00:00It's Benzinga bringing Wall Street to Main Street
00:02OpenAI CEO Sam Altman told CNBC that the progress of Chinese tech companies across the AI stack
00:08is remarkable as China races the U.S. to develop artificial general intelligence
00:12and deploy it across society.
00:14Altman said technological advances in many fields are moving fast,
00:19with some Chinese firms near the frontier while others lack.
00:22Microsoft President Brad Smith said U.S. companies should worry about Chinese government subsidies.
00:26OpenAI is pursuing revenue growth after investors committed around $70 billion
00:31and as it seeks to close a $100 billion fundraising round.
00:36Altman said the company is exploring Instagram-style ads in ChadGPT,
00:40starting with tests in the U.S., while prioritizing rapid growth over immediate profitability.
00:45For all things money, visit Benzinga.com.
Comments