Business

The Tech Company Brief by Hackernoon: Google and OpenAI aim for enterprise AI domination

Apparently not satisfied with handing over the power of generative AI to the masses, both Google and OpenAI are now looking to further commercialize their technologies by targeting the big fish.

Just recently, Google and OpenAI announced that they would be offering a version of their generative AI tools tailored for enterprise customers. In Google’s case, the company is playing catch up with Microsoft after fumbling its big generative AI reveal via Bard.

Microsoft has had a big lead over Google, having initially invested in OpenAI back when it wasn’t as big of a deal as it is today, and following it up with an even bigger investment (media estimates at around $10 billion) following the public launch and success of ChatGPT. Microsoft was quick to swoop in on the success, integrating generative AI capabilities across a suite of its products and leaving Google far, far behind.

It’s important to note, however, that Google has been in the AI game for much longer, though not necessarily in the ways people might think.

Google is making available its intelligence-powered tools to enterprise customers at a monthly price of $30 per user, the same as rival Microsoft’s “Copilot” AI-powered office software suite, Reuters reported. Furthermore, the Alphabet-owned company also announced a new version of its custom-built AI chips that is reportedly optimized for genAI and large language models.

OpenAI, on the other hand, seems to be playing an entirely different game. The Sam Altman-founded company is looking to offer enterprise customers a version of ChatGPT that keeps their trade secrets safe. Called ChatGPT Enterprise, this version of the popular generative AI model offers enterprise-grade security and privacy that protects large businesses’ data as they embark on their own AI journeys.

Google ranked #1 on HackerNoon’s Tech Company Rankingsthis week.

Google Ranking on HackerNoon’s Tech Company Rankings

Facebook Down But Not Out 🇨🇦

Meta might low key be one of the most evil corporations in the world, but its antics hasn’t stopped people from using its service.

ICYMI: Meta banned the sharing of news across its platforms Facebook and Instagram in Canada after the government passed a law requiring the company to pay domestic news providers for sharing their content on its platform. Normally, this would have been fine, but the Canadian government wasn’t happy that the company maintained the ban while wildfires were raging across Canada’s western province of British Columbia.

The government argued the company’s “reckless” ban on domestic news had essentially left its people locked out of receiving important data about the fires.

But Meta didn’t care, arguing instead that users didn’t come to its platform for news, which made up less than 3% of the content on its users’ feeds anyway, and forcing it to pay for content was just bad for its business.

Well, a new report from Reuters just might give credence to the company’s claims. According to the report, Canadians’ usage of Facebook has remained largely the same as before the news ban.

This could potentially complicate matters for the Canadian government, which was hoping to bring Meta around to its point of view. We’ll keep you posted on updates as we get them.

Facebook ranked #4 on HackerNoon’s Tech Company Rankings this week. Instagram was #5, while parent company Meta was on the #75 spot.

Facebook Ranking on HackerNoon’s Tech Company Rankings

Instagram Ranking on HackerNoon’s Tech Company Rankings

Meta’s Ranking on HackerNoon’s Tech Company Rankings


In Other News.. 📰

  • Google’s AI-powered note-taking app is the messy beginning of something great — via The Verge.
  • Intel says new ‘Sierra Forest’ chip to more than double power efficiency — via Reuters.
  • OpenAI Passes $1 Billion Revenue Pace as Big Companies Boost AI Spending — via The Information.
  • Meta avatars are finally getting legs (in beta) — via TechCrunch.
  • AI tools make things up a lot, and that’s a huge problem — via CNN.
  • Grayscale’s big court win boosts Bitcoin and crypto sentiment — via Axios.
  • Tesla ordered by auto regulators to provide data on ‘Elon mode’ Autopilot configuration — via CNBC.

And that’s a wrap! Don’t forget to share this newsletter with your family and friends! See y’all next week. PEACE! ☮️

— Sheharyar Khan, Editor, Business Tech @ HackerNoon

All rankings are current as of Monday and may change by the time of publication. To view the latest ranking, visit HackerNoon’s Tech Company News Pages.


This article was originally published by Sheharyar Khan on Hackernoon.

HackerNoon

Recent Posts

Reality intelligence startup Track3D raises $10M to tackle construction delays

Construction is one of the world’s most complex industries to manage. Projects run late, costs…

24 hours ago

UK to force digital ID, Blair Institute claims 62% of Brits favor digital identity

Illegal immigration is the Trojan Horse of choice to deliver mandatory digital ID: perspective Using…

1 day ago

97% of CIOs, CTOs concerned about unethical use of AI at companies: Report

Since the launch of OpenAI’s ChatGPT in late 2022, use of artificial intelligence (AI) has…

2 days ago

We can’t eat it, but AI will feed the world

Since its massification in the early 2020s, AI has been slowly integrated into sectors as…

7 days ago

To monitor disinformation Von der Leyen urges European Democracy Shield, Center for Democratic Resilience

The EU, UN, WEF, and G20 all call on stakeholders to mitigate the harmful effects…

1 week ago

Trump Takes Aim at Remote Work—Is He the Movement’s Top Adversary?

Back in 2018, I wrote a story, To Kill an Outsourcing Bird. For my younger readers,…

1 week ago