BuzzFeed reported it was profitable on an operational basis in the second quarter, as revenue grew 51% to $89 million, largely off of its advertising business. Meanwhile, Complex Networks, which BuzzFeed has proposed acquiring as part of a plan to go public via merging with special purpose acquisition corp 890 Fifth Avenue Partners, saw a 5% drop in revenue for the quarter due to the ending of...
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Meta, OpenAI Square Off Over Open Source AI
Artificial intelligence leaders and policymakers are divided on a key question: Are cutting-edge AI models too powerful to hand to just anyone? That question has pitted companies such as Meta Platforms, which recently made the code for its conversational AI freely available on the internet, against rivals such as OpenAI that sell proprietary AI like ChatGPT but don’t share the code....
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