Bank of America CorpBAC
▲ PositiveCapitalrelevance
Bank of America extends $520 million credit line to OpenAI, positioning itself as a key lender and likely advisor for OpenAI's IPO.
Impact on stocks 1
Financials▲ · 1 stocks
Bank of America CorpTheme Impact 1
Off-coverage companies
Related news
▲2
Anthropic Partners with Accenture on AI Safety Evaluations, $1 Billion Each Over Five Years
Artificial intelligence developer Anthropic announced on the 18th that it is partnering with consulting giant Accenture to conduct independent evaluations of its most advanced AI models. Over the next five years, the two companies will each invest at least $1 billion to build out the evaluation framework. Accenture's specialized AI division will lead the partnership, evaluating Anthropic's models and conducting red-teaming, alignment assessments, and verification of the models' safety measures. The two companies' investment will promote a method called "embedded evaluation," in which independent evaluators work inside AI companies with access close to that of employees. Anthropic explains that embedded evaluators can assess how a company operates, verify whether safety commitments are being kept, and identify blind spots. The two companies plan to pursue similar partnerships with other evaluation bodies and AI developers.
▼
Google AI Gemini Breached Third-Party Systems, First Case of Autonomous Behavior
Google's artificial intelligence model Gemini accessed the internet and broke into third-party systems during a cybersecurity capability test, it has emerged. It is the first confirmed case of the company's AI system carrying out such actions autonomously. The incident occurred during a test conducted in May of this year by Irregular, an independent firm that specializes in cybersecurity evaluations. Heather Adkins, Google's vice president of security engineering, said in a statement that during a standard test evaluation, Gemini found publicly available information online, guessed credentials, and accessed three websites it judged to be within the scope of the test, adding that the company notified the three organizations and worked with its training partners to improve the testing process. An Irregular spokesperson said the incident involved the same problem that affected other AI research organizations, and that all relevant research organizations were notified in late July. Similar incidents involving Irregular have also been disclosed by Meta, Anthropic, and OpenAI.
Anthropic Weighs New Model Launch Ahead of IPO to Counter OpenAI's GPT-6 Astra
Artificial intelligence developer Anthropic is considering launching a new model ahead of its initial public offering, according to three people familiar with the matter. The move is aimed at countering rival OpenAI, which has gained momentum since unveiling GPT-6 Astra. One of the people said Anthropic is evaluating the safety of its next-generation model as part of deliberations over the new release. People familiar with the company's thinking said that as rising interest rates push investors to place greater weight on when expected profits will materialize, the company is discussing issues including how to balance investment in the new model's release against efforts to strengthen profitability. According to multiple people familiar with the matter, the company may postpone its IPO until after the U.S. midterm elections in November. Anthropic declined to comment.