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Funding

30 stories from 12 sources across 1 topics.

Stories

30

Sources

12

Topics

1

The Verge AI / 11:00 AM

Mathematicians want proof OpenAI didn’t use their work

Another researcher is challenging OpenAI about the data driving its increasingly impressive array of mathematical discoveries. Just days after a bitter row erupted over whether the company's models benefited from unpublished work, a second mathematician has come forward accusing the AI giant of unethical and "dishonest" behavior and a lack of transparency about the origins […]

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The Decoder / 10:27 AM

OpenAI's millennium proof dispute raises the question of whether researchers can trust AI labs

The fight over an AI-generated proof of a millennium problem is heating up. Mathematician Tristan Buckmaster accuses OpenAI of academic fraud, CEO Sam Altman rejects the allegations. Terence Tao warns that cases like this could "reverse centuries of tradition in open science." The article OpenAI's millennium proof dispute raises the question of whether researchers can trust AI labs appeared first on The Decoder .

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The Information AI / 11:26 PM

Fund Focused on Bootstrapped Founders Raises $950 Million

There’s certainly a frenzy among venture capitalists to back the hottest startups before they’ve made a dime of revenue, but one fund is sticking to a proven strategy of investing in startups that have generated at least millions in revenue—often without raising any institutional money. Focusing on these boot-strapped founders has again resonated with Volition Capital’s limited partners. The Boston-based growth equity firm, which cut its teeth investing in consumer startups like Chewy and enterprise software companies, raised $950 million for its sixth fund, co-founder Larry Cheng told The Information exclusively. The fundraise, Volition’s largest, brings the 16-year-old firm’s assets under management to $2.6 billion.

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The Information AI / 10:29 PM

Personal AI App Instinct Faces Compute Crunch That Could Lead to New Funding

The year-old startup behind Instinct, a personal AI assistant that’s caught fire with Silicon Valley insiders, is seeking more computing power, leveraging its early buzz as it faces new competition from giant Meta Platforms. Over the last few weeks, Instinct, which launched to a select group of users earlier this year, has sometimes notified users that it is running at full capacity and “responses may be slower” as people use it for tasks such as negotiating bills and answering emails. More cash could help: the company is looking to raise $1 billion in new funding after recently raising $250 million, its founder and CEO Noah Shinn has recently told prospective investors, according to a person familiar with the statement.

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The Information AI / 3:19 PM

Bending Spoons Buys Miro For $1.355 Billion

Italian digital conglomerate Bending Spoons is buying whiteboarding software firm Miro at a valuation of $1.355 billion, the latest in a series of purchases the Italian firm has done at knock-down prices. The price for Miro is a huge discount to its peak valuation of $17.5 billion, dating ...

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Latest story in this edition: 1:23 AM

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