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OpenAI models

AI & Robotics News

Wells Fargo’s AI assistant just crossed 245 million interactions – no human handoffs, no sensitive data exposed

April 9, 2025

Wells Fargo has quietly accomplished what most enterprises are still dreaming about: building a large-scale, production-ready generative AI system that actually works. In 2024 alone, the bank’s AI-powered assistant, Fargo, handled 245.4 million interactions – more than doubling its original projections – and it did so without ever exposing sensitive customer data to a language model. Fargo…

AI & Robotics News

$40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear

April 1, 2025

In a move that surprised the tech industry Monday, OpenAI said it has secured a monumental $40 billion funding round led by SoftBank, catapulting its valuation to an unprecedented $300 billion — making it the largest private equity investment on record. The landmark…

AI & Robotics News

OpenAI to release open-source model as AI economics force strategic shift

April 1, 2025

OpenAI announced plans to release its first “open-weight” language model since 2019, marking a dramatic strategic shift for the company that built its business on proprietary AI systems. Sam Altman, OpenAI’s chief executive, revealed the news in a post on X on Monday.