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startups
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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...
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microsoft
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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...
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
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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...
Market Research
culture
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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...
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...
OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon Valley
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Jon Victor
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Aaron Holmes
· Feb. 1, 2023 6:00 AM PST
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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...
The Briefing
enterprise
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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...
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startups
venture capital
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...
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