OpenAI news and archive

OpenAI raises 110 billion dollars in record funding round

OpenAI announced Friday a massive $110 billion funding round valuing the ChatGPT maker at $730 billion, with SoftBank, Nvidia and Amazon each making multi-billion-dollar commitments as the artificial intelligence company races to meet surging global demand. The investment round - one of the largest in Silicon Valley history - includes $30...

Fashion

CFDA and OpenAI launch Innovation Hub to develop AI solutions for fashion

The Council of Fashion Designers of America (CFDA) has teamed up with OpenAI on a two-year initiative that looks to bring AI tool builders together with CFDA members, with the goal of driving creativity and growth across the industry. As part of the partnership, the duo have launched the Innovation Hub, described as a “designer-centric approach...

Retail

Customers will soon be able to shop Walmart products via ChatGPT

US retail giant Walmart has announced a new partnership with OpenAI, through which it will soon make its products available to shop via AI-driven chatbot, ChatGPT. The move is already being hailed by Walmart executives as a next step in e-commerce, shifting from a static to dynamic experience. “For many years now, e-commerce shopping experiences...

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Business

Vogue publisher Condé Nast partners with OpenAI

Condé Nast has partnered with OpenAI, the US software company behind artificial intelligence (AI) tools such as ChatGPT. The aim of the collaboration is to increase the reach of the content of the US publisher of magazines such as Vogue, Glamour, GQ and The New Yorker, announced Roger Lynch, CEO of Condé Nast, in an internal letter published on...

Featured

Fashion

Copyright laws likely to pose challenges to the AI industry in 2024

Changing copyright laws can pose challenges and potential threats to the AI industry as the question of data usage and ownership restricts the use of AI models. Access to large and diverse datasets is crucial for AI development, and limitations on data usage can impede progress. A lawsuit launched by the New York Times against OpenAI and...

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Business

Why is the New York Times suing ChaptGPT

There is little dispute that ChatGPT can be a valuable tool for fashion journalists, marketers, designers and a whole spectrum of industry professionals. Despite the prompt lacking a thorough understanding of fashion facts and nuances - ‘recollections vary’ here too - there are many time-saving tasks from ideation and brainstorming to content...

Fashion

Zalando to launch virtual fashion assistant powered by ChatGPT

German-based European fashion e-tailer Zalando is looking to enhance the online fashion shopping experience with the launch of a virtual fashion assistant utilising OpenAI technology. In a statement, Zalando said it would launch the first beta version of its virtual fashion assistant powered by ChatGPT across its website and apps this spring to...