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Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, a person briefed on the matter said on Saturday. A day after the board fired him in a surprise move that rocked the tech world, Altman was talking with OpenAI executives about improving the company's governance structure while he discusses with some core OpenAI researchers and others loyal to Altman how they could start a new AI company, the person said. The possibilities of a return or a restart for Altman, seen by many as the face of generative AI, are in flux, said the source , who asked not to be named because the source was not authorized to speak on behalf of the parties involved. OpenAI and Altman did not reply to requests for comment. Investors in OpenAI, including its biggest backer Microsoft, are discussing damage control, including possibly pushing the board to restore ...

SHANGHAI: Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million ) to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday. The company will also launch a com Pet ition for developers to build applications off its ERNIE large language model (LLM) or integrate the model into their existing products, it added. Chinese tech companies have raced to release their own LLMs following the dramatic success of ChatGPT, the AI-powered chatbot released by Microsft-backed (MSFT.O) OpenAI. Almost 80 organisations in China have  launch ed their own LLMs since 2020, with releases this year slightly exceeding those of the United States, a report showed this week. In March, Baidu unveiled Ernie Bot, its own AI-powered LLM. E-commerce giant Alibaba Group Holding Ltd was among the other Chinese companies that followed quickly. In response to the surge of LLMs, China publi...