OpenAI Is Worth $80 Billion

PLUS: Reddit Sells Its Data, Google’s Free AI

February 19, 2024

Welcome humans, here’s your 3-minute recap (without the fluff):

  • OpenAI valued at $80 billion: triples valuation in 10 months

  • Reddit sells data for $60M

  • Google releases Magika for accurate file type identification

  • New tools, funding updates & job postings

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📚 Resources

Leading general counsel team up to support generative AI adoption (link)

6 AI life/business hacks that will save your team hours of resources (link)

Only real people can patent inventions - not AI - US government says (link)

What is Sora by OpenAI? Who can access the incredible AI video tool revealed (link)

‘AI for Humans’ may be the most entertaining way to learn about artificial intelligence (link)

P.S. You can still get The Ultimate ChatGPT Toolkit (no email opt-in).

🗞️ News

OpenAI is worth $80 Billion

OpenAI has completed a deal that values the company at $80 billion or more, nearly tripling its valuation in less than 10 months.

The deal involves OpenAI selling existing shares in a tender offer led by venture firm Thrive Capital. Employees can cash out shares rather than a traditional funding round.

Reddit is selling its data

Reddit has signed a new licensing deal worth around $60 million annually, allowing an unnamed large AI company to access and use Reddit's content to train their models.

The deal could help Reddit's revenue as it aims for a $5 billion valuation in its upcoming IPO.

Google’s free AI

Google has open-sourced a tool called Magika, which uses AI to accurately identify the type of files. Magika can determine if a file contains text, images, videos, executable code, or other file types.

Google uses Magika internally to help detect harmful or problematic content on services like Gmail and Drive.

✅ Daily AI Challenge

Your customer service team considers implementing a chatbot to reduce call volume. What is MOST important for a successful chatbot experience?

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💰 Funding

Armilla AI raises $4.5M in seed funding to safeguard enterprises from the risks of AI (link)

Oxford-based MeVitae secures $1.8M to keep making the workplace more fair and equitable (link)

💼 Job Board

Marketing Technology Enablement Lead at McKesson (US)

Machine Learning Engineer at Medallion (Remote)

🐦 Tweet Of The Day

🤖 Prompt Tutorial

A Side-by-Side Comparison

Write a product comparison chart between [product] and its [main competitor].

Product = [Insert here]

Main competitor = [Insert here]

That’s all.

Stay curious, leaders!

- Mr. Prompts

PS. If you missed yesterday’s issue, you can find it here.

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