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WSJ Tech News Briefing

TNB Tech Minute: Elon Musk Says His AI Startup Will Open-Source Its Chatbot

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 11 March 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Reddit seeks up to $6.4 billion valuation in its upcoming IPO. And a group of authors is suing Nvidia for copyright infringement in AI training data. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The less your business spends the more margin you keep.

0:03.5

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0:09.5

helping you reduce costs everywhere.

0:12.0

Now through April 15th, Net Suite is offering a one-of-a-kind flexible financing program.

0:17.9

So head to Net Suite.com

0:19.4

slash Wall Street right now.

0:21.3

Here's your T&B Tech Minute for Monday, March 11th.

0:27.0

I'm Danny Lewis for the Wall Street Journal.

0:29.4

Elon Musk says his artificial intelligence startup X-AI will make its chatbot Grock an open source product.

0:36.2

In a post on his social media company X, Musk said the move will happen this week but did not give any other details.

0:44.3

An open source version could encourage developers and potential customers to choose the model over

0:47.8

other chatbots. Earlier this month Musk sued ChatGPT Maker AI, claiming the company had gone back on its original

0:55.2

commitment to make Open Source not-for-profit AI, which Open AI denies.

1:00.9

Reddit says it is seeking up to a 6.4 billion dollar valuation in its initial public offering.

1:07.0

The social media company said 22 million shares will go on sale for up to $34 each.

1:12.4

Reddit says it expects to receive almost $451 million in net proceeds from the offering.

1:18.0

It says it will use the funds for working capital,

1:20.0

as well as acquiring or investing in complementary technologies.

1:24.8

And a group of authors is suing Chipmaker and Vidia, claiming the company used some of their

1:29.7

books to train its AI models without permission.

1:33.0

The group filed a class action lawsuit on Friday

1:35.3

in the Northern District of California Federal Court.

...

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