OpenAI’s efforts to develop its next big model, GPT-5, are behind schedule, with results not yet justifying the huge costs, according to a new report in The Wall Street Journal. This resonates a previous report at The Information suggests that OpenAI is looking for new strategies, as GPT-5 might not represent a breakthrough like previous […]
OpenAI’s GPT-5 Reportedly Fails to Meet Expectations– BC Read More »
A US court ruled in August that Google has a search monopoly, and while Google appeals, the Justice Department is figuring out what kind of potential penalties to impose, such as breaking Chrome. As part of this process, the Justice Department wants to call a specific witness, according to a recent court filing: Dmitry Shevelenko,
Some venture capitalists are viewing the Trump administration’s massive proposed tax increase on university endowments with alarm, warns Ann Miura-Ko, co-founder of Floodgate Partners. “Right now there’s a proposal to take the endowment tax from 1.4 percent to 35 percent and most people would say, well, endowments are super rich, why do we care? Well,
Trump’s proposed university endowment tax could hurt funding, VC warns– BC Read More »
Revel is adding to its electric vehicle charging empire in New York City. The startup that started as an electric moped sharing service before launching an all-electric transportation platform and building New York’s first electric vehicle charging center announced Wednesday that it has broken ground on installing 24 electric vehicle fast chargers at John F.
Revel to install 24 fast chargers for electric vehicles at JFK airport– BC Read More »
As more celebrities and popular influencers join Bluesky, the fast-growing social media service has faced more concerns around impersonation and identity verification. The Bluesky Security Team aware On Friday the company updated its phishing policy to be “more aggressive,” adding that “phishing and illegally manipulated accounts will be removed.” The company said it should be
Bluesky promises more verification and an “aggressive” approach to phishing– BC Read More »
Businessman Marc Lore has already sold two companies for billions of dollars together. Now he plans to run his food delivery and takeaway business. Wonder public in a couple of years with an ambitious valuation of $40 billion. We recently spoke with Lore in person in New York about Wonder and its ultimate goal of
Entrepreneur Marc Lore on ‘founder mode’, bad hires and why risk avoidance is deadly– BC Read More »
Former NFL quarterback and civil rights activist Colin Kaepernick took the stage at britcommerce Disrupt 2024 on Wednesday to talk about the challenges faced by people who want to disrupt something, both inside and outside the world of technology. “One of the biggest challenges you’re probably going to face when you try to disrupt something,
American venture capital giant General catalyst has announced new funding of $8 billion as it looks to increase its investments in early-stage multi-sector startups globally, with a specific focus on the US, Europe and India. The capital constitutes around $4.5 billion for its “core venture capital funds,” which encompass seed and growth capital financing, while
General Catalyst Raises $8 Billion in Fresh Funding to Back Startups Globally– BC Read More »
Humane on Wednesday announced a $200 price cut for its flagship product, the AI Pin. The Bay Area startup, founded by two former Apple executives, has reportedly had trouble selling the product, which launched in April for $700. In a message sent to its email list, Humane highlights its return policy in the new pitch.
Embattled startup Humane cuts AI Pin price by $200– BC Read More »
AI search engine Perplexity is in fundraising talks and hopes to raise around $500 million at a valuation of $8 billion. according to the Wall Street Journal. If a deal is reached on those terms, Perplexity’s valuation would be more than double its $3 billion valuation when raised from SoftBank during the summer. The WSJ
Perplexity Reportedly Looking to Raise Funds at $8 Billion Valuation– BC Read More »
