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Vector Institute taps seasoned executive Tony Gaffney to lead AI hub for next five years (BETAKIT)

Tony Gaffney will take over from Garth Gibson, who the institute said steps down from a five-year term as the institute’s inaugural president and CEO.

ChatGPT Creator is talking to investors about selling shares at $29 Billion valuation (THE WALL STREET JOURNAL)

OpenAI, the research lab behind the viral ChatGPT chatbot, is in talks to sell existing shares in a tender offer that would value the company at around $29 billion, according to people familiar with the matter, making it one of the most valuable US startups on paper despite generating little revenue.

ChatGPT has exploded in popularity. The BetaKit podcast recently explored whether the AI tool could replace BetaKit.

Thomson Reuters closes acquisition of US tax software company SurePrep for $500 million (BETAKIT)

Thomson Reuters and SurePrep had been partners since April of last year. As SurePrep CEO Dave Wyle put it, “this transaction builds on our existing partnership/reseller arrangement to deliver our vision of end-to-end tax automation that solves our customers’ biggest pain points.”

A New Area of A.I. Booms, Even Amid the Tech Gloom (THE NEW YORK TIMES)

An investment frenzy over “generative artificial intelligence” has gripped Silicon Valley, as tools that generate text, images and sounds in response to short prompts seize the imagination.

BetaKit is hiring across Canada (BETAKIT)

The publication of record for Canadian startups is growing and needs your talent.

Editor, British Columbia (Jobbio / Gaulin Media)
Editor, Alberta (Jobbio / Gaulin Media)
Editor, Québec (Jobbio / Gaulin Media)
Staff Writer (1-Year Contract) (Jobbio / Gaulin Media)

Ghost Writer: Microsoft looks to add OpenAI’s chatbot technology to word, email (THE INFORMATION)

In a move that could change how more than a billion people write documents, presentations and emails, Microsoft has discussed incorporating OpenAI’s artificial intelligence in Word, PowerPoint, Outlook and other apps so customers can automatically generate text using simple prompts, a person with direct knowledge of the effort told The Information.

Darwin AI secures $8.1 million CAD to improve efficiency of electronics manufacturing (BETAKIT)

The company classified the financing as an extension, but told BetaKit that it was raised at a “slightly lower valuation” than the company’s last round in 2020.

Canada’s new artificial intelligence laws in Bill C-27 are not very intelligent (THE GLOBE AND MAIL)

Bill C-27 is ostensibly meant to protect Canadians’ privacy, but its provisions for AI threaten our potential future as leaders in artificial intelligence.

Vector Health Labs acquires AI-driven mental health tech startup Get A-Head (BETAKIT)

According to Get A-Head, its integration into Vector Health will enable the latter to expand its offerings from telehealth and non-invasive lab testing to also include mental health support. The acquisition closed in late August this year.

A New Chat Bot Is a ‘Code Red’ for Google’s Search Business (THE NEW YORK TIMES)

A new wave of chat bots like ChatGPT use artificial intelligence that could reinvent or even replace the traditional internet search engine.

What to expect from AI in 2023 (TECHCRUNCH)

What’s on deck for AI in 2023? Will regulation rein in the worst of what AI brings, or are the floodgates open? Will powerful, transformative new forms of AI emerge, à la ChatGPT, disrupting industries once thought safe from automation?

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The post A|I: The AI Times – ChatGPT creator OpenAI in talks to raise at $29 billion valuation first appeared on BetaKit.

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