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From left, DataRobot executives Tom Levey, Dan Wright (CEO) and Damon Fletcher (CFO). Art by Mike Sullivan
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startups enterprise

As DataRobot Struggled, Executives Sold Private Shares at Peak Valuation

By Kevin McLaughlin · June 15, 2022 6:00 AM PDT · 3 comments
Last year, five top executives at artificial intelligence software startup DataRobot collectively sold $32 million worth of shares to investors, according to confidential documents outlining the sales. The sales occurred after the company was privately valued at $6.3 billion in a funding round. The other 1,200 or so employees, some of whom had... Last year, five top executives at artificial intelligence software startup DataRobot collectively...
Real answer from OpenAI's ChatGPT. Credit: Shane Burke
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Microsoft and OpenAI Working on ChatGPT-Powered Bing in Challenge to Google

By Aaron Holmes · Jan. 3, 2023 4:39 PM PST · 7 comments
Microsoft could soon get a return on its $1 billion investment in OpenAI, creator of the ChatGPT chatbot, which gives humanlike text answers to questions. Microsoft is preparing to launch a version of its Bing search engine that uses the artificial intelligence behind ChatGPT to answer some search queries rather than just showing a list of... Microsoft could soon get a return on its $1 billion investment in OpenAI, creator of the ChatGPT...
Jasper founders Dave Rogenmoser, Chris Hull and J.P. Morgan. Art by Clark Miller; photo courtesy Jasper.
The Big Read
startups ai

The Best Little Unicorn in Texas: Jasper Was Winning the AI Race—Then ChatGPT Blew Up the Whole Game

By Arielle Pardes · Dec. 23, 2022 9:15 AM PST · 26 comments
A few weeks ago, Sam Altman, CEO of artificial intelligence startup OpenAI, logged onto a Zoom call. On the other side of the screen was Dave Rogenmoser, CEO of Jasper, a copywriting startup built on OpenAI’s flagship large-language model, GPT-3. The two companies share a Slack channel, where they trade updates and feedback about GPT-3,... A few weeks ago, Sam Altman, CEO of artificial intelligence startup OpenAI, logged onto a Zoom...
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Silicon Valley's Latest Invention: The Supplement Stack
The Weekend
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Silicon Valley's Latest Invention: The Supplement Stack

By Jon Steinberg · Feb. 4, 2023 7:00 AM PST
Greetings, and welcome to your Weekend!Today’s newsletter really ought to come with a surgeon general’s warning: “Consuming dozens of unregulated health supplements may not actually be awesome for your health.”  It’s hard not to shake your head at the sheer number of nascent and untested substances that some of our tech-industry peers are... Greetings, and welcome to your Weekend!Today’s newsletter really ought to come with a surgeon...
A selection of AI-generated selfies (good ones on the left, duds on the right) of the author Zara Stone.
Market Research
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Know Thy Selfie: A Journey Into the Uncanny Valley of AI-Generated Avatars

By Zara Stone · Feb. 3, 2023 12:00 PM PST · 1 comment
At 7 a.m. on August 22, 2022, Yaron Inger woke up to find his business irrevocably changed. The co-founder and chief technology officer of Lightricks, which develops Facetune and other popular media-editing apps, scrolled through his newsfeed, his eyes flicking from one image to another. While Inger slept, Stable Diffusion, an open-source... At 7 a.m. on August 22, 2022, Yaron Inger woke up to find his business irrevocably changed. The...
Photo via Getty
Dealmaker
venture capital

A New Bubble Is Forming for AI Startups, But Don’t Expect a Crypto-like Pop

By Kate Clark · Feb. 2, 2023 1:44 PM PST · 1 comment
Venture capitalists have dumped crypto and moved on to a new fascination: artificial intelligence. As a sign of this frenzy, they're paying steep prices for startups that are little more than ideas. Thrive Capital recently wrote an $8 million check for an AI startup co-founded by a pair of entrepreneurs who had just left another AI... Venture capitalists have dumped crypto and moved on to a new fascination: artificial...
Photos via Adept Labs, Edmund Hillary Fellowship, Gantry ML, KIT Gründerschmiede, Sci Founders, Shutterstock, Stanford University, University of Central Florida, UC Irvine, UC Berkeley and YouTube.
OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon Valley
By Jon Victor and Aaron Holmes · Feb. 1, 2023 6:00 AM PST
Photos via Adept Labs, Edmund Hillary Fellowship, Gantry ML, KIT Gründerschmiede, Sci Founders, Shutterstock, Stanford University, University of Central Florida, UC Irvine, UC Berkeley and YouTube.
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OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon Valley

By Jon Victor and Aaron Holmes · Feb. 1, 2023 6:00 AM PST
OpenAI has just 375 full-time employees, but its buzzy chatbot, ChatGPT, is shaking up Silicon Valley. The company’s influence extends even further, through former employees who are now in top positions at other artificial intelligence firms or have founded startups of their own. Even as layoffs roil the tech sector, AI talent is in high... OpenAI has just 375 full-time employees, but its buzzy chatbot, ChatGPT, is shaking up Silicon...
Photos by Bloomberg
The Briefing
enterprise ai

Stripe’s Trajectory Has Echoes of Uber; BuzzFeed’s AI-Fueled Rally

By Martin Peers · Jan. 30, 2023 5:00 PM PST
Once upon a time, there was a private tech company that bankers thought could be worth as much as $120 billion when it went public. Its potential initial public offering was described in news reports like this one in 2018 as the “most hotly anticipated on Wall Street and Silicon Valley.” Today, it’s worth only about $60 billion. Can you guess... Once upon a time, there was a private tech company that bankers thought could be worth as much as...
Photo of Sam Altman by Bloomberg. Art by Mike Sullivan.
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OpenAI Dangles Perks and Early Access to Win Investments in AI Startups

By Kate Clark · Jan. 30, 2023 11:17 AM PST
OpenAI has proven itself to be a prolific fundraiser, collecting billions of dollars from Microsoft and others to perfect its artificial intelligence software. Lately, it’s also been flexing its muscles as an investor in other AI startups, a strategy that could tie a generation of young companies to its machine-learning models and... OpenAI has proven itself to be a prolific fundraiser, collecting billions of dollars from...