ChatGPT maker OpenAI’s next funding round, said to be around $6.5 billion, could close as soon as the end of next week.
That’s according to a new report in The Wall Street Journal, which also reveals that OpenAI’s rumored conversion from a nonprofit org into a for-profit company is now a virtual certainty. Investors in the new round will be able to pull back their money if OpenAI doesn’t complete the transition within two years, per the WSJ.
The WSJ piece paints a picture of a startup that, while having recently hit $4 billion in revenue, is still losing billions — and is beset by internal clashes, a burnout-prone work culture, and technical delays. Researchers at the company reportedly had just nine days to safety-test GPT-4o, OpenAI’s recent flagship model, as OpenAI raced to debut the model to take attention away from Google’s annual I/O developer conference back in May.
Three Iranian hackers working for the Islamic Revolutionary Guard Corps (IRGC) targeted the Trump campaign in an attempted hack-and-leak operation, according to the Department of Justice.
Wordy is a new iOS app that offers a unique way to learning English. The app automatically translates and defines unknown words while you watch your favorite movies or TV…
The WSJ reports that OpenAI’s next funding round, worth around $6.5 billion, could close as soon as the first week in October.
We’re thrilled to welcome Bret Taylor to TechCrunch Disrupt 2024. As the former co-CEO of Salesforce, founder of Quip, former CTO of Facebook, the co-creator of Google Maps, and current…
The U.K.s’ antitrust authority has concluded that Amazon’s partnership and equity investment in AI startup Anthropic can’t be investigated under current merger rules due to the size and scope of…
We’re in the final hours to save up to $600 on TechCrunch Disrupt 2024 tickets! Grab your tickets now and seize this final opportunity for major savings before the countdown…
Reset your clocks: Meta has been hit with yet another privacy penalty in Europe. On Friday, Ireland’s Data Protection Commission (DPC) announced a reprimand and a €91 million fine —…
The world’s second-largest money transfer provider, which filed a data breach notice with U.K. authorities, serves over 50 million people.
Note-taking apps typically aim to make you more efficient and productive. A lot of those apps concentrate on quickly jotting down your thoughts, organizing them better, or a mix of…
Here are the startups from YC Demo Day 2 that we thought stood out from the flock.
UAE-based Redwood has acquired a majority stake in the game streaming platform Loco as the Indian firm looks to expand focus to international markets, TechCrunch has learned and confirmed. Redwood,…
SpaceX’s Starlink satellite internet network is expected to hit a new customer milestone this week, company President Gwynne Shotwell told Texas legislators on Tuesday. “This week, by the way, we…
AI video generators need to believe that filmmakers will use their models in the production process. Otherwise why exist? To jump-start the new AI film ecosystem, Runway has set aside…
Departures might be dominating the week’s OpenAI-related headlines. But comments on AI bias from Anna Makanju, the company’s VP of global affairs, also grabbed our attention. Makanju, speaking on a…
Lending startup Figure will be launching an AI tool powered by GPT-4 to help catch errors in lending documents.
Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has laid off 9% of its workforce, amounting to 40 people. Founded in 2020, Drata integrates…
As OpenAI boasts about its o1 model’s increased thoughtfulness, small, self-funded startup Nomi AI is building the same kind of technology. Unlike the broad generalist ChatGPT, which slows down to…
The company recently closed a $130 million round, according to an SEC filing, bringing the total to $327 million.
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! I’ve been…
That lack of user interaction — or request for consent — is what confused and concerned some former Kaspersky customers.
The world of WordPress, one of the most popular technologies for creating and hosting websites, is going through a very heated controversy. The core issue is the fight between WordPress…
Despite hydrogen’s challenges, BMW thinks the only way to actually achieve a shift to zero-emissions transportation is through a mix of BEVs and hydrogen vehicles.
Google’s NotebookLM has been updated with YouTube and audio files as new source types and sharable links for Audio Overviews.
EVA, the platform that connects event bookers with local performers, has secured $2 million in funding as the popularity of in-person events comes back in full force. The round, which…
The idea here is to bring a subscription-based app in-house to serve as a testing ground for RevenueCat’s new features.
We’re thrilled to announce that the agenda for our dedicated AI Stage presented by Google Cloud to TechCrunch Disrupt 2024 is complete and ready to go! It joins fintech, SaaS,…
Meta Connect 2024 is a developer-centric event featuring a keynote from CEO Mark Zuckerberg. He showcased new hardware and software to support two of Meta’s big ambitions: AI and the…
The health insurance giant is investigating an incident that allegedly leaked sensitive customer medical data.
We’re in the final stretch of Ticket Reboot Week with just 48 hours remaining! You can still save up to $600 on individual ticket types to TechCrunch Disrupt 2024. Don’t…
Source: Techcrunch
