OpenAI raises B at 0B post-money valuation

OpenAI raises $40B at $300B post-money valuation

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…

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Runway releases an impressive new video-generating AI model

Runway releases an impressive new video-generating AI model

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…

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