🤔 OpenAI goes "for-profit"

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TOP STORY
🤔 OpenAI turns “for-profit”

Three things are guaranteed in life: death, taxes, and OpenAI’s top executives leaving the company. 

Earlier this week, OpenAI’s Chief Technology Officer, Mira Murati, announced she was leaving the company after six and a half years.  

Yes, for those wondering, she’s the same woman who accidentally revealed that ChatGPT was ripping off YouTube.

Are you serious? Another OpenAI executive bites the dust.

Sure, it's never a good time to leave a company, but many don’t believe Murati’s departure was a coincidence. 

Just a day after Murati left, OpenAI’s board announced restructuring the company into a for-profit business.

Here’s what that means:

• OpenAI plans to restructure into a for-profit benefit corporation, meaning the non-profit will no longer fully control the for-profit side. 

• This will make attracting investors easier and provide employee benefits like liquidity.

Interesting, where’s the controversy? The controversy lies in the shift of control.

First, CEO Sam Altman will now receive equity for the first time, which will be worth billions.

This raises concerns from outsiders 'cause billionaires are all evil, right?

Second, and the real issue, is that the shift away from non-profit control might push OpenAI to prioritize profits over its original mission of making AI safe for all.

But with ChatGPT reportedly costing hundreds of thousands of dollars a day to run, it’s no wonder they need more cash.

TECHNOLOGY
👓️ Meta Connect 2024 recap

Earlier this week, the tech junkies of Silicon Valley gathered to witness the 2024 Meta event.

For those not holding in hardware-centric tech events, Meta Connect is an annual conference where Meta showcases its latest innovations in augmented reality, virtual reality, and AI.

Headlined by the one and only Mark "the Comeback Kid" Zuckerberg.

This year, the event showcased groundbreaking advancements in a few fields:

Orion AR Glasses

Meta's first true AR glasses integrate visuals into lenses. They are currently in the prototype stage and not ready for consumers.

Ray-Ban Smart Glasses

Limited-edition transparent frames with real-time translation and enhanced AI features.

Quest 3S Headset

A $299 entry-level mixed-reality headset that will compete with Apple’s Vision Pro.

What about AI?

• Meta AI, the company’s enhanced multimodal AI, is now available on Instagram, Messenger, and WhatsApp. It features celebrity voices like John Cena and Awkwafina. 

• Llama 3.2, the latest version of Meta’s open-source AI model, has gained new features to improve user interaction, including better language understanding and support for more languages.

Looking into the future, Meta’s lofty goal is to continue its historic success with software in the form of generative AI while simultaneously becoming a significant player in the hardware industry, a challenge that hasn’t been so easy for Zuck.

RESTAURANTS
🍦Wendy’s delicious secret weapon

Over the past few years, the world’s most famous fast-food chain has become notorious for something less than great: its broken ice cream machines.

• For years, people have made TikToks and Instagram reels fun of McDonald's for being unable to keep their ice cream machines running for more than five minutes.

• In fact, there’s even a website called McBroken that’ll tell you which McDonald’s Ice Cream machines are broken anywhere in the US.

• Don’t ask me how it works; all I know is that it’s genius.

And we’re not the only ones who think so; Wendy’s seems to love ‘em, too.

For the past month or so, fellow fast-food giant Wendy's has offered small Frosty frozen dairy desserts for just $1, and they’re using McBroken as a massive advertising opportunity. 

If you visit the website, you’ll see a massive banner advertisement for the $1 Frosty right on top of all the closed McDonald’s Ice Cream machines throughout the country.

Talk about innovative marketing; if you’re looking for fresh ways to spice up your own ad game, take notes!