Billions of dollars worth of investment rounds later, the Financial Times is now reporting that the company is finally looking to shed its nonprofit status once and for all.
The company is reportedly in talks to raise further new funds, giving it a valuation of north of $100 billion and potentially making it one of the most valuable Silicon Valley firms ever.
OpenAI has since denied the reporting, arguing in a statement to the FT that “the nonprofit is core to our mission and will continue to exist.”
Summary: Human progress requires a culture of openness to change and innovation, which historically has been rare and resisted by established elites. Periods of remarkable achievement, like that seen in Enlightenment Europe, occurred when societies embraced new ideas and allowed for intellectual and economic freedom. The key to sustained progress lies in maintaining a culture of optimism and a politico-economicsystem that encourages innovation rather than suppressing it.
To make progress, we must do something differently from what we did yesterday, and we must do it faster, better, or with less effort. To accomplish that, we innovate, and we imitate. That takes a certain openness to surprises, and that openness is rare. It is difficult to come up with something that never existed. It’s also dangerous, since most innovations fail.
If you live close to subsistence level, you don’t have a margin for error. So, if someone wants to hunt in a new way or experiment with a new crop, it is not necessarily popular. There is a reason why most historical societies that came up with a way of sustaining themselves tried to stick to that recipe and considered innovators troublemakers.
Startup Deep Fission has come up with a new way to deal with the economic and safety problems of nuclear power that is, to say the least, novel. The idea is to build a reactor that’s under 30 inches (76 cm) wide and stick it down a mile-deep (1.6-km) drill shaft.
With its promise of limitless energy by breaking down matter itself, nuclear power has long held a utopian promise for humanity. However, economic and safety considerations, along with political opposition, have hindered its development – especially in the very countries that developed the technology.
The safety and economic factors are related because the high cost of building nuclear power stations has very little to do with the nuclear technology itself. Nuclear fuel, even with all the processing costs included, only comes to about US$1,663 per kilogram (2.2 lb). Because nuclear fuel has such an incredible energy density, that’s about 0.46 ¢/kWh – and the fuel costs keep dropping as the technology becomes more efficient.
Optical fiber, as a physical medium for information transmission, is the “highway” of modern economic and social development. However, with the continuous emergence of high-speed and high-capacity communication scenarios such as virtual reality, 5G, intelligent driving, and the Internet of Things (IoT), there is an upper limit to the communication capacity (traffic flow) of the traditional single-mode fiber-optic communication system (highway).
The cost effectiveness of bots is key to the magnitude of impact of the Economic Singularity. Watch this cheap bot as companies find profitable use cases and unemployment rises.
Unitree unveiled a new video of its G1 robot performing acrobatic feats, as part of its lead up to production.
Skyfire claims it is offering the world’s first payment network designed to support fully autonomous transactions across AI agents, large language models (LLMs), data platforms and various service providers.
This development marks a significant step toward creating a new global economy where AI agents can function as independent economic actors, capable of making and receiving payments without human intervention.
“We really see that next million users for a lot of these [vendor] companies coming from AI agents being the customer,” said Sarhangi.
A very dangerous position to be in the world community of scientist should gather in agreement those friendly to the values and principles of democracy to advance science for the good humanity and freedom.
The U.S. sorely needs a coordinated national research strategy, says Marcia McNutt, president of the U.S. National Academy of Sciences.
In a first-ever “State of the Science” address at the end of June, National Academy of Sciences president Marcia McNutt warned that the U.S. was ceding its global scientific leadership to other countries—highlighting China in particular. McNutt, a widely respected geophysicist, said this slippage could make it harder for the U.S. to maintain the strength of its economy and protect its national security. She also laid out a provisional plan of action to reverse the decline.
In time, businesses may wake up to the true potential of artificial intelligence. But if worries grow, big tech’s spending plans will start to look as extravagant as its valuations.
So far the technology has had almost no economic impact.
Space-based solar power, an innovative concept that involves capturing solar energy in space and transmitting it to Earth, offers limitless opportunities in system design, manufacturing and deployment. This technology has the potential to revolutionize the energy industry, addressing global clean energy demands while minimizing environmental impact.
The availability of space resources, such as asteroid mining and lunar regolith utilization, presents opportunities for companies that invest in technologies and techniques to extract and process these resources, including precious metals, water and rare minerals.
The importance of continued investment in space exploration cannot be overstated. As space technology advances, businesses must consider potential applications in their industries. Collaboration between space agencies and private companies is key to driving innovation and economic growth, offering countless opportunities for the future.
And this shows one of the many ways in which the Economic Singularity is rushing at us. The 🦾🤖 Bots are coming soon to a job near you.
NVIDIA unveiled a suite of services, models, and computing platforms designed to accelerate the development of humanoid robots globally. Key highlights include:
- NVIDIA NIM™ Microservices: These containers, powered by NVIDIA inference software, streamline simulation workflows and reduce deployment times. New AI microservices, MimicGen and Robocasa, enhance generative physical AI in Isaac Sim™, built on @NVIDIAOmniverse - NVIDIA OSMO Orchestration Service: A cloud-native service that simplifies and scales robotics development workflows, cutting cycle times from months to under a week. - AI-Enabled Teleoperation Workflow: Demonstrated at #SIGGRAPH2024, this workflow generates synthetic motion and perception data from minimal human demonstrations, saving time and costs in training humanoid robots.
NVIDIA’s comprehensive approach includes building three computers to empower the world’s leading robot manufacturers: NVIDIA AI and DGX to train foundation models, Omniverse to simulate and enhance AIs in a physically-based virtual environment, and Jetson Thor, a robot supercomputer. The introduction of NVIDIA NIM microservices for robot simulation generative AI further accelerates humanoid robot development.
