OpenAI’s new $6.6 billion round of funding has nearly doubled its valuation to $157 billion. With investments from Thrive Capital, Microsoft, SoftBank and Nvidia, OpenAI plans to expand its AI research while facing pressures around executive turnover and its transition away from a nonprofit model.
Abnormal Security has raised $250 million in a Series D round led by Wellington Management, aiming to expand its AI-driven human behavior security platform globally. The funds will support new product development, international market entry, and preparations for a future IPO.
Cyberhaven secured $88 million in a Series C round led by Adams Street Partners and Khosla Ventures. The company wants to bolster product development, expand AI detection capabilities and increase market reach in hope of becoming a leader in the fragmented data security market.
AI is a new attack surface with data volumes that have turned a small problem into a big one. Incumbents struggle with new attack surfaces while startups move faster, not burdened by technical debt - and they are looking to use AI to do whatever incumbents can't do.
Cyera completed a $300 million funding round led by Coatue to fortify data security and facilitate safer AI adoption across enterprises. By consolidating data protection measures, Cyera hopes to address the critical need for a unified data security platform in the era of generative AI.
OpenAI CEO Sam Altman no longer owns the company's $325 million venture capital fund launched with backing from Microsoft. Altman's role as the fund's sole owner raised eyebrows although OpenAI said the arrangement was always meant to be temporary.
The South Korean government is investing $585 million in domestic AI research and development in 2024, but spending cuts, a shrinking technology workforce and growing competition with other APAC countries pose challenges to the government's goal of "global technology domination."
A data security firm led by a former CA Technologies executive raised $60 million to boost both organic and inorganic expansion around data and compliance. The round will build on the firm's new data hygiene tool as well as its new controls for detecting and tracking model access to sensitive data.
French AI startup Mistral AI raised $414.41 million in its second funding round in less than seven months as it bids to compete against OpenAI and other large firms. The funding, led by Andreessen Horowitz and LightSpeed Ventures, coincides with the launch of Mistral's three open generative models.
OpenAI co-founders Sam Altman and Greg Brockman will lead a new advanced AI research team at Microsoft after OpenAI's board decided not to bring them back, Satya Nadella said. The nonprofit behind ChatGPT opted instead to name longtime Twitch CEO Emmett Shear as its new interim leader Sunday night.
Technology investors and executives are reeling from OpenAI's shocking firing of co-founder and CEO Sam Altman, though there's a chance the split may be short-lived. 'Whatever offense Altman committed, it would have to be tremendous for the board to make this move,' said Rain Capital's Chenxi Wang.
The European Union will open up supercomputers to artificial intelligence startups in a bid to boost innovation inside the trading bloc, European Commission President Ursula von der Leyen said Wednesday. She said Europe has a "narrowing window of opportunity" to guide responsible innovation.
A third-party management platform founded by a longtime McKinsey consultant closed a funding round to bring further automation to compliance and procurement tasks. Certa plans to invest in AI that takes text-based organizational policies and converts them into controlled workflows.
Artificial intelligence can solve really old problems around data wrangling and data protection that are essential to many security investigations, said Norwest Ventures' Rama Sekhar. The VC firm is looking at emerging companies that use large language models to automatically clean up data.
Artificial intelligence and machine-learning technology is vulnerable to cyberattacks due to a lack of security around the models themselves, said Mark Hatfield, founder and general partner at Ten Eleven Ventures. How do we identify and fix the potential risks of misuse that come with AI?
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