Open Source news and trends

Musk Says X Will Open Source Its New Algorithm
Social Commerce // January 11, 2026

Elon Musk says his social media platform X will open its new algorithm to the public. The change, set to happen six days from now, includes all code for organic and advertising post recommendations, Musk said in a post Saturday (Jan. 11) on the platform....

Perplexity Proposes Open-Source Version of TikTok Algorithm
Social Commerce // March 23, 2025

TikTok’s owner ByteDance has less than two weeks to sell the social media platform. Now, artificial intelligence (AI) search engine firm Perplexity is making the case for why it should become the popular video-sharing service’s new owner, following weeks of reports that the company was...

OpenAI CEO Sam Altman: Company Considering ‘Different Open-Source Strategy’
Artificial Intelligence // February 02, 2025

OpenAI is reportedly reconsidering its recent shift to a closed-source development approach. The artificial intelligence (AI) developer had adopted that approach after starting as an open-source company, but is now rethinking it after DeepSeek’s release of a lower cost open-source AI model, Seeking Alpha reported...

PayPal-Backed Formance Raises $21 Million to Grow Open-Source Ledger
Back-office // January 29, 2025

Open-source financial infrastructure provider Formance raised $21 million in a Series A funding round to grow its Ledger and other solutions that help developers build financial flows and products. The funding round was co-led by PayPal Ventures and Portage and came after a 12-month period...

Interviews & Exclusives
Foundational Models: Building Blocks for Generative AI Applications

September 15, 2023
By Stefan Geirhofer and Scott McKinney Generative artificial intelligence (GenAI) refers to a category of machine learning models that, in response to a user’s input prompt, can generate output based on the prompt.  The generated content can be of different types, including text, computer source code, images, audio, and video. Developing GenAI models from scratch […]

Baidu: AI Exceeds Human Natural Language Comprehension And Open Source Could Make It Even Better

March 18, 2020
Every consumer has gone through at least one iteration in their commercial life of the clunky, junky product search. It starts with a basic idea of what one is looking...

Red Hat: Innovating Payments The Open Source Way

March 17, 2020
To stay competitive, especially with digital startups unencumbered by legacy systems, traditional financial institutions (FIs) need to deliver seamless customer services to individual consumers and enterprise customers alike. To that...

What ATMs And Open Source Have To Do With Payments Innovation

March 07, 2019
It might be the case that 2019 takes shape as a watershed year for payments regulation, marked by PSD2 and GDPR. Stakeholders in the financial services and payments arenas are navigating...

Quick Reads
Businesses Embrace Open-Weight AI Amid Heavy Tech Costs

September 27, 2026
American businesses are reportedly turning to lower-cost “open” artificial intelligence models to gain control over rising tech expenses. As the Financial Times (FT) reported Sunday (Sept. 27), open-weight models, which users can run on their own hardware, can be less costly for companies than paying for access to advanced models from companies like OpenAI and […]

Musk Says X Will Open Source Its New Algorithm

January 11, 2026
Elon Musk says his social media platform X will open its new algorithm to the public. The change, set to happen six days from now, includes all code for organic...

Perplexity Proposes Open-Source Version of TikTok Algorithm

March 23, 2025
TikTok’s owner ByteDance has less than two weeks to sell the social media platform. Now, artificial intelligence (AI) search engine firm Perplexity is making the case for why it should...

OpenAI CEO Sam Altman: Company Considering ‘Different Open-Source Strategy’

February 02, 2025
OpenAI is reportedly reconsidering its recent shift to a closed-source development approach. The artificial intelligence (AI) developer had adopted that approach after starting as an open-source company, but is now...