After raising $6.6 billion in the latest funding round, OpenAI has asked its investors not to invest in competing startups such as Ilya Sutskever's SSI, Elon Musk's xAI, and Anthropic.
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OpenAI has finished its latest funding round where it has raised $6.6 billion, bringing its valuation to a whopping $157 billion.
Announced by Science Minister Lord Patrick Vallance, the £11.5 million funding from Innovate UK is part of a larger £8 billion investment in research and innovation.
You.com has raised an additional $50 million in Series B funding. This will ensure it can continue operating while it tries to become self-sustaining.
Microsoft is planning to participate in OpenAI's latest funding round, which aims to raise several billion dollars at a valuation exceeding $100 billion.
SoftBank is allegedly looking to invest between $10 million and $20 million in the startup Perplexity AI. Sources said that no deal has yet been finalised, so we may see differences or no deal at all.
The UK Space Agency has announced £7.4 million in funding for several global space projects. This funding will help the UK play a part in upcoming space exploration while keeping costs quite low.
The government of the UK has announced an AI Diagnostic Fund of £21 million to provide AI tools to aid medical procedures and diagnoses in patients across the National Health Services.
Alphabet's investment firm, CapitalG, has provided AI market intel firm, AlphaSense, with $100 million in funding. Part of the money will be used to integrate an LLM to leverage AlphaSense's data.
Virgin Orbit is laying off 85% of its workforce after it was unable to secure funding. This means 675 people will lose their jobs. The redundancies will likely be completed by April 3.
The U.S. government has denied the Army's request to purchase almost 7,000 HoloLens headsets for $400 million following some poor on-field test results including nausea and headaches for soldiers.
MSI has confirmed that there is indeed a funding-related issue due to the ongoing Russia-Ukraine conflict. As a result, the development of the extremely popular MSI Afterburner tool has been stalled.
The UK government has announced nearly £2 million worth for tech startups focused to make better transport systems such as AI based camera technology, 5G drones, magnetic rail traction, and more.
Elon Musk has said that SpaceX will continue funding Starlink's operations in Ukraine indefinitely. This comes after SpaceX wrote a letter to the Pentagon asking to pick up the tab for its operations.
Amazon has begun funnelling $150 million through venture capital funds to businesses run by under-represented people. It hopes the effort will help grow these businesses and provide new jobs.
In an effort to raise funds for the ongoing armed conflict, the Ukrainian government has indicated that it will 'offer' Non-Fungible Tokens (NFTs). The govt. has canceled plans to issue airdrops.
Microsoft subsidiary M12, a venture fund, has helped Palm NFT Studio raise $27 million in Series B funding. M12 said NFTs will help to unlock Web3 which will have several advantages over Web2.
American video game company Epic Games has announced that it has raised $1 billion during the latest round of funding. The funding was led by Sony Corporation that invested $200 Million in Epic Games.
HMD Global has announced that it has closed its latest round of funding after raising $230 million. With the capital, it plans to grow in new markets and become a "holistic mobile service provider".
The UK government has announced £30 million in funding to help innovative projects that utilise 5G technologies. A second round of funding for projects has been mentioned with details due in Q3 2020.
The UK government has announced £20 million in funding for technology that will help make the country more resilient against outbreaks of diseases such as COVID-19. Each project can get up to £50,000.
OneWeb has announced that it's filing for bankruptcy. The firm was responsible for launching several internet-providing satellites but the economic situation caused by COVID-19 caused it to fail.
Less than a month after the company's stock crossed the infamous value of $420, Tesla has now become the first publicly listed U.S. car manufacturer to reach $100 billion in extended trading.
Grammarly, the company which created the popular AI-powered writing assistance tool, has reached a new milestone. In the latest funding round, the company managed to raise $90M in investments.
Huawei's research and development arm, Futurewei, has sandboxed itself from Huawei in a bid to mitigate the damaging effects of the U.S. government's actions against the Chinese phone maker.
Reddit has announced a new funding round that granted the company $300 million, half of which come from China's Tencent. Reddit is now worth $3 billion, a major jump from $1.8 billion in 2017.
Light says the investment will allow the company to introduce its camera tech to other applications beyond smartphones such as security, robotics, automotive, aerial imaging, and more.
The team management startup said the new funding will be used for its efforts to develop more product integrations and expand its global footprint. Monday.com has offices in Tel Aviv and New York.
Moxie Marlinspike, the lead developer behind Signal, has announced the formation of the Signal Foundation, which has started off life with $50 million in funding to grow the project.
After the Brexit vote, many predicted that Venture Capital would dry up, with the UK leaving the single market. It seems like these predictions were wrong, with a rise in technology funding.
With less than 24 hours to go until WhartonBrooks' campaign for its Cerulean Moment Windows 10 Mobile handset ends, the company has only achieved 2% of its fixed $1.1 million funding goal.
Finnish company Eve has finally launched its 'Eve V' Windows 10 hybrid device on Indiegogo. The campaign has already beaten its $75,000 funding goal less than an hour after going live.
Japanese company NuAns has failed to achieve its Kickstarter goal of $725,000 for its NuAns Neo Windows 10 Mobile handset, managing to amass only $142,368 from 489 backers in 45 days.
Things looked bleak for Jolla last month, but the company has managed to secure new funding. However, it says it now plans to reduce costs by focusing its efforts on 'core development' of Sailfish OS.
Microsoft is said to have agreed 'to contribute a substantial amount' of the $1 billion raised in a recent funding round for Uber, which values the global ride-hailing service at over $50 billion.
Zap&Go, the first commercial graphene supercapacitor charger offering five minute charging and portability, will soon wrap up its successful Indiegogo campaign.
An exciting Kickstarter project is currently seeking $65,000 as its funding goal. What does it do? It will allow you to play original Game Boy Classic games directly on your TV in full HD.
In just a few hours Jolla managed to blast past its $380k goal to bring a tablet to the masses that will seriously undercut the big players in the same market, now they want to add more features.
Nokia has stopped making smartphones but it still wants to be an important player in the tech sector. It's now investing $100 million in start-ups related to smart-car technologies.
WordPress has added functionality today, allowing bloggers across the world to pay using the digital Bitcoin currency while side-stepping issues such as PayPal being unavailable or limited.
