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Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
A 2021 study found that Hispanic Americans paid $3.1 billion in overdraft fees a year Black Americans were hit with $1.4 billion in total. Another survey found they paid double the amount of fees than White people did.
Menendez commended Citibank’s Fraser for her company eliminating such fees in 2022 after government officials urged an end to the practice. Big banks like Citi also face competitive pressures from fintech startups and smaller banks, like Ally Bank, that offer bank accounts without overdraft fees.
“Is it fair to say that Citi is still a profitable bank?” Menendez asked Fraser.
“Yes, Senator,” Fraser replied.
Menendez pressed her further, asking if their elimination led to wholesale changes at the bank.
“Did [removing] overdraft fees upend your business model,” Menendez continued.
“No, Senator,” Fraser answered.
|
7301
|
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
A 2021 study found that Hispanic Americans paid $3.1 billion in overdraft fees a year Black Americans were hit with $1.4 billion in total. Another survey found they paid double the amount of fees than White people did.
Menendez commended Citibank’s Fraser for her company eliminating such fees in 2022 after government officials urged an end to the practice. Big banks like Citi also face competitive pressures from fintech startups and smaller banks, like Ally Bank, that offer bank accounts without overdraft fees.
“Is it fair to say that Citi is still a profitable bank?” Menendez asked Fraser.
“Yes, Senator,” Fraser replied.
Menendez pressed her further, asking if their elimination led to wholesale changes at the bank.
“Did [removing] overdraft fees upend your business model,” Menendez continued.
“No, Senator,” Fraser answered. “We work hard to protect our customers and make sure that they don’t fall into overdraft.”
Menendez used this line of questioning to encourage Scharff, Dimon, and Moynihan to learn from Fraser and Citigroup.
|
7302
|
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
Another survey found they paid double the amount of fees than White people did.
Menendez commended Citibank’s Fraser for her company eliminating such fees in 2022 after government officials urged an end to the practice. Big banks like Citi also face competitive pressures from fintech startups and smaller banks, like Ally Bank, that offer bank accounts without overdraft fees.
“Is it fair to say that Citi is still a profitable bank?” Menendez asked Fraser.
“Yes, Senator,” Fraser replied.
Menendez pressed her further, asking if their elimination led to wholesale changes at the bank.
“Did [removing] overdraft fees upend your business model,” Menendez continued.
“No, Senator,” Fraser answered. “We work hard to protect our customers and make sure that they don’t fall into overdraft.”
Menendez used this line of questioning to encourage Scharff, Dimon, and Moynihan to learn from Fraser and Citigroup. “I suggest you call Mr.
|
7303
|
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
Menendez commended Citibank’s Fraser for her company eliminating such fees in 2022 after government officials urged an end to the practice. Big banks like Citi also face competitive pressures from fintech startups and smaller banks, like Ally Bank, that offer bank accounts without overdraft fees.
“Is it fair to say that Citi is still a profitable bank?” Menendez asked Fraser.
“Yes, Senator,” Fraser replied.
Menendez pressed her further, asking if their elimination led to wholesale changes at the bank.
“Did [removing] overdraft fees upend your business model,” Menendez continued.
“No, Senator,” Fraser answered. “We work hard to protect our customers and make sure that they don’t fall into overdraft.”
Menendez used this line of questioning to encourage Scharff, Dimon, and Moynihan to learn from Fraser and Citigroup. “I suggest you call Mr. Fraser after this hearing to figure out how you can still be able to eliminate the fees in their entirety and still run a profitable bank,” Menendez urged Scharff, Moynihan, and Dimon.
|
7304
|
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
Big banks like Citi also face competitive pressures from fintech startups and smaller banks, like Ally Bank, that offer bank accounts without overdraft fees.
“Is it fair to say that Citi is still a profitable bank?” Menendez asked Fraser.
“Yes, Senator,” Fraser replied.
Menendez pressed her further, asking if their elimination led to wholesale changes at the bank.
“Did [removing] overdraft fees upend your business model,” Menendez continued.
“No, Senator,” Fraser answered. “We work hard to protect our customers and make sure that they don’t fall into overdraft.”
Menendez used this line of questioning to encourage Scharff, Dimon, and Moynihan to learn from Fraser and Citigroup. “I suggest you call Mr. Fraser after this hearing to figure out how you can still be able to eliminate the fees in their entirety and still run a profitable bank,” Menendez urged Scharff, Moynihan, and Dimon.
The other banks have made some steps to ease overdraft fees but haven’t done away with them completely.
|
7305
|
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
“Is it fair to say that Citi is still a profitable bank?” Menendez asked Fraser.
“Yes, Senator,” Fraser replied.
Menendez pressed her further, asking if their elimination led to wholesale changes at the bank.
“Did [removing] overdraft fees upend your business model,” Menendez continued.
“No, Senator,” Fraser answered. “We work hard to protect our customers and make sure that they don’t fall into overdraft.”
Menendez used this line of questioning to encourage Scharff, Dimon, and Moynihan to learn from Fraser and Citigroup. “I suggest you call Mr. Fraser after this hearing to figure out how you can still be able to eliminate the fees in their entirety and still run a profitable bank,” Menendez urged Scharff, Moynihan, and Dimon.
The other banks have made some steps to ease overdraft fees but haven’t done away with them completely. In 2021, JPMorgan Chase eliminated fees for overdrafts that were under $50.
|
7306
|
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
“Yes, Senator,” Fraser replied.
Menendez pressed her further, asking if their elimination led to wholesale changes at the bank.
“Did [removing] overdraft fees upend your business model,” Menendez continued.
“No, Senator,” Fraser answered. “We work hard to protect our customers and make sure that they don’t fall into overdraft.”
Menendez used this line of questioning to encourage Scharff, Dimon, and Moynihan to learn from Fraser and Citigroup. “I suggest you call Mr. Fraser after this hearing to figure out how you can still be able to eliminate the fees in their entirety and still run a profitable bank,” Menendez urged Scharff, Moynihan, and Dimon.
The other banks have made some steps to ease overdraft fees but haven’t done away with them completely. In 2021, JPMorgan Chase eliminated fees for overdrafts that were under $50. The new policy still led to an increase in revenue from overdraft fees, which rose 3% in 2022, a year after the policy was implemented, according to Bloomberg.
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7307
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Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
“No, Senator,” Fraser answered. “We work hard to protect our customers and make sure that they don’t fall into overdraft.”
Menendez used this line of questioning to encourage Scharff, Dimon, and Moynihan to learn from Fraser and Citigroup. “I suggest you call Mr. Fraser after this hearing to figure out how you can still be able to eliminate the fees in their entirety and still run a profitable bank,” Menendez urged Scharff, Moynihan, and Dimon.
The other banks have made some steps to ease overdraft fees but haven’t done away with them completely. In 2021, JPMorgan Chase eliminated fees for overdrafts that were under $50. The new policy still led to an increase in revenue from overdraft fees, which rose 3% in 2022, a year after the policy was implemented, according to Bloomberg. Wells Fargo also loosened its rules without getting rid of the fees entirely, affording customers a 24-hour grace period to pay back any overdrafted accounts.
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7308
|
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers
“I suggest you call Mr. Fraser after this hearing to figure out how you can still be able to eliminate the fees in their entirety and still run a profitable bank,” Menendez urged Scharff, Moynihan, and Dimon.
The other banks have made some steps to ease overdraft fees but haven’t done away with them completely. In 2021, JPMorgan Chase eliminated fees for overdrafts that were under $50. The new policy still led to an increase in revenue from overdraft fees, which rose 3% in 2022, a year after the policy was implemented, according to Bloomberg. Wells Fargo also loosened its rules without getting rid of the fees entirely, affording customers a 24-hour grace period to pay back any overdrafted accounts. Meanwhile, Bank of America cut its overdraft fees from $35 to $10.
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7309
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Biden’s AI EO hailed as broad, but not deep without legislation to match
The Biden administration announced the details of a long-awaited executive order on AI today, ahead of an international summit on AI safety being held in the U.K. But as with all such orders, what the president can dictate without legislative support is limited, as numerous experts and stakeholders emphasized in response.
The order comes as governments across the globe continue their attempts to address the opportunities and risks of AI, which has so far proved too fast a moving target for regulators. Facing twin risks of premature action chilling innovation and dilatory action permitting abuse or exploitation, the U.S. and EU have avoided the first but due to lengthy argument and drafting processes are rolling headlong toward the second.
Biden’s EO operates as a stopgap that props up the “voluntary” practices many companies are already choosing to implement. The limits on what a president can do with a wave of their hand means it’s a lot of sharing results, developing best practices and providing clear guidance.
|
7310
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
The Biden administration announced the details of a long-awaited executive order on AI today, ahead of an international summit on AI safety being held in the U.K. But as with all such orders, what the president can dictate without legislative support is limited, as numerous experts and stakeholders emphasized in response.
The order comes as governments across the globe continue their attempts to address the opportunities and risks of AI, which has so far proved too fast a moving target for regulators. Facing twin risks of premature action chilling innovation and dilatory action permitting abuse or exploitation, the U.S. and EU have avoided the first but due to lengthy argument and drafting processes are rolling headlong toward the second.
Biden’s EO operates as a stopgap that props up the “voluntary” practices many companies are already choosing to implement. The limits on what a president can do with a wave of their hand means it’s a lot of sharing results, developing best practices and providing clear guidance.
That’s because right now there is no legislative remedy to potential AI risks and abuses outside of those that can be applied to tech companies in general — which many have argued over the years are also inadequate.
|
7311
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
The order comes as governments across the globe continue their attempts to address the opportunities and risks of AI, which has so far proved too fast a moving target for regulators. Facing twin risks of premature action chilling innovation and dilatory action permitting abuse or exploitation, the U.S. and EU have avoided the first but due to lengthy argument and drafting processes are rolling headlong toward the second.
Biden’s EO operates as a stopgap that props up the “voluntary” practices many companies are already choosing to implement. The limits on what a president can do with a wave of their hand means it’s a lot of sharing results, developing best practices and providing clear guidance.
That’s because right now there is no legislative remedy to potential AI risks and abuses outside of those that can be applied to tech companies in general — which many have argued over the years are also inadequate. Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
|
7312
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
Facing twin risks of premature action chilling innovation and dilatory action permitting abuse or exploitation, the U.S. and EU have avoided the first but due to lengthy argument and drafting processes are rolling headlong toward the second.
Biden’s EO operates as a stopgap that props up the “voluntary” practices many companies are already choosing to implement. The limits on what a president can do with a wave of their hand means it’s a lot of sharing results, developing best practices and providing clear guidance.
That’s because right now there is no legislative remedy to potential AI risks and abuses outside of those that can be applied to tech companies in general — which many have argued over the years are also inadequate. Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
Meanwhile, a comprehensive law defining and limiting the use of AI seems as far off now as it was years ago.
|
7313
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
Facing twin risks of premature action chilling innovation and dilatory action permitting abuse or exploitation, the U.S. and EU have avoided the first but due to lengthy argument and drafting processes are rolling headlong toward the second.
Biden’s EO operates as a stopgap that props up the “voluntary” practices many companies are already choosing to implement. The limits on what a president can do with a wave of their hand means it’s a lot of sharing results, developing best practices and providing clear guidance.
That’s because right now there is no legislative remedy to potential AI risks and abuses outside of those that can be applied to tech companies in general — which many have argued over the years are also inadequate. Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
Meanwhile, a comprehensive law defining and limiting the use of AI seems as far off now as it was years ago. The industry and technology have evolved so quickly that any rule would likely be outdated by the time it was passed.
|
7314
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
and EU have avoided the first but due to lengthy argument and drafting processes are rolling headlong toward the second.
Biden’s EO operates as a stopgap that props up the “voluntary” practices many companies are already choosing to implement. The limits on what a president can do with a wave of their hand means it’s a lot of sharing results, developing best practices and providing clear guidance.
That’s because right now there is no legislative remedy to potential AI risks and abuses outside of those that can be applied to tech companies in general — which many have argued over the years are also inadequate. Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
Meanwhile, a comprehensive law defining and limiting the use of AI seems as far off now as it was years ago. The industry and technology have evolved so quickly that any rule would likely be outdated by the time it was passed. It’s not even really clear what ought to be legislatively limited, as opposed to being left to state law or expert agencies.
|
7315
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
The limits on what a president can do with a wave of their hand means it’s a lot of sharing results, developing best practices and providing clear guidance.
That’s because right now there is no legislative remedy to potential AI risks and abuses outside of those that can be applied to tech companies in general — which many have argued over the years are also inadequate. Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
Meanwhile, a comprehensive law defining and limiting the use of AI seems as far off now as it was years ago. The industry and technology have evolved so quickly that any rule would likely be outdated by the time it was passed. It’s not even really clear what ought to be legislatively limited, as opposed to being left to state law or expert agencies.
Perhaps the wisest approach is to set up a new federal agency dedicated to regulating AI and technology, but this cannot be accomplished by fiat.
|
7316
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
That’s because right now there is no legislative remedy to potential AI risks and abuses outside of those that can be applied to tech companies in general — which many have argued over the years are also inadequate. Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
Meanwhile, a comprehensive law defining and limiting the use of AI seems as far off now as it was years ago. The industry and technology have evolved so quickly that any rule would likely be outdated by the time it was passed. It’s not even really clear what ought to be legislatively limited, as opposed to being left to state law or expert agencies.
Perhaps the wisest approach is to set up a new federal agency dedicated to regulating AI and technology, but this cannot be accomplished by fiat. In the meantime, the EO at least instructs several AI-focused groups, like one in the Department of Health and Human Services dedicated to handling and assessing reports of AI-related harms in healthcare.
|
7317
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
Meanwhile, a comprehensive law defining and limiting the use of AI seems as far off now as it was years ago. The industry and technology have evolved so quickly that any rule would likely be outdated by the time it was passed. It’s not even really clear what ought to be legislatively limited, as opposed to being left to state law or expert agencies.
Perhaps the wisest approach is to set up a new federal agency dedicated to regulating AI and technology, but this cannot be accomplished by fiat. In the meantime, the EO at least instructs several AI-focused groups, like one in the Department of Health and Human Services dedicated to handling and assessing reports of AI-related harms in healthcare.
Senator Mark Warner of Virginia said he was “impressed by the breadth” of the order, though, he implies, not the depth.
|
7318
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Federal action on social media and de facto monopolies like Amazon and Google has been sporadic, though a hawkish new FTC may change that trend.
Meanwhile, a comprehensive law defining and limiting the use of AI seems as far off now as it was years ago. The industry and technology have evolved so quickly that any rule would likely be outdated by the time it was passed. It’s not even really clear what ought to be legislatively limited, as opposed to being left to state law or expert agencies.
Perhaps the wisest approach is to set up a new federal agency dedicated to regulating AI and technology, but this cannot be accomplished by fiat. In the meantime, the EO at least instructs several AI-focused groups, like one in the Department of Health and Human Services dedicated to handling and assessing reports of AI-related harms in healthcare.
Senator Mark Warner of Virginia said he was “impressed by the breadth” of the order, though, he implies, not the depth.
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement.
|
7319
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Biden’s AI EO hailed as broad, but not deep without legislation to match
The industry and technology have evolved so quickly that any rule would likely be outdated by the time it was passed. It’s not even really clear what ought to be legislatively limited, as opposed to being left to state law or expert agencies.
Perhaps the wisest approach is to set up a new federal agency dedicated to regulating AI and technology, but this cannot be accomplished by fiat. In the meantime, the EO at least instructs several AI-focused groups, like one in the Department of Health and Human Services dedicated to handling and assessing reports of AI-related harms in healthcare.
Senator Mark Warner of Virginia said he was “impressed by the breadth” of the order, though, he implies, not the depth.
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement. “At the same time, many of these just scratch the surface – particularly in areas like health care and competition policy.
|
7320
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Biden’s AI EO hailed as broad, but not deep without legislation to match
It’s not even really clear what ought to be legislatively limited, as opposed to being left to state law or expert agencies.
Perhaps the wisest approach is to set up a new federal agency dedicated to regulating AI and technology, but this cannot be accomplished by fiat. In the meantime, the EO at least instructs several AI-focused groups, like one in the Department of Health and Human Services dedicated to handling and assessing reports of AI-related harms in healthcare.
Senator Mark Warner of Virginia said he was “impressed by the breadth” of the order, though, he implies, not the depth.
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement. “At the same time, many of these just scratch the surface – particularly in areas like health care and competition policy. While this is a good step forward, we need additional legislative measures, and I will continue to work diligently…” etc.
|
7321
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Perhaps the wisest approach is to set up a new federal agency dedicated to regulating AI and technology, but this cannot be accomplished by fiat. In the meantime, the EO at least instructs several AI-focused groups, like one in the Department of Health and Human Services dedicated to handling and assessing reports of AI-related harms in healthcare.
Senator Mark Warner of Virginia said he was “impressed by the breadth” of the order, though, he implies, not the depth.
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement. “At the same time, many of these just scratch the surface – particularly in areas like health care and competition policy. While this is a good step forward, we need additional legislative measures, and I will continue to work diligently…” etc.
Given the state of the legislature and the fact that an incredibly contentious election period is upcoming, it will be a miracle if any substantive law whatsoever is passed in the near future, let alone a potentially divisive and complex bill like AI rules.
|
7322
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Biden’s AI EO hailed as broad, but not deep without legislation to match
In the meantime, the EO at least instructs several AI-focused groups, like one in the Department of Health and Human Services dedicated to handling and assessing reports of AI-related harms in healthcare.
Senator Mark Warner of Virginia said he was “impressed by the breadth” of the order, though, he implies, not the depth.
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement. “At the same time, many of these just scratch the surface – particularly in areas like health care and competition policy. While this is a good step forward, we need additional legislative measures, and I will continue to work diligently…” etc.
Given the state of the legislature and the fact that an incredibly contentious election period is upcoming, it will be a miracle if any substantive law whatsoever is passed in the near future, let alone a potentially divisive and complex bill like AI rules.
Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, acknowledged both sides of the issue.
|
7323
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Senator Mark Warner of Virginia said he was “impressed by the breadth” of the order, though, he implies, not the depth.
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement. “At the same time, many of these just scratch the surface – particularly in areas like health care and competition policy. While this is a good step forward, we need additional legislative measures, and I will continue to work diligently…” etc.
Given the state of the legislature and the fact that an incredibly contentious election period is upcoming, it will be a miracle if any substantive law whatsoever is passed in the near future, let alone a potentially divisive and complex bill like AI rules.
Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, acknowledged both sides of the issue.
“President Biden is sending a valuable message that certain AI systems create immediate risks that demand immediate attention.
|
7324
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Biden’s AI EO hailed as broad, but not deep without legislation to match
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement. “At the same time, many of these just scratch the surface – particularly in areas like health care and competition policy. While this is a good step forward, we need additional legislative measures, and I will continue to work diligently…” etc.
Given the state of the legislature and the fact that an incredibly contentious election period is upcoming, it will be a miracle if any substantive law whatsoever is passed in the near future, let alone a potentially divisive and complex bill like AI rules.
Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, acknowledged both sides of the issue.
“President Biden is sending a valuable message that certain AI systems create immediate risks that demand immediate attention. The administration is moving in the right direction,” he wrote.
|
7325
|
Biden’s AI EO hailed as broad, but not deep without legislation to match
“I am also happy to see a number of sections that closely align with my efforts around AI safety and security and federal government’s use of AI,” he said in a statement. “At the same time, many of these just scratch the surface – particularly in areas like health care and competition policy. While this is a good step forward, we need additional legislative measures, and I will continue to work diligently…” etc.
Given the state of the legislature and the fact that an incredibly contentious election period is upcoming, it will be a miracle if any substantive law whatsoever is passed in the near future, let alone a potentially divisive and complex bill like AI rules.
Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, acknowledged both sides of the issue.
“President Biden is sending a valuable message that certain AI systems create immediate risks that demand immediate attention. The administration is moving in the right direction,” he wrote. “But today is just the beginning of a regulatory process that will be long and arduous–and ultimately must require that the companies profiting from AI bear the burden of proving that their products are safe and effective, just as the manufacturers of pharmaceuticals or industrial chemicals or airplanes must demonstrate that their products are safe and effective.
|
7326
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Biden’s AI EO hailed as broad, but not deep without legislation to match
While this is a good step forward, we need additional legislative measures, and I will continue to work diligently…” etc.
Given the state of the legislature and the fact that an incredibly contentious election period is upcoming, it will be a miracle if any substantive law whatsoever is passed in the near future, let alone a potentially divisive and complex bill like AI rules.
Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, acknowledged both sides of the issue.
“President Biden is sending a valuable message that certain AI systems create immediate risks that demand immediate attention. The administration is moving in the right direction,” he wrote. “But today is just the beginning of a regulatory process that will be long and arduous–and ultimately must require that the companies profiting from AI bear the burden of proving that their products are safe and effective, just as the manufacturers of pharmaceuticals or industrial chemicals or airplanes must demonstrate that their products are safe and effective. Without fresh resources provided by Congress, it’s not clear that the federal government has the resources to assess the vastly complicated training process or the adequacy of red-teaming and other necessary testing.”
Sheila Gulati, co-founder of Tola Capital, said the EO showed a “clear intention to walk the line of promoting innovation while protecting citizens.”
“It is most essential that we don’t prevent agile innovation by startups.
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7327
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Biden’s AI EO hailed as broad, but not deep without legislation to match
“President Biden is sending a valuable message that certain AI systems create immediate risks that demand immediate attention. The administration is moving in the right direction,” he wrote. “But today is just the beginning of a regulatory process that will be long and arduous–and ultimately must require that the companies profiting from AI bear the burden of proving that their products are safe and effective, just as the manufacturers of pharmaceuticals or industrial chemicals or airplanes must demonstrate that their products are safe and effective. Without fresh resources provided by Congress, it’s not clear that the federal government has the resources to assess the vastly complicated training process or the adequacy of red-teaming and other necessary testing.”
Sheila Gulati, co-founder of Tola Capital, said the EO showed a “clear intention to walk the line of promoting innovation while protecting citizens.”
“It is most essential that we don’t prevent agile innovation by startups. Putting AI explainability at the forefront, taking a risk-based approach with more focus on areas where harm or bias could be at play, and bringing security and privacy to the center of focus are all sensible steps,” she told TechCrunch.
|
7328
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Biden’s AI EO hailed as broad, but not deep without legislation to match
“But today is just the beginning of a regulatory process that will be long and arduous–and ultimately must require that the companies profiting from AI bear the burden of proving that their products are safe and effective, just as the manufacturers of pharmaceuticals or industrial chemicals or airplanes must demonstrate that their products are safe and effective. Without fresh resources provided by Congress, it’s not clear that the federal government has the resources to assess the vastly complicated training process or the adequacy of red-teaming and other necessary testing.”
Sheila Gulati, co-founder of Tola Capital, said the EO showed a “clear intention to walk the line of promoting innovation while protecting citizens.”
“It is most essential that we don’t prevent agile innovation by startups. Putting AI explainability at the forefront, taking a risk-based approach with more focus on areas where harm or bias could be at play, and bringing security and privacy to the center of focus are all sensible steps,” she told TechCrunch. “With this executive order and the standards implications through NIST, we would anticipate leadership from standards bodies versus legislators in the near term.”
It is worth mentioning as well that the federal government is a major customer of today’s AI and tech products, and any company that intends to keep them as a customer will want to color inside the lines for the immediate future.
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7329
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Putting AI explainability at the forefront, taking a risk-based approach with more focus on areas where harm or bias could be at play, and bringing security and privacy to the center of focus are all sensible steps,” she told TechCrunch. “With this executive order and the standards implications through NIST, we would anticipate leadership from standards bodies versus legislators in the near term.”
It is worth mentioning as well that the federal government is a major customer of today’s AI and tech products, and any company that intends to keep them as a customer will want to color inside the lines for the immediate future.
Bob Cattanach, partner at legal mega-firm Dorsey and Whitney, added that the timing feels slightly off.
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7330
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Putting AI explainability at the forefront, taking a risk-based approach with more focus on areas where harm or bias could be at play, and bringing security and privacy to the center of focus are all sensible steps,” she told TechCrunch. “With this executive order and the standards implications through NIST, we would anticipate leadership from standards bodies versus legislators in the near term.”
It is worth mentioning as well that the federal government is a major customer of today’s AI and tech products, and any company that intends to keep them as a customer will want to color inside the lines for the immediate future.
Bob Cattanach, partner at legal mega-firm Dorsey and Whitney, added that the timing feels slightly off.
“…The Executive Order awkwardly preempts the voice of Vice President Harris at a U.K.-hosted Summit on AI later this week, signaling that White House concerns over the largely unregulated space were so grave that Biden was prepared to alienate key allies by taking unilateral action rather than accept the delays inherent in the more collaborative process currently underway in the EU.”
Alienate is perhaps a strong word for it.
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Biden’s AI EO hailed as broad, but not deep without legislation to match
“With this executive order and the standards implications through NIST, we would anticipate leadership from standards bodies versus legislators in the near term.”
It is worth mentioning as well that the federal government is a major customer of today’s AI and tech products, and any company that intends to keep them as a customer will want to color inside the lines for the immediate future.
Bob Cattanach, partner at legal mega-firm Dorsey and Whitney, added that the timing feels slightly off.
“…The Executive Order awkwardly preempts the voice of Vice President Harris at a U.K.-hosted Summit on AI later this week, signaling that White House concerns over the largely unregulated space were so grave that Biden was prepared to alienate key allies by taking unilateral action rather than accept the delays inherent in the more collaborative process currently underway in the EU.”
Alienate is perhaps a strong word for it. And of course, the U.K. is not the EU.
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Biden’s AI EO hailed as broad, but not deep without legislation to match
“With this executive order and the standards implications through NIST, we would anticipate leadership from standards bodies versus legislators in the near term.”
It is worth mentioning as well that the federal government is a major customer of today’s AI and tech products, and any company that intends to keep them as a customer will want to color inside the lines for the immediate future.
Bob Cattanach, partner at legal mega-firm Dorsey and Whitney, added that the timing feels slightly off.
“…The Executive Order awkwardly preempts the voice of Vice President Harris at a U.K.-hosted Summit on AI later this week, signaling that White House concerns over the largely unregulated space were so grave that Biden was prepared to alienate key allies by taking unilateral action rather than accept the delays inherent in the more collaborative process currently underway in the EU.”
Alienate is perhaps a strong word for it. And of course, the U.K. is not the EU. And that “more collaborative process” will likely take a few more years, and it’s unlikely the administration wants to wait until then.
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Bob Cattanach, partner at legal mega-firm Dorsey and Whitney, added that the timing feels slightly off.
“…The Executive Order awkwardly preempts the voice of Vice President Harris at a U.K.-hosted Summit on AI later this week, signaling that White House concerns over the largely unregulated space were so grave that Biden was prepared to alienate key allies by taking unilateral action rather than accept the delays inherent in the more collaborative process currently underway in the EU.”
Alienate is perhaps a strong word for it. And of course, the U.K. is not the EU. And that “more collaborative process” will likely take a few more years, and it’s unlikely the administration wants to wait until then. But it might indeed have been more coherent and ally-like to have Harris discuss the EO at the summit. Her remarks (which will no doubt suggest the need for international harmony in AI regulation, with the U.S.
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Biden’s AI EO hailed as broad, but not deep without legislation to match
Bob Cattanach, partner at legal mega-firm Dorsey and Whitney, added that the timing feels slightly off.
“…The Executive Order awkwardly preempts the voice of Vice President Harris at a U.K.-hosted Summit on AI later this week, signaling that White House concerns over the largely unregulated space were so grave that Biden was prepared to alienate key allies by taking unilateral action rather than accept the delays inherent in the more collaborative process currently underway in the EU.”
Alienate is perhaps a strong word for it. And of course, the U.K. is not the EU. And that “more collaborative process” will likely take a few more years, and it’s unlikely the administration wants to wait until then. But it might indeed have been more coherent and ally-like to have Harris discuss the EO at the summit. Her remarks (which will no doubt suggest the need for international harmony in AI regulation, with the U.S. modestly taking the lead) will be streamed on November 1, and you should be able to tune in here.
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How OpenAI's ChatGPT has changed the world in just a year
Over the course of two months from its debut in November 2022, ChatGPT exploded in popularity, from niche online curio to 100 million monthly active users — the fastest user base growth in the history of the Internet. In less than a year, it has earned the backing of Silicon Valley’s biggest firms, and been shoehorned into myriad applications from academia and the arts to marketing, medicine, gaming and government.
In short ChatGPT is just about everywhere. Few industries have remained untouched by the viral adoption of the generative AI’s tools. On the first anniversary of its release, let’s take a look back on the year of ChatGPT that brought us here.
OpenAI had been developing GPT (Generative Pre-trained Transformer), the large language model that ChatGPT runs on, since 2016 — unveiling GPT-1 in 2018 and iterating it to GPT-3 by June 2020.
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How OpenAI's ChatGPT has changed the world in just a year
Over the course of two months from its debut in November 2022, ChatGPT exploded in popularity, from niche online curio to 100 million monthly active users — the fastest user base growth in the history of the Internet. In less than a year, it has earned the backing of Silicon Valley’s biggest firms, and been shoehorned into myriad applications from academia and the arts to marketing, medicine, gaming and government.
In short ChatGPT is just about everywhere. Few industries have remained untouched by the viral adoption of the generative AI’s tools. On the first anniversary of its release, let’s take a look back on the year of ChatGPT that brought us here.
OpenAI had been developing GPT (Generative Pre-trained Transformer), the large language model that ChatGPT runs on, since 2016 — unveiling GPT-1 in 2018 and iterating it to GPT-3 by June 2020. With the November 30, 2022 release of GPT-3.5 came ChatGPT, a digital agent capable of superficially understanding natural language inputs and generating written responses to them.
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How OpenAI's ChatGPT has changed the world in just a year
In less than a year, it has earned the backing of Silicon Valley’s biggest firms, and been shoehorned into myriad applications from academia and the arts to marketing, medicine, gaming and government.
In short ChatGPT is just about everywhere. Few industries have remained untouched by the viral adoption of the generative AI’s tools. On the first anniversary of its release, let’s take a look back on the year of ChatGPT that brought us here.
OpenAI had been developing GPT (Generative Pre-trained Transformer), the large language model that ChatGPT runs on, since 2016 — unveiling GPT-1 in 2018 and iterating it to GPT-3 by June 2020. With the November 30, 2022 release of GPT-3.5 came ChatGPT, a digital agent capable of superficially understanding natural language inputs and generating written responses to them. Sure, it was rather slow to answer and couldn’t speak to questions about anything that happened after September 2021 — not to mention its issues answering queries with misinformation during bouts of “hallucinations" — but even that kludgy first iteration demonstrated capabilities far beyond what other state-of-the-art digital assistants like Siri and Alexa could provide.
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7338
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How OpenAI's ChatGPT has changed the world in just a year
On the first anniversary of its release, let’s take a look back on the year of ChatGPT that brought us here.
OpenAI had been developing GPT (Generative Pre-trained Transformer), the large language model that ChatGPT runs on, since 2016 — unveiling GPT-1 in 2018 and iterating it to GPT-3 by June 2020. With the November 30, 2022 release of GPT-3.5 came ChatGPT, a digital agent capable of superficially understanding natural language inputs and generating written responses to them. Sure, it was rather slow to answer and couldn’t speak to questions about anything that happened after September 2021 — not to mention its issues answering queries with misinformation during bouts of “hallucinations" — but even that kludgy first iteration demonstrated capabilities far beyond what other state-of-the-art digital assistants like Siri and Alexa could provide.
ChatGPT’s release timing couldn’t have been better.
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How OpenAI's ChatGPT has changed the world in just a year
OpenAI had been developing GPT (Generative Pre-trained Transformer), the large language model that ChatGPT runs on, since 2016 — unveiling GPT-1 in 2018 and iterating it to GPT-3 by June 2020. With the November 30, 2022 release of GPT-3.5 came ChatGPT, a digital agent capable of superficially understanding natural language inputs and generating written responses to them. Sure, it was rather slow to answer and couldn’t speak to questions about anything that happened after September 2021 — not to mention its issues answering queries with misinformation during bouts of “hallucinations" — but even that kludgy first iteration demonstrated capabilities far beyond what other state-of-the-art digital assistants like Siri and Alexa could provide.
ChatGPT’s release timing couldn’t have been better. The public had already been introduced to the concept of generative artificial intelligence in April of that year with DALL-E 2, a text-to-image generator.
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How OpenAI's ChatGPT has changed the world in just a year
With the November 30, 2022 release of GPT-3.5 came ChatGPT, a digital agent capable of superficially understanding natural language inputs and generating written responses to them. Sure, it was rather slow to answer and couldn’t speak to questions about anything that happened after September 2021 — not to mention its issues answering queries with misinformation during bouts of “hallucinations" — but even that kludgy first iteration demonstrated capabilities far beyond what other state-of-the-art digital assistants like Siri and Alexa could provide.
ChatGPT’s release timing couldn’t have been better. The public had already been introduced to the concept of generative artificial intelligence in April of that year with DALL-E 2, a text-to-image generator. DALL-E 2, as well as Stable Diffusion, Midjourney and similar programs, were an ideal low-barrier entry point for the general public to try out this revolutionary new technology.
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How OpenAI's ChatGPT has changed the world in just a year
With the November 30, 2022 release of GPT-3.5 came ChatGPT, a digital agent capable of superficially understanding natural language inputs and generating written responses to them. Sure, it was rather slow to answer and couldn’t speak to questions about anything that happened after September 2021 — not to mention its issues answering queries with misinformation during bouts of “hallucinations" — but even that kludgy first iteration demonstrated capabilities far beyond what other state-of-the-art digital assistants like Siri and Alexa could provide.
ChatGPT’s release timing couldn’t have been better. The public had already been introduced to the concept of generative artificial intelligence in April of that year with DALL-E 2, a text-to-image generator. DALL-E 2, as well as Stable Diffusion, Midjourney and similar programs, were an ideal low-barrier entry point for the general public to try out this revolutionary new technology. They were an immediate smash hit, with Subreddits and Twitter accounts springing up seemingly overnight to post screengrabs of the most outlandish scenarios users could imagine.
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How OpenAI's ChatGPT has changed the world in just a year
Sure, it was rather slow to answer and couldn’t speak to questions about anything that happened after September 2021 — not to mention its issues answering queries with misinformation during bouts of “hallucinations" — but even that kludgy first iteration demonstrated capabilities far beyond what other state-of-the-art digital assistants like Siri and Alexa could provide.
ChatGPT’s release timing couldn’t have been better. The public had already been introduced to the concept of generative artificial intelligence in April of that year with DALL-E 2, a text-to-image generator. DALL-E 2, as well as Stable Diffusion, Midjourney and similar programs, were an ideal low-barrier entry point for the general public to try out this revolutionary new technology. They were an immediate smash hit, with Subreddits and Twitter accounts springing up seemingly overnight to post screengrabs of the most outlandish scenarios users could imagine. And it wasn’t just the terminally online that embraced AI image generation, the technology immediately entered the mainstream discourse as well, extraneous digits and all.
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7343
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How OpenAI's ChatGPT has changed the world in just a year
ChatGPT’s release timing couldn’t have been better. The public had already been introduced to the concept of generative artificial intelligence in April of that year with DALL-E 2, a text-to-image generator. DALL-E 2, as well as Stable Diffusion, Midjourney and similar programs, were an ideal low-barrier entry point for the general public to try out this revolutionary new technology. They were an immediate smash hit, with Subreddits and Twitter accounts springing up seemingly overnight to post screengrabs of the most outlandish scenarios users could imagine. And it wasn’t just the terminally online that embraced AI image generation, the technology immediately entered the mainstream discourse as well, extraneous digits and all.
So when ChatGPT dropped last November, the public was already primed on the idea of having computers make content at a user’s direction.
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How OpenAI's ChatGPT has changed the world in just a year
ChatGPT’s release timing couldn’t have been better. The public had already been introduced to the concept of generative artificial intelligence in April of that year with DALL-E 2, a text-to-image generator. DALL-E 2, as well as Stable Diffusion, Midjourney and similar programs, were an ideal low-barrier entry point for the general public to try out this revolutionary new technology. They were an immediate smash hit, with Subreddits and Twitter accounts springing up seemingly overnight to post screengrabs of the most outlandish scenarios users could imagine. And it wasn’t just the terminally online that embraced AI image generation, the technology immediately entered the mainstream discourse as well, extraneous digits and all.
So when ChatGPT dropped last November, the public was already primed on the idea of having computers make content at a user’s direction. The logical leap from having it make words instead of pictures wasn’t a large one — heck, people had already been using similar, inferior versions in their phones for years with their digital assistants.
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How OpenAI's ChatGPT has changed the world in just a year
DALL-E 2, as well as Stable Diffusion, Midjourney and similar programs, were an ideal low-barrier entry point for the general public to try out this revolutionary new technology. They were an immediate smash hit, with Subreddits and Twitter accounts springing up seemingly overnight to post screengrabs of the most outlandish scenarios users could imagine. And it wasn’t just the terminally online that embraced AI image generation, the technology immediately entered the mainstream discourse as well, extraneous digits and all.
So when ChatGPT dropped last November, the public was already primed on the idea of having computers make content at a user’s direction. The logical leap from having it make words instead of pictures wasn’t a large one — heck, people had already been using similar, inferior versions in their phones for years with their digital assistants.
Q1: [Hyping intensifies]
To say that ChatGPT was well-received would be to say that the Titanic suffered a small fender-bender on its maiden voyage.
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7346
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How OpenAI's ChatGPT has changed the world in just a year
They were an immediate smash hit, with Subreddits and Twitter accounts springing up seemingly overnight to post screengrabs of the most outlandish scenarios users could imagine. And it wasn’t just the terminally online that embraced AI image generation, the technology immediately entered the mainstream discourse as well, extraneous digits and all.
So when ChatGPT dropped last November, the public was already primed on the idea of having computers make content at a user’s direction. The logical leap from having it make words instead of pictures wasn’t a large one — heck, people had already been using similar, inferior versions in their phones for years with their digital assistants.
Q1: [Hyping intensifies]
To say that ChatGPT was well-received would be to say that the Titanic suffered a small fender-bender on its maiden voyage. It was a polestar, magnitudes bigger than the hype surrounding DALL-E and other image generators.
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7347
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How OpenAI's ChatGPT has changed the world in just a year
They were an immediate smash hit, with Subreddits and Twitter accounts springing up seemingly overnight to post screengrabs of the most outlandish scenarios users could imagine. And it wasn’t just the terminally online that embraced AI image generation, the technology immediately entered the mainstream discourse as well, extraneous digits and all.
So when ChatGPT dropped last November, the public was already primed on the idea of having computers make content at a user’s direction. The logical leap from having it make words instead of pictures wasn’t a large one — heck, people had already been using similar, inferior versions in their phones for years with their digital assistants.
Q1: [Hyping intensifies]
To say that ChatGPT was well-received would be to say that the Titanic suffered a small fender-bender on its maiden voyage. It was a polestar, magnitudes bigger than the hype surrounding DALL-E and other image generators. People flat out lost their minds over the new AI and its CEO, Sam Altman.
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7348
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How OpenAI's ChatGPT has changed the world in just a year
And it wasn’t just the terminally online that embraced AI image generation, the technology immediately entered the mainstream discourse as well, extraneous digits and all.
So when ChatGPT dropped last November, the public was already primed on the idea of having computers make content at a user’s direction. The logical leap from having it make words instead of pictures wasn’t a large one — heck, people had already been using similar, inferior versions in their phones for years with their digital assistants.
Q1: [Hyping intensifies]
To say that ChatGPT was well-received would be to say that the Titanic suffered a small fender-bender on its maiden voyage. It was a polestar, magnitudes bigger than the hype surrounding DALL-E and other image generators. People flat out lost their minds over the new AI and its CEO, Sam Altman. Throughout December 2022, ChatGPT’s usage numbers rose meteorically as more and more people logged on to try it for themselves.
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7349
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How OpenAI's ChatGPT has changed the world in just a year
So when ChatGPT dropped last November, the public was already primed on the idea of having computers make content at a user’s direction. The logical leap from having it make words instead of pictures wasn’t a large one — heck, people had already been using similar, inferior versions in their phones for years with their digital assistants.
Q1: [Hyping intensifies]
To say that ChatGPT was well-received would be to say that the Titanic suffered a small fender-bender on its maiden voyage. It was a polestar, magnitudes bigger than the hype surrounding DALL-E and other image generators. People flat out lost their minds over the new AI and its CEO, Sam Altman. Throughout December 2022, ChatGPT’s usage numbers rose meteorically as more and more people logged on to try it for themselves.
By the following January, ChatGPT was a certified phenomenon, surpassing 100 million monthly active users in just two months.
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How OpenAI's ChatGPT has changed the world in just a year
The logical leap from having it make words instead of pictures wasn’t a large one — heck, people had already been using similar, inferior versions in their phones for years with their digital assistants.
Q1: [Hyping intensifies]
To say that ChatGPT was well-received would be to say that the Titanic suffered a small fender-bender on its maiden voyage. It was a polestar, magnitudes bigger than the hype surrounding DALL-E and other image generators. People flat out lost their minds over the new AI and its CEO, Sam Altman. Throughout December 2022, ChatGPT’s usage numbers rose meteorically as more and more people logged on to try it for themselves.
By the following January, ChatGPT was a certified phenomenon, surpassing 100 million monthly active users in just two months. That was faster than both TikTok or Instagram, and remains the fastest user adoption to 100 million in the history of the internet.
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7351
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How OpenAI's ChatGPT has changed the world in just a year
Q1: [Hyping intensifies]
To say that ChatGPT was well-received would be to say that the Titanic suffered a small fender-bender on its maiden voyage. It was a polestar, magnitudes bigger than the hype surrounding DALL-E and other image generators. People flat out lost their minds over the new AI and its CEO, Sam Altman. Throughout December 2022, ChatGPT’s usage numbers rose meteorically as more and more people logged on to try it for themselves.
By the following January, ChatGPT was a certified phenomenon, surpassing 100 million monthly active users in just two months. That was faster than both TikTok or Instagram, and remains the fastest user adoption to 100 million in the history of the internet.
We also got our first look at the disruptive potential that generative AI offers when ChatGPT managed to pass a series of law school exams (albeit by the skin of its digital teeth).
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7352
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How OpenAI's ChatGPT has changed the world in just a year
It was a polestar, magnitudes bigger than the hype surrounding DALL-E and other image generators. People flat out lost their minds over the new AI and its CEO, Sam Altman. Throughout December 2022, ChatGPT’s usage numbers rose meteorically as more and more people logged on to try it for themselves.
By the following January, ChatGPT was a certified phenomenon, surpassing 100 million monthly active users in just two months. That was faster than both TikTok or Instagram, and remains the fastest user adoption to 100 million in the history of the internet.
We also got our first look at the disruptive potential that generative AI offers when ChatGPT managed to pass a series of law school exams (albeit by the skin of its digital teeth). Around that time Microsoft extended its existing R&D partnership with OpenAI to the tune of $10 billion that January. That number is impressively large and likely why Altman still has his job.
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How OpenAI's ChatGPT has changed the world in just a year
People flat out lost their minds over the new AI and its CEO, Sam Altman. Throughout December 2022, ChatGPT’s usage numbers rose meteorically as more and more people logged on to try it for themselves.
By the following January, ChatGPT was a certified phenomenon, surpassing 100 million monthly active users in just two months. That was faster than both TikTok or Instagram, and remains the fastest user adoption to 100 million in the history of the internet.
We also got our first look at the disruptive potential that generative AI offers when ChatGPT managed to pass a series of law school exams (albeit by the skin of its digital teeth). Around that time Microsoft extended its existing R&D partnership with OpenAI to the tune of $10 billion that January. That number is impressively large and likely why Altman still has his job.
As February rolled around, ChatGPT’s user numbers continued to soar, surpassing one billion users total with an average of more than 35 million people per day using the program.
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7354
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How OpenAI's ChatGPT has changed the world in just a year
Throughout December 2022, ChatGPT’s usage numbers rose meteorically as more and more people logged on to try it for themselves.
By the following January, ChatGPT was a certified phenomenon, surpassing 100 million monthly active users in just two months. That was faster than both TikTok or Instagram, and remains the fastest user adoption to 100 million in the history of the internet.
We also got our first look at the disruptive potential that generative AI offers when ChatGPT managed to pass a series of law school exams (albeit by the skin of its digital teeth). Around that time Microsoft extended its existing R&D partnership with OpenAI to the tune of $10 billion that January. That number is impressively large and likely why Altman still has his job.
As February rolled around, ChatGPT’s user numbers continued to soar, surpassing one billion users total with an average of more than 35 million people per day using the program. At this point OpenAI was reportedly worth just under $30 billion and Microsoft was doing its absolute best to cram the new technology into every single system, application and feature in its product ecosystem.
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How OpenAI's ChatGPT has changed the world in just a year
That was faster than both TikTok or Instagram, and remains the fastest user adoption to 100 million in the history of the internet.
We also got our first look at the disruptive potential that generative AI offers when ChatGPT managed to pass a series of law school exams (albeit by the skin of its digital teeth). Around that time Microsoft extended its existing R&D partnership with OpenAI to the tune of $10 billion that January. That number is impressively large and likely why Altman still has his job.
As February rolled around, ChatGPT’s user numbers continued to soar, surpassing one billion users total with an average of more than 35 million people per day using the program. At this point OpenAI was reportedly worth just under $30 billion and Microsoft was doing its absolute best to cram the new technology into every single system, application and feature in its product ecosystem. ChatGPT was incorporated into BingChat (now just Copilot) and the Edge browser to great fanfare — despite repeated incidents of bizarre behavior and responses that saw the Bing program temporarily taken offline for repairs.
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How OpenAI's ChatGPT has changed the world in just a year
We also got our first look at the disruptive potential that generative AI offers when ChatGPT managed to pass a series of law school exams (albeit by the skin of its digital teeth). Around that time Microsoft extended its existing R&D partnership with OpenAI to the tune of $10 billion that January. That number is impressively large and likely why Altman still has his job.
As February rolled around, ChatGPT’s user numbers continued to soar, surpassing one billion users total with an average of more than 35 million people per day using the program. At this point OpenAI was reportedly worth just under $30 billion and Microsoft was doing its absolute best to cram the new technology into every single system, application and feature in its product ecosystem. ChatGPT was incorporated into BingChat (now just Copilot) and the Edge browser to great fanfare — despite repeated incidents of bizarre behavior and responses that saw the Bing program temporarily taken offline for repairs.
Other tech companies began adopting ChatGPT as well: Opera incorporating it into its browser, Snapchat releasing its GPT-based My AI assistant (which would be unceremoniously abandoned a few problematic months later) and Buzzfeed News’s parent company used it to generate listicles.
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How OpenAI's ChatGPT has changed the world in just a year
That number is impressively large and likely why Altman still has his job.
As February rolled around, ChatGPT’s user numbers continued to soar, surpassing one billion users total with an average of more than 35 million people per day using the program. At this point OpenAI was reportedly worth just under $30 billion and Microsoft was doing its absolute best to cram the new technology into every single system, application and feature in its product ecosystem. ChatGPT was incorporated into BingChat (now just Copilot) and the Edge browser to great fanfare — despite repeated incidents of bizarre behavior and responses that saw the Bing program temporarily taken offline for repairs.
Other tech companies began adopting ChatGPT as well: Opera incorporating it into its browser, Snapchat releasing its GPT-based My AI assistant (which would be unceremoniously abandoned a few problematic months later) and Buzzfeed News’s parent company used it to generate listicles.
March saw more of the same, with OpenAI announcing a new subscription-based service — ChatGPT Plus — which offers users the chance to skip to the head of the queue during peak usage hours and added features not found in the free version.
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How OpenAI's ChatGPT has changed the world in just a year
At this point OpenAI was reportedly worth just under $30 billion and Microsoft was doing its absolute best to cram the new technology into every single system, application and feature in its product ecosystem. ChatGPT was incorporated into BingChat (now just Copilot) and the Edge browser to great fanfare — despite repeated incidents of bizarre behavior and responses that saw the Bing program temporarily taken offline for repairs.
Other tech companies began adopting ChatGPT as well: Opera incorporating it into its browser, Snapchat releasing its GPT-based My AI assistant (which would be unceremoniously abandoned a few problematic months later) and Buzzfeed News’s parent company used it to generate listicles.
March saw more of the same, with OpenAI announcing a new subscription-based service — ChatGPT Plus — which offers users the chance to skip to the head of the queue during peak usage hours and added features not found in the free version. The company also unveiled plug-in and API support for the GPT platform, empowering developers to add the technology to their own applications and enabling ChatGPT to pull information from across the internet as well as interact directly with connected sensors and devices.
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How OpenAI's ChatGPT has changed the world in just a year
ChatGPT was incorporated into BingChat (now just Copilot) and the Edge browser to great fanfare — despite repeated incidents of bizarre behavior and responses that saw the Bing program temporarily taken offline for repairs.
Other tech companies began adopting ChatGPT as well: Opera incorporating it into its browser, Snapchat releasing its GPT-based My AI assistant (which would be unceremoniously abandoned a few problematic months later) and Buzzfeed News’s parent company used it to generate listicles.
March saw more of the same, with OpenAI announcing a new subscription-based service — ChatGPT Plus — which offers users the chance to skip to the head of the queue during peak usage hours and added features not found in the free version. The company also unveiled plug-in and API support for the GPT platform, empowering developers to add the technology to their own applications and enabling ChatGPT to pull information from across the internet as well as interact directly with connected sensors and devices.
ChatGPT also notched 100 million users per day in March, 30 times higher than two months prior.
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How OpenAI's ChatGPT has changed the world in just a year
Other tech companies began adopting ChatGPT as well: Opera incorporating it into its browser, Snapchat releasing its GPT-based My AI assistant (which would be unceremoniously abandoned a few problematic months later) and Buzzfeed News’s parent company used it to generate listicles.
March saw more of the same, with OpenAI announcing a new subscription-based service — ChatGPT Plus — which offers users the chance to skip to the head of the queue during peak usage hours and added features not found in the free version. The company also unveiled plug-in and API support for the GPT platform, empowering developers to add the technology to their own applications and enabling ChatGPT to pull information from across the internet as well as interact directly with connected sensors and devices.
ChatGPT also notched 100 million users per day in March, 30 times higher than two months prior. Companies from Slack and Discord to GM announced plans to incorporate GPT and generative AI technologies into their products.
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How OpenAI's ChatGPT has changed the world in just a year
March saw more of the same, with OpenAI announcing a new subscription-based service — ChatGPT Plus — which offers users the chance to skip to the head of the queue during peak usage hours and added features not found in the free version. The company also unveiled plug-in and API support for the GPT platform, empowering developers to add the technology to their own applications and enabling ChatGPT to pull information from across the internet as well as interact directly with connected sensors and devices.
ChatGPT also notched 100 million users per day in March, 30 times higher than two months prior. Companies from Slack and Discord to GM announced plans to incorporate GPT and generative AI technologies into their products.
Not everybody was quite so enthusiastic about the pace at which generative AI was being adopted, mind you. In March, OpenAI co-founder Elon Musk, as well as Steve Wozniak and a slew of associated AI researchers signed an open letter demanding a six month moratorium on AI development.
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How OpenAI's ChatGPT has changed the world in just a year
The company also unveiled plug-in and API support for the GPT platform, empowering developers to add the technology to their own applications and enabling ChatGPT to pull information from across the internet as well as interact directly with connected sensors and devices.
ChatGPT also notched 100 million users per day in March, 30 times higher than two months prior. Companies from Slack and Discord to GM announced plans to incorporate GPT and generative AI technologies into their products.
Not everybody was quite so enthusiastic about the pace at which generative AI was being adopted, mind you. In March, OpenAI co-founder Elon Musk, as well as Steve Wozniak and a slew of associated AI researchers signed an open letter demanding a six month moratorium on AI development.
Q2: Electric Boog-AI-loo
Over the next couple months, company fell into a rhythm of continuous user growth, new integrations, occasional rival AI debuts and nationwide bans on generative AI technology.
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How OpenAI's ChatGPT has changed the world in just a year
ChatGPT also notched 100 million users per day in March, 30 times higher than two months prior. Companies from Slack and Discord to GM announced plans to incorporate GPT and generative AI technologies into their products.
Not everybody was quite so enthusiastic about the pace at which generative AI was being adopted, mind you. In March, OpenAI co-founder Elon Musk, as well as Steve Wozniak and a slew of associated AI researchers signed an open letter demanding a six month moratorium on AI development.
Q2: Electric Boog-AI-loo
Over the next couple months, company fell into a rhythm of continuous user growth, new integrations, occasional rival AI debuts and nationwide bans on generative AI technology. For example, in April, ChatGPT’s usage climbed nearly 13 percent month-over-month from March even as the entire nation of Italy outlawed ChatGPT use by public sector employees, citing GDPR data privacy violations.
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How OpenAI's ChatGPT has changed the world in just a year
ChatGPT also notched 100 million users per day in March, 30 times higher than two months prior. Companies from Slack and Discord to GM announced plans to incorporate GPT and generative AI technologies into their products.
Not everybody was quite so enthusiastic about the pace at which generative AI was being adopted, mind you. In March, OpenAI co-founder Elon Musk, as well as Steve Wozniak and a slew of associated AI researchers signed an open letter demanding a six month moratorium on AI development.
Q2: Electric Boog-AI-loo
Over the next couple months, company fell into a rhythm of continuous user growth, new integrations, occasional rival AI debuts and nationwide bans on generative AI technology. For example, in April, ChatGPT’s usage climbed nearly 13 percent month-over-month from March even as the entire nation of Italy outlawed ChatGPT use by public sector employees, citing GDPR data privacy violations. The Italian ban proved only temporary after the company worked to resolve the flagged issues, but it was an embarrassing rebuke for the company and helped spur further calls for federal regulation.
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How OpenAI's ChatGPT has changed the world in just a year
Not everybody was quite so enthusiastic about the pace at which generative AI was being adopted, mind you. In March, OpenAI co-founder Elon Musk, as well as Steve Wozniak and a slew of associated AI researchers signed an open letter demanding a six month moratorium on AI development.
Q2: Electric Boog-AI-loo
Over the next couple months, company fell into a rhythm of continuous user growth, new integrations, occasional rival AI debuts and nationwide bans on generative AI technology. For example, in April, ChatGPT’s usage climbed nearly 13 percent month-over-month from March even as the entire nation of Italy outlawed ChatGPT use by public sector employees, citing GDPR data privacy violations. The Italian ban proved only temporary after the company worked to resolve the flagged issues, but it was an embarrassing rebuke for the company and helped spur further calls for federal regulation.
When it was first released, ChatGPT was only available through a desktop browser.
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How OpenAI's ChatGPT has changed the world in just a year
In March, OpenAI co-founder Elon Musk, as well as Steve Wozniak and a slew of associated AI researchers signed an open letter demanding a six month moratorium on AI development.
Q2: Electric Boog-AI-loo
Over the next couple months, company fell into a rhythm of continuous user growth, new integrations, occasional rival AI debuts and nationwide bans on generative AI technology. For example, in April, ChatGPT’s usage climbed nearly 13 percent month-over-month from March even as the entire nation of Italy outlawed ChatGPT use by public sector employees, citing GDPR data privacy violations. The Italian ban proved only temporary after the company worked to resolve the flagged issues, but it was an embarrassing rebuke for the company and helped spur further calls for federal regulation.
When it was first released, ChatGPT was only available through a desktop browser. That changed in May when OpenAI released its dedicated iOS app and expanded the digital assistant’s availability to an additional 11 countries including France, Germany, Ireland and Jamaica.
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How OpenAI's ChatGPT has changed the world in just a year
Q2: Electric Boog-AI-loo
Over the next couple months, company fell into a rhythm of continuous user growth, new integrations, occasional rival AI debuts and nationwide bans on generative AI technology. For example, in April, ChatGPT’s usage climbed nearly 13 percent month-over-month from March even as the entire nation of Italy outlawed ChatGPT use by public sector employees, citing GDPR data privacy violations. The Italian ban proved only temporary after the company worked to resolve the flagged issues, but it was an embarrassing rebuke for the company and helped spur further calls for federal regulation.
When it was first released, ChatGPT was only available through a desktop browser. That changed in May when OpenAI released its dedicated iOS app and expanded the digital assistant’s availability to an additional 11 countries including France, Germany, Ireland and Jamaica. At the same time, Microsoft’s integration efforts continued apace, with Bing Search melding into the chatbot as its “default search experience.” OpenAI also expanded ChatGPT’s plug-in system to ensure that more third-party developers are able to build ChatGPT into their own products.
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How OpenAI's ChatGPT has changed the world in just a year
For example, in April, ChatGPT’s usage climbed nearly 13 percent month-over-month from March even as the entire nation of Italy outlawed ChatGPT use by public sector employees, citing GDPR data privacy violations. The Italian ban proved only temporary after the company worked to resolve the flagged issues, but it was an embarrassing rebuke for the company and helped spur further calls for federal regulation.
When it was first released, ChatGPT was only available through a desktop browser. That changed in May when OpenAI released its dedicated iOS app and expanded the digital assistant’s availability to an additional 11 countries including France, Germany, Ireland and Jamaica. At the same time, Microsoft’s integration efforts continued apace, with Bing Search melding into the chatbot as its “default search experience.” OpenAI also expanded ChatGPT’s plug-in system to ensure that more third-party developers are able to build ChatGPT into their own products.
ChatGPT’s tendency to hallucinate facts and figures was once again exposed that month when a lawyer in New York was caught using the generative AI to do “legal research.” It gave him a number of entirely made-up, nonexistent cases to cite in his argument — which he then did without bothering to independently validate any of them.
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How OpenAI's ChatGPT has changed the world in just a year
When it was first released, ChatGPT was only available through a desktop browser. That changed in May when OpenAI released its dedicated iOS app and expanded the digital assistant’s availability to an additional 11 countries including France, Germany, Ireland and Jamaica. At the same time, Microsoft’s integration efforts continued apace, with Bing Search melding into the chatbot as its “default search experience.” OpenAI also expanded ChatGPT’s plug-in system to ensure that more third-party developers are able to build ChatGPT into their own products.
ChatGPT’s tendency to hallucinate facts and figures was once again exposed that month when a lawyer in New York was caught using the generative AI to do “legal research.” It gave him a number of entirely made-up, nonexistent cases to cite in his argument — which he then did without bothering to independently validate any of them. The judge was not amused.
By June, a little bit of ChatGPT’s shine had started to wear off.
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How OpenAI's ChatGPT has changed the world in just a year
That changed in May when OpenAI released its dedicated iOS app and expanded the digital assistant’s availability to an additional 11 countries including France, Germany, Ireland and Jamaica. At the same time, Microsoft’s integration efforts continued apace, with Bing Search melding into the chatbot as its “default search experience.” OpenAI also expanded ChatGPT’s plug-in system to ensure that more third-party developers are able to build ChatGPT into their own products.
ChatGPT’s tendency to hallucinate facts and figures was once again exposed that month when a lawyer in New York was caught using the generative AI to do “legal research.” It gave him a number of entirely made-up, nonexistent cases to cite in his argument — which he then did without bothering to independently validate any of them. The judge was not amused.
By June, a little bit of ChatGPT’s shine had started to wear off. Congress reportedly limited Capitol Hill staffers from using the application over data handling concerns.
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How OpenAI's ChatGPT has changed the world in just a year
At the same time, Microsoft’s integration efforts continued apace, with Bing Search melding into the chatbot as its “default search experience.” OpenAI also expanded ChatGPT’s plug-in system to ensure that more third-party developers are able to build ChatGPT into their own products.
ChatGPT’s tendency to hallucinate facts and figures was once again exposed that month when a lawyer in New York was caught using the generative AI to do “legal research.” It gave him a number of entirely made-up, nonexistent cases to cite in his argument — which he then did without bothering to independently validate any of them. The judge was not amused.
By June, a little bit of ChatGPT’s shine had started to wear off. Congress reportedly limited Capitol Hill staffers from using the application over data handling concerns. User numbers had declined nearly 10 percent month-over-month, but ChatGPT was already well on its way to ubiquity.
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How OpenAI's ChatGPT has changed the world in just a year
At the same time, Microsoft’s integration efforts continued apace, with Bing Search melding into the chatbot as its “default search experience.” OpenAI also expanded ChatGPT’s plug-in system to ensure that more third-party developers are able to build ChatGPT into their own products.
ChatGPT’s tendency to hallucinate facts and figures was once again exposed that month when a lawyer in New York was caught using the generative AI to do “legal research.” It gave him a number of entirely made-up, nonexistent cases to cite in his argument — which he then did without bothering to independently validate any of them. The judge was not amused.
By June, a little bit of ChatGPT’s shine had started to wear off. Congress reportedly limited Capitol Hill staffers from using the application over data handling concerns. User numbers had declined nearly 10 percent month-over-month, but ChatGPT was already well on its way to ubiquity. A March update enabling the AI to comprehend and generate Python code in response to natural language queries only increased its utility.
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How OpenAI's ChatGPT has changed the world in just a year
ChatGPT’s tendency to hallucinate facts and figures was once again exposed that month when a lawyer in New York was caught using the generative AI to do “legal research.” It gave him a number of entirely made-up, nonexistent cases to cite in his argument — which he then did without bothering to independently validate any of them. The judge was not amused.
By June, a little bit of ChatGPT’s shine had started to wear off. Congress reportedly limited Capitol Hill staffers from using the application over data handling concerns. User numbers had declined nearly 10 percent month-over-month, but ChatGPT was already well on its way to ubiquity. A March update enabling the AI to comprehend and generate Python code in response to natural language queries only increased its utility.
Q3: [Pushback intensifies]
More cracks in ChatGPT’s facade began to show the following month when OpenAI’s head of Trust and Safety, Dave Willner, abruptly announced his resignation days before the company released its ChatGPT Android app.
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How OpenAI's ChatGPT has changed the world in just a year
The judge was not amused.
By June, a little bit of ChatGPT’s shine had started to wear off. Congress reportedly limited Capitol Hill staffers from using the application over data handling concerns. User numbers had declined nearly 10 percent month-over-month, but ChatGPT was already well on its way to ubiquity. A March update enabling the AI to comprehend and generate Python code in response to natural language queries only increased its utility.
Q3: [Pushback intensifies]
More cracks in ChatGPT’s facade began to show the following month when OpenAI’s head of Trust and Safety, Dave Willner, abruptly announced his resignation days before the company released its ChatGPT Android app. His departure came on the heels of news of an FTC investigation into the company’s potential violation of consumer protection laws — specifically regarding the user data leak from March that inadvertently shared chat histories and payment records.
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How OpenAI's ChatGPT has changed the world in just a year
The judge was not amused.
By June, a little bit of ChatGPT’s shine had started to wear off. Congress reportedly limited Capitol Hill staffers from using the application over data handling concerns. User numbers had declined nearly 10 percent month-over-month, but ChatGPT was already well on its way to ubiquity. A March update enabling the AI to comprehend and generate Python code in response to natural language queries only increased its utility.
Q3: [Pushback intensifies]
More cracks in ChatGPT’s facade began to show the following month when OpenAI’s head of Trust and Safety, Dave Willner, abruptly announced his resignation days before the company released its ChatGPT Android app. His departure came on the heels of news of an FTC investigation into the company’s potential violation of consumer protection laws — specifically regarding the user data leak from March that inadvertently shared chat histories and payment records.
It was around this time that OpenAI’s training methods, which involve scraping the public internet for content and feeding it into massive datasets on which the models are taught, came under fire from copyright holders and marquee authors alike.
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How OpenAI's ChatGPT has changed the world in just a year
User numbers had declined nearly 10 percent month-over-month, but ChatGPT was already well on its way to ubiquity. A March update enabling the AI to comprehend and generate Python code in response to natural language queries only increased its utility.
Q3: [Pushback intensifies]
More cracks in ChatGPT’s facade began to show the following month when OpenAI’s head of Trust and Safety, Dave Willner, abruptly announced his resignation days before the company released its ChatGPT Android app. His departure came on the heels of news of an FTC investigation into the company’s potential violation of consumer protection laws — specifically regarding the user data leak from March that inadvertently shared chat histories and payment records.
It was around this time that OpenAI’s training methods, which involve scraping the public internet for content and feeding it into massive datasets on which the models are taught, came under fire from copyright holders and marquee authors alike. Much in the same manner that Getty Images sued Stability AI for Stable Diffusion’s obvious leverage of copyrighted materials, stand-up comedian and author Sara Silverman brought suit against OpenAI with allegations that its “Book2” dataset illegally included her copyrighted works.
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How OpenAI's ChatGPT has changed the world in just a year
Q3: [Pushback intensifies]
More cracks in ChatGPT’s facade began to show the following month when OpenAI’s head of Trust and Safety, Dave Willner, abruptly announced his resignation days before the company released its ChatGPT Android app. His departure came on the heels of news of an FTC investigation into the company’s potential violation of consumer protection laws — specifically regarding the user data leak from March that inadvertently shared chat histories and payment records.
It was around this time that OpenAI’s training methods, which involve scraping the public internet for content and feeding it into massive datasets on which the models are taught, came under fire from copyright holders and marquee authors alike. Much in the same manner that Getty Images sued Stability AI for Stable Diffusion’s obvious leverage of copyrighted materials, stand-up comedian and author Sara Silverman brought suit against OpenAI with allegations that its “Book2” dataset illegally included her copyrighted works. The Authors Guild of America, which represents Stephen King, John Grisham and 134 others launched a class-action suit of its own in September.
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How OpenAI's ChatGPT has changed the world in just a year
His departure came on the heels of news of an FTC investigation into the company’s potential violation of consumer protection laws — specifically regarding the user data leak from March that inadvertently shared chat histories and payment records.
It was around this time that OpenAI’s training methods, which involve scraping the public internet for content and feeding it into massive datasets on which the models are taught, came under fire from copyright holders and marquee authors alike. Much in the same manner that Getty Images sued Stability AI for Stable Diffusion’s obvious leverage of copyrighted materials, stand-up comedian and author Sara Silverman brought suit against OpenAI with allegations that its “Book2” dataset illegally included her copyrighted works. The Authors Guild of America, which represents Stephen King, John Grisham and 134 others launched a class-action suit of its own in September. While much of Silverman’s suit was eventually dismissed, the Author’s Guild suit continues to wend its way through the courts.
Select news outlets, on the other hand, proved far more amenable.
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How OpenAI's ChatGPT has changed the world in just a year
It was around this time that OpenAI’s training methods, which involve scraping the public internet for content and feeding it into massive datasets on which the models are taught, came under fire from copyright holders and marquee authors alike. Much in the same manner that Getty Images sued Stability AI for Stable Diffusion’s obvious leverage of copyrighted materials, stand-up comedian and author Sara Silverman brought suit against OpenAI with allegations that its “Book2” dataset illegally included her copyrighted works. The Authors Guild of America, which represents Stephen King, John Grisham and 134 others launched a class-action suit of its own in September. While much of Silverman’s suit was eventually dismissed, the Author’s Guild suit continues to wend its way through the courts.
Select news outlets, on the other hand, proved far more amenable. The Associated Press announced in August that it had entered into a licensing agreement with OpenAI which would see AP content used (with permission) to train GPT models.
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How OpenAI's ChatGPT has changed the world in just a year
Much in the same manner that Getty Images sued Stability AI for Stable Diffusion’s obvious leverage of copyrighted materials, stand-up comedian and author Sara Silverman brought suit against OpenAI with allegations that its “Book2” dataset illegally included her copyrighted works. The Authors Guild of America, which represents Stephen King, John Grisham and 134 others launched a class-action suit of its own in September. While much of Silverman’s suit was eventually dismissed, the Author’s Guild suit continues to wend its way through the courts.
Select news outlets, on the other hand, proved far more amenable. The Associated Press announced in August that it had entered into a licensing agreement with OpenAI which would see AP content used (with permission) to train GPT models. At the same time, the AP unveiled a new set of newsroom guidelines explaining how generative AI might be used in articles, while still cautioning journalists against using it for anything that might actually be published.
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How OpenAI's ChatGPT has changed the world in just a year
Much in the same manner that Getty Images sued Stability AI for Stable Diffusion’s obvious leverage of copyrighted materials, stand-up comedian and author Sara Silverman brought suit against OpenAI with allegations that its “Book2” dataset illegally included her copyrighted works. The Authors Guild of America, which represents Stephen King, John Grisham and 134 others launched a class-action suit of its own in September. While much of Silverman’s suit was eventually dismissed, the Author’s Guild suit continues to wend its way through the courts.
Select news outlets, on the other hand, proved far more amenable. The Associated Press announced in August that it had entered into a licensing agreement with OpenAI which would see AP content used (with permission) to train GPT models. At the same time, the AP unveiled a new set of newsroom guidelines explaining how generative AI might be used in articles, while still cautioning journalists against using it for anything that might actually be published.
ChatGPT itself didn’t seem too inclined to follow the rules.
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How OpenAI's ChatGPT has changed the world in just a year
The Authors Guild of America, which represents Stephen King, John Grisham and 134 others launched a class-action suit of its own in September. While much of Silverman’s suit was eventually dismissed, the Author’s Guild suit continues to wend its way through the courts.
Select news outlets, on the other hand, proved far more amenable. The Associated Press announced in August that it had entered into a licensing agreement with OpenAI which would see AP content used (with permission) to train GPT models. At the same time, the AP unveiled a new set of newsroom guidelines explaining how generative AI might be used in articles, while still cautioning journalists against using it for anything that might actually be published.
ChatGPT itself didn’t seem too inclined to follow the rules. In a report published in August, the Washington Post found that guardrails supposedly enacted by OpenAI in March, designed to counter the chatbot’s use in generating and amplifying political disinformation, actually weren’t.
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How OpenAI's ChatGPT has changed the world in just a year
While much of Silverman’s suit was eventually dismissed, the Author’s Guild suit continues to wend its way through the courts.
Select news outlets, on the other hand, proved far more amenable. The Associated Press announced in August that it had entered into a licensing agreement with OpenAI which would see AP content used (with permission) to train GPT models. At the same time, the AP unveiled a new set of newsroom guidelines explaining how generative AI might be used in articles, while still cautioning journalists against using it for anything that might actually be published.
ChatGPT itself didn’t seem too inclined to follow the rules. In a report published in August, the Washington Post found that guardrails supposedly enacted by OpenAI in March, designed to counter the chatbot’s use in generating and amplifying political disinformation, actually weren’t. The company told Semafor in April that it was "developing a machine learning classifier that will flag when ChatGPT is asked to generate large volumes of text that appear related to electoral campaigns or lobbying."
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How OpenAI's ChatGPT has changed the world in just a year
Select news outlets, on the other hand, proved far more amenable. The Associated Press announced in August that it had entered into a licensing agreement with OpenAI which would see AP content used (with permission) to train GPT models. At the same time, the AP unveiled a new set of newsroom guidelines explaining how generative AI might be used in articles, while still cautioning journalists against using it for anything that might actually be published.
ChatGPT itself didn’t seem too inclined to follow the rules. In a report published in August, the Washington Post found that guardrails supposedly enacted by OpenAI in March, designed to counter the chatbot’s use in generating and amplifying political disinformation, actually weren’t. The company told Semafor in April that it was "developing a machine learning classifier that will flag when ChatGPT is asked to generate large volumes of text that appear related to electoral campaigns or lobbying." Per the Post, those rules simply were not enforced, with the system eagerly returning responses for prompts like “Write a message encouraging suburban women in their 40s to vote for Trump” or “Make a case to convince an urban dweller in their 20s to vote for Biden.”
At the same time, OpenAI was rolling out another batch of new features and updates for ChatGPT including an Enterprise version that could be fine-tuned to a company’s specific needs and trained on the firm’s internal data, allowing the chatbot to provide more accurate responses.
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How OpenAI's ChatGPT has changed the world in just a year
The company told Semafor in April that it was "developing a machine learning classifier that will flag when ChatGPT is asked to generate large volumes of text that appear related to electoral campaigns or lobbying." Per the Post, those rules simply were not enforced, with the system eagerly returning responses for prompts like “Write a message encouraging suburban women in their 40s to vote for Trump” or “Make a case to convince an urban dweller in their 20s to vote for Biden.”
At the same time, OpenAI was rolling out another batch of new features and updates for ChatGPT including an Enterprise version that could be fine-tuned to a company’s specific needs and trained on the firm’s internal data, allowing the chatbot to provide more accurate responses. Additionally, ChatGPT’s ability to browse the internet for information was restored for Plus users in September, having been temporarily suspended earlier in the year after folks figured out how to exploit it to get around paywalls.
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How OpenAI's ChatGPT has changed the world in just a year
Per the Post, those rules simply were not enforced, with the system eagerly returning responses for prompts like “Write a message encouraging suburban women in their 40s to vote for Trump” or “Make a case to convince an urban dweller in their 20s to vote for Biden.”
At the same time, OpenAI was rolling out another batch of new features and updates for ChatGPT including an Enterprise version that could be fine-tuned to a company’s specific needs and trained on the firm’s internal data, allowing the chatbot to provide more accurate responses. Additionally, ChatGPT’s ability to browse the internet for information was restored for Plus users in September, having been temporarily suspended earlier in the year after folks figured out how to exploit it to get around paywalls. OpenAI also expanded the chatbot’s multimodal capabilities, adding support for both voice and image inputs for user queries in a September 25 update.
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How OpenAI's ChatGPT has changed the world in just a year
Per the Post, those rules simply were not enforced, with the system eagerly returning responses for prompts like “Write a message encouraging suburban women in their 40s to vote for Trump” or “Make a case to convince an urban dweller in their 20s to vote for Biden.”
At the same time, OpenAI was rolling out another batch of new features and updates for ChatGPT including an Enterprise version that could be fine-tuned to a company’s specific needs and trained on the firm’s internal data, allowing the chatbot to provide more accurate responses. Additionally, ChatGPT’s ability to browse the internet for information was restored for Plus users in September, having been temporarily suspended earlier in the year after folks figured out how to exploit it to get around paywalls. OpenAI also expanded the chatbot’s multimodal capabilities, adding support for both voice and image inputs for user queries in a September 25 update.
Q4: Starring Sam Altman as “Lazarus”
The fourth quarter of 2023 has been a hell of a decade for OpenAI.
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How OpenAI's ChatGPT has changed the world in just a year
Additionally, ChatGPT’s ability to browse the internet for information was restored for Plus users in September, having been temporarily suspended earlier in the year after folks figured out how to exploit it to get around paywalls. OpenAI also expanded the chatbot’s multimodal capabilities, adding support for both voice and image inputs for user queries in a September 25 update.
Q4: Starring Sam Altman as “Lazarus”
The fourth quarter of 2023 has been a hell of a decade for OpenAI. On the technological front, Browse with Bing, Microsoft’s answer to Google SGE, moved out of beta and became available to all subscribers — just in time for the third iteration of DALL-E to enter public beta. Even free tier users can now hold spoken conversations with the chatbot following the November update, a feature formerly reserved for Plus and Enterprise subscribers.
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How OpenAI's ChatGPT has changed the world in just a year
Additionally, ChatGPT’s ability to browse the internet for information was restored for Plus users in September, having been temporarily suspended earlier in the year after folks figured out how to exploit it to get around paywalls. OpenAI also expanded the chatbot’s multimodal capabilities, adding support for both voice and image inputs for user queries in a September 25 update.
Q4: Starring Sam Altman as “Lazarus”
The fourth quarter of 2023 has been a hell of a decade for OpenAI. On the technological front, Browse with Bing, Microsoft’s answer to Google SGE, moved out of beta and became available to all subscribers — just in time for the third iteration of DALL-E to enter public beta. Even free tier users can now hold spoken conversations with the chatbot following the November update, a feature formerly reserved for Plus and Enterprise subscribers. What’s more, OpenAI has announced GPTs, little single-serving versions of the larger LLM that function like apps and widgets and which can be created by anyone, regardless of their programming skill level.
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How OpenAI's ChatGPT has changed the world in just a year
OpenAI also expanded the chatbot’s multimodal capabilities, adding support for both voice and image inputs for user queries in a September 25 update.
Q4: Starring Sam Altman as “Lazarus”
The fourth quarter of 2023 has been a hell of a decade for OpenAI. On the technological front, Browse with Bing, Microsoft’s answer to Google SGE, moved out of beta and became available to all subscribers — just in time for the third iteration of DALL-E to enter public beta. Even free tier users can now hold spoken conversations with the chatbot following the November update, a feature formerly reserved for Plus and Enterprise subscribers. What’s more, OpenAI has announced GPTs, little single-serving versions of the larger LLM that function like apps and widgets and which can be created by anyone, regardless of their programming skill level.
The company has also suggested that it might be entering the AI chip market at some point in the future, in an effort to shore up the speed and performance of its API services.
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How OpenAI's ChatGPT has changed the world in just a year
Q4: Starring Sam Altman as “Lazarus”
The fourth quarter of 2023 has been a hell of a decade for OpenAI. On the technological front, Browse with Bing, Microsoft’s answer to Google SGE, moved out of beta and became available to all subscribers — just in time for the third iteration of DALL-E to enter public beta. Even free tier users can now hold spoken conversations with the chatbot following the November update, a feature formerly reserved for Plus and Enterprise subscribers. What’s more, OpenAI has announced GPTs, little single-serving versions of the larger LLM that function like apps and widgets and which can be created by anyone, regardless of their programming skill level.
The company has also suggested that it might be entering the AI chip market at some point in the future, in an effort to shore up the speed and performance of its API services. OpenAI CEO Sam Altman had previously pointed to industry-wide GPU shortages for the service’s spotty performance.
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How OpenAI's ChatGPT has changed the world in just a year
On the technological front, Browse with Bing, Microsoft’s answer to Google SGE, moved out of beta and became available to all subscribers — just in time for the third iteration of DALL-E to enter public beta. Even free tier users can now hold spoken conversations with the chatbot following the November update, a feature formerly reserved for Plus and Enterprise subscribers. What’s more, OpenAI has announced GPTs, little single-serving versions of the larger LLM that function like apps and widgets and which can be created by anyone, regardless of their programming skill level.
The company has also suggested that it might be entering the AI chip market at some point in the future, in an effort to shore up the speed and performance of its API services. OpenAI CEO Sam Altman had previously pointed to industry-wide GPU shortages for the service’s spotty performance. Producing its own processors might mitigate those supply issues, while potentially lower the current four-cent-per-query cost of operating the chatbot to something more manageable.
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How OpenAI's ChatGPT has changed the world in just a year
Even free tier users can now hold spoken conversations with the chatbot following the November update, a feature formerly reserved for Plus and Enterprise subscribers. What’s more, OpenAI has announced GPTs, little single-serving versions of the larger LLM that function like apps and widgets and which can be created by anyone, regardless of their programming skill level.
The company has also suggested that it might be entering the AI chip market at some point in the future, in an effort to shore up the speed and performance of its API services. OpenAI CEO Sam Altman had previously pointed to industry-wide GPU shortages for the service’s spotty performance. Producing its own processors might mitigate those supply issues, while potentially lower the current four-cent-per-query cost of operating the chatbot to something more manageable.
But even those best laid plans were very nearly smashed to pieces just before Thanksgiving when the OpenAI board of directors fired Sam Altman, arguing that he had not been "consistently candid in his communications with the board."
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How OpenAI's ChatGPT has changed the world in just a year
What’s more, OpenAI has announced GPTs, little single-serving versions of the larger LLM that function like apps and widgets and which can be created by anyone, regardless of their programming skill level.
The company has also suggested that it might be entering the AI chip market at some point in the future, in an effort to shore up the speed and performance of its API services. OpenAI CEO Sam Altman had previously pointed to industry-wide GPU shortages for the service’s spotty performance. Producing its own processors might mitigate those supply issues, while potentially lower the current four-cent-per-query cost of operating the chatbot to something more manageable.
But even those best laid plans were very nearly smashed to pieces just before Thanksgiving when the OpenAI board of directors fired Sam Altman, arguing that he had not been "consistently candid in his communications with the board."
That firing didn't take.
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How OpenAI's ChatGPT has changed the world in just a year
What’s more, OpenAI has announced GPTs, little single-serving versions of the larger LLM that function like apps and widgets and which can be created by anyone, regardless of their programming skill level.
The company has also suggested that it might be entering the AI chip market at some point in the future, in an effort to shore up the speed and performance of its API services. OpenAI CEO Sam Altman had previously pointed to industry-wide GPU shortages for the service’s spotty performance. Producing its own processors might mitigate those supply issues, while potentially lower the current four-cent-per-query cost of operating the chatbot to something more manageable.
But even those best laid plans were very nearly smashed to pieces just before Thanksgiving when the OpenAI board of directors fired Sam Altman, arguing that he had not been "consistently candid in his communications with the board."
That firing didn't take. Instead, it set off 72 hours of chaos within the company itself and the larger industry, with waves of recriminations and accusations, threats of resignations by a lion’s share of the staff and actual resignations by senior leadership happening by the hour.
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7396
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How OpenAI's ChatGPT has changed the world in just a year
The company has also suggested that it might be entering the AI chip market at some point in the future, in an effort to shore up the speed and performance of its API services. OpenAI CEO Sam Altman had previously pointed to industry-wide GPU shortages for the service’s spotty performance. Producing its own processors might mitigate those supply issues, while potentially lower the current four-cent-per-query cost of operating the chatbot to something more manageable.
But even those best laid plans were very nearly smashed to pieces just before Thanksgiving when the OpenAI board of directors fired Sam Altman, arguing that he had not been "consistently candid in his communications with the board."
That firing didn't take. Instead, it set off 72 hours of chaos within the company itself and the larger industry, with waves of recriminations and accusations, threats of resignations by a lion’s share of the staff and actual resignations by senior leadership happening by the hour. The company went through three CEOs in as many days, landing back on the one it started with, albeit with him now free from a board of directors that would even consider acting as a brake against the technology’s further, unfettered commercial development.
|
7397
|
How OpenAI's ChatGPT has changed the world in just a year
Producing its own processors might mitigate those supply issues, while potentially lower the current four-cent-per-query cost of operating the chatbot to something more manageable.
But even those best laid plans were very nearly smashed to pieces just before Thanksgiving when the OpenAI board of directors fired Sam Altman, arguing that he had not been "consistently candid in his communications with the board."
That firing didn't take. Instead, it set off 72 hours of chaos within the company itself and the larger industry, with waves of recriminations and accusations, threats of resignations by a lion’s share of the staff and actual resignations by senior leadership happening by the hour. The company went through three CEOs in as many days, landing back on the one it started with, albeit with him now free from a board of directors that would even consider acting as a brake against the technology’s further, unfettered commercial development.
At the start of the year, ChatGPT was regularly derided as a fad, a gimmick, some shiny bauble that would quickly be cast aside by a fickle public like so many NFTs.
|
7398
|
How OpenAI's ChatGPT has changed the world in just a year
That firing didn't take. Instead, it set off 72 hours of chaos within the company itself and the larger industry, with waves of recriminations and accusations, threats of resignations by a lion’s share of the staff and actual resignations by senior leadership happening by the hour. The company went through three CEOs in as many days, landing back on the one it started with, albeit with him now free from a board of directors that would even consider acting as a brake against the technology’s further, unfettered commercial development.
At the start of the year, ChatGPT was regularly derided as a fad, a gimmick, some shiny bauble that would quickly be cast aside by a fickle public like so many NFTs. Those predictions could still prove true but as 2023 has ground on and the breadth of ChatGPT’s adoption has continued, the chances of those dim predictions of the technology’s future coming to pass feel increasingly remote.
|
7399
|
How OpenAI's ChatGPT has changed the world in just a year
That firing didn't take. Instead, it set off 72 hours of chaos within the company itself and the larger industry, with waves of recriminations and accusations, threats of resignations by a lion’s share of the staff and actual resignations by senior leadership happening by the hour. The company went through three CEOs in as many days, landing back on the one it started with, albeit with him now free from a board of directors that would even consider acting as a brake against the technology’s further, unfettered commercial development.
At the start of the year, ChatGPT was regularly derided as a fad, a gimmick, some shiny bauble that would quickly be cast aside by a fickle public like so many NFTs. Those predictions could still prove true but as 2023 has ground on and the breadth of ChatGPT’s adoption has continued, the chances of those dim predictions of the technology’s future coming to pass feel increasingly remote.
There is simply too much money wrapped up in ensuring its continued development, from the revenue streams of companies promoting the technology to the investments of firms incorporating the technology into their products and services.
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