Welcome to Get The Gist, where every weekday we share an easy-to-read summary of the latest and greatest developments in AI—news, innovations, and trends—all delivered in under 5 minutes! ⏱

In today’s edition:

• Elon Musk Leads $97 Billion Bid to Take Over OpenAI

• OpenAI’s Custom AI Chip Nears Final Design

• Google Integrates NotebookLM into One AI Premium Plan

• Groq Inc. Secures $1.5 Billion Investment From Saudi Arabia

• And more AI news….

Top Developments

Elon Musk

Elon Musk Leads $97 Billion Bid to Take Over OpenAI

The Gist: Elon Musk and a group of investors have offered $97.4 billion to acquire OpenAI’s controlling nonprofit, escalating tensions with CEO Sam Altman. The bid could disrupt OpenAI’s transition to a for-profit model and its ongoing fundraising efforts.

Key Details:

• Musk's consortium includes xAI, Baron Capital, and Emanuel Capital.

• The offer follows Musk’s lawsuit against OpenAI, accusing it of prioritizing profit over public good.

• OpenAI, valued at $157 billion, is also in talks with SoftBank for a $40 billion funding round.

• Analysts say the bid could complicate OpenAI’s shift to a for-profit structure.

OpenAI

OpenAI’s Custom AI Chip Nears Final Design

The Gist: OpenAI is finalizing its first in-house AI chip design, aiming to reduce reliance on Nvidia. The company plans to submit it for fabrication at TSMC soon, with mass production targeted for 2026.

Key Details:

• OpenAI’s chip team, led by ex-Google engineer Richard Ho, has grown to 40 members.

• The chip uses TSMC’s 3nm process and high-bandwidth memory, similar to Nvidia’s AI chips.

• Costs could reach $500 million per chip, with additional investment needed for software and infrastructure.

• The move strengthens OpenAI’s position in chip negotiations and tests feasibility for future expansion.

Google

Google Integrates Upgraded NotebookLM into One AI Premium Plan

The Gist: Google’s enhanced AI-powered note-taking app, NotebookLM Plus, is now included in the One AI Premium plan at no extra cost, offering higher usage limits and customization features.

Key Details:

• NotebookLM Plus provides expanded features such as customizable responses and enhanced sharing options.

• Originally launched in 2023, NotebookLM has evolved to include AI-driven research tools, YouTube analysis, and even AI-generated podcast discussions.

• One AI Premium subscribers ($19.99/month) now get access alongside 2TB of storage and Google’s Gemini Advanced AI models.

• Students in the US (18+) can access the plan for a discounted $9.99/month for one year.

Quick Gist

Anthropic's new Economic Index reveals that AI is primarily augmenting tasks in fields like software development and writing, rather than automating entire jobs. Read More

Google's Super Bowl ad for its Gemini AI was quietly edited to remove a misleading statistic about cheese consumption, raising concerns about the accuracy of AI-generated content. Read More

Google is beta testing a redesigned voice typing interface for Gboard, featuring a new toolbar for easier voice input and access to voice commands. Read More

Groq Inc. secured $1.5 billion from Saudi Arabia to enhance its AI infrastructure and announced the global launch of its GroqCloud AI inference service. Read More

The EU AI Champions Initiative was launched with over 60 companies and a €150bn investment to accelerate AI development and position Europe as a global leader in the field. Read More

Link Ventures invested $5 million in Datalign, enhancing its innovative AI platform for wealth managemen. Read More

THAT’S IT FOR TODAY!