Tag: Sequoia Capital
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OpenAI Raises $495 Million in Increased Employee Share Sale
Discover the world of artificial intelligence and OpenAI as a high-profile research lab and startup, which recently sold more shares than previously thought as per SEC filings. With backers like Andreessen Horowitz, Khosla Ventures, and more, this offering valued the company between $27-$29b. OpenAI has revolutionised AI and ML with groundbreaking achievements and with its ever-growing partner list, is assuredly redefining our world.
Cyera Labs Launches SafeType for Enhanced Data Privacy and Secure ChatGPT Usage
Cyera is an AI-based data security company offering secure solutions to businesses and customers. Latest innovation - SafeType browser extension - allows business to use generative AI capabilities securely. Download now from Google Chrome and Microsoft Edge stores. Apache 2.0 license. Invested by Sequoia Capital, TLV Partners and Google Play.
Essential Information About OpenAI’s $300M Stock Offering
. OpenAI, a leading non-profit and renegade AI startup has reportedly confirmed a $300 million share sale, valuing it between $27 and $29 billion. Investors include Tiger Global Management, Andreessen Horowitz, and Sequoia Capital, plus Thrive Capital and K2 Global. OpenAI has revolutionized the tech sector with its AI breakthroughs such as its chatbot GPT-3 and robotics engineering, leading the industry to revenues of over $18 billion in 2021.
Meta Requests Assistance from OpenAI to Develop AI Coding Helper for Its Engineers
OpenAI, the leading research organization in artificial intelligence, is collaborating with Microsoft and Meta (formerly Facebook) to develop an AI programming assistant. CTO Andrew Bosworth revealed to Meta employees that the cost for each request will be as low as seven cents. The team is also working on a project that will give Meta's engineers access to all the internal documents and codes. Andrew Bosworth anticipates that the project should be completed by mid-June.
OpenAI’s Billion Dollar Valuation as ChatGPT Resumes Service in Italy
. OpenAI, a San Francisco-based AI startup, has seen its value soar to over $27 billion after successful fundraisings. Their popular AI chatbot, ChatGPT, has also resumed operations in Italy after a pause of one month imposed by authorities. Learn how the company complied with Italian data collection requests, plus exciting news of a business subscription & more!