OpenAI closed a $122B funding round led by SoftBank, a16z, and others at an $852B post-money valuation, after previously announcing the round would total $110B — OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion.
PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding — PrismML says its 1-bit large language model achieves radical compression without sacrificing performance, lowering energy consumption
Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June — Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world's largest market …
Quinnipiac poll: 55% of Americans say AI will do more harm than good in their day-to-day lives, and 65% oppose building data centers in their community — Americans are increasingly turning against artificial intelligence, with growing majorities saying they fear the fast-moving technology …
Some developers say the App Store review process is taking significantly longer, up to multiple weeks, with an influx of vibe-coded apps as the likely cause — - Apple's App Store is seeing an influx of new apps each month. — Developers say the flood of apps is increasing wait times.
Midjourney CEO David Holz says the company's revenue “significantly surpassed” $200M in 2023, and has “gone up” since then, despite its declining web traffic — Over much of the past year, David Holz, the 37-year-old founder of Midjourney, has devoted himself to a single task …
Pro-AI group Innovation Council Action, praised by David Sacks, plans to spend $100M+ in the US midterms to drive deregulation and support Trump's AI agenda — A new pro-AI political operation is jumping into this year's midterms with a plan to spend more than $100 million …