Physical Intelligence Secures 400MillionInvestment,Reaching2.4 Billion Valuation with Bezos and OpenAI Support

November 07, 2024 – Physical Intelligence, a robotic startup in the United States, has announced the raising of 400millioninfunding,propellingitspost−moneyvaluationtoawhopping2.4 billion. According to a spokesperson from Physical Intelligence, the round was led by a prestigious group of investors including Amazon founder Jeff Bezos, OpenAI, Thrive Capital, Lux Capital, and Bond Capital. Additionally, Khosla Ventures and Sequoia…

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OpenAI’s Revenue Surge: 75% from Consumer Subscriptions with ChatGPT Hitting 250 Million Weekly Active Users

October 30, 2024 – According to a report by Bloomberg, OpenAI generates approximately 75% of its revenue from consumer subscriptions, as disclosed by the company’s Chief Financial Officer, Sarah Friar. The consumer strategy of OpenAI revolves around its ChatGPT product, which offers a monthly subscription starting at $20. The report indicates that OpenAI has successfully…

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OpenAI Introduces sCM: A Revolutionary 50x Faster AI Text-to-Image Solution

October 28, 2024 – This week, OpenAI unveiled a novel AI text-to-image solution named sCM (Continuous-Time Consistency Model), marking a significant breakthrough in the field of artificial intelligence. Unlike traditional diffusion models, which often require tens to hundreds of gradual denoising steps to produce high-quality samples, sCM boasts a remarkable increase in efficiency, claiming to…

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Ex-OpenAI CTO Murati Launches Startup, Aims to Raise Over $100M

October 20, 2024 – According to sources familiar with the matter, as reported by Reuters on October 19th (Beijing time), Mira Murati, the former Chief Technology Officer (CTO) of OpenAI, is currently raising funds from venture capitalists for her new artificial intelligence (AI) startup. Murati’s new venture aims to develop AI products based on proprietary…

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