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OpenAI CEO Sam Altman (Jason Redmond/AFP via Getty Images)
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AI used to transcribe medical visits is having wild and sometimes spooky “hallucinations”

The OpenAI tool sometimes adds made-up, unsettling details.

Jon Keegan

“ChatGPT can make mistakes. Check important info,” reads a warning at the bottom of OpenAI’s ChatGPT 4o chat interface.

That message is there because many of today’s AI tools are prone to “hallucinations,” where incorrect or “imagined” facts are included in a response to the user.

That may not matter much if it invents an extra ingredient for the chocolate-chip cookie recipe you asked for (even if it recommends adding glue to your pizza), but if you’re using an AI tool to help with more critical tasks — such as transcribing medical interviews — the results could be disastrous.

A new investigation by the AP found that OpenAI’s Whisper text-transcription tool is being widely used for medical transcription, despite the fact that it’s been found to hallucinate “racial commentary, violent rhetoric, and even imagined medical treatments,” according to the report. And considering how many medical professionals are using the tool, researchers found a troubling rate of hallucinations.

The problems persist even in well-recorded, short audio samples. A recent study by computer scientists uncovered 187 hallucinations in more than 13,000 clear audio snippets they examined.

That trend would lead to tens of thousands of faulty transcriptions over millions of recordings, researchers said.

OpenAI warns against using Whisper in “high-risk domains,” but that has not stopped its use in healthcare software like Nabla, which has been used to transcribe an estimated 7 million medical visits, according to the report, which included the following example:

A speaker said, “He, the boy, was going to, I’m not sure exactly, take the umbrella.”

But the transcription software added: “He took a big piece of a cross, a teeny, small piece ... I’m sure he didn’t have a terror knife so he killed a number of people.”

Adding to the problem is that Nabla deletes the original recordings of the interviews for “data safety reasons,” leaving no mechanism for verifying the transcriptions.

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OpenAI’s reported fundraising valuation keeps jumping by hundreds of billions of dollars

OpenAI is reportedly in talks to raise as much as $100 billion, with a valuation of....$500 billion...$750 billion $830 billion?

This is getting ridiculous. This week we have read multiple reports that OpenAI is in early discussions with potential investors about a significant fundraising round of up to $100 billion, to help cover its cloud computing costs.

  • On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion

  • On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion

  • Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

  • On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion

  • On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion

  • Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

tech
Jon Keegan

Report: OpenAI in early talks for new fundraising round with $750 billion valuation

Just yesterday, we were reading about how Amazon was in talks to invest as much as $10 billion in OpenAI, with an eye-popping valuation of more than $500 billion. But those numbers might already be old.

A new report by The Information says that OpenAI is in early talks to raise as much as $100 billion, with a $750 billion valuation.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

tech
Rani Molla

Trump Media surges after announcing it is merging with fusion energy company TAE Technologies

Perhaps a strong late candidate for weirdest merger of the year, Trump Media — owner of Truth Social — is combining with fusion energy company TAE Technologies in a $6 billion all-stock deal.

As part of the deal, Trump Media will provide up to $200 million of cash to TAE at signing, with an additional $100 million available once the initial filing of the Form-S4 is completed (form for registering new securities).

The deal will create “one of the world’s first publicly traded fusion companies,” per the press release revealing the combination, which also states:

In 2026, the combined company plans to site and begin construction on the world’s first utility-scale fusion power plant (50 MWe), subject to required approvals. Additional fusion power plants are planned and expected to be 350 – 500 MWe.

The announcement sent Trump Media shares up as much as 30% in premarket trading on Thursday, though it’s since shed some of that bump, holding above a 20% gain as of 7:30 a.m. ET.

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