GPT Weekly: OpenAI Completes Restructuring
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OpenAI completes restructuring
On Oct. 28, OpenAI announced it had completed a year-long capital restructuring. Under the new structure, the nonprofit OpenAI Foundation holds a 26% stake in the for-profit OpenAI Group valued at around $130 billion, while Microsoft owns about 27%, and existing and former employees and investors hold the remaining 47%. The restructuring implies a total valuation of roughly $500 billion for OpenAI Group.
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- OpenAI completed restructuring, valuing OpenAI Group at ~$500 billion; Microsoft owns 27%, the nonprofit OpenAI Foundation holds 26%.
- Universal Music Group settled a copyright lawsuit with AI startup Udio and formed a strategic partnership on AI music generation.
- Amazon’s AI shopping assistant Rufus hit 250 million active users, with a 140% annual increase and expected to add over $10 billion in sales for 2024.
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Who’s Who
- OpenAI
- OpenAI recently completed a capital restructuring, valuing its for-profit entity at roughly $500 billion. The OpenAI Foundation holds 26%, Microsoft 27%, and employees/investors 47%. Additionally, Adobe will integrate OpenAI's models into its products. However, OpenAI faces a trademark infringement lawsuit from Cameo over its "Cameo" feature in Sora.
- Microsoft
- Microsoft owns about 27% of the for-profit OpenAI Group. This stake is part of a year-long capital restructuring completed by OpenAI. The restructuring values the OpenAI Group at roughly $500 billion.
- Universal Music Group
- Universal Music Group (UMG) and AI music-generation startup Udio have formed a strategic partnership. This collaboration aims to jointly develop commercial music creation, consumption, and streaming services. The agreement also settles a copyright infringement lawsuit filed by major record labels, including UMG, against Udio and Suno in June 2024.
- Udio
- Udio, a music-generation AI startup, faced a copyright infringement lawsuit from Universal Music Group (UMG) and other record labels. They were accused of using copyrighted music to train their models. However, UMG and Udio have now settled the lawsuit and formed a strategic partnership to co-develop commercial music creation, consumption, and streaming services.
- Sony Music
- Sony Music is one of the major record labels that, alongside Universal Music Group and Warner Music, filed a lawsuit in June 2024 against AI music-generation startups Udio and Suno. They accused these companies of using copyrighted music to train their AI models.
- Warner Music
- Warner Music, along with Sony Music and Universal Music Group, sued AI music-generation startup Udio in June 2024. They accused Udio and Suno of using copyrighted music to train their AI models.
- Adobe Inc.
- Adobe Inc. is a creative software provider. On October 28, they announced plans to integrate external AI models, including those from Google LLC, OpenAI, and Runway Inc., into their products such as Firefly, Creative Cloud, Adobe Express, and Adobe GenStudio. This initiative aims to offer new conversational AI assistants to help users with creative tasks through prompts.
- Google LLC
- Google LLC's AI models will be integrated into Adobe's creative software products, including Firefly, Creative Cloud, Adobe Express, and Adobe GenStudio. These external models, alongside Adobe's own, will power new conversational AI assistants to help users with creative tasks.
- Runway Inc.
- Runway Inc. is one of the external model companies whose AI assistants will be integrated into Adobe's products. Their models will be incorporated into Firefly, Creative Cloud, Adobe Express, and Adobe GenStudio, working alongside Adobe's own models and those from other companies like Google LLC and OpenAI.
- Cameo
- Cameo, a celebrity video provider, sued OpenAI in a California court on October 28. They allege trademark infringement due to OpenAI's "Cameo" feature in its Sora video generation product. Cameo operates an independent platform selling personalized celebrity video messages and claims OpenAI refused to stop using the name.
- Amazon.com Inc.
- Amazon.com Inc.'s CEO, Andy Jassy, announced that their AI shopping assistant, Rufus, launched in July 2024, has reached 250 million active users. Rufus has boosted monthly active users by 140% and interactions by 210%. Customers using Rufus are 60% more likely to complete purchases, with the assistant projected to generate over $10 billion in incremental sales this year.
- MiniMax
- MiniMax (Chinese: 面壁智能) released M2, an open-source inference large model designed for Agent development. Launched on October 27, it boasts a Mixture-of-Experts architecture with 230 billion parameters, 10 billion active, and an output speed of 100 tokens per second. M2 supports a 204,800-token context window.
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