Capital Insights

  OpenAI CEO Sam Altman attends an event on the sidelines of the Artificial Intelligence Action Summit in Paris on Tuesday. Photo: AFP CapIn - U.S. companies are facing increased investor scrutiny over their heavy spending on AI, following the launch of a low-cost model by Chinese start-up DeepSeek. OpenAI will not release "o3" as a standalone artificial intelligence (AI) model, as the ChatGPT developer aims to simplify its product lineup, CEO Sam Altman announced on Wednesday. The Microsoft-backed company plans to introduce GPT-5 as a comprehensive AI system, integrating o3 along with other technologies, Altman said in a post on X. OpenAI had previously unveiled the o3 and o3 mini models in December 2024. This move comes as U.S. companies face growing pressure from investors over escalating AI expenditures, especially after DeepSeek’s recent release of an affordable AI model. "We want to do a much better job simplifying our product offerings. We want AI to 'just wor...

The John F. Kennedy Memorial Plaza, closed for the day of the 50th anniversary of JFK's assassination, is pictured in Dallas, Texas November 22, 2013. ( COURTESY REUTERS/Mike Stone ) CapIn -  The United States Federal Bureau of Investigation (FBI) has discovered approximately 2,400 new documents related to the assassination of President John F. Kennedy in 1963. This discovery followed an executive order signed by President Donald Trump in January, requesting the declassification of all documents related to the case. According to an FBI statement last Tuesday, a re-examination of the archives was conducted after Trump issued the order, revealing hundreds of previously unrecognized documents as part of the Kennedy assassination case file. The FBI also stated that these newly inventoried and digitized documents have been transferred to the National Archives and Records Administration for inclusion in the ongoing declassification process. Although the FBI has not disclosed the contents...

CapIn - In a significant development within the artificial intelligence (AI) sector, Elon Musk, leading a consortium of investors, has made a $97.4 billion offer to acquire OpenAI's controlling non-profit entity. This move has intensified the ongoing dispute between Musk and OpenAI's CEO, Sam Altman, concerning the organization's direction and foundational mission. Background of the Dispute Elon Musk and Sam Altman co-founded OpenAI in 2015 with the mission to develop AI technologies that benefit humanity. Initially established as a non-profit, OpenAI aimed to promote open-source research and prioritize safety in AI development. However, in 2018, Musk departed from OpenAI's board, citing potential conflicts of interest with his other ventures, notably Tesla. Reports suggest that Musk's exit was also influenced by internal disagreements over control and the organization's strategic direction. citeturn0search1 Following Musk's departure, OpenAI transitio...

  CapIn - Sam Altman, CEO and co-founder of OpenAI, has reaffirmed that his company is not for sale following a $97.4 billion (£78.7 billion) acquisition bid from a group led by Elon Musk. Altman made this statement during an interview with Sky News while attending the Paris AI Summit alongside world leaders. When asked whether he could still retain OpenAI after such a significant offer, Altman responded, "The board will decide the next steps... Our mission is very important, and we are fully focused on ensuring it remains intact." He further emphasized, "OpenAI is not for sale, nor is its mission." As OpenAI plans to transition into a for-profit entity, Elon Musk has openly opposed this move and has even taken legal action. In a statement released on Monday, Musk stated, "It's time for OpenAI to return to being an open-source, safety-focused force for good as it once was. We will make sure that happens." Meanwhile, Altman has expressed his willing...