ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies. That growth has propelled OpenAI itself into […]
Everything you need to know about the AI chatbot Read More »
A controversial California bill to prevent AI disasters, SB 1047, has passed final votes in the state’s Senate and now proceeds to Governor Gavin Newsom’s desk. He must weigh the most extreme theoretical risks of AI systems — including their potential role in human deaths — against potentially thwarting California’s AI boom. He has until
Sign or veto: What’s next for California’s AI disaster bill, SB 1047? Read More »
OpenAI could reportedly increase its valuation to $100 billion. Nvidia and Apple are apparently in talks to contribute to the company’s next fundraising round, and Thrive Capital would lead the deal should it happen, according to The New York Times. OpenAI’s annualized revenue reportedly eclipsed $3.4 billion early this year, but it’s said to be
Is OpenAI worth $100B? | TechCrunch Read More »
OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told the Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries
Investors are already valuing OpenAI at over $100B on the secondaries market Read More »
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was a bit of a carryover from the one before as Bolt’s drama keeps unfolding — another story to be continued. But capital also flew
Fundraising is a lot easier when you have traction Read More »
Nvidia and Apple are reportedly in talks to contribute to OpenAI’s next fundraising round — a round that could value the ChatGPT maker at $100 billion. Per its sources, the New York Times says earlier OpenAI investor Thrive Capital would lead the deal should it happen. (Bloomberg was the first to report Nvidia’s involvement, and
Apple and Nvidia could be OpenAI’s next big investors Read More »
OpenAI, the creator of ChatGPT, could be in talks to raise a massive tranche of cash. The Wall Street Journal reports that OpenAI may be close to closing a fundraising round led by Thrive Capital, a previous investor, that’d value the AI company at over $100 billion. That’s substantially higher than OpenAI’s previous $86 billion
OpenAI reportedly in talks to close a new funding round at $100B+ valuation Read More »
OpenAI’s Converge 2 startup accelerator program did indeed take place, according to two sources familiar with the program, despite the silence that has shrouded it. TechCrunch has also confirmed that the Open AI Startup Fund has funded startups in the cohort. Converge 2 has been an odd exception to what is normally a mundane bit
OpenAI’s Converge 2 program has been shrouded in mystery Read More »
Hiya, folks, welcome to TechCrunch’s regular AI newsletter. If you want this in your inbox every Wednesday, sign up here. Say what you will about generative AI. But it’s commoditizing — or, at least, it appears to be. In early August, both Google and OpenAI slashed prices on their budget-friendliest text-generating models. Google reduced the
This Week in AI: AI is rapidly being commoditized Read More »
OpenAI, Adobe and Microsoft have thrown their support behind a California bill requiring tech companies to label AI-generated content, according to letters from the companies viewed by TechCrunch. The bill is headed for a final vote in August. AB 3211 requires watermarks in the metadata of AI-generated photos, videos and audio clips. Lots of AI
OpenAI, Adobe and Microsoft support California bill requiring watermarks on AI content Read More »
