Tag: AI startups

OpenAI CEO Sam Altman warns Silicon Valley investors that there is too much hype surrounding the short-term value of AI technology. Although the long-term potential is underhyped, Altman states that much work needs to be done before they can start the model. Despite this, the company recently raised $495 million in funding and is valued at $27-29 billion.

OpenAI CEO Sam Altman confirms GPT-5 won't receive training yet due to extensive required work. Expected release in 2024 with improved functionality. Altman emphasizes the importance of lawmakers' involvement in AI regulation.

Discover how Sam Altman, CEO of OpenAI, explored India's innovation ecosystem during his week-long tour. He met with Indian startups to discuss the potential for Artificial General Intelligence (AGI) to solve global challenges. Altman emphasized OpenAI's mission to build and deploy AI responsibly, with a focus on improving education, curing diseases, increasing productivity, and managing risks. His visit highlighted the need for ethical considerations in technological advancements.

Italy launches €150M fund to support AI startups and establish a task force of experts, while chipmaker Nvidia hits $1T valuation with its ChatGPT technology.

Winter 2023 Y Combinator cohort was special due to its size (282 out of 20,000 applications accepted). Founders experienced the benefits of being in the city with in-person program (happy hours, dinners, meetups) and an increased focus on AI startups, including Vellum, Truewind, & Zenfetch. Founders shared the importance of moving quickly & gaining feedback to succeed in their industries, culminating in a valuable experience & network of over 6,000 Y Combinator alumni.