Turbulent times at OpenAI: Following a board decision, former Twitch leader Emmett Shear takes over as CEO. Sam Altman, parting ways with the company, establishes a new AI venture.
Turbulent times at OpenAI: Following a board decision, former Twitch leader Emmett Shear takes over as CEO. Sam Altman, parting ways with the company, establishes a new AI venture.
OpenAI announced on their blog post on Friday afternoon that their Board of Directors has decided to remove Sam Altman from his role as the company's chief executive.
Munich-based Proxima Fusion, dedicated to creating emission-free fusion power plants, has successfully raised a total of €7.5 million, following an extension to its initial pre-seed funding round.
Macquarie Asset Management (MAM), a global financial services firm, has announced an investment of up to €175M in Amsterdam's SkyNRG. This investment, made through the Macquarie GIG Energy Transition Solutions (MGETS) Fund, is intended to boost the development of Sustainable Aviation Fuels (SAF).
In the fast-paced world of startups, focusing on product development and market capture is paramount. However, an often overlooked aspect, yet equally crucial, is building a strong startup company culture.
Le Fourgon, a French startup leading the resurgence of returnable glass bottles and containers, has announced the successful acquisition of €10M in a Series A funding round.
Underline Ventures, headquartered in Bucharest and known as the first single general partner venture fund in Eastern Europe, has reported the closure of its inaugural fund at $20 million, which is approximately €18.4 million.
Baton, a music industry startup, has successfully raised $4.2 million in funding, as announced by the company. This new capital infusion will be directed towards enhancing Baton's product, expanding its team, and introducing new features.
The AI image generator Stable Diffusion has rapidly gained a dedicated following, and enthusiasts looking to experiment and develop their own AI models now have a hub for collaboration and sharing. Civitai, aptly named to reflect the concept of 'community' (Civitas), is a startup that has established a platform where
