Tech Meme

Financial Times: Sources: OpenAI has asked investors to avoid backing rival startups such as Anthropic and xAI, an exclusive funding arrangement to keep its generative AI lead  —  Sam Altman-led group wants exclusive arrangement as it secures $6.6bn funding round  —  OpenAI has asked investors … Lees verder op Tech Meme

Cade Metz / New York Times: Source: Thrive invested ~$1.3B in OpenAI’s $6.6B round, with an exclusive option to invest up to $1B more at the same $157B valuation through 2025  —  The A.I. start-up’s valuation has risen by more than $70 billion in nine months.  —  OpenAI said on Wednesday that it had completed … Lees verder op Tech Meme

Financial Times: Sources: OpenAI has asked investors to avoid backing rival startups such as Anthropic and xAI  —  Sam Altman-led group wants exclusive arrangement as it closes in on latest $6.5bn funding round  —  OpenAI has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI … Lees verder op Tech Meme

Bloomberg: OpenAI Raises $6.6 Billion in Funding at $157 Billion Valuation  — Thrive Capital, Nvidia, Microsoft among leading investors  — Altman-led startup has undergone big changes in the past year  —  OpenAI said it has completed a deal to raise $6.6 billion in new funding … Lees verder op Tech Meme

Matt Reynolds / Wired: A profile of the UK’s Advanced Research and Invention Agency, set up in February 2022 with an £800M budget for high-risk, high-reward science and tech projects  —  The Advanced Research and Invention Agency—ARIA—is the UK’s answer to Darpa.  But can it put the country back on the scientific map? Lees verder op Tech Meme

Ina Fried / Axios: OpenAI raised $6.6B led by Thrive Capital in the largest VC deal of all time, valuing it at $157B, with participation from Microsoft, Nvidia, SoftBank, others  —  – Not taking part, a source confirms, is Apple, which reportedly had been in talks to invest.  — OpenAI’s deal tops … Lees verder op Tech Meme

Bloomberg: Poolside, which is building AI-assisted software development tools, raised a $500M Series B led by Bain Capital Ventures, reportedly at a $3B valuation  —  – Company hasn’t released its product or given a launch timeline  — Investment shows continued investor appetite for AI startups Lees verder op Tech Meme

Lauren Forristal / TechCrunch: Livestream marketplace Whatnot says its GMV passed $2B+ in 2024 and its top 500 sellers each sold $1M+ on the platform; 66% of its sellers earn $10K+ per month  —  Whatnot, the livestream marketplace platform for trading card collectors and sneakerheads alike, is offering a bit of positive news … Lees verder op Tech Meme

Emma Roth / The Verge: Automattic demanded an 8% cut of WP Engine’s monthly revenue to use the WordPress trademark in a seven-year deal proposed on September 20; WP Engine declined  —  Automattic, the parent company of WordPress.com, asked rival hosting service WP Engine to hand over 8 percent of its revenue each month … Lees verder op Tech Meme

Matt Reynolds / Wired: A profile of the UK’s Advanced Research and Invention Agency, set up in February 2022 with an £800M budget for high-risk, high-reward science and tech projects  —  The Advanced Research and Invention Agency—ARIA—is the UK’s answer to Darpa.  But can it put the country back on the scientific map? Lees verder op Tech Meme