OpenAI plans to release its next big AI model by December
OpenAI will release its new AI model, Orion, by December 2024, initially limiting access to select partners. Orion is expected to be much more powerful than GPT-4 amid company restructuring.
Read original articleOpenAI is set to release its next major AI model, codenamed Orion, by December 2024, coinciding with the two-year anniversary of ChatGPT. Unlike previous models, Orion will not be widely available at launch; instead, access will be granted first to select partner companies for product development. Microsoft, OpenAI's primary collaborator, is preparing to host Orion on Azure as early as November. Orion is anticipated to be significantly more powerful than GPT-4, with some estimates suggesting it could be up to 100 times stronger. The model's development has involved using synthetic data from another OpenAI model, o1, which was recently completed. The release comes amid a transformative period for OpenAI, following a substantial $6.6 billion funding round and notable staff changes, including the departure of key executives. The company is also restructuring to operate as a for-profit entity.
- OpenAI plans to launch its new AI model, Orion, by December 2024.
- Initial access to Orion will be limited to select partner companies.
- Orion is expected to be significantly more powerful than GPT-4.
- The release follows a $6.6 billion funding round and key executive departures.
- OpenAI is restructuring to operate as a for-profit entity.
Related
OpenAI on verge of bankruptcy and heading for $5B in losses: Report
OpenAI faces potential losses of $5 billion in 2024, risking bankruptcy without funding. Despite high costs, analysts believe bankruptcy is unlikely due to support from major investors and ongoing innovations.
OpenAI Is Growing Fast and Burning Through Piles of Money
OpenAI's monthly revenue hit $300 million in August, with projected annual sales of $3.7 billion. Despite $5 billion in losses, it seeks $7 billion in investments, valuing it at $150 billion.
OpenAI sees roughly $5B loss this year on $3.7B in revenue
OpenAI anticipates $5 billion in losses this year despite $3.7 billion in revenue, with projections of $11.6 billion next year. The company is exploring a for-profit restructuring.
OpenAI Completes Deal That Values Company at $157B
OpenAI raised $6.6 billion, boosting its valuation to $157 billion. It projects $3.7 billion in sales but faces $5 billion in losses, amid leadership changes and a required for-profit transition.
OpenAI's Lead over Other AI Companies Has Largely Vanished
OpenAI's competitive edge in AI has diminished as models like Anthropic's Claude 3.5 and Google's Gemini 1.5 match or surpass GPT-4o, while inference costs decline significantly due to competition.
> fake news out of control
Related
OpenAI on verge of bankruptcy and heading for $5B in losses: Report
OpenAI faces potential losses of $5 billion in 2024, risking bankruptcy without funding. Despite high costs, analysts believe bankruptcy is unlikely due to support from major investors and ongoing innovations.
OpenAI Is Growing Fast and Burning Through Piles of Money
OpenAI's monthly revenue hit $300 million in August, with projected annual sales of $3.7 billion. Despite $5 billion in losses, it seeks $7 billion in investments, valuing it at $150 billion.
OpenAI sees roughly $5B loss this year on $3.7B in revenue
OpenAI anticipates $5 billion in losses this year despite $3.7 billion in revenue, with projections of $11.6 billion next year. The company is exploring a for-profit restructuring.
OpenAI Completes Deal That Values Company at $157B
OpenAI raised $6.6 billion, boosting its valuation to $157 billion. It projects $3.7 billion in sales but faces $5 billion in losses, amid leadership changes and a required for-profit transition.
OpenAI's Lead over Other AI Companies Has Largely Vanished
OpenAI's competitive edge in AI has diminished as models like Anthropic's Claude 3.5 and Google's Gemini 1.5 match or surpass GPT-4o, while inference costs decline significantly due to competition.