OpenAI has closed a $175.3 million fund to invest in other startups, according to a securities filing. That’s 75% higher than the startup said it had raised for the fund , which it launched in May 2021 with backing from Microsoft and other investors. The fund, managed by OpenAI CEO Sam Altman and COO Brad Lightcap, raised the money from 14 investors, according to the filing. Over the last...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Exclusive startups entertainment
MasterClass Takes a Crash Course in Frugality
MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger. The startup was emerging as a poster child of the new media landscape, one that was bringing Hollywood-style production values and A-list celebrities to a category—online education—often associated with dry lectures and crummy camera work. For a course on business strategy...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Disney-Charter Deal Could Prompt More Cable TV-Streaming Bundles