OpenAI told employees Wednesday it plans to allow them to sell some of their stakes in the startup through a tender offer, following its $6.6 billion fundraising haul. The funding round “means that we have the ability to offer a tender event to give qualifying employees a liquidity option,” ... Read more ›
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The U.S. Federal Trade Commission can move forward with its antitrust claims against Amazon, a judge ruled this week, according to a person who has seen the sealed court decision. But the judge dismissed some claims brought by state attorneys general relating to alleged state law violations, the ... Read more ›
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Before we get to OpenAI’s new products for customers of its artificial intelligence models, we wanted to flag the plans of Barret Zoph, one of three key technical leaders who unexpectedly resigned last week.Zoph previously led the OpenAI team responsible for preparing AI models for release, known as post-training, and has told people that he plans to start a new company, my colleagues Erin and Jon reported.It’s not clear yet... Read more ›
0
At Square, Sarah Friar was the grownup who helped bring the fintech’s otherworldly CEO, Jack Dorsey, down to earth for investors. Now she has a shot at doing something similar for Sam Altman’s OpenAI—if she can last long term at the chaotic artificial intelligence startup. Since arriving at OpenAI as chief financial officer in June, Friar has polished a management presentation for investors to make it “dead simple” compared to... Read more ›
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Snap likes to cast its Snapchat app as “an antidote to social media.” Unlike its rival social media apps, Snapchat was “designed to be safe” for kids, the company claims. But designing something to be safe and actually making it safe aren’t the same things.How Snap has fallen short on this front became clear from an unredacted version of a complaint against the company filed today by the New Mexico... Read more ›
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The internet didn’t hold back in mocking OpenAI and SoftBank in response to my scoop on SoftBank’s Vision Fund investing $500 million at a $150 billion pre-investment valuation in the ChatGPT developer. The commentators quickly interpreted the Japanese telecom giant’s participation in the financing as a sign that the artificial intelligence market is peaking.It’s become clear that the investment firms keen to support OpenAI’s mega-financing are the same ones that... Read more ›
1
About 12 years ago, YouTube started sending out physical awards when creators hit certain subscriber milestones. Those silver and gold plaques, known as Play Buttons, have become coveted status symbols for YouTubers and a welcome recognition of their hard work. But as YouTube leaders bring a new focus on financial discipline, the video-sharing site has reduced the size of the plaques, it recently announced on a support page. For example,... Read more ›
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Barret Zoph, a key OpenAI leader who announced his departure last week alongside CTO Mira Murati and Chief Research Officer Bob McGrew, has said he plans to launch a new company, according to a person who spoke with Zoph. It’s unclear what artificial intelligence Zoph may develop or if he will ... Read more ›
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Earlier this year, Google staffers began pitching their counterparts at Samsung—a longtime Google hardware partner—on an idea for a new collaboration between the companies: high-tech glasses. At the time, another big tech company, Meta Platforms, was starting to see success from its own Ray-Ban smart glasses, which allowed people to record video and listen to music. The artificial intelligence boom had sparked even more excitement about the category, with Meta... Read more ›
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Microsoft is adding new features to its consumer-focused artificial intelligence Copilot app, including a “voice” mode that lets people talk to the chatbot, which can respond out loud, and a “vision” mode that lets the chatbot see what’s happening on a user’s screen and answer questions about ... Read more ›
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A federal judge dismissed part of the U.S. Federal Trade Commission’s broad antitrust suit against Amazon, according to a late Monday court filing. It was not clear which parts of the suit, which alleges a wide range of anticompetitive conduct, had been dismissed. Amazon and the FTC have until ... Read more ›
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Before we get to today’s newsletter, just a reminder that OpenAI will be holding its Dev Day event in San Francisco today. (This is just one of three developer-focused events the ChatGPT maker is hosting over the next two months, compared to the one-and-done approach from last year.)For those hoping for GPT-5, don’t hold your breath. Romain Huet, OpenAI’s head of developer experience, said on X a few days ago... Read more ›
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Lightspeed Venture Partners is raising money for three new funds that could total around $7 billion, according to a person who has discussed the fundraising with the firm’s partners. It’s the latest firm seeking to raise billions after a period when institutional investors pulled back from venture capital. Close to 40% of the new money will go to an opportunity fund that will make follow-on investments in its portfolio companies... Read more ›
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SoftBank’s Vision Fund has agreed to invest $500 million in OpenAI’s latest funding round, which values the developer of ChatGPT at $150 billion before the investment, The Information reported Monday. The deal would represent SoftBank’s first investment in OpenAI and its largest bet on ... Read more ›
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If you’re like me, you’re getting political fundraising text messages roughly every 15 minutes these days. But political candidates aren’t the only people raising money aggressively right now. There are also AI startup executives, most obviously the folks at OpenAI. Today we scooped the news that SoftBank is putting $500 million into OpenAI as part of a fundraising which is expected to raise $6.5 billion at a $150 billion valuation.... Read more ›
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Sunnyvale-based Cerebras, which designs chips for training and running artificial intelligence models, disclosed in a prospectus for an initial public offering that it lost $127 million last year on $78 million in revenue. Still, the startup’s revenue rose sharply in the first six months of ... Read more ›
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Satellite TV firms DirecTV and Dish Network are planning to merge, not for the first time. DirecTV’s parent, TPG, said Monday it would buy Dish Network for $1 plus assumption of about $10 billion in debt. At the same time, TPG is buying full ownership of DirecTV from AT&T for $7.6 ... Read more ›
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Thrive Capital has raised $391.3 million in new capital for an investment vehicle associated with its $3.5 billion growth fund launched in August, according to a securities filing. In March 2023, Thrive similarly raised $744.8 million for an special-purpose vehicle, a pool of capital dedicated ... Read more ›
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Epic Games on Monday sued Google and Samsung over claims that a new Samsung phone setting blocks app stores that compete with the Google Play app store, which is preloaded on devices powered by Google’s Android software, including Samsung’s. Epic last year won an antitrust suit accusing Google ... Read more ›
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As OpenAI nears a much-needed capital raise, some investors in the company have privately voiced hope that its largest shareholder and benefactor, Microsoft, will relinquish its rights to a large share of OpenAI’s future profits—an arrangement that effectively lowers the value of shares held by newer investors.I wouldn’t bet on it.Microsoft has the power to veto any proposed changes to those profit rights, and its executives haven’t wanted to change... Read more ›
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Most popular sources
Business Insider
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25% 3 |
Wired
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17% 10 |
Tom's Hardware
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10% 6 |
Gizmodo
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7% 2 |
Vox
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6% 5 |
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15.11.2025 04:44
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