Day: 8 November 2023

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OpenAI’s ChatGPT experiences ‘major’ outage

OpenAI

ChatGPT, OpenAI’s chatbot is back online after experiencing a brief but major outage Wednesday am, 8th November 2023.

The chatbot began returning errors before 9 a.m. ET, affecting OpenAI’s API users, which are used by more than two million developers. ChatGPT users were also told that ‘ChatGPT is at capacity right now’ and a status page referred to the issue as a ‘major outage’.

‘We’ve identified an issue resulting in high error rates across the API and ChatGPT, and we are working on remediation’, OpenAI shared in a status report at 9:50 a.m. ET.

Full services were restored by about 10:50 a.m. ET.

Bu what caused the outage?

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Nintendo to make Zelda movie

Zelda

Nintendo said on Wednesday 8th November 2023 it plans to develop a live-action film of The Legend of Zelda, one of its most popular game franchises.

Nintendo has been encouraged by the success of The Super Mario Bros. Movie which has generated more than $1 billion at the box office since its April 2023 release.

Nintendo shares surged 6% in Japan on Wednesday 6th November 2023 on the Zelda movie news, and after the company raised its sales and profit forecast for the fiscal year.

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U.S. credit card balances climbed to a $1.08 trillion record in Q3 2023

U.S. credit card debt

U.S. citizens now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York.

U.S. Household Debt Rises to $17.29 Trillion Led by Mortgage, Credit Card, and Student Loan Balances

Total household debt rose by 1.3% to reach $17.29 trillion in the third quarter of 2023, according to the latest Quarterly Report on Household Debt and Credit.

Mortgage balances increased to $12.14 trillion, credit card balances to $1.08 trillion, and student loan balances to $1.6 trillion.

Auto loan balances increased to $1.6 trillion, continuing the upward trajectory seen since 2011. Other balances, which include retail credit cards and other consumer loans, were effectively flat at $0.53 trillion. Delinquency transition rates increased for most debt types, except for student loans.

See analysis: new report on household debt

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Microsoft closes at all-time high

Microsoft closes at all-time high

Microsoft ended Tuesday’s trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence (AI). The increase gives the company a market value of about $2.68 trillion.

At a tech event on Monday 6th November 2023, Microsoft’s AI partner, OpenAI, announced a batch of updates, including price cuts and plans to allow people to make custom versions of the ChatGPT chatbot.

Microsoft CEO Satya Nadella attended and emphasized that developers building applications with OpenAI’s tools could get to market quickly by deploying their software on Microsoft’s Azure cloud infrastructure.

Microsoft has invested a reported $13 billion in OpenAI, which has granted Microsoft an exclusive licence on OpenAI’s GPT-4 large language model that can generate human-like prose in response to a few words of text.

Chatbot
Fictitious AI robot learning from a digital human online

Last week, Microsoft announced the release of an AI add-on for its Office productivity app subscriptions and an assistant in Windows 11, both of which rely on OpenAI models.

The future is looking bright for Microsoft right now.