Maria Deutscher
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OpenAI LP today made GPT-4, its newest and most capable language model, generally available through a cloud-based application programming interface. The heavily funded artificial intelligence startup also detailed several other product updates. Alongside GPT-4, OpenAI is making three other AI models’ APIs generally available. …
Retail robotics startup Telexistence raises $170M
Telexistence Inc., a startup developing artificial intelligence-powered robots for the retail sector, today announced that it has raised $170 million in funding. One of the investors in the Series B round was SoftBank Group Corp. Last month, SoftBank signaled that it plans to …
DigitalOcean acquires AI-focused GPU cloud operator Paperspace for $111M
DigitalOcean Holdings Inc. has inked a $111 million deal to acquire Paperspace Co., a Brooklyn-based startup that provides cloud infrastructure for artificial intelligence developers. The transaction was announced this morning. Founded in 2011, DigitalOcean provides a public cloud platform of the same …
OpenAI forms research team to tackle dangers of AI ‘superintelligence’
OpenAI LP is forming a new research team to tackle the potential dangers that could be posed by future “superintelligent” machine learning models. OpenAI Chief Scientist Ilya Sutskever and Jan Leike, the startup’s head of alignment, announced the move in a blog …
CADDi reels in $89M to make custom industrial equipment parts easier to procure
CADDi Inc., a startup that provides specialized procurement software for industrial equipment makers, has raised $89 million in new funding. TechCrunch reported the Series C round today. The raise included the participation of nearly a dozen investors, including the venture capital arm …
Productivity software startup ClickUp lets go 10% of its workforce
Mango Technologies Inc., a well-funded productivity software startup that does business as ClickUp, has let go 10% of its workforce or about 90 employees. The move was reported earlier today by TechCrunch. ClickUp confirmed the workforce reduction, saying it will be carried …
EU’s top court rules against Meta in key data privacy case
The European Union’s top court has issued a ruling that could lead to major changes in the way Meta Platforms Inc. operates its ad business. The Luxembourg-based Court of Justice of the European Union, or CJEU, released a summary of the ruling …
Report: US to restrict sale of AI cloud services to Chinese companies
The U.S. Commerce Department is reportedly readying new rules that would restrict American cloud providers from selling certain services to customers in China. The Wall Street Journal reported the development today, citing people familiar with the matter. The new sales curbs are …
Sweden orders three companies to stop using Google Analytics over privacy concerns
Sweden’s privacy regulator has ordered three local companies to stop using Google LLC’s ubiquitous Google Analytics service. The decision, which was made public today, follows several similar regulatory developments in other European Union member states. They all relate to a landmark verdict …
Apple reportedly scales back Vision Pro production because of design complexity
Apple Inc. will produce significantly fewer Vision Pro mixed reality headsets than originally planned, according to a new Financial Times report. The paper today cited sources as saying that the original plan was to make 1 million headsets in 2024. Apple is …