OpenAI

The company is on track to make about $3.4 billion in revenue this year, which is about double what it brought in last year, according to a new report by The Information.

CEO Sam Altman reportedly told employees that $200 million of that revenue is the cut OpenAI gets from Microsoft selling its models through Azure. That means the vast majority of OpenAI’s revenue is coming from ChatGPT subscriptions and its own developer platform.

I’m at Fortune’s MPW dinner in San Francisco, where OpenAI CTO Mira Murati had a quick, wide-ranging conversation about the state of the company.

What I found most interesting was her comments on the weird board structure: The previous non-profit board structure didn’t have accountability to anyone but themselves, she said. That is the old board that ousted CEO Sam Altman.

Musk, who founded xAI, said that “if Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies,” and called that integration “an unacceptable security violation.”

Apple and OpenAI have implemented precautions, with OpenAI saying that “requests are not stored by OpenAI.” Still, Musk might make visitors check their Apple devices. Will Windows devices need to be checked, too?

Siri meets generative AI, genmoji, image generation, and some big upgrades for Apple Photos. If you just want the Cliff’s Notes on Apple’s artificial intelligence plans, we’ve got you covered.

Kevin Weil, a Facebook product veteran, is joining in the newly-created role of chief product officer. Ex-Nextdoor CEO Sarah Friar is also joining as chief financial officer.

“Sarah and Kevin bring a depth of experience that will enable OpenAI to scale our operations, set a strategy for the next phase of growth, and ensure that our teams have the resources they need to continue to thrive,” CEO Sam Altman says.

Apple is widely expected to announce a partnership with OpenAI at WWDC today. CEO Sam Altman has already been spotted on the ground at Apple HQ as people arrive for the keynote. More to come very soon.

Take comfort in your shared misery because ChatGPT has been up and down since about 3AM ET, according to our own testing and OpenAI’s dashboard. A fix has been implemented as of 7:19AM ET and marked resolved shortly thereafter.

The 39-year-old has no stake in OpenAI and earns a yearly salary of $65,000. But Altman was already rich as a result of his early investments in startups, and now he’s super rich after backing more companies that do business with the ChatGPT maker.

His holdings are now worth at least $2.8 billion.

OpenAI says that training of its latest frontier model “has recently begun” — something that’s been rumored for a while — on the path to developing artificial general intelligence (AGI).

Altman and Co have also formed a new Safety and Security Committee to help guide critical decisions for OpenAI projects. This follows the resignation of a key OpenAI researcher over concerns that safety had taken ‘a backseat to shiny products.’

Following an outage that started early Thursday, Microsoft reported “mitigation efforts” successfully brought some Copilot services back online (along with those of third parties like DuckDuckGo and ChatGPT’s internet search feature) as of noon that day.

As for the rest, its 365 Status account on X now reports that “all Copilot features are functioning as expected.”

Bloomberg reports Meta and Google met with major Hollywood studios to license content for their AI video generation platforms. These meetings come after OpenAI reportedly spoke to several Hollywood studios about using its AI video generation model, Sora.

Meta has been working on its AI video generation model Emu since last year. Meanwhile, Google unveiled Veo during Google I/O this month.

Microsoft CEO Satya Nadella says Sam Altman will appear onstage at Build soon to “talk about what’s next” with Microsoft CTO and EVP of AI Kevin Scott. Will we hear about OpenAI’s search engine, powered partly by Bing? GPT-5? Vague promises of the AI future? Stay tuned.

Like many other assistants and AI devices plugged into OpenAI’s latest LLM, Microsoft just announced at today’s Surface event that Copilot will soon be plugged into GPT-4o (and powered by new Surface Plus PCs). They demonstrated the integration by showing Copilot guide a player through Minecraft, using GPT-4o to see and react to what was happening onscreen.

Vox reported yesterday, following two high-profile departures, that OpenAI’s exit terms include revoking employees’ vested equity in the company if they ever disparage it or acknowledge the terms exist. OpenAI told the outlet it hadn’t revoked equity before, and wouldn’t in the future.

Those terms were real and “should never have been,” Altman posted today, adding that he’s “genuinely embarrassed” by them.