AI Daily: OpenAI introduces new AI-enabled browser

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

CHATGPT ATLAS: In a livestream, OpenAI introduced its new AI-enabled browser “ChatGPT Atlas.” “We’re super excited about it,” CEO Sam Altman said. Browser Memory and Agent were among highlighted features. The more users interacted with ChatGPT Atlas, the better it will execute actions as it learns. Ask ChatGPT functionality included, OpenAI said in livestream. ChatGPT Atlas will be available on macOS today worldwide, with Windows, iOS, and Android versions coming soon. Agent features are only available to Plus and Pro subscribers right now.

CORE SCIENTIFIC DEAL: Core Scientific (CORZ) shareholder Two Seas Capital, an alternative investment management firm and one of the largest shareholders of Core Scientific, stated its support of independent proxy advisory firm Institutional Shareholder Services’ recommendation that shareholders of Core Scientific vote “against” the company’s proposed sale to CoreWeave (CRWV) on the terms announced on July 7. ISS stated in its report, “The board conducted an exclusive process on a short timeline, and it did not obtain downside protection against the volatility of the acquisition currency, which was still subject to a lockup. Thus, it is difficult to conclude that the process was run in a manner that maximized the likelihood of securing the best available terms for shareholders, or that the process in fact did so…It is unclear from the proxy whether the board discussed the possibility of reaching out to financial acquirers… Given the demonstrated interest by financial acquirers in the company’s self-identified competitors, shareholders may have expected formal outreach to these parties.” According to Two Seas, “in making its recommendation, ISS concluded that the Proposed Merger is the result of a flawed process, burdened by a deficient structure and an inadequate valuation”. Two Seas urges Core Scientific shareholders to vote against the proposed transaction ahead of the company’s special meeting of shareholders scheduled to be held on October 30.

AI AGENTS: Elastic (ESTC) announced Agent Builder, which it calls “a complete set of capabilities powered by Elasticsearch, that makes it easy for developers to build custom AI agents on company data-all within minutes.” The company added: “Agent Builder also provides an out-of-the-box conversational experience for exploring, analyzing, and optimizing any data in Elasticsearch.”