain technology projects.
The notoriety of its founder mainly explains the fundraising success: Sam Altman is notably known for being the co-founder of OpenAI. This company surprised the world with its first conversational agent based on artificial intelligence: ChatGPT.
The reason why OpenAI and ChatGPT could soon leave Europe
Under regulatory pressure, the OpenAI platform could leave Europe. And took with her her ChatGPT tool, which was at the heart of all speculation for months. Focus on non-compliance points for OpenAI.
Does OpenAI need to be more compliant with European regulations?
Since the explosion of the ChatGPT phenomenon, an artificial intelligence tool from the Open AI company, many related questions have arisen. Ethical issues, copyright, but also some regulatory issues.
And on this last part, OpenAI could go against European laws. Indeed, European law stipulates the development of generative AI tools that companies must disclose their internal documents relating to their projects. Documents protected by copyright. Unthinkable for OpenAI, which could then reveal its manufacturing methods.
This possible closure of OpenAI in Europe Sam Altman himself, the CEO of OpenAI, mentioned it. In a fit of fatality, the businessman reportedly said:
There are so many things they could do, like change the definition of general-purpose AI systems.
Italy had already taken the lead by blocking ChatGPT on its territory, the time to conduct its investigation. Since then, the tool has been active again in the country of the boot. But it could end up no longer being accessible throughout Europe. Behind the scenes, however, it is rumored that European law could be softened. An element that did not escape Sam Altman:
The EU’s current AI bill seems too regulatory, but they will scale it back.
Real information or a desire to put pressure on the legislator? Hard to say. Anyway, the leader recently met with French President Emmanuel Macron. And among the topics discussed, the two men mentioned regulatory issues around AI.
During a Wednesday roundtable at the University of London, Altman said that OpenAI would try to comply with European rules. And that in case of incompatibility with the interests of the companies, it would cease all activity on the old continent.
OpenAI: Is the fear real?
If the subject of artificial intelligence amazes some, it also provokes a strong outcry among many people. In particular, on the theme of copyright and the risk of information leakage. Last week, the giant Apple joined the long list of companies that have already banned the use of ChatGPT by its employees. Like others, the Apple brand fears that confidential data will be disclosed this way.
Various bodies worldwide are now looking very seriously at the issue. In December, the European states approved a first version to regulate the subject. Last month, the European Parliament asked US President Joe Biden and European Commission President Ursula von der Leyen to organize a world summit. For many, blockchain could answer the question of monitoring AI initiatives.
OpenAI goes even further and launches its ChatGPT application on iOS.
Having the power of AI in your hand or on your wrist will soon be possible, thanks to OpenAI! The company gained worldwide fame by releasing ChatGPT, an AI that can respond to any prompt entered on its website or app.
The release will take place initially on iOS, with the application available on the App Store. The Android version should follow the iOS version soon. The news comes after a busy week for CEO Sam Altman as he grapples with AI regulation.
OpenAI launches ChatGPT on Iphone: a major change in the use of AI?
Previously, ChatGPT was available only from an interface available on the Internet. If ChatGPT has already allowed companies to automate certain parts of their work, having this artificial intelligence in your pocket is another step towards its democratization.
OpenAI said users could even sync their chat history with the AI across their devices. A more than essential feature is when you know the prowess that users have obtained after long hours of conversation with the AI.
ChatGPT can learn and modulate its responses according to the user during the conversation. It is a useful feature for companies that can train their AI to perform specific tasks and for curious users.
Here are the company’s statements:
With the ChatGPT app for iOS, we’re taking another step toward our mission of turning cutting-edge research into useful tools that empower people while continually making them more accessible.
ChatGPT beats the competition like Google Bard or Microsoft Bing
ChatGPT seems far ahead of its competitors, whether Google or Bing. OpenAI has opened Pandora’s box by developing a precise AI, even on very general and heterogeneous subjects.
The test was done against cryptocurrencies. Decrypt put the three artificial bits of intelligence in competition and asked them to give them the current price of Bitcoin. ChatGPt was the best performing by taking the Coinbase site as a reference to give the price of BTC, while the other AIs gave a less accurate price.
The Google Bard bot used sources from its search engine. Bing’s bot took multiple sources using CoinMarketCap and even included the value concerning the price of USD in Brazil.
If ChatGPT dominates the world of AI for the moment, the race seems on. Whether OpenAI will be able to remain competitive against such major competitors is yet to be seen. And to back up that idea, a China-backed company is already planning to outperform ChatGPT.
To learn about what is happening in its cryptocurrencies, consult the crypto news on our Cryptonaute site.
Elon Musk said in an interview that OpenAI wouldn’t exist without him.
The famous American billionaire Elon Musk recently revealed in an interview with the American television channel CNBC that the OpenAI company would not exist without his contribution. A statement that comes just a few weeks after co-signing, with other personalities, a letter asking for a break in developments related to artificial intelligence.
Elon Musk takes credit for creating OpenAI.
In an interview with the American television channel CNBC, Elon Musk, the whimsical American billionaire, takes credit for creating OpenAI and notably claims to have played an essential role in the company’s development.
Elon Musk co-founded the OpenAI organization in early December 2015 with several machine learning and computer science specialists, including Sam Altman, John Schulman, Wojciech Zaremba, Andrej Karpathy, Ilya Sutskever and Greg Brockman.
Elon Musk brought nearly $50 million to the company from its inception!
The company’s founders had committed to an overall budget of one billion dollars, of which they would typically use only a part during the first years. He notably declared having invested a sum of the order of 50 million dollars in this company.
“It’s thanks to me that OpenAI exists!” says Elon Musk
The CEO of Tesla considers that he has played a decisive role in the company’s success, particularly by participating in the “recruitment phase of the main engineers and scientists of the company”. He says in particular that he is largely responsible for the recruitment of Ilya Sutskever and that the arrival of this Russian engineer, a specialist in machine learning, “was the keystone to the success of OpenAI”.
He believes that OpenAI has betrayed the mission that the organization had set itself!
Elon Musk is particularly worried about the company’s development. It considers that the organization has betrayed the mission that the founders had set for themselves. He claims that OpenAI was originally founded as a non-profit company with an open, open-source model. Still, several years later, the company eventually morphed into a closed, for-profit model under the influence of Microsoft.
He also asserts that “the management team of OpenAI has not yet taken the measure of the influence of Microsoft on the future of the company”. The strategic partnership between the two companies relates not only to a contribution of funds but also to a provision of the technological infrastructure of Microsoft.
The strategic partnership between Microsoft and OpenAI enables the tech giant to enrich its software suite with artificial intelligence. But we can nevertheless wonder about the fact that this partnership could allow Microsoft engineers to access the computer code of OpenAI!
A new project for Sam Altman:
Sam Altman, the CEO of OpenAI, aims to raise nearly $100 million for his new Worldcoin project, a collectively owned and globally distributed cryptocurrency. A new alternative in the crypto ecosystem should also have its crypto wallet.
This China-backed company unveils its product that should “surpass” ChatGPT.
iFlytek, a Chinese tech backed and funded by the government, has just unveiled its artificial intelligence product with a clear objective. To surpass the performance of ChatGPT as quickly as possible. A feat that could, according to the group’s CEO, become a reality as early as October 2023.
Surpass ChatGPT by the end of the year.
Therefore, the Chinese company iFlytek has just revealed its ambitions to the general public by launching “Spark Model”, a system based on artificial intelligence. The company, subsidized by the state, aims to offer a strong competitor to OpenAI and its now famous ChatGPT.
And the least we can say is that iFlytek is strong in ambition since the company claims to be able to overtake ChatGPT by the end of 2023. During a technological event called Spark Desk, the company proposed the product launch in preview. Social networks, especially Beijing Daily, a Peking duck, quickly spread the news.
The founder and president of iFlytek have even committed to specific dates and set next fall as a goal.
This year, we will continue to improve our model, and on October 10, we will surpass ChatGPT in Chinese and reach the same level as in English.
Few details on how Spark works
According to Liu Qinqfeng, Spark’s cognitive model represents “the dawn of artificial general intelligence”. Implying that it works differently from other tools. But as is often the case with technology topics, details on how Spark works and its underlying technology are, to date, very hard to come by. Qinqfeng nevertheless specified that the capacities of its IA were today much higher than those of the existing systems in China.
Like other AI tools, the Spark model could be useful for developers of blockchain projects but also for other activities like crypto trading. For example, many chatbots use cases today focus on building advanced trading robots.
Good to know: The ChatGPT tool is not accessible in China, de facto limiting OpenAI’s ability to train its models in Chinese languages and culture.
If the performance of the Spark Model is likely to bluff, the speed with which the tool has developed is just as impressive. Thus, according to Qinqfeng, the research branch of iFlytek would have started working on this AI model last December. For comparison, ChatGPT has been working on its system since 2015.
