NewsFeed

March 29, 2025

Musk Slams Social Security as 'Fraudsters' on Fox News

Elon Musk, head of the Trump administration's Department of Government Efficiency, was criticized for his comments on Fox News, where he claimed that Social Security recipients are "fraudsters" as part of a Republican scheme to destroy the program. Musk and seven DOGE staffers appeared on the show, repeating unfounded claims about the high rate of fraud in Social Security, including 40% of calls to the SSA phone center being fraudulent.

https://www.rawstory.com/musk-berated-for-absurd-social-security-fraud-lies/

March 29, 2025

OpenAI Faces $40B Funding Deadline Pressure

OpenAI is under pressure to transition into a for-profit company by the end of the year to secure $40 billion in funding from SoftBank, with the option to scale back to $20 billion if the deadline isn't met. This accelerated timeline follows a two-year deadline set after its last round of financing.

https://channelnewsasia.com/business/openai-must-complete-profit-transition-year-end-raise-full-40-billion-5031636

March 29, 2025

OpenAI Seeks $40 Billion from SoftBank and Microsoft

OpenAI, backed by SoftBank, is set to complete a $40 billion funding round by the end of the year if it successfully transitions into a for-profit company. The company must meet this deadline to secure the full funding, with Microsoft as its largest backer.

https://www.khaleejtimes.com/business/openai-must-complete-for-profit-transition-by-year-end-to-raise-full-40-billion?utm_source=most-popular-business

March 29, 2025

OpenAI Valuation Surpasses $300 Billion Mark

The artificial intelligence boom has created $71 billion among its 29 founders, with OpenAI poised to become one of the world's most valuable startups with a $300 billion valuation, following the debut of ChatGPT in late 2022.

https://news.bloomberglaw.com/capital-markets/ai-boom-mints-71-billion-among-29-founders-vying-for-supremacy

March 29, 2025

Rapidus Aims to Mass Produce 2nm Chips

Japan's Rapidus aims to secure domestic output bases for chips, with its Chitose plant expected to produce cutting-edge semiconductors with a circuit line width of 2 nanometers, crucial for AI technology and autonomous driving systems. The company, backed by Toyota Motor and Nippon Telegraph and Telephone Corp., has adopted extreme ultraviolet lithography equipment, a key tool for narrow circuit line widths. Rapidus President Atsuyoshi Koike predicts mass production by 2027, with the goal of improving yield rates and reliability.

https://www.japantimes.co.jp/business/2025/03/29/companies/rapidus-chips-pilot-launch/

March 29, 2025

Kaspersky Urges Philippines to Unite Against Cyber Threats

Kaspersky is urging the public and private sectors in the Philippines to collaborate more closely to combat rising cyber threats, with managing director Adrian Hia emphasizing the need for collective action to safeguard the country's digital landscape. Cybercriminals are constantly adapting, making cybersecurity a continuous effort that requires proactive measures from businesses, government agencies, and individuals through collaboration, threat intelligence sharing, and advanced security frameworks.

https://www.manilatimes.net/2025/03/30/business/sunday-business-it/stronger-cybersecurity-measures-in-ph-urged/2082606

March 29, 2025

Miyazaki Slams AI-Generated Art as 'Insult to Life'

Sam Altman, CEO of OpenAI, has expressed optimism about the latest update to its GPT-4o tool, taking a conservative approach to mimic individual artists' styles while allowing for broader studio styles that have generated inspiring fan creations. In contrast, renowned filmmaker Hayao Miyazaki, known for works like Spirited Away and My Neighbour Totoro, has expressed disgust towards AI-generated content, stating it's an "insult to life itself" and claiming the technology lacks understanding of human emotions.

https://www.ndtv.com/world-news/explained-why-studio-ghibli-style-ai-art-is-getting-backlash-on-social-media-8037989#pfrom=home-ndtv_topstories

March 29, 2025

OpenAI Bans ChatGPT Users Over Ghibli Copyright Infringement

ChatGPT users are facing error messages due to copyright concerns. The issue is related to the use of Studio Ghibli's style in AI-generated images, which has led to a ban on such content by OpenAI. This move aims to protect the intellectual property rights of the Japanese animation studio.

https://www.livemint.com/technology/tech-news/has-openai-banned-ghibli-style-ai-images-chatgpt-users-face-error-messages-amid-copyright-concerns-11743213888022.html

March 29, 2025

OpenAI Loosens Image Generation Guidelines Slightly

OpenAI has updated its guidelines for generating images with ChatGPT, allowing users to create hateful symbols in neutral contexts while avoiding praise or endorsement of extremist agendas. The new policy also permits image generation of public figures like Elon Musk and Donald Trump, a feature previously restricted. In contrast to DALL-e 3, the previous AI image generator of ChatGPT, OpenAI's updated rules have more safeguards for generating images of children.

https://www.ndtv.com/world-news/openai-new-image-generator-how-to-get-chatgpt-plus-for-studio-ghibli-like-images-8038216