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HomeTechnologyIs OpenAI Valued at $100 Billion? | TechCrunch

Is OpenAI Valued at $100 Billion? | TechCrunch

Reports suggest that OpenAI could enhance its valuation to $100 billion. Discussions appear to be ongoing with Nvidia and Apple to participate in the company’s next fundraising round, with Thrive Capital leading the deal if it materializes, as reported by The New York Times. While OpenAI’s annualized revenue surpassed $3.4 billion earlier this year, it is projected to incur a $5 billion loss by the end of the year due to its expansion of AI training and staffing initiatives.

X is flagging certain links to NPR’s website as “unsafe.” Users who try to access the latest story about a conflict between a Trump campaign staffer and an Arlington National Cemetery employee are met with a warning typically associated with malicious links. The reason behind NPR’s site triggering this warning remains unclear, raising questions about whether X is actively attempting to suppress the dissemination of the news story.

Lyft has launched a new pilot program to enable drivers to verify riders’ identities, aiming to enhance its security measures. Riders will now see a verification badge next to their profile, signifying that Lyft has confirmed they are using their legal name. This program is being rolled out in markets in Atlanta, Chicago, Denver, Detroit, Houston, Jacksonville, Miami, Phoenix, and Seattle.


This is TechCrunch’s Week in Review, where we summarize the week’s major news. Want this delivered as a newsletter to your inbox every Saturday? Sign up here.


News

Image Credits: Daniel Grizelj / Getty Images

Users have noticed that ChatGPT struggles with spelling, particularly when asked how many times the letter “r” appears in the word “strawberry.” ChatGPT incorrectly answers “twice” due to the LLMs powering AI chatbots not fully comprehending the information they are processing. Read more

Apple is reportedly downsizing with around 100 job cuts in its digital services group, impacting teams working on the Apple Books app and Apple News. Read more

Plaud’s AI-powered NotePin has been launched, focusing on note-taking functionality. Users can wear it as a necklace or a wristband to record meetings, dictate notes, and have recordings transcribed using OpenAI’s GPT-4o. Read more

Spotify accuses Apple of potential Digital Markets Act violations, following Apple’s discontinuation of technology allowing Spotify users to control device volume with iPhone physical buttons. Read more

Tesla has conducted a digital detox by deleting all blog posts prior to 2019, erasing the company’s digital history. The reason for this action remains unexplained by either the company or Elon Musk. Read more

Apple announces the iPhone 16 reveal event scheduled for September 9 at 10 a.m. PT, inviting users to watch the event live. Read more

Tumblr officially transitions to WordPress following its acquisition by Automattic in 2019, with Tumblr’s backend now running on WordPress. Read more

Google trains its Gemini AI model with 300 million audio pieces to identify health issues and predict disease early. Read more

Analysis

Image Credits: Devin Coldewey/TechCrunch

Devin Coldewey shares his experience flying through Seattle’s compromised airport, highlighting the chaos caused among travelers due to the airport still being mostly offline after a potential cyberattack. This serves as a stark reminder of the importance of cybersecurity. Read more

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