TECHNOLOGY

OpenAI has been in discussions with investors about a possible share sale which would value the AI startup behind ChatGPT at between $80 and $90 billion, nearly triple what it went for in an April share sale.

The startup, which Microsoft owns 49% of, says it plans to reach $1 billion in revenue this year, and much more next year. The company generates revenue by charging $20 per month for access to its most advanced public version, GPT-4, as well as licensing the large (more…)

By Annabel Cossins-Smith of Power Technology

The “vast majority” of environmental projects most commonly used within the voluntary carbon market (VCM) to offset greenhouse gas (GHG) emissions seem to have “fundamental failings” and cannot be relied upon to tackle global warming, according to a joint investigation from the Guardian and non-profit climate watchdog Corporate Accountability.

The investigation analysed the top 50 emission offset projects, selected because (more…)