OpenAI’s ChatGPT an ‘inflection point’ in technology

OpenAI’s ChatGPT an ‘inflection point’ in technology

Johnson Idesoh, group chief information and technology officer, Absa Group. (Photograph by Lesley Moyo) ChatGPT’s release in November 2022 marked a true technological inflection point; not an incremental shift but a discontinuity reshaping how we work, communicate and create value, says Johnson Idesoh, group chief information and technology officer at Absa Group. He adds that the…

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

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

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….

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