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VOICE ARCHIVE

Kenrick Cai

@kenrickcai
38 posts
2025-07-10
Scoop: OpenAI is planning to launch a Google Chrome competitor within weeks. The browser includes a chat interface that would help keep users from having to click through to external links, sources tell @Reuters. from @readkrystalhu @annatonger and me: https://www.reuters.com/...
2025-07-10 View on X
Reuters

Sources: OpenAI plans to release an AI web browser that keeps some user interactions in a ChatGPT-like native interface instead of clicking through to websites

OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet's (GOOGL.O) market-dominating Google Chrome …

2024-09-19
Google offered to sell its ad marketplace AdX, which is under scrutiny in an EU probe, but the deal was rejected. It's the first time Google has offered to sell an asset in an antitrust case. Big scoop from my colleagues @FooYunChee and @jodygodoy: https://www.reuters.com/...
2024-09-19 View on X
Reuters

Sources: Google tried to end an EU antitrust probe by offering to sell its ad marketplace AdX, or Ad Exchange, but European publishers rejected the proposal

Alphabet's (GOOGL.O) Google took a major step this year to end an EU antitrust investigation with an offer to sell …

2024-09-15
NEW: OpenAI's targeted $150B valuation hinges on pulling off a corporate restructure — namely removing the profit cap for investors. If unsuccessful, it'd need to renegotiate the price, sources say. More on the terms at play, with @readkrystalhu: https://www.reuters.com/...
2024-09-15 View on X
Reuters

Sources: OpenAI's $150B valuation in a $6.5B funding round hinges on whether the company can upend its corporate structure and remove a profit cap for investors

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter …

2024-09-14
NEW: OpenAI's targeted $150B valuation hinges on pulling off a corporate restructure — namely removing the profit cap for investors. If unsuccessful, it'd need to renegotiate the price, sources say. More on the terms at play, with @readkrystalhu: https://www.reuters.com/...
2024-09-14 View on X
Reuters

Sources: OpenAI's $150B valuation in a $6.5B funding round hinges on whether the company can upend its corporate structure and remove a profit cap for investors

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter …

2024-05-31
Scoop: OpenAI disbanded its robotics team in 2020, citing lack of training data. Now, with an AI robotics boom taking shape, it's reviving the team — though with a different mission than last time — per a job listing and sources. With @SarahNEmerson: https://www.forbes.com/...
2024-05-31 View on X
Forbes

OpenAI is hiring research engineers to rebuild its robotics team; sources: the company plans to develop tech that robot makers will integrate into their systems

After disbanding its efforts to build a general purpose robot in 2020, the AI juggernaut is embarking on a new attempt …

2024-05-24
Scoop: Helsing, the European defense tech startup, is raising about $400 million. General Catalyst is leading the ~$4 billion valuation deal, sources say. It comes just eight months after GC led the last round. From @DavidJeans2, @_IainMartin and me: https://www.forbes.com/...
2024-05-24 View on X
Forbes

Sources: Helsing, which provides AI tools to militaries, is raising a $400M+ Series C led by General Catalyst at a ~$4B valuation, after raising $200M+ in 2023

2024-05-22
It's not just generative AI that's benefitting from the VC frenzy. Coactive AI has a new $200M valuation for its software to categorize visual data. It's backed by Emerson Collective and Cherryrock Capital, a new fund backing Black and Latino founders: https://www.forbes.com/...
2024-05-22 View on X
Forbes

Coactive, which provides AI tools to categorize visual data, raised a $30M Series B co-led by Emerson Collective and Cherryrock Capital at a $200M valuation

2024-03-24
For context on Stability AI, read our investigation last year into founder Emad Mostaque, which revealed a track record of exaggeration and overstatement. Got a tip? I'm on Signal at 415-570-9972 and email at kcai@forbes.com. https://www.forbes.com/...
2024-03-24 View on X
Forbes

Stability AI says Emad Mostaque resigned as CEO and from the board “to pursue decentralized AI”; COO Shan Shan Wong and CTO Christian Laforte named interim CEOs

Mostaque resigns as CEO r/ArtistHate : StabilityAI CEO Emad Mostaque quitting as the company burns 8 mil a month - totally not a bubble.  So long scumbag.

Update: Stability AI has confirmed our reporting on CEO Emad Mostaque's resignation. The abrupt move comes without a permanent replacement set up. COO Shan Shan Wong and CTO Christian Laforte take over in the interim, while the board commences a search. https://www.forbes.com/... [image]
2024-03-24 View on X
Forbes

Stability AI says Emad Mostaque resigned as CEO and from the board “to pursue decentralized AI”; COO Shan Shan Wong and CTO Christian Laforte named interim CEOs

Mostaque resigns as CEO r/ArtistHate : StabilityAI CEO Emad Mostaque quitting as the company burns 8 mil a month - totally not a bubble.  So long scumbag.

Scoop: Stability AI's Emad Mostaque is planning to step down as CEO, according to three people who he told directly. It comes after the research team behind AI image generator Stable Diffusion resigned last week. From @_IainMartin and me: https://www.forbes.com/...
2024-03-24 View on X
Forbes

Stability AI says Emad Mostaque resigned as CEO and from the board “to pursue decentralized AI”; COO Shan Shan Wong and CTO Christian Laforte named interim CEOs

Mostaque resigns as CEO r/ArtistHate : StabilityAI CEO Emad Mostaque quitting as the company burns 8 mil a month - totally not a bubble.  So long scumbag.

2024-03-23
For context on Stability AI, read our investigation last year into founder Emad Mostaque, which revealed a track record of exaggeration and overstatement. Got a tip? I'm on Signal at 415-570-9972 and email at kcai@forbes.com. https://www.forbes.com/...
2024-03-23 View on X
Forbes

Stability AI says Emad Mostaque resigned as CEO and from the board “to pursue decentralized AI”; COO Shan Shan Wong and CTO Christian Laforte named interim CEOs

Mostaque has told a number of people close to him that he plans to step down as chief executive …

Update: Stability AI has confirmed our reporting on CEO Emad Mostaque's resignation. The abrupt move comes without a permanent replacement set up. COO Shan Shan Wong and CTO Christian Laforte take over in the interim, while the board commences a search. https://www.forbes.com/... [image]
2024-03-23 View on X
Forbes

Stability AI says Emad Mostaque resigned as CEO and from the board “to pursue decentralized AI”; COO Shan Shan Wong and CTO Christian Laforte named interim CEOs

Mostaque has told a number of people close to him that he plans to step down as chief executive …

Scoop: Stability AI's Emad Mostaque is planning to step down as CEO, according to three people who he told directly. It comes after the research team behind AI image generator Stable Diffusion resigned last week. From @_IainMartin and me: https://www.forbes.com/...
2024-03-23 View on X
Forbes

Stability AI says Emad Mostaque resigned as CEO and from the board “to pursue decentralized AI”; COO Shan Shan Wong and CTO Christian Laforte named interim CEOs

Mostaque has told a number of people close to him that he plans to step down as chief executive …

2023-11-23
“The original [OpenAI post] referred only to ‘Sam’ coming back, before it was edited to include his last name. After an eventful few days that captivated the tech community, it may not have been necessary.” Great line from @alexrkonrad to cap this saga: https://www.forbes.com/...
2023-11-23 View on X
The Information

Source: a breakthrough spearheaded by OpenAI chief scientist Ilya Sutskever enabled a model that could solve basic math problems, stoking excitement and concern

One day before he was fired by OpenAI's board last week, Sam Altman alluded to a recent technical advance the company …

“The original [OpenAI post] referred only to ‘Sam’ coming back, before it was edited to include his last name. After an eventful few days that captivated the tech community, it may not have been necessary.” Great line from @alexrkonrad to cap this saga: https://www.forbes.com/...
2023-11-23 View on X
Axios

OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as chair, alongside Larry Summers and Adam D'Angelo

4 key takeaways Jason Dorrier / Singularity Hub : OpenAI Mayhem: What We Know Now, Don't Know Yet, and What Could Be Next New York Times : Explaining OpenAI's Board Shake-Up CNBC :...

2023-11-22
“The original [OpenAI post] referred only to ‘Sam’ coming back, before it was edited to include his last name. After an eventful few days that captivated the tech community, it may not have been necessary.” Great line from @alexrkonrad to cap this saga: https://www.forbes.com/...
2023-11-22 View on X
Axios

OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as Chair alongside Larry Summers and Adam D'Angelo

OpenAI said late Tuesday that it had reached a deal in principle for Sam Altman to return as CEO, with a new board chaired by former Salesforce co-CEO Bret Taylor.

2023-09-08
Exclusive from @alexrkonrad and I on a new $1B valuation for an AI research lab with an unusual backstory and an even more unusual lead backer. Imbue (fka Generally Intelligent) says its AI agents, which might one day solve complex tasks on their own, are years away from launch.
2023-09-08 View on X
Forbes

Imbue, formerly Generally Intelligent, which claims to have access to 10K Nvidia H100 GPUs to train its AI “agents”, raised a $200M Series B at a $1B valuation

2023-08-26
Scoop: Researchers from Meta AI's recently axed protein-folding team have started a new company to keep building a LLM for biology. EvolutionaryScale raised $40M+ from Lux Capital, per sources. From @_IainMartin and I, with details from a pitch doc: https://www.forbes.com/...
2023-08-26 View on X
Forbes

Sources: EvolutionaryScale, founded by members of Meta's recently axed protein-folding team to build LLMs for biology, raised a $40M+ seed at a $200M valuation

Forbes : X: @_iainmartin and @kenrickcai X: Iain Martin / @_iainmartin : Meta shuttered it's AI project focused on protein-folding in April. Now that team have raised $40m to buil...

2023-06-05
NEW: A year ago, Stability AI was an obscure startup. Now, it's emerged from generative AI hype valued at $1 billion. But 30+ people interviewed say its rise was helped by a bunch of misleading claims from founder Emad Mostaque. By @_IainMartin and me: https://www.forbes.com/...
2023-06-05 View on X
Forbes

Interviews, pitch decks, and internal documents suggest that Stability AI CEO Emad Mostaque's recent success was bolstered by exaggeration and dubious claims

Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and — per interviews with more than 30 people …

@_IainMartin Mostaque's gambit further involved: - an unpaid bill in the millions to AWS - a threat by UK's tax agency to seize assets - repeated missed wages to workers But any further debt concerns were washed away when Stability raised $100M+ in Silicon Valley. https://www.forbes.com/... [image]
2023-06-05 View on X
Forbes

Interviews, pitch decks, and internal documents suggest that Stability AI CEO Emad Mostaque's recent success was bolstered by exaggeration and dubious claims

Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and — per interviews with more than 30 people …