The financial prospectus for Opendoor, the largest instant home buyer, showed revenue declines alongside hefty losses as it looks to attract shareholder approval for a merger with Chamath Palahapitiya’s blank-check company. Opendoor’s revenue fell by 12% in the first half of 2020, thanks to a lower volume of home sales amid Covid-19, compared to the same period last year. The company said its...
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OpenAI’s Hidden Weapon: Ex-Google Engineers
As OpenAI’s web chatbot became a global sensation in recent months, artificial intelligence practitioners and investors have wondered how a seven-year-old startup beat Google to the punch. Google runs two of the world’s foremost AI research groups, yet a startup quickly developed a product, ChatGPT, that tens of millions of people have already used and that Google’s leaders...
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