With OpenAI having started the AI arms race through its groundbreaking advancements, there are no signs that the AI startup may stop any time soon. In its latest, the company said on Tuesday, January 14, that it is introducing a beta feature called Tasks to ChatGPT. The move is said to highlight the company’s entry into the virtual assistant space, competing with Apple’s Siri and Amazon’s Alexa. Through Tasks, ChatGPT users will be able to request tasks to be performed at a future time, including one-time reminders. This includes tasks such as fetching daily weather updates or even news briefings.
READ ALSO: Top 10 AI Stocks on Latest Analyst Ratings and News and 10 Must-Watch AI Stocks on Investors’ Radar
ChatGPT maker OpenAI also revealed that it has finalized a version of its new reasoning AI model o3 mini. According to CEO Sam Altman, the finalized version will be launched in a couple of weeks. Altman further wrote in a post on social media platform X that the company has listened to user feedback, and will be releasing the application programming interface (API) and ChatGPT simultaneously.
OpenAI plans to launch the o3 mini by the end of January, and the full o3 afterwards. This move may be because there may be robust large language models that could outperform existing models and attract new investments and users. Currently, the o1 models are capable of reasoning through complex tasks. According to the company, they can solve more challenging problems than previous models in science, coding, and math.
While OpenAI is racing toward reaching the next levels in AI outpacing its competitors, it is just as much concerned about the country’s policy toward it. The company has recently laid out an economic blueprint with its vision for artificial intelligence in the US. “Chips, data, and energy are the keys to winning AI”, it said. It also said that the U.S. needs to act now to craft nationwide rules that will help secure its advantage.
“There’s an estimated $175 billion sitting in global funds awaiting investment in AI projects, and if the U.S. doesn’t attract those funds, they will flow to China-backed projects —strengthening the Chinese Communist Party’s global influence”.
-OpenAI said in the document.
The company has also outlined proposals for export controls on AI models. According to them, adversary nations should be unable to access them as they are more likely to misuse the technology.
After raising $6.6 billion last year, the company plans to turn itself into a for-profit business so that it can capture even more funds to stay ahead in the AI race.
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10. Soluna Holdings, Inc. (NASDAQ:SLNH)
Number of Hedge Fund Holders: 3
Soluna Holdings, Inc. (NASDAQ:SLNH) is a developer of green data centers for intensive computing applications including Bitcoin mining and AI. On January 8, the company released its December 2024 business updates, highlighting significant achievements and developments in its AI endeavors. It has reached 100 GWh of curtailed energy monetization at Project Dorothy, equivalent to powering an estimated 11,500 H100s for a year. Some other key developments include the company having signed AI deals with a San Francisco Compute Company as well as Atlas Cloud, a company offering cutting-edge cloud solutions and IT services. The company has also launched its partnership with Gynger, an embedded financing platform, to offer flexible financing options for AI enterprises.
9. SiTime Corporation (NASDAQ:SITM)
Number of Hedge Fund Holders: 18
SiTime Corporation (NASDAQ:SITM) is a precision timing company. The firm markets micro-electromechanical systems designed to improve performance in data centers, 5G networks, and AI-driven applications. On January 15, the company announced the differential-ended SiT5977 Super-TCXO®, a single-chip timing solution designed to deliver resilient performance for AI compute-nodes with high bandwidth and network synchronization. The timing solution delivers tighter synchronization, improved network telemetry, and high-speed 800G bandwidth connectivity. Some applications of the newest member of the SiTime Elite RF™ family include smart network interface cards (Smart NICs), acceleration cards, switches and compute nodes. Together, it is a $200 billion data center infrastructure market.
“Improving AI workload efficiency to reduce energy consumption and carbon emissions is an industry-wide challenge. Precision timing is one of the approaches to help solve this problem. SiTime is the only semiconductor company fully dedicated to developing innovative timing solutions required for the complex scaling of today’s AI datacenters”.
-Dave Altavilla, president and principal analyst at HotTech Vision & Analysis.
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