OpenAI delays open AI model again, Sam Altman says he doesn't know how long it will take
This isn't just any AI release. OpenAI's upcoming open model has been billed as one of the most exciting tech launches of the summer, right up there with the looming (and still mysterious) debut of GPT 5. But unlike GPT 5, which is expected to remain tightly controlled, the open model was designed to be downloadable and fully usable by developers without guardrails, a first for OpenAI in years.
However, that freedom comes with a catch. By giving developers unrestricted access to the model's underlying 'weights', the core parameters that define its intelligence, OpenAI risks losing control over how it's used. That concern appears to be front and centre in the decision to hit pause.Aidan Clark, OpenAI's VP of Research and head of the open model project, explained the reasoning further in his own post: 'Capability wise, we think the model is phenomenal — but our bar for an open source model is high, and we think we need some more time to make sure we're releasing a model we're proud of along every axis.'While developers around the world will now have to wait a little longer to test-drive OpenAI's most powerful open model to date, the company is promising it will be worth the wait. Insiders say the model is expected to rival the reasoning skills of the o-series — the family of models powering GPT 4o — and that it was designed to outperform all currently available open-source options.But OpenAI's delay could also open the door for competitors. Just hours before the announcement, Chinese startup Moonshot AI unveiled its latest heavyweight: Kimi K2, a massive one-trillion-parameter model. Early benchmarks suggest Kimi K2 already outpaces OpenAI's GPT 4.1 on a range of coding and agentic tasks, raising the stakes for OpenAI's own open offering.advertisementThe open-source AI arms race is heating up, with Google DeepMind, Anthropic, and Elon Musk's xAI pouring resources into their own next-gen models. For OpenAI, this delay means temporarily ceding the spotlight to its rivals, a rare move for the company that sparked the AI boom with ChatGPT.Still, Altman hinted at something 'unexpected and quite amazing' when he first revealed the model's initial delay in June, leaving many to wonder if OpenAI is sitting on a groundbreaking capability it simply isn't ready to unleash.- Ends
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
27 minutes ago
- India.com
List of 10 largest banks in the world released, China dominates with top 4 positions followed by..., India is...
New Delhi: China is the second largest economy in the world. But if we look at the list of the 10 largest banks in the world in terms of assets, then China dominates it. China has four banks at the top of this list. The total assets of these four banks are around 23 trillion dollars. America and France have 2 banks each in the top 10 list, while Japan and Britain have one bank each. India's banks SBI and HDFC Bank are far behind in this list. Which are the 10 largest banks in the world by assets? Here is the list of 10 largest banks in the world by assets, top 4 are from China. According to Bloomberg, China's Industrial and Commercial Bank of China (ICBC) is at the top of this list with assets of 6.7 trillion dollars. It is the largest of the 'big four' banks in China, and the largest bank in the world by total assets. The Agricultural Bank of China (ABC), also known as AgBank, is one of the 'big four' banks in China, and the second largest bank in the world by total assets of $5.9 trillion. The China Construction Bank Corporation (CCB), headquartered in Beijing, is one of the 'big four' banks in China, and is the third largest bank in the world by total assets of $5.6 trillion. The Bank of China is one of the 'big four' banks in China. It is at number four in this list with the total assets of $4.8 trillion. In this way, there are four Chinese banks at the top four positions in the list of world's banks whose total assets are around $23 trillion which is more than China's GDP ($19.23 trillion). The total assets of these four Chinese banks are around $23 trillion which is more than China's GDP, which is about $20 trillion. Which are the other countries? In this list, America's JP Morgan Chase is at number five with assets of $4 trillion. Bank of America is at number six with assets of $3.3 trillion. Britain's bank HSBC is at number seven with assets of $3 trillion. France's BNP Paribas with $2.8 trillion and Credit Agricole Group with $2.7 trillion are at number eight and nine. Japan's Mitsubishi UFJ Financial Group is at number ten with $2.6 trillion. Where does India rank? India's largest public sector bank SBI ($547 billion) and HDFC Bank ($494 billion) are among the top 100. India's largest public sector bank State Bank of India (SBI) has total assets of $547 billion and HDFC Bank has assets of $494 billion. Both these Indian banks have made it to the top 100.
Economic Times
2 hours ago
- Economic Times
ITR-2 and ITR-3 excel utility released by Income Tax Department; Taxpayers with capital gains, crypto, other incomes can now file ITR
ET Online Attention Taxpayers! Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing. The Income Tax Department has made available the excel utilities for ITR-2 and 3 forms. This allows those with taxable capital gains, crypto income, and more to begin filing their income tax returns (ITRs) starting today. The extended ITR filing deadline for FY 2024-25 (AY 2025-26) is September 15, 2025. Previously only ITR-1 and ITR-4 were released (both online and excel utility) which enabled a limited set of taxpayers with specified income classifications to file their ITR. Do note that only the excel utilities have been released. That means taxpayers who plan to file their ITRs through the online e-filing portal will have to wait. The online filing mechanism is yet to be enabled. Soon this facility is likely to be enabled by income tax department which will be separately notified. Also Read | ITR-1 vs ITR-2 vs ITR-3 vs ITR-4: Which form applies to your income? The Income Tax Department said on X (formerly Twitter) on July 11, 2025: 'Attention Taxpayers! Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing.' Read below to know more about ITR-2 and ITR-3 excel utilities. What is an Excel based ITR utility? In the download section of the income tax department's e-filing ITR portal, you can find the ITR-2 and ITR-3 utilities to download. After downloading, you will receive a Windows zip file. Extract this zip file and open the Excel file. The Excel file contains various schedules and options where you should enter your information as per requirements and declarations. After completing this, log in to the ITR e-filing portal to upload the file and submit your ITR. Remember to verify the filed ITR within 30 days of submission. Also read: ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know Who can file ITR-2? According to the income tax department website as of July 11, 2025, ITR-2 can be filed by individuals or HUFs who: Are not eligible to file ITR-1 (Sahaj) Do not have income from profit and gains of business or profession and also do not have income from profits and gains of business or profession in the nature of: interest salary bonus commission or remuneration, by whatever name called, due to, or received by him from a partnership firm Have the income of another person like spouse, minor child, etc., to be clubbed with their income – if income to be clubbed falls in any of the above categories. SR Patnaik, Partner (head - taxation), Cyril Amarchand Mangaldas, says: "The Form ITR-2 needs to be filed by individuals and Hindu Undivided Families ('HUF') who do not have any income from profits and gains of business or profession. Any individual who is eligible to file ITR-1 (which is applicable on individuals having income under the head of salaries, income from house property to the extent of one house property, and income from other sources, except winnings from lottery or race horses) is ineligible to file ITR-2." Also read: Income Tax: Changing these details on e-Filing website? Here's are the ways you can e-verify it What are the key updates to ITR-2 for FY 2024-25 (AY 2025-26)? The key updates to ITR-2 form include the following: Schedule-Capital Gain split for gains before/ after July 23, 2024 (post changes in Finance Act, 2024) Capital loss on share buyback allowed if corresponding dividend income is shown as income from other sources (post 01.10.2024) Asset & liability reporting limit raised to Rs 1 crore of total income Enhanced reporting for deductions [80C,10(13A)], etc. TDS section code to be reported in Schedule-TDS. Aseem Mowar, Tax Partner, EY India told ET Wealth Online earlier: "The new ITR-2 form simplifies filing for taxpayers earning between Rs 50 lakh and Rs 1 crore by removing the need to report assets and liabilities. Additionally, the form now mandates specifying the section under which TDS has been deducted, enhancing transparency. Furthermore, the reporting of capital gains has been refined, requiring taxpayers to indicate whether asset transfers occurred before or after July 23, 2024, ensuring accurate tax rate application. Overall, the new ITR-2 Form streamlines the reporting requirements and may help reduce return processing errors/defects." Also read: ITR filing due date extended but deadline to pay final tax without penalty is July 31 or Sept 15 now for FY 2024-25? Who needs to file ITR-3? Chartered Accountant Pranesh Jain says: ITR-3 is required for individuals and HUFs with income from business or profession, plus possibly other income sources. This includes: Business/professional income (other than presumptive basis taxation income), partnership income (non-LLP), derivatives trading, unlisted shares, capital gains (long term capital gain of shares upto 1,25,000 can be covered in ITR4 ), plus other simple terms, ITR - 3 is filed for both Individual and HUF but when the taxpayer has income from Business and Professions. For Example, if the taxpayer has business income as well as income from any other source such as capital gains or income from transactions of digital assets (crypto) or income from a partnership firm etc. then the taxpayer will have to file his return in ITR 3. What are the key updates to ITR-3 for FY 2024-25 (AY 2025-26)? The key updates to ITR-3 form include the following: Schedule-Capital Gain split for gains before/ after 23.07.2024 (post changes in Finance Act, 2024) Capital loss on share buyback allowed if corresponding dividend income is shown as income from other sources (post 01.10.2024) Asset & liability reporting limit raised to ₹1 crore of total income Reference of sec 44BBC (cruise biz) added Enhanced reporting for deductions [80C,10(13A)] etc. TDS section code to be reported in Schedule-TDS Ankit Jain, Partner, Ved Jain and Associates, says: "ITR-3 also includes provisions for Section 44BBC, requiring specific disclosures for taxpayers engaged in the business of operating ships or cruises." Chartered Accountant Gopal Bohra, Partner, Direct Tax, N. A. Shah Associates LLP, says, "The significant change in ITR-3 is the increased threshold monetary limit of total income from Rs 50 lakh to Rs 1 crore to report the Asset & Liabilities under 'Schedule AL' of ITR. Now, individual taxpayers will be required to furnish the details of specified Assets & Liabilities in Schedule AL only if total income for the FY 2024-25 (AY 2025-26) exceeds Rs 1 crore and this move will make tax filing simpler for such an additional number of taxpayers whose total income is in the range of Rs 50 lakh to 1 crore."
Mint
2 hours ago
- Mint
Nvidia CEO Jensen Huang to hold media briefing in Beijing on July 16
Beijing:Nvidia CEO Jensen Huang will hold a media briefing in Beijing on July 16, an official from the company said on Sunday, marking his second visit to the country after a trip in April where he stressed the importance of the Chinese market. Since 2022, the U.S. government has imposed restrictions on the export of Nvidia's most advanced chips to China, citing concerns over potential military applications. The U.S. also imposed a ban earlier this year on sales of Nvidia's H20 artificial intelligence chips to the country - which had been Nvidia's most powerful AI chip cleared for Chinese sales. Huang's latest visit has been closely-watched in both U.S. and China. A bipartisan pair of U.S. senators on Friday sent a letter to Huang about his China trip, asking him to abstain from meeting with companies that are working with military or intelligence bodies in the People's Republic of China. The senators also asked Huang to refrain from meeting with entities named on the United States' restricted export list. Nvidia has faced increased competition from Chinese tech giant Huawei and other makers of graphics processing units - the chips used to train artificial intelligence. But Chinese companies, including its big tech firms, still crave Nvidia chips due to the company's computing platform known as CUDA. China generated $17 billion in revenue for Nvidia in the fiscal year ending January 26, accounting for 13% of the company's total sales, based on its latest annual report. Huang has consistently highlighted China as a critical market for Nvidia's growth. Nvidia's market value topped $4 trillion for the first time last week, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology. An Nvidia spokesperson said, "American wins" when its technology sets "the global standard," and that China has one of the largest bodies of software developers in the world. AI software "should run best on the U.S. technology stack, encouraging nations worldwide to choose America," the spokesperson said.
