OpenAI's nonprofit will control a $500B entity while owning $100B+ in equity—an unprecedented governance experiment. Microsoft formalizes partnership even as both companies hedge through diversification. Regulators hold the keys.
FTC orders seven AI giants to reveal how their companion chatbots affect children after teen suicide cases involving ChatGPT and Character.AI. Meta faces particular scrutiny over internal docs permitting romantic chats with minors.
Large U.S. companies just hit the brakes on AI—adoption fell from 14% to 12% in two months, the first decline since tracking began. MIT research explains why: 95% of enterprise pilots deliver zero ROI. The gap between AI hype and workflow reality is widening.
Discover how a remote work platform is revolutionizing the AI industry by becoming a secret weapon in the global AI arms race.
Turing just pulled off the startup equivalent of showing up to a job interview and leaving with the company. The AI infrastructure firm nabbed $111 million in Series E funding, doubling its valuation to $2.2 billion. Not bad for a company that started as a glorified LinkedIn for coders.
CEO Jonathan Siddharth didn't see this plot twist coming. Back in 2022, OpenAI called him in for what he thought was a routine recruiting chat. Instead, they dropped a bombshell: their AI models got smarter when fed high-quality code. Suddenly, Turing's database of 4 million developers looked less like a hiring pool and more like AI brain food.
The company now juggles three growing business lines. Their original remote developer matching service still pulls in healthy profits. But the real money maker? Helping AI giants like OpenAI build better language models through code contributions. Think of it as teaching robots to think by showing them how humans solve problems.
Turing's rise catches the eye of big money. Malaysia's sovereign wealth fund Khazanah Nasional Berhad led the round, joined by a who's who of venture capital. With $167 million in annual revenue and profitability under its belt, Turing plans to double down on its AI services.
The transformation amazes even veteran investors. "When I first met them in 2018 my jaw dropped," says Westbridge partner Sumir Chadha. He thought Turing would disrupt HR. Instead, it's helping shape artificial general intelligence.
Siddharth bristles at calling this shift a pivot. The original business thrives, he insists. But the company's new division names – "Turing AGI Advancement" and "Turing Intelligence" – reveal where the excitement lies. They're betting big on AI's future while keeping one foot firmly planted in their profitable past.
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Sam Altman's OpenAI is backing a $250M brain-computer startup to directly compete with Elon Musk's Neuralink. The rivalry moves from AI models to neural interfaces—whoever controls how humans connect to AI systems wins the future.
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OpenAI closes $8.3B funding round months early, led by Dragoneer's record $2.8B single check. Early investors got squeezed as demand hit 5x capacity. Revenue jumped to $13B while Microsoft negotiations loom over IPO future.
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