5 place 28

323 A Sora Rival Raises Millions from NEA

The Information
Stephanie Palazzolo @ The Information 1 place · 02/26/2024 10:10 EDT

A Sora Rival Raises Millions from NEA

An up-and-coming video-generation startup—and its new investors—may get more than they bargained for when it comes to competition.AI-powered video startup Genmo is set to raise at least $30 million in funding from NEA, according to 3 people familiar with the situation. Word of the fundraising follows OpenAI’s preview of a new video generation model dubbed Sora, which sent AI enthusiasts on X into a tizzy and put a damper on rival video startups earlier this month.Genmo joins a fray of upstarts—including Run

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Last year, the board of now-collapsed fintech startup Synapse Financial Technologies discussed whether to remove the company’s CEO, Sankaet Pathak. At the time, discrepancies in Synapse’s ledgers were piling up, which the board was aware of. Andreessen Horowitz General Partner Angela Strange argued in favor of keeping Pathak in the role based on the belief that founders were best placed to run their companies, according to a person close to... Read more

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The Information
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OpenAI Considers Taking on Google With Browser

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The Information
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The Startup Powering Perplexity, Meta's AI Search

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The Information
Qianer Liu @ The Information 1 place · 11/26/2024 09:00 EDT

If Taiwan Semiconductor Manufacturing Co. had its way, the chip manufacturing powerhouse would be a neutral party in the battle between the U.S. and China for technological supremacy—a semiconductor version of Switzerland, one TSMC executive told The Information. Unfortunately, the company may find it increasingly tough to avoid picking a side. Last month, the U.S. Commerce Department launched an investigation into whether TSMC was still producing chips for Chinese tech... Read more

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The Information
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