The Saudi government plans to create a fund of about $40 billion for investing in artificial intelligence. The $40 billion target will dwarf the typical financing scale of American venture capital firms. In recent weeks, representatives of the Saudi sovereign wealth fund have discussed possible partnerships with top Silicon Valley venture capital firms such as the Anderson Horowitz Fund and other financiers. They cautioned that plans may still change. According to four insiders, Saudi representatives have mentioned to potential partners that the country is seeking support for a range of tech startups related to artificial intelligence, including chip manufacturers and expensive, large data centers that are increasingly necessary for the development of next-generation computing. Saudi Arabia is even considering starting its own artificial intelligence company.

As the hype around artificial intelligence (AI) in the cryptocurrency field continues to rise, the cost of registering a subnet on the Bittensor network has skyrocketed to $6.7 million, with a monthly increase of 10,000%. Just last month, the cost of registering a subnet was 100 TAO, or $53,000, but as of yesterday it had reached 10,127 TAO ($6.7 million).

According to a recent statement, the OpenAI board was unaware of the extent to which abruptly removing Sam Altman would destabilize the company.

We are dedicated to the OpenAI mission and have pursued it every step of the way.

AI robot company Figure completed a financing round of $675 million with a valuation of $2.6 billion. This round of financing was participated by Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expedition), Parkway Venture Capital, Intel Capital, and Align Ventures.

On December 27, the New York Times filed a lawsuit, claiming that Microsoft and OpenAI infringed the Times’ copyrights by using its writings to train GPT-4 and other AI models. It follows a series of similar lawsuits from the Authors Guild, writers Michael Chabon and Sarah Silverman, and more.

OpenAI’s future remains uncertain as employees threaten a walkout over the firing of former CEO and co-founder Sam Altman.

Google and its philanthropic arm, Google.org, have launched the Digital Futures Project with a $20 million investment in grants to leading think tanks and academic institutions around the world. The project aims to study responsible artificial intelligence (AI) technologies and address issues of fairness, bias, misinformation, security, and the future of work. The initiative will support researchers, organize convenings, and foster debate on public policy solutions to encourage the responsible development of AI.

Golden Finance reported that TIME magazine announced the first "TIME100 AI" list of the most influential people in the field of artificial intelligence today, which introduces the 100 most influential figures in the field of artificial intelligence, including Chinese Academy of Sciences academician Zeng Yi, OpenAI founder Sam Altman, Google DeepMind founder Demis Hassabis, a16z co-founder Marc Andreessen, Innovation Works CEO Li Kaifu, and Elon Musk was also selected as the founder of artificial intelligence company xAI.

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