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OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a round that values the company at $300 billion post-money. SoftBank led the financing, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive, all…
This month, ChatGPT unveiled a new image generator as part of its 4o model that is a lot better at generating text inside images. People are already using it to generate fake restaurant receipts, potentially adding another tool to the already-extensive toolkit of AI deepfakes used by fraudsters. Prolific social media poster and VC Deedy…
OpenAI says that it intends to release its first “open” language model since GPT‑2 “in the coming months.” That’s according to a feedback form the company published on its website Monday. The form, which OpenAI is inviting “developers, researchers, and [members of] the broader community” to fill out, includes questions like “What would you like…
AI startup Runway on Monday released what it claims is one of the highest-fidelity AI-powered video generators yet. Called Gen-4, the tool is rolling out to the company’s individual and enterprise customers. Runway claims that it can generate consistent characters, locations, and objects across scenes, maintain “coherent world environments,” and regenerate elements from different perspectives…
AI models are being cranked out at a dizzying pace, by everyone from Big Tech companies like Google to startups like OpenAI and Anthropic. Keeping track of the latest ones can be overwhelming. Adding to the confusion is that AI models are often promoted based on industry benchmarks. But these technical metrics often reveal little…
Apple is developing a new version of its Health app that includes an AI coach that can advise users on how to get healthier, according to Bloomberg’s Mark Gurman. Gurman first reported that something like this was in the works back in 2023, but now he says development is moving ahead, with the new features…
Perplexity CEO Aravind Srinivas recently took to Reddit to address users’ product complaints and reassure them that the company is not under serious financial pressure. Srinivas seemed to be responding, in part, to a user theory that the company is “doing horribly financially” and “making lots of changes to cut costs.” As an example, the…
When it comes to Hollywood’s AI future, few have been more vocal — or critical — than Justine Bateman. Armed with a computer science degree from UCLA, the veteran actor-filmmaker has sounded an alarm about the dangers of replacing human work with machine fabrication. She became a lead voice, particularly during the strikes, when she advised SAG-AFTRA on…
CoreWeave began trading on Friday with more of a shrug than a war cry. The company priced at $40 on Thursday, below the $47- $50 price range announced. It also trimmed the number of shares offered. All told, CoreWeave raised $1.5 billion and nabbed a $14 billion market cap on Day 1, instead of a…
Elon Musk’s AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal, he announced in a post on X Friday. “xAI has acquired X in an all-stock transaction,” Musk said. “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk…