Catenaa, January 28, 2025 – Global tech stocks plummeted for a second consecutive day Tuesday as the unveiling of a cost-efficient Chinese AI model disrupted investor confidence in the sector. Nvidia shares fell 17% on Monday, erasing $593 billion in market value, a historic one-day loss. Chinese startup DeepSeek introduced a low-cost AI assistant that […]
Seattle, Washington, Friday, June 28, 2024 – In a move suggesting its entry into the competitive AI assistant market, Amazon is reportedly developing a new chatbot codenamed “Metis.” The project, according to sources familiar with the matter, aims to rival OpenAI’s popular ChatGPT. The potential launch of Metis in September 2024, coinciding with Amazon’s annual […]
Beijing, November 21, 2023- Baidu, China’s leading search engine company, experienced a significant surge in revenue during the June quarter, Baidu said on November 21. While some analysts said the increase was caused by China’s ChatGPT rival Ernie, a Bloomberg news report suggested the surge was driven by a recovery in advertising and consumer spending […]
Catenaa, Thursday, December 12, 2024- ChatGPT, OpenAI’s widely used AI chatbot, experienced a global outage late Wednesday, disrupting access for millions of users, including those relying on its API and Sora services. The outage began around 7 p.m. ET (5:30 a.m. IST) and was resolved by 8 a.m. IST, according to OpenAI. Users attempting to […]
REDWOOD CITY, Calif. and Redmond, Wash. (Nov. 22, 2023) In a surprising turn of events, OpenAI, the renowned AI research lab, has reappointed Sam Altman as its CEO, just days after his abrupt dismissal. Over the weekend, Altman was fired as CEO of OpenAI and later, it was learned that Microsoft had taken him. OpenAI […]
REDWOOD CITY, Calif. (Nov. 17, 2023) – Sam Altman, co-founder and CEO of OpenAI, the research company that developed the viral chatbot ChatGPT, has been fired after the board determined he was not “consistently candid” in his communications with them. Altman’s departure comes as OpenAI is facing increasing scrutiny over the potential risks of its […]