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OpenAI has announced that it needs “more capital than we’d imagined” as it prepares to transition into a for-profit company. Led by Sam Altman, the AI pioneer revealed plans to restructure its existing for-profit arm into a Delaware public benefit corporation (PBC). This new structure
BeastLife, a fitness brand offering products like whey protein, creatine monohydrate, and energy-boosting mass gainers, is set to be introduced by YouTuber Gaurav Taneja in the upcoming fourth season of Shark Tank India. Taneja, popularly known as “Flying Beast,” will pitch his startup on the
Automated accounting software provider Aiwyn Inc. has raised $113 million in a funding round led by KKR’s Next Generation Technology III Fund and Bessemer Venture Partners. This latest investment brings the North Carolina-based startup’s total funding to $127 million and cements its position as a
A world-first venture capital fund has been established by Australian farmers to support new software startups that aim to address the most pressing issues facing agriculture. The $60 million fund, which will be delivered by research and development organization Hort Innovation in collaboration with investment
Three sources claim that less than a year after obtaining $25 million for its seed round, MatX, a business that designs processors that support huge language models, has raised a Series A of about $80 million. An individual familiar examined the transaction told TechCrunch that
Investors have been pouring money into nuclear fusion, the futuristic technology that seems to be making slow progress toward commercial viability, while the globe scrambles to build more power plants to satisfy AI’s insatiable appetite for electricity. The most recent example is Tokamak Energy, a
With $7.5 million in seed funding, the German business Juna.ai GmbH, which uses artificial intelligence to increase factory efficiency, started today. The investment was spearheaded by Kleiner Perkins. Prominent venture capitalist John Doerr, the Stockholm-based fund Norrsken VC, and other sponsors joined it. Matthias Auf
The first rechargeable lithium-ion battery was introduced to the market by Sony in 1991. In terms of energy storage, the novel chemical changed everything. These days, demand is soaring for everything from smartphones to EVs. However, lithium is uncommon, the majority of it is sourced
On Wednesday, Beijing-based Shengshu Technology said that Vidu, an AI-powered text-to-video tool, will soon be able to create videos by fusing images. Vidu already enables individuals all over the world to make 8-second videos by following written instructions. In February, OpenAI, the company behind ChatGPT,
Marketnode, a blockchain infrastructure firm based in Singapore, has received funding from Euroclear, a major European clearinghouse, to expand its services throughout the Asia-Pacific region. With the goal of growing its services throughout the Asia-Pacific area, Marketnode, a blockchain infrastructure firm with headquarters in Singapore,