Today's news: OpenAI has no listing plan; Musk said that the decline in housing prices will accelerate in the future; Coinbase was sued by the SEC, and the stock price crashed; Cook: Apple is paying close attention to ChatGPT, etc.; Twitter is working on developing live video products
OpenAI has no plans to go public
Local time on Tuesday (June 6), Sam Altman, co-founder and CEO of the American technology company OpenAI, said that given the company's very strange structure, there is no plan to go public.
“When we develop a superintelligence, we may make some decisions that would be very strange to most investors,” Altman said at a conference in Abu Dhabi on Tuesday, when asked whether he would take OpenAI public. At the time, Altman replied: "I don't want to be sued by the open market and Wall Street and so on, so, (the answer is) no, not that interested."
Founded in 2015 as a non-profit, Open AI transformed into a for-profit startup in 2019 and received a $1 billion investment from Microsoft.
“We have a very strange structure where we have a profit cap,” Altman says. OpenAI defines itself as a capped-profit business, which allows it to raise outside funding. In January, Microsoft provided a second multi-year investment in Open AI, said to be as high as $10 billion, helping Open AI's current valuation of nearly $30 billion.
Musk says house price declines will accelerate ahead
On June 6, Musk said in response to a tweet about falling house prices in most economies tracked by the OECD: "As high interest rates make housing more unaffordable, this trend will accelerate." Citing data from the OECD, the tweet said house prices fell quarter-on-quarter in 31 of the 46 economies tracked by the organization.
Musk has repeatedly warned of a housing crisis in recent months. In late March, Musk responded to a tweet about U.S. commercial real estate debt by saying, “This is the most serious and immediate problem right now, and so are mortgages.” In a tweet at the end of May, he said: “ (U.S.) commercial real estate is collapsing fast, followed by house prices."
Coinbase was sued by the SEC, the stock price crashed
On the evening of June 6, Beijing time, according to reports, the U.S. Securities and Exchange Commission (SEC) sued the digital cryptocurrency exchange Coinbase in New York federal court today, accusing Coinbase of violating U.S. securities laws for many years.
The SEC said that as the largest digital cryptocurrency platform in the United States, Coinbase has long allowed users to trade a large number of digital encryption tokens (crypto tokens), which are actually unregistered securities, which violates US securities laws.
A Coinbase spokesperson has yet to comment.
In July last year, it was reported that Coinbase was being investigated by the SEC because Coinbase added more than a hundred additional digital encryption tokens to its platform, including Dogecoin (Dogecoin). The SEC believes that these are unregistered securities. Therefore, Coinbase's actions violated the relevant provisions of the US securities laws.
Cook: Apple is paying close attention to ChatGPT and others
According to foreign media reports, Apple CEO (CEO) Tim Cook (Tim Cook) admitted in a recent interview that he is also using the artificial intelligence (AI) chatbot ChatGPT, and Apple is paying close attention. Development of ChatGPT.
Although Cook is using ChatGPT, Apple has restricted employees from using OpenAI's ChatGPT, Microsoft's GitHub Copilot and other external artificial intelligence tools for fear of leaking relevant data.
ChatGPT is a new AI chat robot tool launched by OpenAI on November 30, 2022. It can quickly generate articles, stories, lyrics, prose, jokes, and even codes according to user requirements, and answer various questions.
On May 18 this year, OpenAI launched the iOS version of the ChatGPT application. In late May, the company announced that it had launched the official ChatGPT app for iPhone and iPad in more than 40 countries outside the US.
Since the release of ChatGPT, the wave of generative artificial intelligence has swept almost all technology companies, except Apple. However, Apple seems to have realized the importance of ChatGPT in the tech world. The company is developing its own similar technology, the sources said, but gave no other details.
Cook said in a recent interview that the company is patient with AI for now. "I do think it's important to be very thoughtful when developing and deploying large language models," he said.
Cook saw the potential risks of bias and misinformation from widespread use of large language models, citing the need for regulation of artificial intelligence.
Twitter is working on a live video product
According to news on June 6, according to people familiar with the matter and advertising industry sources, Twitter is developing a series of video products and services, including a new live video service.
It's Musk's latest effort to rescue the struggling social media platform with the help of incoming CEO Linda Yaccarino. One of Musk's current interests is Periscope, the live-streaming feature of a start-up that Twitter acquired in 2015 but shut down in early 2021 because it was too expensive to operate.
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