OpenAI closed a long-awaited $6.6 billion funding round at a $157 billion valuation, reports @haydenfield
. The round was led by Thrive Capital, with Microsoft, Nvidia and SoftBank also investing.
@ryan_browne_
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OpenAI closes $6.6B funding round at $157B valuation
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Meta Expands Fraud Data-Sharing Framework for UK Banks
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This is what bank and fintech execs in the fraud / fincrime space have been calling for, for years… Meta today says it has expanded its data-sharing framework for scams to help banks in the UK fight online fraud.
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Freetrade Acquires Stake’s UK Customer Book in Fintech Consolidation
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Exclusive: London-based investing platform Freetrade acquires the UK customer book of Australian rival Stake. It's expected to start on boarding Stake's UK customer assets in November. More consolidation in the wealth tech space.
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Proofpoint Eyes Cybersecurity M&A Targets Before IPO
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As it prepares for an eventual IPO, Proofpoint is also shopping for M&A targets in the cybersecurity industry. Dhawan told me that he is looking for company’s that represent a good “strategic fit” for the business.
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Proofpoint IPO timing hinges on U.S. election outcome
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The timing of Proofpoint’s IPO will ultimately depend on what happens with the U.S. election, Dhawan told me. Before it does go public, the company is also looking to raise funding from outside investors to grow its shareholder base.
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Proofpoint plans IPO return to public markets in 12-18 months
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SCOOP: Cybersecurity company Proofpoint is planning a return to the public markets. Proofpoint is looking to IPO in 12 to 18 months’ time, CEO Sumit Dhawan told me in an interview ahead of the company’s Proofpoint Protect conference in London.
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Finnish MixedReality Startup Distance Technologies Raises €10M Seed
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Exclusive: Distance Technologies, a Finnish tech startup that wants to bring mixed reality to cars and planes, just raised €10m in seed funding from GV, Alphabet's venture arm, and others.
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Murati’s AI job displacement comments spark creative industry backlash
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In July, Murati raised eyebrows after she said AI will kill off some jobs that "shouldn’t have been there in the first place." This led to backlash from media and creative professionals, who have expressed worries about the potential for AI to displace jobs.
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Murat’s Six Years at OpenAI: From Interim CEO to Leadership
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Murati has been with OpenAI for six years. She became a well-known name at the company last year when she became interim CEO for a brief time after its co-founder Sam Altman was ousted from the company (only to return shortly after).
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OpenAI Executive Mira Murati Departs Company
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Mira Murati, the OpenAI exec who advanced the startup's progress on LLMs and shaped its path towards becoming the company near-synonymous with AI, is leaving the company.