OpenAI secures record $6.6 billion in venture capital funding, led by Thrive Capital with backing from Microsoft, Nvidia, and SoftBank. The investment aims to enhance AI research, increase compute capacity, and develop problem-solving tools, boosting OpenAI's market value to $157 billion.
Startup
Hurricane Helene devastates Atomic Furnishing & Design in Asheville, NC. Owners Megan and Todd Walsh face $230,000 loss but vow to rebuild. Community rallies around beloved vintage furniture store as owners seek new location and plan online sales.
Former OceanGate CEO Stockton Rush allegedly claimed he would "buy a congressman" to resolve Titan submersible regulatory issues, according to ex-employee testimony. This revelation adds to concerns about Rush's approach to safety and compliance in the ill-fated vessel's development.
Teenage intern Yi Ke Cao's experience at Modular Asset Management, a Singapore hedge fund, at age 16 shaped her career path. The two-week internship confirmed her interest in finance and motivated her to pursue a business degree.
Electric vehicle startup Canoo faces legal challenges from suppliers amid leadership changes and financial strain. The company confronts lawsuits over unpaid debts for electric motors and drive assemblies, while its last remaining co-founder departs, raising concerns about its future.
Google's $2.7 billion deal brings AI expert Noam Shazeer back, highlighting the fierce competition for top AI talent. The move, framed as a licensing agreement with Character.AI, underscores the high stakes in the ongoing AI arms race.
High-profile attorney Alex Spiro defends NYC Mayor Eric Adams against corruption charges. Known for representing celebrities like Elon Musk and Alec Baldwin, Spiro promises a swift dismissal motion in this significant legal battle involving alleged bribery and illegal campaign contributions.
Y Combinator's Summer 2024 Demo Day showcased innovative startups focusing on AI, including unjammable drones, freight carpooling, and advanced weather prediction. Standouts like Entangl, Exa Laboratories, and Kopra Bio presented groundbreaking technologies in engineering, AI chips, and cancer treatment.
MrBeast's viral workplace guide captivates Silicon Valley, offering insights into hiring and productivity practices. The document, emphasizing high-performance and task completion, has sparked discussions among tech professionals about leadership in the digital content era.
OpenAI faces leadership shakeup as CTO Mira Murati departs, following recent exits of other key figures. Despite challenges, the company maintains dominance in AI development, with new funding and potential restructuring on the horizon.
Madewell's exclusive Insiders event offers at least 25% off all items, with an additional 40% off sale items until September 29. This biannual sale provides significant savings on popular fashion items, including jeans, bags, and accessories. Join Madewell Insiders for free to access these deals.
Vista Equity Partners and Blackstone to acquire Smartsheet for $8.4 billion, valuing the work management platform at $56.50 per share. The deal includes a 45-day "go-shop" period and is expected to close in Smartsheet's fiscal fourth quarter.
