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OpenAI faces a number of challenges, including heightened competition from Anthropic and Alphabet’s Google.

Startups & Tech

OpenAI files for US IPO after rival Anthropic as AI giants head to public markets

It is targeting a valuation of up to US$1 trillion in a stock market debut that could come as early as September, reported Reuters previously

To drive uptake, OpenAI is redesigning ChatGPT’s interface with new prompts and features steering users toward coding tools, image generation and partner services.

Telcos, Media & Tech

OpenAI plans ChatGPT ‘superapp’ overhaul ahead of listing, reports FT

Overhaul will give greater prominence and resources to OpenAI’s coding product Codex and is set to roll out in the coming weeks

The generative AI legal market will expand by US$2.1 billion between 2024 and 2029, says research firm Technavio.

Asia’s courts are drowning in paperwork. Can AI save them?

Firms across Asia say the bigger opportunity lies in automating the mundane tasks of local court systems

Elon Musk is among the tech executives that have referred to humans as “meat computers”.

NEWS ANALYSIS

To AI executives, we’re all just ‘meat computers’

This comparison has not landed well with a public anxious about the artificial intelligence future

Researchers found that the collective answers about elections, in particular, “failed on accuracy, bias, or source selection 90 per cent of the time."

Chatbots struggle with news accuracy and sourcing ahead of US midterms

xAI’s Grok returned at least a factual error nearly 52 per cent of the time

Denise Dresser, chief revenue officer at OpenAI, says Singapore has a "forward-leaning environment" and strong appetite for AI products.

Companies & Markets

OpenAI picks Singapore for first Applied AI Lab outside US in S$300 million push to tap ‘incredible talent here’

It will create 200 jobs and expand access to AI tools and expertise

Elon Musk's (left) complaints about OpenAI's Sam Altman (right) and Greg Brockman are deeply personal.

Telcos, Media & Tech

Elon Musk loses OpenAI court battle: 5 takeaways from the blockbuster trial

Musk is still determined to bring down OpenAI

Apple will allow users to select from third-party AI models and OpenAI could lose its unique role within Apple’s software.

Telcos, Media & Tech

OpenAI explores legal options against Apple: source

The AI startup fails to see expected benefits from its deal with iPhone maker

SoftBank has taken billions of US dollars in debt to finance its large-scale investments in OpenAI.

Telcos, Media & Tech

SoftBank cuts target for OpenAI margin loan by 40% to US$6 billion

Valuation concerns over the unlisted tech giant led investors to trim the US$10 billion plan

The Japanese investment conglomerate, led by founder Masayoshi Son, continues to strengthen ties with OpenAI as global tech firms race to gain an edge in the increasingly competitive generative AI space.

Banking & Finance

SoftBank secures US$40 billion loan to boost OpenAI investments

The loan underscores founder Masayoshi Son’s increasingly aggressive bet on AI

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