financetom
Business
financetom
/
Business
/
Market Chatter: OpenAI, Google, Anthropic Face Challenges to Develop More Advanced AI
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: OpenAI, Google, Anthropic Face Challenges to Develop More Advanced AI
Nov 13, 2024 4:40 AM

07:08 AM EST, 11/13/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is struggling to develop more advanced artificial intelligence as its Orion model did not achieve the company's expected performance, Bloomberg reported Wednesday, citing two people familiar with the situation.

Orion fell short of resolving coding queries that it had not been trained on, the report added, citing the sources.

OpenAI is also putting Orion through a months-long process known as post-training, and the startup is not expecting to roll out the model until early 2025, one of the people told the news outlet.

Alphabet's (GOOG, GOOGL) Google ( GOOG ) is also struggling as its upcoming Gemini software is not living up to internal expectations, the report said, citing three people with knowledge of the matter.

Additionally, Bloomberg said that Amazon.com ( AMZN )-backed (AMZN) AI startup Anthropic is not alone in the queue as it has seen the timetable slip to launch its long-awaited Claude model 3.5 Opus.

OpenAI, Google ( GOOG ), and Anthropic did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 421.49, Change: -1.54, Percent Change: -0.36

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
3M CFO Departs to Join Archer-Daniels-Midland in Similar Role
3M CFO Departs to Join Archer-Daniels-Midland in Similar Role
Jul 10, 2024
10:08 AM EDT, 07/10/2024 (MT Newswires) -- 3M ( MMM ) said Wednesday its chief financial officer, Monish Patolawala, would leave the company on July 31, less than three months after a new chief executive took the reins at the industrial conglomerate. Patolawala will join Archer-Daniels-Midland ( ADM ) as CFO, effective Aug. 1, the agriculture supply company said in...
Update: Intuit to Cut 1,800 Jobs, Close Facilities in Idaho, Canada
Update: Intuit to Cut 1,800 Jobs, Close Facilities in Idaho, Canada
Jul 10, 2024
10:07 AM EDT, 07/10/2024 (MT Newswires) -- (Updates with new information throughout, adds stock move in fifth paragraph.) Intuit (INTU) will eliminate around 1,800 jobs and close facilities in Boise, Idaho and Edmonton, Alberta, Canada, in a reallocation of resources supporting artificial intelligence initiatives and other high-growth sectors, the software firm said Wednesday in filing with the US Securities and...
RBC With Precious Metals Q2 2024 Earnings Preview; 1st of 4 parts, RBC's View
RBC With Precious Metals Q2 2024 Earnings Preview; 1st of 4 parts, RBC's View
Jul 10, 2024
10:11 AM EDT, 07/10/2024 (MT Newswires) -- Precious metal producers are expected to report financial improvements in the second quarter from the prior quarter, RBC Capital Markets said in a Wednesday note. RBC said the projected growth will be driven by higher gold and silver prices. Looking forward to 2H, we forecast a further stepwise financial improvement that supports our...
Conduent Renews Pharmacy Benefit Management Contract With Montana
Conduent Renews Pharmacy Benefit Management Contract With Montana
Jul 10, 2024
10:07 AM EDT, 07/10/2024 (MT Newswires) -- Conduent ( CNDT ) said Wednesday that it has renewed a pharmacy benefit management contract with the Montana Department of Public Health and Human Services for three years. The company said it will continue to provide medical authorization, precertification, payment method development and inpatient call center services for the government agency. Financial terms...
Copyright 2023-2026 - www.financetom.com All Rights Reserved