Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

OpenAI, Musk fast-track trial over for-profit transition

OpenAI and Elon Musk fast-track trial over for-profit shift amid ongoing legal dispute and Musk’s competing startup, xAI.

Published

on

OpenAI and Elon Musk fast-track trial over for-profit shift amid ongoing legal dispute and Musk’s competing startup, xAI.

In Short

OpenAI and Elon Musk have agreed to fast-track a trial regarding OpenAI’s shift to a for-profit model amid ongoing legal disputes. The judge has set an accelerated trial date for autumn, rejecting Musk’s attempt to halt the transition, while OpenAI has denied Musk’s claims and dismissed his takeover offer.

OpenAI and Elon Musk have reached an agreement to expedite a trial concerning OpenAI’s transition to a for-profit structure. This development is part of an ongoing legal dispute involving Musk and OpenAI CEO Sam Altman.

The joint proposal for the trial was submitted in December, as noted in a federal court filing. The parties have deferred a decision on whether the case will be resolved by a jury or solely by the presiding judge.

Profit-driven model

This month, the judge declined Musk’s request to halt OpenAI’s shift to a profit-driven model but has accepted an accelerated trial date for the autumn. OpenAI expressed approval of the court’s ruling, which they believe counters Musk’s attempts to impede the company’s progress for personal gain.

Musk, who co-founded OpenAI in 2015 but departed before its rapid growth, later established a competing venture, xAI, in 2023. He has previously sued OpenAI and Altman, alleging that the organisation has deviated from its original mission of developing AI for humanity’s benefit.

Both OpenAI and Altman have denied Musk’s claims, with Altman suggesting that Musk is attempting to hinder competition.

The lawsuit’s outcome will significantly influence OpenAI’s for-profit transition, which the company views as essential for securing the necessary capital to thrive amid the competitive AI landscape.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Tech

OpenAI releases GPT-5.1 with enhanced conversational features

OpenAI launches GPT-5.1, enhancing ChatGPT with personality controls and improved conversational abilities for paid users

Published

on

OpenAI launches GPT-5.1, enhancing ChatGPT with personality controls and improved conversational abilities for paid users

video
play-sharp-fill
In Short:
– OpenAI launched GPT-5.1 with two models to improve ChatGPT’s conversation and user control.
– The update, initially for paid users, addresses prior complaints and introduces adaptive reasoning and personality presets.
OpenAI launched GPT-5.1 today, featuring two upgraded models aimed at enhancing ChatGPT’s conversational abilities and providing users better control over its personality.The update started rolling out to paid subscribers on November 12, introducing GPT-5.1 Instant and GPT-5.1 Thinking, both designed to address complaints regarding the original GPT-5 release in August.

GPT-5.1 Instant is said to be “warmer by default and more conversational,” with early testers noting its playfulness while remaining clear and useful.

Banner

The launch follows a backlash from users after GPT-5’s release, who criticized its “colder” tone and the removal of previous models like GPT-4o. OpenAI’s CEO, Sam Altman, admitted that discontinuing GPT-4o “was a mistake” and acknowledged the emotional attachment users had to specific models.

Adaptive Reasoning

GPT-5.1 Instant introduces adaptive reasoning, which helps it determine when to “think before responding” to complex questions.

This leads to marked improvements in mathematical and coding tasks. GPT-5.1 Thinking adjusts processing time based on the task, resulting in clearer explanations and improved ease of use for various tasks.

The new version includes six personality presets, allowing users to tailor interactions. OpenAI aims for the model to integrate cognitive and emotional intelligence effectively.

For now, the rollout is for paid users, with free access occurring soon. Both models will be available via API, and legacy models will remain accessible for three months.


Download the Ticker app

Continue Reading

Tech

Apple postpones iPhone Air sequel due to poor sales

Apple delays iPhone Air 2 indefinitely after lacklustre sales of first model

Published

on

Apple delays iPhone Air 2 indefinitely after lacklustre sales of first model

video
play-sharp-fill
In Short:
– Apple has postponed the iPhone Air’s launch due to poor sales of the current model.
– Production of the iPhone Air will stop, with Foxconn and Luxshare ceasing manufacturing by November and October respectively.
Apple has delayed the launch of its second-generation iPhone Air, which was scheduled for fall 2026, due to disappointing sales of the current model that debuted two months ago, as reported by The Information.Engineers and suppliers have been informed that the iPhone Air will be removed from the production schedule without a new release date.

The decision coincides with a significant reduction in the production of the existing model. Foxconn is expected to cease all manufacturing by the end of November, while Luxshare will stop production by the end of October.

Banner

Sales for the iPhone Air have not met Apple’s expectations since its launch in September. Foxconn has limited its production lines for the device, and future orders are projected to decrease significantly. A survey indicated nearly no demand for the iPhone Air, with consumers instead choosing the iPhone 17 and iPhone 17 Pro models.

Production Challenges

The underperformance of the iPhone Air continues a trend of failed attempts by Apple to add a fourth model to its lineup.

The iPhone mini was previously discontinued after poor sales, followed by the larger Plus models, which faced similar challenges.

Apple had intended to develop a lighter second-generation iPhone Air with improved specifications but may now reconsider its design approach. The company also has plans for a staggered launch of the iPhone 18 lineup set for 2026 and early 2027.


Download the Ticker app

Continue Reading

Tech

Tech giants’ $47 billion AI infrastructure deals announced

Tech giants commit $47.7 billion to AI deals as demand for computing power soars and market diverges

Published

on

Tech giants commit $47.7 billion to AI deals as demand for computing power soars and market diverges

video
play-sharp-fill
In Short:
– Wall Street started November mixed as AI deals boosted tech stocks, especially Amazon’s share price after a major agreement.
– OpenAI plans $1.4 trillion investment for computing resources, with Big Tech predicting over $250 billion AI infrastructure spending this year.
Wall Street began the month with mixed performances as major artificial intelligence deals influenced tech stocks positively, while broader market indices diverged.
Amazon’s shares rose over 5% following a significant $38 billion cloud services agreement with OpenAI, contributing to gains for the Nasdaq despite a decline in the Dow.The seven-year collaboration with Amazon Web Services marks OpenAI’s first major partnership with AWS, offering access to Nvidia graphics processing units essential for its AI expansion.

Amazon commented on the soaring demand for computing power resulting from rapid AI advancements, aiming for full capacity deployment by the end of 2026.

Banner

Microsoft also sealed a $9.7 billion agreement with IREN, highlighting the industry’s insatiable need for cloud capacity.

The collaborations depict Big Tech’s ongoing commitment to AI infrastructure, with significant investments aimed at catering to the escalating demand for computing resources.

Investment Perspective

OpenAI CEO Sam Altman revealed intentions to invest $1.4 trillion to create 30 gigawatts of computing resources.

Major players, including Microsoft, Alphabet, Amazon, and Meta, have adjusted their capital expenditure forecasts for 2025, anticipating AI infrastructure spending to surpass $250 billion this year.

Despite market caution regarding inflated valuations, analysts remain optimistic about growth in the sector. Even amidst fears of an AI bubble, industry leaders assert ongoing investments will continue to bolster market performance through 2026.


Download the Ticker app

Continue Reading

Trending Now