OpenAI declares 'code red'
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OpenAI CEO Sam Altman has issued a "code red" alert to employees to improve ChatGPT, according to The Wall Street Journal.
OpenAI has made huge spending commitments totaling more than $1 trillion. Those include a $300 billion cloud-computing deal with Oracle and a $250 billion arrangement with Microsoft. OpenAI is valued at around $500 billion and expects to reach over $20 billion in annualized revenue this year.
Google and OpenAI have implemented usage limits on their AI image and video generation tools due to overwhelming demand and strained computing resources. Google's Nano Banana Pro now restricts free users to two photos daily,
The internet giant has released new AI software and struck deals, such as a chip tie-up with Anthropic PBC, that have reassured investors the company won’t easily lose to ChatGPT creator OpenAI and other rivals.