Current and former staff say OpenAI has rushed product announcements and safety testing, lost its lead over rivals, and Altman is detached from the day-to-day
now it's just another tech company Ananya Gairola / Benzinga : OpenAI Execs Feared ChatGPT-Parent Would Collapse After Departure Of Ilya Sutskever, Tried To Woo Him Back And Almost...
Source: at an all-hands meeting, Sam Altman said there are no plans for him to get a “giant equity stake” in OpenAI, calling that information “just not true”
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a …
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024
IBM will pay $35 a share for the cloud-software company in cash, giving it access to HashiCorp's roster of some 4,400 clients
Mahbod Moghadam, the controversial co-founder of Genius and Everipedia, passed away in March at age 41, according to a post on Genius attributed to his family
Mahbod Moghadam, the controversial, never-boring co-founder of Genius and Everipedia, as well as an angel investor …
Sources: Reddit's IPO is currently between four and five times oversubscribed, making the company more likely to at least attain its $6.5B valuation target
Echo Wang / Reuters :
Filings: in December 2023, Reddit canceled CEO Steve Huffman's pay incentives tied to hitting a $25B valuation, signaling reduced hopes for a blockbuster IPO
Social media company cancels Steve Huffman's performance awards based on hitting $25bn market value
Self-driving startup Applied Intuition raised a $250M Series E led by Lux, Elad Gil, and Porsche at a $6B valuation and works with “18 of the top 20 automakers”
Researchers show AI misalignment in a GPT-4-based stock trading bot that performed insider trading in a simulated environment without being instructed to do so
A Bitcoin user seems to have accidentally paid a record $3M fee for a $5M transaction and sent $2M; in September, Paxos paid $500K, now returned, to send $2,000
Flexport founder Ryan Petersen joins Founders Fund as a partner; Petersen, who stepped down as CEO in March 2023, will continue as Flexport's executive chairman
Alex Konrad / Forbes :
Meta's Threads had the perfect launch thanks to a TikTok-like feed where the follower graph doesn't matter, easy Instagram-Threads cross-posting tools, and more
Turner Novak / The Split :
Adam Mosseri says Threads will not “encourage” politics and “hard news” as such content brings scrutiny that isn't worth the “incremental engagement or revenue”
/ Adam Mosseri ran Facebook's News Feed in 2016, and now he tells Alex Heath that politics …
Tim Cook unveils Apple Vision Pro, a “spatial computing” headset controlled with the user's eyes, hands, and voice, coming to the US for $3,499+ in early 2024
Apple has announced an augmented reality headset called Apple Vision Pro that “seamlessly” blends the real and digital world.
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
Adobe plans to buy UI design and prototyping tool Figma for ~$20B, half cash and half stock; CEO Dylan Field will continue to lead Figma; ADBE closed down 16.8%
Today, we're announcing that Figma has entered into an agreement to be acquired by Adobe. TechCrunch : After the Figma-Adobe deal, which design startups are acquisition targets? Wa...
Adobe's Figma deal raises big questions about its M&A whack-a-mole strategy in response to free alternatives; the deal is 50x Figma's reported 2022 ARR of $400M
Bryce Elder / Financial Times : Tweets: @amaldorai , @workmj , @bitech , @ohmdee , and @hkanji Tweets: Amal Dorai / @amaldorai : I'm not surprised that Adobe is acquiring Figma fo...
Y Combinator names Garry Tan as its next president, replacing Geoff Ralston in January 2023; Tan will step away from his role at his firm Initialized Capital
YC gave me my start, and I'm deeply grateful to the community. https://www.forbes.com/... @initialized : News alert: Congratulations to @jenhwolf & @brettdg, our new managing partn...
Y Combinator names Garry Tan as its next president, replacing Geoff Ralston in January 2023; Tan will step away from his role at his firm Initialized Capital
Y Combinator has tapped an outsider as its next president — sort of. — The storied Bay Area-based accelerator …