OpenAI Startup Fund raises additional $5M

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The OpenAI Startup Fund, an entity dedicated to investing in early-stage AI companies, has recently undergone a transition in its legal control, shifting from Sam Altman to Ian Hathaway. This transition comes alongside the closing of an additional $5 million in funding, as reported in a filing with the U.S. Securities and Exchange Commission.

Investors are growing increasingly weary of AI

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Following quite a while of income sans work, the simulated intelligence industry is confronting retribution. Another report from Stanford’s Establishment for Human-Focused Man-made Brainpower (HAI), which concentrates on artificial intelligence patterns, found that worldwide interest in computer-based intelligence succumbed for the second year straight in 2023.

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