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OpenAI’s nonprofit arm reported only $45,000 revenue in 2022, despite the company’s $86 billion valuation

OpenAI’s nonprofit arm revealed in its recent filing with the IRS that it generated $44,485 in revenue in 2022, mostly from investment income. However, the disclosure did not include the revenue from the for-profit division responsible for commercializing ChatGPT, a
The post OpenAI’s nonprofit arm reported only $45,000 revenue in 2022, despite the company’s $86 billion valuation first appeared on TechStartups.

OpenAI’s nonprofit arm revealed in its recent filing with the IRS that it generated $44,485 in revenue in 2022, mostly from investment income. However, the disclosure did not include the revenue from the for-profit division responsible for commercializing ChatGPT, a […]

The post OpenAI’s nonprofit arm reported only $45,000 revenue in 2022, despite the company’s $86 billion valuation first appeared on TechStartups.

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European fintech startup Pleo appoints new CFO, fueling IPO speculation

Danish fintech startup Pleo has just announced the appointment of Soren Westh Lonning as its new chief financial officer, the $4.7 billion European fintech firm told CNBC in an exclusive interview on Wednesday. The move is seen as a strategic
The post European fintech startup Pleo appoints new CFO, fueling IPO speculation first appeared on TechStartups.

Danish fintech startup Pleo has just announced the appointment of Soren Westh Lonning as its new chief financial officer, the $4.7 billion European fintech firm told CNBC in an exclusive interview on Wednesday. The move is seen as a strategic […]

The post European fintech startup Pleo appoints new CFO, fueling IPO speculation first appeared on TechStartups.

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AllSpice.io raises $6 million in additional funding for its hardware collaboration platform

In the past, developing hardware products used to be a lengthy process involving years of research and development. However, in today’s fast-paced tech landscape, companies can’t afford to spend that much time, as by the time they launch, the technology
The post AllSpice.io raises $6 million in additional funding for its hardware collaboration platform first appeared on TechStartups.

In the past, developing hardware products used to be a lengthy process involving years of research and development. However, in today’s fast-paced tech landscape, companies can’t afford to spend that much time, as by the time they launch, the technology […]

The post AllSpice.io raises $6 million in additional funding for its hardware collaboration platform first appeared on TechStartups.

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Tesla to roll out software updates for over 2 million vehicles in the U.S. to resolve Autopilot ‘defect’

Tesla is pushing software updates to nearly every Tesla car sold in the United States to address a defect in the company’s Autopilot system, making it the largest-ever in Tesla history Tesla is rolling out software updates for almost every
The post Tesla to roll out software updates for over 2 million vehicles in the U.S. to resolve Autopilot ‘defect’ first appeared on TechStartups.

Tesla is pushing software updates to nearly every Tesla car sold in the United States to address a defect in the company’s Autopilot system, making it the largest-ever in Tesla history Tesla is rolling out software updates for almost every […]

The post Tesla to roll out software updates for over 2 million vehicles in the U.S. to resolve Autopilot ‘defect’ first appeared on TechStartups.

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Meta sued for using copyrighted books for AI training

Did Meta break the law? Authors are claiming that the company used their books without permission. According to a recent filing in a copyright infringement lawsuit, Meta Platforms, the parent company of Facebook and Instagram, allegedly ignored legal warnings about
The post Meta sued for using copyrighted books for AI training first appeared on TechStartups.

Did Meta break the law? Authors are claiming that the company used their books without permission. According to a recent filing in a copyright infringement lawsuit, Meta Platforms, the parent company of Facebook and Instagram, allegedly ignored legal warnings about […]

The post Meta sued for using copyrighted books for AI training first appeared on TechStartups.

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China achieves 5nm chip breakthrough, defying US sanctions

China has achieved a major chip breakthrough after two years of setbacks. Reports from multiple sources found that Semiconductor Manufacturing International Corporation (SMIC) is now capable of producing 5nm semiconductors. According to the report, Semiconductor Manufacturing International Corporation (SMIC) has
The post China achieves 5nm chip breakthrough, defying US sanctions first appeared on TechStartups.

China has achieved a major chip breakthrough after two years of setbacks. Reports from multiple sources found that Semiconductor Manufacturing International Corporation (SMIC) is now capable of producing 5nm semiconductors. According to the report, Semiconductor Manufacturing International Corporation (SMIC) has […]

The post China achieves 5nm chip breakthrough, defying US sanctions first appeared on TechStartups.

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Fintech startup Apex Fintech confidentially files for US IPO

Apex Fintech Solutions, a powerhouse in clearing services, announced on Tuesday that it has confidentially filed for a U.S. initial public offering (IPO) with the Securities and Exchange Commission (SEC), signaling a renewed push to go public. Apex did not disclose
The post Fintech startup Apex Fintech confidentially files for US IPO first appeared on TechStartups.

Apex Fintech Solutions, a powerhouse in clearing services, announced on Tuesday that it has confidentially filed for a U.S. initial public offering (IPO) with the Securities and Exchange Commission (SEC), signaling a renewed push to go public. Apex did not disclose […]

The post Fintech startup Apex Fintech confidentially files for US IPO first appeared on TechStartups.

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TikTok surpasses $10 billion in consumer spending, first non-game app to do so

TikTok just hit a major milestone by becoming the first non-game mobile app to rake in over $10 billion in consumer spending across both the Apple App Store and Google Play, according to a recent report by the app analytics
The post TikTok surpasses $10 billion in consumer spending, first non-game app to do so first appeared on TechStartups.

TikTok just hit a major milestone by becoming the first non-game mobile app to rake in over $10 billion in consumer spending across both the Apple App Store and Google Play, according to a recent report by the app analytics […]

The post TikTok surpasses $10 billion in consumer spending, first non-game app to do so first appeared on TechStartups.

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Rumble Hacked: Rumble Suffers Major Cyber Attack Following the Release of Sensitive January 6 Security Footage

Rumble, the video hosting platform championing free speech, faced an “unprecedented” cyber attack shortly after it posted new security camera footage from January 6 on its platform. The widely-used platform confirmed a substantial disruption in its services due to a
The post Rumble Hacked: Rumble Suffers Major Cyber Attack Following the Release of Sensitive January 6 Security Footage first appeared on TechStartups.

Rumble, the video hosting platform championing free speech, faced an “unprecedented” cyber attack shortly after it posted new security camera footage from January 6 on its platform. The widely-used platform confirmed a substantial disruption in its services due to a […]

The post Rumble Hacked: Rumble Suffers Major Cyber Attack Following the Release of Sensitive January 6 Security Footage first appeared on TechStartups.

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OpenView Weighs Next Steps After Deep Layoffs: Return Investors’ Capital or Rebuild with New Funds?

Last week, OpenView Ventures made headlines after the venture capital firm abruptly shut down its operations. The firm also laid off a significant portion of its staff and put a halt to investments in new startups. Now, the company finds
The post OpenView Weighs Next Steps After Deep Layoffs: Return Investors’ Capital or Rebuild with New Funds? first appeared on TechStartups.

Last week, OpenView Ventures made headlines after the venture capital firm abruptly shut down its operations. The firm also laid off a significant portion of its staff and put a halt to investments in new startups. Now, the company finds […]

The post OpenView Weighs Next Steps After Deep Layoffs: Return Investors’ Capital or Rebuild with New Funds? first appeared on TechStartups.

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