Burn - eriinfo

OpenAI’s staggering burn rate: 5-billion by 2029

OpenAI’s staggering burn rate: $115-billion by 2029

eriinfo.com3 weeks ago03 mins

OpenAI has sharply raised its projected cash burn through 2029 to US$115-billion (R2-trillion) as it ramps up spending to power the AI behind its popular ChatGPT chatbot, The Information reported on Friday (paywall). The new forecast is $80-billion higher than the company previously expected, the news outlet said, without citing a source for the report….

CIO Faith Burn takes up new role at Land Bank

eriinfo.com1 month ago03 mins

Faith Burn, chief technology and operations officer of the Land Bank. Technology executive Faith Burn has been appointed as chief technology and operations officer (CTOO) of the Land and Agricultural Development Bank of South Africa (Land Bank). Established in 1912 and reconstituted in 2002, the Land Bank is a wholly government-owned agricultural development finance institution,…