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Since its founding in 2021, OpenAI Startup Fund has raised $175 million for its main fund and secured an additional $114 million through five separate special purpose vehicles, which are investment pools for specific opportunities. Unlike many sizable tech companies, OpenAI says it doesn’t use the company’s money to invest in startups. The ChatGPT maker…
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With just a few words, AI models can be prompted to create a story, an image, or even a short film. But according to Weber Wong, these models are all “made by non-creatives for other non-creatives to feel creative.” In other words, they’re not built for actual creative professionals. That’s something Wong is hoping to…
Apple is struggling to rebuild Siri for the age of generative AI, according to Bloomberg’s Mark Gurman, who says the company might not release “a true modernized, conversational version of Siri” until iOS 20 comes out in 2027. That doesn’t mean there won’t be big Siri updates before then. A new version Siri will reportedly…
Artificial intelligence is a deep and convoluted world. The scientists who work in this field often rely on jargon and lingo to explain what they’re working on. As a result, we frequently have to use those technical terms in our coverage of the artificial intelligence industry. That’s why we thought it would be helpful to…
Chinese AI startup DeepSeek recently declared that its AI models could be very profitable — with some asterisks. In a post on X, DeepSeek boasted that its online services have a “cost profit margin” of 545%. However, that margin is calculated based on “theoretical income.” It discussed these numbers in more detail at the end…
Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low. However, the recent…
SymbyAI, a SaaS platform that uses AI to streamline scientific research, announced a $2.1 million seed round with participation from Drive Capital and CharacterVC, among others. Launched just last year by Ashia Livaudais and Michael House, the platform provides organized workspaces for researchers to access papers, code, data, and experiences within one place. It helps…
Google co-founder Sergey Brin sent a memo to employees this week urging them to return to the office “at least every weekday” in order to help the company win the AGI race, The New York Times reports. Brin told employees that working 60 hours a week is a “sweet spot” for productivity. While Brin’s memo…
OpenAI is finally making its video generation model, Sora, available to users in the European Union, the U.K., Switzerland, Norway, Liechtenstein and Iceland. The company said on Friday that ChatGPT Plus and Pro subscribers in these regions will be able to create videos using the model. The AI startup first unveiled Sora in February 2024,…