Technology
Investors already value OpenAI at over $100 billion on the secondary market
OpenAI is in talks to lift a brand new round of funding at a powerful valuation of over $100 billion, sources told The Wall Street Journal this week.
It seems that investors have already proven they’re willing to value an organization high enough to land on OpenAI’s coveted cap table. Many firms that track or facilitate secondary transactions—where investors buy shares from existing investors quite than directly from the company—have seen investors pay prices that suggest valuations of greater than $100 billion.
The foremost deal OpenAI is reportedly negotiating can be Josh Kushner’s Thrive Capital, which is able to invest $1 billion, the Journal reported, with Microsoft, Nvidia and Apple also expected to be investors. It could be an enormous step forward for the AI leader. The company was last valued at $86 billion in a secondary sale of existing shares in September, Bloomberg reported.
Still, Rainmaker Securities has seen investors bid up OpenAI shares at prices that value the company at $143 billion. Caplight, a secondary data tracking platform, estimates the company is now price greater than $111 billion based on each secondary market activity and former traditional funding rounds.
“There are a lot of investors who really want to be part of this story and want to be investors in this company,” Glen Anderson, co-founder and managing partner at Rainmaker Securities, told TechCrunch. “So is a $100 billion valuation high? Maybe. But I mean, if OpenAI lives up to its potential, it could be an opportunity.”
Greg Martin, co-founder and managing director of Rainmaker Securities, added that while the company’s valuation has quickly risen, so has its revenue. While OpenAI apparently it still smokes tons of money, said it’s price noting that the company went from $0 in revenue just a number of years ago to billions today. The company is tracking to hit $2 billion in ARR by the end of the yr, in accordance with Information.
“OpenAI is obviously hard to value properly, but we see a lot of demand,” Martin said. “There’s a concern that we’re going to lose the premium that the company gets. There’s certainly a compelling case that the company could be worth a trillion dollars someday.”
While OpenAI’s next official valuation has yet to be determined, one thing is definite — this round of funding will spark more activity in the secondary sector around OpenAI and other AI competitors, Martin said. He predicts it should also boost the valuations of firms like Anthropic, Cohere, Hugging Face and others.
“It generates buzz. It generates excitement. It resets market expectations,” Martin said.
Technology
US medical device giant Artivion says hackers stole files during a cybersecurity incident
Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.
In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.
Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”
Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.
Technology
It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500
Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.
The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.
The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.
More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)
Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.
The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.
Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.
In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.
Technology
Apple Vision Pro may add support for PlayStation VR controllers
According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.
The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.
However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.
Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.
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