JPMorgan Chase says it’s been billed a total of $142 million in legal fees for the defense of Charlie Javice and Olivier Amar, respectively the founder and chief marketing officer at financial aid startup Frank. JPMorgan acquired Frank for $175 million in 2021, but earlier thai year, Javice and Amar were found guilty earlier of … Read more
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership … Read more
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024. Source link
After a year of frenzied dealmaking and rumors of an upcoming IPO, the financial scrutiny into OpenAI is intensifying. Leaked documents obtained by tech blogger Ed Zitron provide more of a glimpse into OpenAI’s financials — specifically its revenue and compute costs over the past couple of years. Zitron reported this week that in 2024, … Read more
Andy Konwinski is concerned that the US is losing its dominance in AI research to China, calling the shift an “existential” threat to democracy. Konwinski is a Databricks co-founder and the co-founder of the AI research and venture capital firm Laude. “If you talk to PhD students at Berkeley and Stanford in AI right now, … Read more
Boeing has signed a deal with startup Charm Industrial to remove 100,000 metric tons of carbon from the atmosphere. Charm collects agricultural and forestry waste and uses heat to turn it into a product it calls “bio-oil,” a messy jumble of hydrocarbons that it injects underground, including into former oil wells. Once sequestered, Charm can … Read more
OpenAI on Thursday introduced a group chat feature for ChatGPT. The feature, currently being tested in select regions including Japan, New Zealand, South Korea, and Taiwan, lets users collaborate directly within the app. The group chat is available to Free, Plus, and Team users on both mobile and web platforms. OpenAI says the pilot is … Read more
If there’s one thing that VCs agree on when backing AI startups, it’s that AI requires a different investment approach than prior technological shifts. “It’s a funky time,” said Aileen Lee, founder and managing partner of Cowboy Ventures, onstage at TechCrunch Disrupt 2025. The longtime VC noted that the rules of investing have significantly shifted … Read more
Jeff Bezos’ Blue Origin has landed the booster of its New Glenn mega-rocket on a drone ship in the Atlantic Ocean on just its second attempt — making it the second company to perform such a feat, following Elon Musk’s SpaceX. It’s an accomplishment that will help the new rocket system become an option to … Read more
Google is updating NotebookLM, its AI note-taking and research assistant, with a new tool to help users simplify complex research, along with support for additional file types. The service is rolling out “Deep Research,” a tool that will automate and simplify complex online research. Google says the tool acts like a dedicated researcher, as it … Read more
