Openai has announced an important pivot, and according to a statement on May 5, it is walking past plans to evolve its previous plans into a traditional for-profit organization.Instead, the organization will maintain its nonprofit roots, shifting its for-profit organizations to public benefits corporations (PBCs), and strengthening its commitment to public interest (AGIs) in the development of artificial general information.According to the statement, the PBC model allows OpenAI to generate revenue, but the non-profit parent holds control and holds substantial stock positions in the new structure.The company noted that this approach is now common among advanced AI labs that have…
Author: ₿e Proud
The bankrupt FTX missed nearly $5 billion in potential profit after liquidating the early stock of Anysphere behind the rapidly rising AI code editor cursor.The now-deprecated crypto exchange invested $200,000 in Anysphere during the 2022 seed round through trading arm Alameda Research.However, bankruptcy managers sold their shares for the same amount in 2023 long before the company’s value surged.FTX’s ANYSPHERE (Cursor AI) investment sales. (Source: Gautham Elango)On April 5th, Anysphere completed its funding round, pushing its valuation to $9 billion. The round brought in $900 million and included major investors such as Thrive Capital, Andreessen Horowitz and Accel.In January this…
Stripe has launched a new AI Foundation model for payments, expanding support for Stablecoins and embedded funding.The company made an announcement at its annual session meeting, introducing more than 60 product updates. The enhanced Stablecoin integration comes at $1.1 billion more than six months after the company acquired Bridge for $1.1 billion.AI foundation modelStripe has introduced the world’s first foundation model for payments, trained with hundreds of billions of trading data points. This model dramatically improved fraud detection, increasing the accuracy of card test attack detection from 59% to 97% among major users.Stripe has released an orchestration. It is a…
Openai has launched a new initiative to help the country build artificial intelligence systems rooted in democratic values, according to a statement on May 7th.The Openai for country’s initiative is part of the company’s broader Stargate project, and aims to cooperate with the government in creating an AI framework that supports transparency, accountability and the public interest.According to the company, the program aims to serve as an alternative to the authoritarian approach that AI uses to concentrate control. Instead, Openai wants to help the government in creating a system that allows people to determine how they work for AI.The AI…
Zerebro founder Jeffy Yue was discovered alive in his mother and father’ house in San Francisco, confirming rising suspicions that his dying had been staged. The live-streamed “suicide” was a tribute viral cascade, the launch of a memorable memo coin and even a digital dying, which was confronted by a San Francisco Commonplace reporter on Could seventh exterior the household’s house. The report mentioned Yu was visibly shocked when he noticed the reporter, and that he could be pressured to maneuver inside every week. Following Sunday’s dwell stream at Pump.Enjoyable, the frilly hoax was rapidly unleashed. Shortly afterwards, a passionate…