Natasha Mascarenhas

2 weeks ago | theinformation.com | Natasha Mascarenhas

It’s common nowadays for founders of hot startups to hold special shares that give them more voting power than most investors. But Mira Murati, a former OpenAI chief technology officer who is now a founder and the CEO of artificial intelligence startup Thinking Machines Lab, may exert an unusual level of control even by those standards. Murati has told potential investors the startup is close to raising $2 billion, at a $10 billion valuation, from investors led by Andreessen Horowitz.

4 weeks ago | theinformation.com | Natasha Mascarenhas

Source: BloombergOpenAI is in discussions to buy Windsurf, the maker of a popular AI coding assistant formerly known as Codeium, for $3 billion, according to a person with knowledge of the discussions. The deal could help the ChatGPT-maker make inroads with developer customers who use conversational AI tools, such as Anysphere’s Cursor or ChatGPT itself, to help them code. If it closes, this deal would also be the largest in OpenAI’s history.

4 weeks ago | theinformation.com | Natasha Mascarenhas

Source: The InformationU.S. startups raised $91.5 billion in the first quarter, up 116% from the year ago to the highest level since the fourth quarter of 2021, near the height of the low interest-rate funding boom, according to research firm PitchBook. For the second straight quarter, investments in artificial intelligence startups made up more than half of total funding, rising to a record 71% in the first three months of the year.

1 month ago | theinformation.com | Natasha Mascarenhas

Source: Financial TimesSafe Superintelligence Inc., the secretive artificial intelligence lab started by OpenAI co-founder Ilya Sutskever, has raised $2 billion in capital at a $32 billion valuation, including the investment, according to a report from the Financial Times. The funding is double the amount that SSI was looking to raise as of two months ago, The Information previously reported.

1 month ago | theinformation.com | Natasha Mascarenhas

Source: The InformationIVP, the 45-year-old firm known for investments in Brex and Perplexity, is advising startup founders to re-adjust their annual budgets and raise capital, even if they have to forgo a valuation increase.