Ad
Short

OpenAI wants more people to use AI. The company is rolling out a new initiative to expand AI access worldwide. The company's OpenAI Academy will provide $1 million in API credits to developers and organizations in low- and middle-income countries. Participants will get support from OpenAI experts and join a global developer network. The move comes as Google recently announced $120 million in funding for AI education. OpenAI has also funded translations of the MMLU AI intelligence test into 14 languages. This aims to make AI benchmarking more accessible globally.

Ad
Ad
Short

Google is investing $120 million in a new "Global AI Opportunity Fund" to support AI education worldwide. CEO Sundar Pichai unveiled the initiative during a speech at the inaugural UN Future Summit in New York. The fund will partner with non-profit organizations to offer AI training in local languages. Google aims to prevent a growing digital divide in AI capabilities between countries. Pichai urged UN member states to create policies that foster AI innovation while mitigating risks. He also highlighted how AI could advance UN development goals, such as empowering entrepreneurs and improving access to information.

Ad
Ad
Short

Amazon unveiled an AI-powered video generator for advertisers at its Accelerate conference. The new tool, called Video Generator, transforms a single product image into short video clips highlighting the product's features. Amazon says the generator uses the company's unique retail insights to bring product stories to life. Currently, the tool is in a limited beta phase for select US advertisers. The generated videos are 6-9 seconds long with a 720p resolution. Along with Video Generator, Amazon also introduced "Live Image," a feature that creates short animated GIFs from still images. Amazon plans to enhance both tools in the coming months before expanding their availability.

Short

OpenAI is reportedly nearing completion of a massive funding round worth $5 billion to $7 billion, potentially valuing the company at $150 billion. Sources say OpenAI has set a minimum investment of $250 million. Thrive Capital is leading the round with a $1 billion commitment. Microsoft, Nvidia, and Apple are in talks to invest a combined $2 billion to $3 billion. Tiger Global Management and Abu Dhabi's AI investment fund MGX are also negotiating potential stakes. The high minimum investment limits the pool of possible investors. OpenAI is also considering switching to a for-profit structure, similar to rival Anthropic. Currently, investors like Microsoft receive profit-sharing agreements rather than traditional equity.

Ad
Ad
Google News