Source: OpenAI bought TBPN, which was set to generate $30M in 2026, for “low hundreds of millions of dollars”; OpenAI says TBPN will be editorially independent
George Hammond /Financial Times:
OpenAI taps retail investors for the first time, raising $3B+ as part of a $122B round, through a trio of banks and ETFs managed by ARK Invest, ahead of an IPO
George Hammond /Financial Times:
OpenAI has tapped retail investors for the first time, raising $3B+ as part of its $122B round, through a trio of banks and ETFs managed by ARK Invest
George Hammond /Financial Times:
Anthropic's latest funding round includes part of the $15B commitment from Microsoft and Nvidia in 2025; sources say the remainder was several times subscribed
George Hammond /Financial Times:
Anthropic's latest funding round includes part of the $15B commitment from Microsoft and Nvidia in 2025; sources say the remainder was several times subscribed
George Hammond /Financial Times:
A look at some uncertainties surrounding Nvidia's proposed $100B investment in OpenAI, including concerns about the agreement's circular structure
Jensen Huang seeks to ensure US chipmaker stays at the heart of new tech — Tim Bradshaw in London, George Hammond in Abilene, Texas and Stephen Morris in San Francisco
An interview with computational linguist Emily Bender, who coined the term “stochastic parrot”, on her AI skepticism, co-writing the book The AI Con, and more
The computational linguist on her motivations for taking on Big Tech, the dangers of chatbots — and why AI is just a ‘glorified Magic 8 Ball’ Bluesky: @hypervisible , @tonytassell , and @nataliegreenp...
Sources paint a bleak picture for startup founders in China; IT Juzi report: only 1,202 startups were founded in the country in 2023 compared to 51,302 in 2018
Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation X: @carnage4life , @tonytassell , @michaelxpettis , @eleanorolcott , @hsu...
Sources: OpenAI is in discussions about changing its corporate structure to become more investor-friendly, including removing a cap on profits for investors
everyone involved knows it doesn't have to Assad Jafri / CryptoSlate : OpenAI mulls dropping profit restrictions ahead of $100 billion valuation push Maria Deutscher / SiliconANGLE : OpenAI could repo...
The FDIC says SVB clients with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15
Exit Fuel 🛢️ exists because of the support of people like you. Dalmas Ngetich / NewsBTC : Long Queues Seen At Silicon Valley Bank-Owned Boston Private - A Bank Run? Tweets: Dan Primack / @danprimack :...