Explaining Firmus and its $44 billion IPO collapse
The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.
AI
Nvidia chief Jensen Huang’s net worth falls below $200 billion mark as tech stocks drop
Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.
Square Peg raises over $1 billion for new funds amid AI bonanza
The Australian VC finalised two funds, one for early-stage investments and another for bigger bets, totalling over $1 billion.
Figure’s Brett Adcock sold investors a humanoid future. Now he has to build it.
Figure’s robots are still in pilots. Its valuation hit $39B. Brett Adcock’s partners keep correcting his claims
This former OpenAI exec is trying to cure chronic diseases, including her own
Sufferers of complex, chronic diseases like POTS and long COVID often spend years searching for relief. The longtime tech exec started ChronicleBio to find treatments using AI and lots of biological data.
Anthropic will let Australia stress test dangerous new models
The AI giant told a parliamentary enquiry that it is finalising an arrangement for Australian safety researchers to evaluate its latest and greatest (and most threatening) models.
OpenAI’s Sam Altman says world should accept ‘some bad things’ from AI
Altman said unlike rival Anthropic, his company believes in a “lighter-touch regulatory stance” on AI and that it will be used for more “good stuff than bad stuff.”
Elon Musk becomes a trillionaire again after SpaceX stock soars
Musk first hit trillionaire status briefly in June.
ChatGPT’s traffic roars back after year of stagnation
ChatGPT’s web traffic is at its highest level since last year, even as security fears plague OpenAI and rival companies alike.
Inside the mega-deals behind Europe’s AI billionaire boom
A spate of AI fundraising deals has made way for a new wave of young European billionaires. Meet the sweet 16 whose fortunes got big boosts of late.