I am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Tinder Posts Ad For ‘VP Of Ghosting’: Here Are Some Of The Best April Fools’ Pranks By Companies In 2024OpenAI CEO Sam Altman has reportedly relinquished control of the company’s Startup Fund, ending an unusual and controversial period where he personally owned and controlled the ChatGPT maker’s venture capital fund that is backed by tech giant Microsoft and invested in a slate of AI-powered startups it hopes will transform the world.
Last year the fund reported $175 million in commitments and it has backed at least 13 companies across 17 deals, according to PitchBook data.at $553 million last year and AI-powered medical scribe Ambience Healthcare, which PitchBook estimated had a value of $300 million as of February. Other investments include language learning app Speak, teaching aid Class Companion, sales software Unify, robotics firm 1X and a self-driving software venture, Ghost Autonomy.
The fund has also invested in silicon chip manufacturer Atomic Semi, note taking app Mem and a suite of coding tools EdgeDB, Anysphere and qqbot, which is a chatbot built on OpenAI’s ChatGPT.the change in ownership of OpenAI’s Startup Fund on Monday, a significant restructuring for the peculiarly organized investment fund. Its structure meant OpenAI CEO Altman, rather than the company or its affiliates, effectively owned and controlled the company’s venture capital fund.
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