AI Market News: OpenAI's Next LLM, NVIDIA's CEO on AGI and More

Here's the latest news on artificial intelligence — just for you:

OpenAI Could Release GPT-5 Mid-Year

San Francisco-based OpenAI could reportedly roll out GPT-5 — the next version of its large language model that powers ChatGPT — “this summer,” according to Business Insider reporter Kali Hays. A CEO was reportedly shown a demo of the next version. OpenAI released GPT-4 last March.

NVIDIA CEO Expects AGI Within 5 Years

Jensen Huang, founder and CEO of the Santa Clara, California-based AI chipmaker NVIDIA, said he thinks AI technology can reach the level of artificial general intelligence (AGI) within five years, according to Barron’s. He made the comments at NVIDIA GTC, saying that an AGI test could involve multiple exams in multiple disciplines.

US Giving Intel Billions to Make Chips

The U.S. Department of Commerce reached a preliminary agreement with the Santa Clara, California-based chipmaker Intel to give Intel up to $8.5 billion in direct funding as well as $11 billion in loans under the CHIPS and Science Act. The funds will support the construction and expansion of Intel facilities in Arizona, New Mexico, Ohio and Oregon and are expected to help create nearly 30,000 jobs and support “tens of thousands” of indirect jobs. The investment is partly intended to strengthen the U.S. chip supply chain and national security.

Saudi Arabia and Andreessen Horowitz Discussing AI Fund

The Saudi Arabia Public Investment Fund (PIF) and the Menlo Park, California-based venture capital firm Andreessen Horowitz are talking about partnering on an AI fund that could reach $40 billion, according to Bloomberg. The PIF would reportedly be an investor in the fund and may initially run the fund.

Astera Labs IPO Hits Market

Santa Clara, California-based Astera Labs, a connectivity company for cloud and AI, commenced its initial public offering on the Nasdaq Global Select Market under the ticker symbol “ALAB.” The IPO includes 19.8 million shares of common stock at the public price of $36 a share. The gross proceeds to Astera Labs from the offering are expected to be about $604 million, according to the company. The offering is expected to close on March 22.

See more: 10 Top AI Companies Defining the Market

French Agency Fines Google

The Paris-based Competition Authority issued fines totaling 250-million euros to Alphabet, Google, Google Ireland and Google France for “non-compliance” with previous “commitments.” The Competition Authority says, in part, that Google used content from publishers and press agencies to train its model for Bard, without notifying them or the authority. Google followed a settlement procedure and proposed a series of “corrective measures,” according to the agency.

GitHub Releases Auto-Fix Feature for Code

San Francisco-based GitHub is introducing a feature that allows users to scan and auto-fix code. The tool covers over 90% of alert types in JavaScript, Typescript, Java and Python, providing code suggestions that fix “more than two-thirds of found vulnerabilities with little or no editing,” according to GitHub. The feature is powered by GitHub Copilot and CodeQL and is in public beta for GitHub Advanced Security users.

ServiceNow Unveils ‘Washington, D.C.’

Santa Clara, California-based ServiceNow, a digital workflow company, expanded its generative AI offerings with the “Washington, D.C.” release of its GenAI Now Platform. The new features include Now Assist for IT Operations Management (ITOM) AIOps and ServiceNow Impact AI Accelerators.

EY Collaborating With NVIDIA

EY US is partnering with NVIDIA to help EY clients implement and accelerate their AI adoptions with NVIDIA technology. EY expects to initially train 10,000 people across multiple locations and Global Delivery Centers on NVIDIA AI technology, including its software and accelerated computing infrastructure.

AWS, Anthropic and Accenture Partnering on GenAI

AWS, Anthropic and Accenture are collaborating to help organizations, particularly those in highly regulated industries — such as health care, government, banking and insurance — “responsibly” adopt and scale customized generative AI technologies. The companies plan to help customers innovate, improve customer service and make their workforces “more productive.”

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