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<ul><li><keyword id="23673649" type="General" weightage="20" keywordseo="oneplus-13-unboxing-video" source="Orion">OnePlus 13 unboxing video</keyword> has leaked</li><li>The phone is expected to come in three colours</li><li><keyword id="20850131" type="General" weightage="100" keywordseo="OnePlus-13" source="keywords">OnePlus 13</keyword> will launch in China this month</li></ul> <keyword id="19900518" type="General" weightage="20" keywordseo="OnePlus" source="keywords" meta.keywordsubtype="org" meta.entityname="OnePlus" meta.hostid="261" meta.entityid="OnePlus">OnePlus</keyword> had recently announced the China launch date for the OnePlus 13. The smartphone arrives on October 31 this year, coinciding with the festival of Diwali. Although Chinese customers will get their hands on the OnePlus 13 soon, Indian fans will need to wait a little longer. Speculation suggests an early 2025 release, likely following the pattern of previous launches. As the smartphone gears up for its debut, excitement is mounting as details about the flagship have started to leak. Now, to add to the excitement, an <keyword id="23673647" type="General" weightage="20" keywordseo="unboxing-video" source="keywords">unboxing video</keyword> of the phone has surfaced online. <h2>OnePlus 13 unboxing video leaked</h2> A leaked unboxing video from a tech channel, Sparrows News, has given eager fans a sneak peek of the upcoming flagship. The device, shown off in the video, flaunts a refreshed design and is rumoured to come in three distinct colours—Obsidian Black, White Dawn, and Blue Moment. <div type="Article" hostid="261" msid="114212984" title="OnePlus 13 rumours: MagSafe-like charging, battery upgrades and all we know so far" mstype="2" mssubtype="0"></div> One of the most notable design changes spotted in the video is the micro-quad-curved display, giving the front of the device a sleek and immersive look. The back sports a prominent circular camera module with three lenses and an LED flash, all framed by a metallic ring. The phone’s packaging, also seen in the video, follows the signature red box design that OnePlus has been known for. The packaging confirms that the Chinese variant will run on <keyword id="20055827" type="General" weightage="20" keywordseo="ColorOS" source="keywords">ColorOS</keyword>, while the global and Indian variants will likely feature OxygenOS, as per OnePlus tradition. <h2>OnePlus 13: Expected price and specs </h2> While official pricing hasn’t been confirmed, there have been leaks around the same. A user on X, TechHome, found the OnePlus 13 listed online with a price tag of 4,699 yuan (around Rs 55,440). This marks a 400 yuan increase compared to the launch price of the OnePlus 12. Speculation suggests the final price could be lower, possibly around 4,500 yuan (approximately Rs 53,080), aligning with expectations of a slight price hike for this new flagship. Coming to the expected specs, the OnePlus 13 could be powered by the Qualcomm Snapdragon 8 Elite chipset, featuring advanced Oryon cores for enhanced performance and energy efficiency. This chip, if true, would offer smooth multitasking and an impressive gaming experience. Battery life is another area of focus, with reports hinting at a significant 6,000mAh battery upgrade, capable of lasting longer than previous models. Another expected feature is its revamped design. The phone reportedly will come with a sleek, curved 6.82-inch 2K LTPO display with a 120Hz refresh rate and a peak brightness of up to 4,500 nits. <div type="Article" hostid="261" msid="114083857" title="OnePlus 13 could offer MagSafe charging like iPhone: What is MagSafe and how does it work" mstype="2" mssubtype="0"></div> In terms of camera, the phone might come equipped with three 50MP lenses for wide, ultra-wide, and telephoto shots. The phone is also expected to sport a 32MP front camera for high-quality selfies and video calls. For gamers, the OnePlus 13 could offer more than just eye-catching hardware. It’s said to be equipped with the second-generation Tiangong cooling system, which is expected to keep the phone cool during high-intensity tasks, thanks to a vapor cooling chamber that spans 9924mm². With enhanced HDR and support for 120FPS in large open-world games, the phone is expected to deliver an excellent gaming experience. Charging capabilities are also expected to be upgraded. The OnePlus 13 could support 100W wired and 50W wireless charging, and could be powered by a 6,000mAh battery.

OnePlus 13 unboxing video leaked ahead of October 31 launch, all we know about the phone

<ul class="summary-list"><li>Angela Santiago, a 33-year-old single mom, won a New Jersey housing lottery in 2024.</li><li>The part-time content creator pays $1,200 a month in rent for a brand-new two-bedroom apartment.</li></ul>This as-told-to essay is based on a conversation with Angela Santiago, a 33-year-old single mom who won an apartment with below-market-rate rent in Montville, a township about 30 miles west of Midtown Manhattan, through an affordable housing lottery program run by <a target="_blank" href="https://www.piazzanj.com/affordable-housing/">Piazza and Associates</a>. She shared her experience in a July <a target="_blank" class="" href="https://www.tiktok.com/@hiyogigi/video/7393675239781158186?_r=1&amp;_t=8ocZka4XHTT">TikTok video</a> that has more than 368,000 views. The conversation has been edited for length and clarity.I am a single mom with a 10-year-old son who I have full-time.Although his father pays child support, and I earn $43,000 a year with a bachelor's degree, it's still been a struggle managing bills and extremely high rent.I've had to work several side hustles to make ends meet, including social media. While I don't earn a lot, I've made some money on Instagram by posting reels and recently joined <a target="_blank" href="https://www.tiktok.com/@hiyogigi/video/7393675239781158186?_r=1&amp;_t=8ocZka4XHTT">TikTok</a>'s Creator Fund, where I also do product reviews.Still, paying for housing in New Jersey has felt unaffordable.When I moved to my previous apartment complex in Elizabeth in 2018, the rent for a two-bedroom apartment started at $1,550 a month and increased to $1,760 by 2024.The complex was old, and had bugs and no amenities. I wasn't living in a great area, either. The school district wasn't the best, and there was crime, homelessness, and drug use on the streets.I knew I had to leave Elizabeth before my son reached high-school age because I wanted him to be safe and receive a better education. I didn't want him to be exposed to the kinds of things I was growing up. That kind of environment forces kids to grow up way too fast.<h2 id="e52f6420-eaa7-4e65-8f63-9c89a476f848">I didn't think I'd win the housing lottery</h2>In New Jersey, developers can build big, expensive buildings as long as they reserve some units for low-income people. This helps make sure that everyone has a shot at affording some of the nicer buildings.In 2018, a former coworker told me about Piazza and Associates, a company that helps low-income renters and home buyers find affordable housing.Piazza and Associates runs a lottery program that helps these households get into homes or apartments at discounted rates — relative to income — across New Jersey.At first, the program sounded too good to be true. I also read reviews from other applicants who said the process took a long time and that it was tedious.I wanted to apply but thought, "Yeah, right, like I'm going to win one of these apartments."But last year, a coworker of mine was buying a home through Piazza. He encouraged me to apply, and his success was motivational. I realized that if he could do it, so could I.<h2 id="0b955ed1-7f0a-4427-ab6b-5ff190ad2121">The housing-lottery application process was tedious</h2>I submitted my preliminary application for an apartment complex in October 2023. I didn't receive a request to send in my final application until late March. I was waitlisted because my income was too high for the very low-income category, so I was moved to the low category.In April, I received an email asking me to submit my final application. The whole process required a lot of paperwork. The stack of documents needed was about three inches tall and included W-2s, six months of bank statements, and more.In July, I was given the OK to submit my final application for the apartment complex. I also had to resubmit bank statements to Piazza. Later that month, I received my approval letter, signed my lease, and then moved into my new apartment in August.I basically hit the lottery. In the building where I live, only six to 10 apartments were set aside for low-income tenants, yet 5,128 people applied.<h2 id="ce3ce568-1e55-42c5-8324-46fd0d908370">Our apartment is new and beautiful</h2>My new apartment is located in Montville, a very affluent town.The median house price is about $800,000, and the median income is around $134,000. The schools are also amazing.My apartment complex has several courtyards with grills and a large rentable event space that includes a pool table, TVs, and a kitchenette.Additionally, there's an arcade, playground, gym, rooftop lounge with a bar area, and a tanning section.<div type="image" title="The entertainment room with a pool table at Santiago's apartment complex." height="2268" width="3024" msid="112531036" hostid="261" sizebytes="603634"></div>My apartment costs $1,260 monthly, including parking and a dog fee.I have a gorgeous two-bedroom, two-bathroom unit with a walk-in closet, a dual vanity in the bathroom, and a balcony.It also has an in-unit washer and dryer, a built-in microwave above the electric stove, and a dishwasher.When I moved in, I got rid of many items, including my king-size bed, which wouldn't fit in my new place's smaller bedroom.I used nearly $500 from the revenue I earned from my videos on TikTok to buy a couch and a coffee table from a local Habitat for Humanity store.I am okay with just the basics for now because the opportunity is just so great.<h2 id="0d17999f-96fd-472e-af82-acdcd0ba01a9">My life has changed for the better since winning the housing lottery</h2>Removing ourselves from the old building and town has done wonders for our mental health.Both my son and I have changed for the better. We wake up happier and have a better overall outlook on life.My son is excited to explore the amenities and enjoy the sunshine. This is unlike when he used to play in the parking lot at our old complex. It's great to have a safe space for him.The best part of living in my new building is just having peace. I haven't heard sirens since I moved in, and it's wonderful to have a quiet environment without arguments in the hallways or the unpleasant smell of drugs.I am also able to save money to get a safer car now.<div type="image" title="The arcade room at Santiago's apartment complex." height="2268" width="3024" msid="112531033" hostid="261" sizebytes="859018"></div>Lottery programs like Piazza's are making a significant impact and changing lives, which is amazing.It's especially encouraging to see that many of the people benefiting are Black and Brown women, who are getting a chance to be independent and live in luxury.However, the process isn't as fast or efficient as it could be. While they're helping many people, they have so much on their plate trying to get them into apartments.I believe more programs like this, along with additional resources, are needed. Greater awareness also needs to be raised to show that they are legitimate and not scams.I've been moved by comments on my video from people saying it gave them hope. It's heartbreaking to realize how many people are struggling and need such programs.I just wish there were more opportunities available to those who need them.

I won a housing lottery with over 5,000 applicants. Now I pay $1,260 a month for a brand-new home.

<keyword id="19912297" type="General" weightage="20" keywordseo="Nvidia" source="keywords" meta.keywordsubtype="org" meta.entityname="Nvidia" meta.hostid="261" meta.entityid="Nvidia">Nvidia</keyword> is set to host its flagship <keyword id="19899640" type="General" weightage="20" keywordseo="AI" source="keywords">AI</keyword> conference, the <keyword id="22703102" type="General" weightage="100" keywordseo="Nvidia-AI-Summit" source="keywords">Nvidia AI Summit</keyword>, from October 23-25, 2024, in <keyword id="19895282" type="General" weightage="20" keywordseo="Mumbai" source="keywords">Mumbai</keyword>. This event is one of three global summits this year, alongside those in Washington, D.C., and Japan, and aims to be a convergence of minds, gathering top executives, AI experts, developers, innovators, and key technology decision-makers to explore advancements in AI. The summit is highly recommended for developers and business decision-makers at GSIs and GCCs seeking insights into AI solutions tailored for both the Indian and global markets. It aims to address critical local challenges and open new opportunities for <keyword id="19936494" type="General" weightage="20" keywordseo="innovation" source="keywords">innovation</keyword>. Event highlights include a fireside chat with Nvidia's founder and CEO, <keyword id="19979316" type="General" weightage="20" keywordseo="Jensen-Huang" source="keywords">Jensen Huang</keyword>, who will discuss the future of AI, interactions with world-class speakers, and hands-on demonstrations of the latest AI technologies. Attendees can also expect valuable networking opportunities, interactive workshops, and expert panels on future AI trends. "With accelerated computing infrastructure, research, and AI skilling at scale, India has the potential to become the Intelligence Capital of the world and the upcoming Nvidia's <keyword id="20157373" type="General" weightage="20" keywordseo="AI-Summit" source="keywords">AI Summit</keyword> is the first of its kind with significant focus on India," said Vishal Dhupar, Managing Director, Asia-South Nvidia. "It promises to be topical, relevant for India, and a must-attend for developers, startups and enterprises", he added. As per a note, the summit will showcase the transformational impact of AI across various domains, from manufacturing and robotics to healthcare and life sciences, providing attendees with valuable hands-on experience. India's dedicated AI mission is under consideration. Speaking at the inaugural event of the Global India AI Summit 2024 in the national capital, Union IT Minister <keyword id="19904138" type="General" weightage="20" keywordseo="ashwini-vaishnaw" source="keywords">Ashwini Vaishnaw</keyword> said that the government will roll out the India AI Mission in the next two or three months, during which the government will help domestic companies procure computing power units to run artificial intelligence (AI) systems. The company has seen huge demand for its chips, driving its market value to USD 3.16 trillion, making it the third most valuable company after Microsoft and Apple. Many Indian companies, such as Reliance Group, Tata Group, and Yotta Infrastructure, have struck deals with Nvidia for its GPUs.

Nvidia to host AI Summit in Mumbai from October 23-25, 2024

<ul class="summary-list"><li>Disney unveiled a slew of upcoming film projects during its biennial fan event, D23.</li><li>Many are prequels and sequels based on existing IP, including "Toy Story 5" and "Mufasa: The Lion King."</li></ul>After a series of theatrical misfires, Disney wants to turn misery into magic by doing what it does best: capitalizing on its already beloved franchises.Crowds gathered at the Honda Center in Anaheim, California, this weekend to attend <a target="_blank" class="" href="https://www.businessinsider.com/d23-sneak-peek-mandalorian-movie-sequel-moana-2-incredibles-3-2024-8">D23: The Ultimate Disney Fan Event</a>. The biennial expo has become the ultimate fandom experience for enthusiasts who love Marvel, Star Wars, Pixar, 20th Century Studios, and everything else Disney owns.On Friday, Disney CEO <a target="_blank" class="editor-rtfLink" href="https://www.tiktok.com/@heyinsiders/video/7401567655414467871?lang=en&amp;q=D23%20Bob%20Iger&amp;t=1723318765134">Bob Iger attended the expo,</a> walking onto the main stage to thunderous applause from the audience. It was an uncharacteristic appearance from Iger, who hadn't attended the event since 2019 when Disney was aglow with praise for box-office hits like "Avengers: Endgame" and "Toy Story 4."<div type="image" title="The Inside Out 2 booth at D23 in 2024." height="2849" width="4280" msid="112448555" hostid="261" sizebytes="884736"></div>But times have changed.For years, Disney bolstered its reputation as an entertainment heavyweight that could deliver successful films over and over again. <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/highest-grossing-movies-box-office-2017-1#1-avatar-2009-54">"Frozen" grossed $1.3 billion</a> worldwide in 2013, while its sequel surpassed that at $1.4 billion. Other popular franchises like "Avatar" made more than $5 billion across two films, and Marvel Studios' last installment of the "Avengers" series made $2.7 billion.Then, Iger retired in 2021, and so did Disney's undeniable reign at the box office.Although films like <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/guardians-of-the-galaxy-vol-3-review-2023-4">"Guardians of the Galaxy Vol. 3"</a> surpassed $845 million worldwide, others like <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/marvel-movies-ranked-how-much-money-at-global-box-office-2021-11">"The Marvels"</a> and <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/disney-movie-release-dates-this-year-2023-1">"Wish"</a> fell below expectations. Those films earned $206 million and $254 million worldwide, respectively.Disney began sliding away from its billion-dollar benchmark, prompting executives to pivot their strategy and coax <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/inside-return-disney-ceo-bob-iger-ouster-chapek-executive-complaints-2022-11">Iger out of retirement</a> to again helm the company in 2022.Iger acknowledged the stark reality in a <a target="_blank" class="editor-rtfLink" href="https://seekingalpha.com/article/4649431-walt-disney-company-dis-q4-2023-earnings-call-transcript">2023 earnings call</a>, saying the COVID-19 pandemic hurt the company's plan to ratchet up its project output."And I've always felt that quantity can be actually a negative when it comes to quality. And I think that's exactly what happened. We lost some focus," Iger said.Iger then floated Disney's life raft: prequels and sequels."I feel really optimistic about the slate going forward, which is going to be a balance between some really strong sequels to some very, very popular titles, as well as some good original content," he said.Disney has already found success in 2024 by mining its existing stories."Inside Out 2" was a success this summer, grossing $1.4 billion so far. "Deadpool &amp; Wolverine," the third in the Marvel franchise, is nearing the $1 billion mark less than a month after its July release.At D23, fans were introduced to a slate of new projects based on Disney's old IP, including "Moana 2" and a "Lion King" prequel titled "Mufasa."Here are all the prequel and sequel films Disney has on its docket.<h2 id="833bad86-5920-4a05-a36d-63e037ba40a3">Walt Disney Studios and Walt Disney Animation Studios</h2><ul><li>"Moana 2" — November 27, 2024.</li><li>"Mufasa: The Lion King" — December 20, 2024</li><li>"Tron: Ares " — October 10, 2025</li><li>"Zootopia 2" — November 26, 2025</li><li>"Freakier Friday" — 2025</li><li>"Frozen 3"— 2027</li></ul><h2 id="0b964895-0afa-4430-9f42-065788f9d150">20th Century Fox</h2><ul><li>"Avatar: Fire and Ash" — December 19, 2025</li></ul><h2 id="5804e006-8792-40ad-aab7-639779aff883">Pixar Animation Studios</h2><ul><li>"Toy Story 5" — June 19, 2026</li><li>"Incredibles 3 " — currently in production</li></ul><h2 id="99585b42-543e-4880-9bbd-68bc358071ed">Lucasfilm</h2><ul><li>"The Mandalorian and Grogu" — May 22, 2026</li></ul><h2 id="736fa9d4-be05-41eb-83c5-e5fa4f845165">Marvel Studios</h2><ul><li>"Captain America: Brave New World" — February 14, 2025</li></ul>

Here are all the upcoming prequels and sequels that Disney hopes will turn its box-office struggles around

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/apple">Apple</a> is expected to expand Apple Intelligence with an iOS 18.2 update on December 2.</li><li>It will feature enhanced writing tools, ChatGPT, and a visual intelligence tool.</li></ul>Apple has one more AI drop in store for consumers this year.<a target="_blank" class="" href="https://www.businessinsider.com/apple-intelligence-features-rollout-timeline-iphone-16-2024-9">Apple Intelligence, i</a>ts highly anticipated genAI software, launched with the first set of features on October 28, and the tech giant said it plans to continue the rollout in December.Apple said it plans to build out Apple Intelligence over the next several months, with drops in December and April. The new AI software is only available on iPhone 15 Pro or later.Its upcoming launch is expected to be on December 2 as part of the iOS 18.2 update, in time for the holiday season, according to <a target="_blank" class="" href="https://www.bloomberg.com/news/newsletters/2024-11-03/apple-finally-finds-its-game-console-rival-with-the-new-m4-and-m4-pro-mac-minis-m31na57p">Bloomberg</a>. Apple said it will include updates to the writing tools feature to handle more specific requests, the introduction of ChatGPT, and Apple's new visual intelligence tool.With visual intelligence, Apple said iPhone 16 owners can use their new <a target="_blank" class="" href="https://www.businessinsider.com/apple-iphone-16-camera-button-creating-buzz-despite-no-ai-2024-9">Camera Control button</a> to get information on objects or places — or translate languages with AI.Although Apple didn't specify if the customizable emojis known as "genmojis" will be a part of the December launch, Bloomberg reported that would will likely be in iOS 18.2, as well as its image generator app called Image Playground.Top tech companies, like Apple, Microsoft, and Meta, have been spending more on <a target="_blank" class="" href="https://www.businessinsider.com/meta-scraps-kendall-jenner-tom-brady-celebrity-ai-chatbots-2024-8">AI projects</a> to create the next big thing in GenAI. While its rivals have been quick to announce and launch their AI offerings, Apple is taking a slower approach.Apple Intelligence was announced at the <a target="_blank" class="" href="https://www.businessinsider.com/apple-wwdc-event-live-updates-keynote-announcements-2024-6">Worldwide Developer Conference</a> in June. The first features debuted four months later.So far, the upgrades expected "in the coming months" also reportedly include a more personal Siri that can better understand context and prioritized notifications. Apple said support for non-English languages will come in April.

Apple has a new batch of AI features arriving in time for the holidays

<ul class="summary-list"><li>BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry.</li><li>Easing the ban, he said, would help reduce the EU's reliance on China for batteries.</li></ul>The European Union needs to move away from its planned ban on gasoline vehicles if it wants to reduce reliance on China for batteries, <a target="_blank" class="" href="https://www.businessinsider.com/bmw-ceo-oliver-zipse-tesla-growth-sales-struggle-electric-vehicles-2021-2">BMW</a> CEO <a target="_blank" class="" href="https://www.businessinsider.com/production-chief-zipse-named-new-boss-at-automaker-bmw-2019-7">Oliver Zipse</a> said on Tuesday.Zipse was addressing attendees at the Paris Automotive Summit when he criticized the EU's requirement for all new cars and vans to have zero emissions from 2035.The law, which was approved by EU countries in March 2023, is part of the region's efforts to achieve climate neutrality by 2050."For the automotive industry, geopolitical resilience and access to markets and raw materials remains critical to success and future viability, while also reducing dependencies on China through openness to technologies," Zipse said on Tuesday.A "correction" of the planned 2035 gasoline vehicle ban, Zipse said, would help reduce European OEMs' reliance on China for batteries.Earlier in his speech, Zipse said the EU's ban could "threaten the European automotive industry in its heart" and "lead to a massive shrinking of the industry as a whole."BMW's decarbonization efforts, Zipse told summit attendees, weren't just focused on the vehicles they produced, but also on their supply chains."To maintain the successful course, a strictly technology-agnostic path with the policy framework is essential," Zipse said."The only thing that counts in the end is the tonne of CO2 that is not emitted and the earlier the better, and not the technological way how this reduction is achieved," he added.Representatives for Zipse at BMW didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.Several Western auto chiefs have commented on the challenges and difficulties that could arise from transitioning their industry to electric vehicles.<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stellantis-leverages-its-management-organisation-with-changes-to-drive-performance-under-the-leadership-of-carlos-tavares-1033836989">Stellantis</a> CEO <a target="_blank" class="" href="https://www.businessinsider.com/bmw-stellantis-renault-auto-giants-on-chinese-ev-competition-2024-10">Carlos Tavares,</a> who helms an automaker that owns brands like Chrysler, Fiat, Jeep, Maserati, and Peugeot, is advocating for a short transition from combustion engine vehicles to electric ones.On Monday, Tavares said in an interview with the Financial Times that automakers will find themselves in a "<a target="_blank" class="" href="https://www.businessinsider.com/stellantis-ceo-slow-ev-transition-big-trap-automakers-2024-10">big trap</a>" if the EV transition slows.This, Tavares said, is because automakers will have to continue to invest in both electric and gasoline vehicles, thus incurring higher costs."When you make a longer transition, in fact, you don't replace the old world by the new one. You add up the new world to the old," he said.EV sales have been <a target="_blank" class="" href="https://www.businessinsider.com/electric-car-ev-sales-prices-problem-transportation-2024-1">declining</a> in Europe in recent months. In August, EV registrations fell by nearly 44% compared to the same month a year ago, per the European Automobile Manufacturers' Association.That's on top of the steep competition Western automakers are facing from their Chinese counterparts like <a target="_blank" class="" href="https://www.businessinsider.com/how-chinese-automaker-byd-rose-to-challenge-tesla-2024-4">BYD</a>.Mercedes-Benz CEO <a target="_blank" class="" href="https://www.businessinsider.com/china-electric-cars-mercedes-benz-ola-kallenius-european-union-tariffs-2024-3">Ola Källenius</a> told attendees at the Berlin Global Dialogue conference on October 2 that the Western auto industry is fighting a "<a target="_blank" class="" href="https://www.businessinsider.com/western-auto-chiefs-industry-locked-in-darwinian-battle-with-china-2024-10">Darwinistic-like price war</a>" with their Chinese rivals.This, he said, could eventually result in "market purification.""Many of those players that are around now. Many of those are not going to be around five years from now," Källenius continued."You must control your nerves, keep on investing, keep on innovating and make sure that at the end of that Darwinian battle, that you are one of the combatants that are left and that's what we are focusing on," he added.

BMW CEO: A 2035 gasoline ban will hit the European car industry 'in its heart' and make it reliant on Chinese batteries

<ul class="summary-list"><li>OpenAI announced in October that it raised $6.6 billion at a blockbuster $157 billion valuation.</li><li>Among its new backers was a well-known investor: SoftBank.</li></ul>Before investing $500 million in OpenAI, SoftBank passed up an opportunity to do so last year at a fraction of the cost.But the chief financial officer for SoftBank's Vision Funds, the world's largest technology investor, says it wasn't the right time."We could have done it in 2023 at a much lower valuation, $30 billion," Navneet Govil said in an interview with Business Insider.OpenAI shook the tech world last month when it raised $6.6 billion at a <a target="_blank" class="" href="https://www.businessinsider.com/openai-investors-latest-funding-round-2024-10">valuation of $157 billion</a> in a round that included Microsoft, Tiger Global, and SoftBank's $500 million investment.However, Govil said SoftBank sees itself as "growth equity investors with a focus on mid-to-late stage companies." Last year, the <a target="_blank" class="" href="https://www.businessinsider.com/openai-one-step-closer-becoming-profit-company-report-2024-11">largely not-for-profit version of OpenAI</a> was still figuring out potential revenue streams — but that's now changed.Since <a target="_blank" class="" href="https://www.businessinsider.com/everything-you-need-to-know-about-chat-gpt-2023-1">launching ChatGPT</a> in November 2022, OpenAI has grown rapidly as its large language model-powered app has spurred global interest in generative AI."When you look at where OpenAI is today, it's more mature, has a stronger revenue base, and a clear focus of converting to a for-profit entity," Govil said.According to Govil, OpenAI's revenue is on track to be $3.7 billion this year, a figure first reported by The New York Times, and up from roughly $20 million two years ago.Monthly active users of ChatGPT have also continued to tick up. The Vision Fund CFO claims user numbers are now at 350 million, higher than tallies at rival companies. <a target="_blank" href="https://www.businessinsider.com/apple-holds-power-openai-deal-chatgpt-iphones-tim-cook-2024-6">The company also partnered with Apple</a> earlier this year to bring ChatGPT to the iPhone maker's devices.OpenAI's valuation is now surpassed only by a tiny handful of privately held <a target="_blank" class="" href="https://www.businessinsider.com/spacex-workers-stuck-overnight-barge-with-toxic-spaceship-new-book-2024-10">companies like SpaceX</a> and TikTok's parent company, ByteDance — another company backed by SoftBank.SoftBank has led huge investments into everything from Uber to controversial companies like WeWork. After nursing heavy losses on high-stakes tech bets placed through its Vision Funds, the Japanese conglomerate swung back to a <a target="_blank" class="" href="https://www.businessinsider.com/softbank-results-profit-masayoshi-son-ai-bets-ipo-vision-fund-2024-11">$7.7 billion profit</a> in earnings posted on Tuesday.<div type="image" title="Masayoshi Son" height="1667" width="2500" msid="115255385" hostid="261" sizebytes="568038"></div>Investors typically aim to back companies as early as they can to maximize returns.But SoftBank's <a target="_blank" href="https://www.businessinsider.com/masayoshi-son-softbank-gambling-man-lionel-barber-technology-2024-9">founder, Masayoshi Son,</a> has been a longtime AI obsessive. He dreams of "artificial superintelligence," met OpenAI boss Sam Altman last year, and is a <a target="_blank" href="https://www.businessinsider.com/softbank-chatgpt-billionaire-ceo-masayoshi-son-sam-altman-2023-6">habitual user of ChatGPT.</a>While Son now has a slice of one of the world's fastest-growing AI companies, OpenAI — and its backers — are facing the exorbitant capital expenditure that comes with developing LLMs.OpenAI must undertake increasingly expensive training runs to build smarter AI models that might one day achieve human-level intelligence. Dario Amodei, CEO of OpenAI rival Anthropic, has <a target="_blank" class="" href="https://www.businessinsider.com/anthropic-ceo-cost-10-billion-train-ai-years-language-model-2024-4">projected future AI training runs of $100 billion.</a>Govil said that the "capex is going to be significant" but sees OpenAI's partnership with Microsoft and the access that grants them to the Azure cloud platform — key for hosting and training AI models — as key to managing costs.He also sees opportunities for OpenAI to continue monetizing its offerings, be it increasing the number of paying subscribers to ChatGPT, <a target="_blank" href="https://openai.com/index/introducing-gpts/">ramping up the GPT Store</a> it unveiled last year, or increasing the adoption of OpenAI's API and developer platform.However, there are other challenges for OpenAI and the wider AI market.A <a target="_blank" href="https://www.businessinsider.com/openai-orion-model-scaling-law-silicon-valley-chatgpt-2024-11">recent report suggested</a> that OpenAI's upcoming flagship AI model is struggling to make a significant performance leap over an existing model.Management issues also surround OpenAI: several top-level executives have departed the company following a failed attempt to oust CEO Altman last year.Still, SoftBank sees OpenAI making progress. And it has scope to invest in other AI firms, Govil said, despite a report last month that said OpenAI asked new investors not to bet on rival companies."Our view is if it's a disruptive company and the addressable market is large, there's room for more than one player," he added.

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