OpenAI, parent firm of ChatGPT, closes $122bn funding round amid AI boom

OpenAI announced on Tuesday it had closed a fundraising round of $122bn and achieved a valuation of $852bn. The funding cements the ChatGPT maker as one of the most highly valued private companies in the world.The artificial intelligence firm received multibillion-dollar investments from companies including Amazon, Nvidia and SoftBank, which committed $110bn, according to the Wall Street Journal. OpenAI also allowed a select group of individual investors to contribute about $3bn. The funding round ranks among the highest-ever in Silicon Valley

Penguin to sue OpenAI over ChatGPT version of German children’s book

Penguin Random House has filed a lawsuit against OpenAI, alleging its chatbot ChatGPT violated copyright by mimicking and reproducing the content of a popular series of German children’s books.The lawsuit, which was filed on Friday with a Munich court against OpenAI’s Ireland-based European subsidiary, states Penguin Random House’s legal team had prompted ChatGPT to write a story in the vein of Penguin author and illustrator Ingo Siegner’s Coconut the Little Dragon series.In response to the prompt “Can you write a children’s book in which Coconut the Dragon is on Mars”, the chatbot generated text and images the publishing group said were “virtually indistinguishable from the original”.As well as generating the text of a story, the AI-powered chatbot created a cover featuring Siegner’s orange dragon and two sidekicks, as well as a blurb for the back cover and instructions for how to submit the manuscript to a self-publishing platform.Coconut the Little Dragon (Der kleine Drache Kokosnuss) is one of the most popular German books for children

Landmark losses for Meta and YouTube as big tech misses the point

Hello, and welcome to TechScape. I’m your host, Blake Montgomery, US tech editor for the Guardian. I’m hoping futilely for warm spring weather in New York City, but while it’s still cold, I’m sitting inside and reading The Shallows: What the Internet Is Doing to Our Brains by Nicholas Carr. Published in 2010 and a finalist for the Pulitzer prize, the book is a fascinating record of our anxieties about technology at a time when the iPhone was just three years old and Facebook was just six. Google Chrome had debuted two years prior, and I think I was using Mozilla Firefox as my main browser

UK parents: what do you think about the government’s advice on screen time for children under five?

Children under five should spend no more than an hour a day on screens and under-twos should not be watching screens alone, according to UK government advice.The guidance was developed by a panel led by the children’s commissioner, Rachel de Souza, and the children’s health expert Prof Russell Viner.Keir Starmer said the guidance would help families keep children safe and ensure they built healthy habits with screens.The prime minister said: “Parenting in a digital world can feel relentless. Screens are everywhere, and the advice is often conflicting

Palantir’s UK boss criticises ‘ideological’ groups as ministers move to scrap NHS contract

Palantir’s UK boss has urged the government not to give in to “ideologically motivated campaigners” as government ministers explore a way out of a £330m NHS contract with the tech company.Ministers have sought advice on triggering a break clause in Palantir’s deal to deliver the Federated Data Platform (FDP), amid questions over the company’s presence in the public sector.The FDP is an AI-enabled data platform designed to connect disparate health information across the NHS, while Palantir also has contracts with the Ministry of Defence, several police forces and the UK’s financial watchdog.Louis Mosley, the executive vice-chair of Palantir in the UK, told the Times the government should resist calls to eject the company from NHS England’s data systems.“Having a review clause in a contract is good and normal practice

If OpenAI is to float on the stock market this year, it needs to start turning a profit

If OpenAI is going to float this year, it has to get serious about its business model. The wow factor around the US company – the poster child of an AI industry boom that has stoked fears of a stock market bubble – has been long established, but when will the profits come? The party can’t go on for ever.The developer of ChatGPT is one of the biggest startups in the world and is now valued at $850bn (£645bn). Meanwhile, it is reportedly spending $600bn on infrastructure (the amount it invests in datacentres and chips to power its AI models) by 2030. At least this is a reduction on an initial estimate of $1