Rocket Drew

San Francisco

Writer at The Information

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Articles

OpenAI’s New Path to Conversion Faces Activist Opposition

1 week ago | theinformation.com | Rocket Drew

OpenAI has backed off on its plans to carve out its for-profit business, which is responsible for ChatGPT, from its nonprofit charity arm. However, OpenAI’s new proposal to restructure its ownership hasn’t won over nonprofit advocates who opposed the original plan. The advocates are pressing the attorneys general in Delaware and California to ensure the restructuring doesn’t shortchange the charity.
Delaware AG Is Hiring Bank in OpenAI Investigation

1 week ago | theinformation.com | Rocket Drew

Source: The Wall Street JournalThe attorney general of Delaware, where OpenAI is incorporated, is in the process of hiring an investment bank to help assess the value of OpenAI’s charitable assets, The Wall Street Journal reported Wednesday. Delaware AG Kathy Jennings, as well as the attorney general for California, where OpenAI is headquartered, both have to sign off before OpenAI can proceed with its planned restructuring.
Musk’s Lawyers Revive RICO Claims Against OpenAI

2 weeks ago | theinformation.com | Rocket Drew

Source: The InformationLawyers representing Elon Musk in his breach of charitable trust lawsuit against OpenAI amended their claims that OpenAI has violated and conspired to violate the Racketeer Influenced and Corrupt Organizations Act and breached an “implied covenant of good faith and fair dealing.”The judge overseeing the federal case dismissed these three claims earlier this month but allowed Musk’s lawyers to amend them, which they did in a court filing Thursday.
Tesla Shows Off Optimus Robots Doing Chores

2 weeks ago | theinformation.com | Rocket Drew

Source: The InformationTesla released a compilation video Tuesday of its Optimus humanoid robots that it says autonomously performed a variety of tasks, including throwing a trash bag into a bin and vacuuming the floor. Tesla’s CEO Elon Musk posted the video with the caption “the biggest product ever.”Musk has said that Tesla will produce over a million Optimus robots in 2030, but until recently, Tesla has shared little evidence to back up that projection.
Regeneron to Buy 23andMe for $256 Million

2 weeks ago | theinformation.com | Rocket Drew

Source: The InformationBiotechnology company Regeneron agreed to buy the assets of 23andMe, the DNA testing company that filed for bankruptcy in March, for $256 million. That’s just 4% of the San Francisco-based startup’s peak valuation as a public company in 2021. Publicly held Regeneron discovers new drugs using artificial intelligence. It said it would continue operating 23andMe’s genetic testing business.
OpenAI Nonprofit Should Be Able to Fire Execs, Lawyers Tell AGs

3 weeks ago | theinformation.com | Rocket Drew

Source: The InformationThe charitable nonprofit that controls OpenAI should maintain its full management control over the new for-profit entity as part of its planned conversion to a private benefit corporation, five lawyers who work at nonprofits and universities wrote to the attorneys general of California and Delaware, who are reviewing OpenAI’s plans. The signatories say OpenAI should explicitly give the charity the power to hire and fire executives and directors of the new for-profit entity.
The Open-Source Robotics Startup That Caught OpenAI’s Eye

3 weeks ago | flipboard.com | Rocket Drew

NowApple today announced that its next-generation CarPlay experience, now dubbed "‌CarPlay‌ Ultra" begins rolling out today, starting with Aston Martin vehicles. ‌CarPlay‌ Ultra is now available with new Aston Martin vehicle orders in the U.S. and Canada. It will also be available for existing models …
The Open-Source Robotics Startup That Caught OpenAI’s Eye

3 weeks ago | theinformation.com | Rocket Drew

In the last year, dozens of new robotics startups have launched. One of them, a recent graduate of the Y Combinator accelerator, is trying to distinguish itself by developing open-source AI models and other software for the humanoid robots it plans to sell, an increasingly popular approach in the sector. The proposition has attracted backers—and some curious onlookers from OpenAI.
SoftBank Notches First Profitable Year Since 2020

3 weeks ago | theinformation.com | Rocket Drew

Source: The InformationSoftBank said it earned 517 billion yen ($71.8 billion) before taxes in the quarter ending March 31, up from only $32 billion during the same period last year. For the fiscal year, the Japanese telecom conglomerate run by Masayoshi Son earned $1.2 billion, its first profit in four years. The quarterly profits were driven by investment gains on its shares of companies such as T-Mobile.
House Committee Proposes Decade Ban on State AI Laws

3 weeks ago | theinformation.com | Rocket Drew

Source: The InformationThe U.S. House Committee on Energy and Commerce on Sunday proposed a 10-year ban on state and local laws regulating artificial intelligence. That measure would block laws such as a New York state bill that would require AI companies to test AI models for safety risks, similar to a California attempt that failed last year.