OpenAI’s relentless push to go public might be hitting a snag. According to The Wall Street Journal, CFO Sarah Friar is privately urging the company to delay its IPO until 2027, warning that it isn't ready for public reporting standards amid missed revenue targets and massive data center spending. Why it matters: While Sam Altman wants to sprint to IPO glory, his finance chief is trying to ensure the company doesn't crash on the way.
Google's AI Overviews and new chat-driven search tools are devastating referral traffic for digital publishers, according to a Wall Street Journal report. Users now get quick answers directly from chatbots instead of clicking blue links, sending The New York Times' organic search traffic share down to 36.5% in April. To survive, media outlets are rushing into licensing and revenue-sharing deals with AI giants.
OpenAI is reportedly set to air its first television commercial during Sunday’s Super Bowl, according to The Wall Street Journal. Coming shortly after the December hire of its first CMO, Kate Rouch, the spot marks the ChatGPT maker’s biggest advertising push yet. Why it matters: As tech giants race for mainstream users, OpenAI is trading pure word-of-mouth for prime-time marketing.
Meta is developing a powerful new AI model designed to match OpenAI’s most capable system, according to a Wall Street Journal report. Expected to vastly outperform Llama 2, training is slated to start in early 2024 to help businesses build complex text generation and analysis tools. Meta has not commented.
