Tag: Venture capital

. Synthesia is the latest AI startup to benefit from increased investments in the sector, with talks of a potential funding round from Accel that could value the company at up to $1 billion. With its platform, users can now create professional videos with realistic virtual presenters perfected in 15 minutes. Its technology has been used for major campaigns, including David Beckham's 'Malaria Must Die' that had nine languages. Such advancements have raised awareness of ethical and safety applications, leading to exclusive use of the platform.

OpenAI, an AI research lab, recently released new privacy settings on its chatbot, ChatGPT, to give users more control. You can now disable your history so only consenting conversations are used to train the AI models. Export your data with an email to get a full conversation history. OpenAI also has plans for a Business subscription for those needing even more control. With Altman at the helm, OpenAI is making changes to help create positive AI for a brighter future.

OpenAI, the AI technology company, filed for a trademark on their ChatGPT bot, which stands for 'Generative Pre-trained Transformer'. Unfortunately, their request was denied, but they remain hopeful. With development in AI technology, ChatGPT has seen 14% productivity increase, and its CEO, Sam Altman, has announced that ChatGPT-5 isn’t ready yet. Founded in 2015 and based in San Francisco, OpenAI strives to advance the field of artificial general intelligence.

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Autotech Ventures, a mobility-focused VC firm, is bolstering its resources with a third fund of $230M, investing in new areas such as fintech, logistics and the circular economy. The fund is backed by both financiers and American companies like Allison Transmission, Shell, etc. Managing Director Alexei Andreev is focused on SaaS-enabled fintech, ecofriendly solutions and AI investments. Five of the investments have already gone public.