Australian AI lab caps $10 million pre-seed raise to run in global AI race
Metacognition AI raised $10 million from Main Sequence in a round ten times the size of Australia’s pre-seed average.
OpenAI
OpenAI inks deal with $14 billion Australian data centre player Firmus
OpenAI will be a foundational customer of two AI Factory data centres Australian company Firmus is developing. Key Takeaways Key Background Founded by Oliver Curtis and Tim Rosenfield, Firmus has rocketed almost out of nowhere to become Australia’s third largest data centre company by valuation. It has raised US$2.5 billion ($3.5 billion) so far this […]
Meet the ex-OpenAI guys building a cheaper open source alternative
Just 15 months after it founding, Applied Compute is raising $350 million at a $3.25 billion valuation, nearly double its worth from four months ago.
How Josh Kushner’s fortune tripled this year
The Kushner scion’s VC firm Thrive Capital nearly tripled its assets thanks to smart bets on OpenAI and SpaceX. Now he’s looking to spend some cash on the NBA’s Lakers.
OpenAI taps new lobbying firm as Albanese’s AI plan takes shape
OpenAI has hired Hanbury Strategies and Communications for government relations services. Hanbury has long operated in the UK but setup shop in Australia this year after recruiting both Liberal and Labor insiders.
Nvidia and OpenAI in talks over $500 billion data centre, with funding from Japan
The development would become the world’s largest data center by power capacity.
Chinese AI startup Moonshot unveils Kimi K3 Model—Will it challenge OpenAI and Anthropic?
The Chinese startup called its AI model the “new frontier of intelligence.”
OpenAI’s first consumer device will be a smart speaker
The AI companion will mark OpenAI’s first physical device.
AI model wars: Anthropic extends Fable access again after OpenAI’s Sol release
Anthropic extended access for Claude Fable 5 for subscribers for the second time in a week, an apparent response to the launch of OpenAI’s latest ChatGPT model—which the rival firm claims sets a “new standard”—following Fable’s turbulent debut overshadowed by its clash with the U.S. government.
Apple claims OpenAI stole trade secrets in new lawsuit
Apple filed a lawsuit against OpenAI and two former employees for theft of trade secrets, alleging the AI company took Apple technology to further their own hardware development. Key Facts Key Background OpenAI has spent the last year expanding into consumer hardware, acquiring former Apple designer Jony Ive’s io Products for about $6.5 billion and […]