Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Ripple CEO Brad Garlinghouse said he believes the crypto market will hit a record high in 2026.
“I’m very bullish, and yes, I’ll go on record as saying I think we’ll see an all-time high,” Garlinghouse told CNBC during an interview on Wednesday.
Ripple is the fintech behind XRP (XRP-USD) and RLUSD (RLUSD-USD).
- OpenAI (OPENAI) CFO Sarah Friar defended her company’s plans to insert ads in ChatGPT responses for certain U.S. users of its free service.
During a panel discussion at the World Economic Forum in Davos, Friar said OpenAI needed to establish “a strong business model” to bring artificial general intelligence, or AGI, to more people.
“Our mission is AGI for the benefit of humanity, not for the benefit of humanity who can pay,” Friar said at the event on Wednesday, according to Bloomberg.
Friar also addressed comments made the day before by the CEO of rival Google DeepMind that he was surprised OpenAI was introducing ads so early.
“Early is a weird word,” said Friar. “In ad models, you have to be at scale. Sub-scale ad models don’t work, so that would be early. When you have 800 million weekly active users, you’re really far beyond many of the companies who started in that model.”
Google DeepMind is owned by Alphabet (GOOG) (GOOGL). OpenAI, which was co-founded by Tesla (TSLA) and xAI (X.AI) CEO Elon Musk, counts Microsoft (MSFT) as a major backer.