Nov 22, 2024

I am an MIT Senior Fellow, 5x-founder & VC investing in AI The Open AI logo, which represents the American-based artificial intelligence (AI) research ... [+] organization known for releasing the generative chatbot language model AI ChatGPT and initiating the AI spring, is being displayed at the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) NurPhoto via Getty Images There’s usually a lot going on with OpenAI, one of the leading American firms in the artificial intelligence space – and this week is no exception. There’s a round table of stories, and related industry information, showing different aspects of how this company is contributing to the more intelligent models, and a greater impact on our world. The first one is a case study that demonstrates how businesses can use OpenAI’s technology to pivot in big, immediate ways. Modern Banking with ChatGPT Tech reporters are breaking the news that the BBVA bank has ordered 3000 ChatGPT licenses to create AI entities that will help with things like credit approval, account analysis and other paperwork. For reference, OpenAI claims to have (literally) a million enterprise customers, and this is just one. But you can see the potential for job disruption and corporate efficiency in the ways that the bank is setting up its AI agents to operate like human task-based workers. The Wall Street Journal reports on how the Madrid-based bank has integrated ChatGPT into its risk, marketing, talent and legal departments, with the ChatGPT enterprise tool, and as WSJ reporter Isabelle Bousquette writes , BBVA is not alone, although questions remain about scaling and the eventual extent to which ChatGPT can take over operations there. In short, there are unknowns. “We still need to learn a lot,” said Elena Alfaro, BBVA’s Head of Global AI Adoption, as reported in Bousquette’s piece. “In the next six months, I can tell you that we are going to increase our ChatGPT user base. What comes after—data will tell us.” Gas utilities can leverage Web3 to incentivize customers to adopt energy-efficient appliances, participate in energy conservation programs or even refer others to the service. Tokenized rewards can be redeemed for bill discounts or exclusive access to services, creating a symbiotic relationship between consumers and providers. MORE FOR YOU OpenAI and the Chip Wars: November 2024 Edition The new funding totals $150 million, including OpenAI’s new stake, and follows OpenAI’s contributing to a $25 million seed round two years ago. What do we know about Rain AI? Not a lot. Started by Gordon Wilson, the firm has some notable talent such as former Apple executive John-Didier Allegrucci, who is now the head of hardware engineering at Rain AI. I thought comments by Dan Ives of Wedbush were pretty salient in describing what Altman and others may be trying to do in the industry: “There’s a lot of buzz around everything Rain AI is doing,” Ives wrote as reported on Benzinga, “and it’s the early days of the AI revolution: there’s going to be many players, not just the ‘Godfather of AI’ Jensen Huang and Nvidia.” “Rain AI is one of the legitimate players at the table when it comes to the future of AI and chips,” he added, according to a posting on X. It pays to keep an eye on these corporate allegiances, as people see the landscape of the industry changing in the blink of an eye. Legacy Media and the AI Age There’s also quite a bit of kerfuffle about a story where AI allegedly destroyed data sets related to a legal case brought by newspapers who say that the company used their articles to train its models without their permission. The battle between traditional print media and Internet-based business has been going on for decades now. It’s extremely hard for the newspapers and conventional publications to protect their intellectual property. But this case is a little stranger, because of the timeline. Reportedly, OpenAI deleted the data sets before the legal case was actually brought. However, many theorize that they would have known about the potential outcome at the time of the deletion, which OpenAI says was accidental. You can read more about it here , or go to Reddit for some additional opinions. “OpenAI says it deleted the datasets in 2022,” posted lose_has_1_o. “The Authors’ Guild filed its class action lawsuit against OpenAI in late 2023.” “Chat GPT was released in 2022 using GPT-3 which was trained on that data,” wrote Nprism. “Immediately with its release were large criticisms and threats of lawsuits regarding this data. The writing was on the wall and this looks like destruction of evidence. Even if it wasn't, it may be sufficient to get a ruling of guilt.” Anyway, all of this is relevant now, as people continue to see OpenAI roll out its new models, with a reasoning system called Orion likely coming early in the new year. Stay tuned. Follow me on  LinkedIn . Check out my  website .