Sam Altman is back as CEO, Mira Murati as CTO and Greg Brockman as President. OpenAI has a new initial board. Messages from @sama and board chair @btaylor
INVESTMENT
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Interest Rates Shape AI Investment Strategies and Valuations
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Negotiable and for obvious reasons changes a lot with the interest rate environment (and other strategic factors).
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Weekly AI Company Funding Newsletter Subscription
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If you're interested in learning about all of the AI companies that raised capital each week, subscribe to my newsletter at https://
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Three AI Startups Raise Funding for Protein Design and Compliance
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• Cradle raised $24M to expand Generative AI for protein design and engineering
• Vendelux raised $14M for its AI-powered event platform
* Aptus raised €3M to transform compliance activities into business opportunities -
Four AI Startups Secure Funding for Industry Transformation
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* SeeChange Technologies raised £8M to transform global retail
• Birdseye raised $3M for its AI-powered marketing personalization platform
• LegalFly raised €2M to transform legal documents into insights
• Phare Health raised £2.5M to transform healthcare back office -
Pika Labs raises $35M for AI video platform
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@pika_labs raised $35M for their AI video platform. Round led by @mignano and @lightspeedvp.https://t.co/LW4mYODSz8
— Nathan Lands (@NathanLands) 29 novembre 2023@pika_labs raised $35M for their AI video platform. Round led by @mignano and @lightspeedvp
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Negotiating Business Terms: One-off vs Ongoing Arrangements
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Anything imaginable is negotiable by someone, but you're likely going to find that one-off is easier than on-going at below the levels of wealth where it makes sense to have a whole team involved attempting to keep/grow your business.
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Get Paid Thousands for Asking This Question
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You can get paid several thousand dollars for asking this question.
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Banking Strategy for Startup Equity Liquidation Events
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A random thing that will probably help someone out eventually: Should you ever have the occasion to e.g. sell a company or have your startup equity become liquid, call your bank (or chat up a new bank) *in advance*, and ask "If I were to bring in new money, what's your offer?"