Thank you forjoining us. Why are they doing this . Thank you so much. First of all, all of the things about models was a big promise about the impact and scalability and universal approach. You can use purpose ai for different applications. Now, it is time to show the economic return. They need more control of their assets and Infrastructure And Data capacity in order to deal with the next round. It is 6. 5 billion. It is 150 Billion valuation. It is not easy to understand that technologies commoditised. The price of chatgpt is 3. 5. Now, it is 2 of the price it was in 2022 when this model was leading. There is much more competition including Language Models and smaller Language Models, and local solutions and companies. Does it raise questions about the ethical approach of 0penai . They always said that they wanted to avoid the mistakes that were made with the social media revolution. It is. Does becoming a for Profit Company jeopardise that . You becoming a forProfit Company jeopardi
Unpleasant and sometimes you have to execute a Search Warrant or not give somebody an opportunity to delay or take more time. So i think that has yet to play out, but it is clear, jim, as you said, there is some bad blood here between the respective sides and theres a Pr Battle going on. I mean, Eric Adams made statements last night. Apparently hes going to speak again. Hes going to try to get in before the u. S. Attorney speaks at 11 ive been 30. Eric adams we know is not shy about what he says on camera. Its worth noting the u. S. Attorney, who again will speak in about a half hour. He is constrained as to what he can say. I think when we see his press conference, weve seen them recently. We saw when two weeks ago in the sean combs, the did he case . The u. S. Attorney can only say essentially whats already in this indictment now its a 50 some page indictment. Its very detailed. So he will have some material to work with here, but yeah, Eric Adams, i believe Eric Adams will continue
Theyre going to delay the interests until they have to pay it or to start to repay that loan and its a tremendous resource to really help small businesses get back on their feet decide where to position yourself tomorrow with The Storm made. Were listening here to the fema administrator, deanne criswell. She is giving an update on Hurricane Helene, which is intensifying and which is huge. It is now on the verge of becoming a category three. It is barreling towards the Southeastern Us and she is warning so much of the Storm Surge that we are expecting already seen tropical storm conditions as we are looking towards this landfall that is expected here in the coming hours, but already there are parts of florida were seeing it here underwater as these conditions are battering the coast, the national Weather Service is Warning Breaching of the bay. I was over there maybe about an hour ago and you could see that some of the water because of the rough seas and the strong winds have started to
That this indictment was coming and would be Unsealed Today. We expect him to take that podium any moment now, but im going to hand off to jose diazbalart, who picks up our breaking News Coverage right now. Good morning, 11 00 a. M. Eastern, 8 00 a. M. Pacific. All eyes are on new York City where mayor Eric Adams could speak at any moment. Just after Federal Prosecutors unsealed an indictment charging him with bribery, Wire Fraud, and many other charges. Federal prosecutors are scheduled to hold a News Conference later this hour as well. Were going to, of course, bring you all these remarks when they occur, but youre seeing there that dais has been set up right outside where were going to be hearing from the mayor of new York City any moment now. Adams is the first mayor in modern new York City history to be charged while in office. The indictment was unsealed hours after the Mayors Attorney said Fbi Agents went to the mayors residence, Gracy Mansion, to take the mayors phone. With us