Miles Wang, an OpenAI researcher whose work includes using AI to accelerate scientific and biological discovery, is leaving the maker of ChatGPT to launch a new startup focused on developing AI models for drug discovery, according to four people with knowledge of his plans. Several other OpenAI researchers are expected to join the new company.
Nous Research, the startup behind open source agent Hermes, is finalizing a new funding round led by Robot Ventures, with significant participation from USV and other prominent investors at a valuation of $1.5 billion, according to three sources with knowledge of the deal. The company is raising at least $75 million and has drawn a
A years-long lawsuit between college social app Fizz and rival Sidechat over unfair competition practices has taken an interesting turn. In a new filing, Fizz accuses investor Jerry Lu, who works at venture capital firm Maveron, of meeting with Fizz under the guise of exploring a potential investment, but then turning around and sharing Fizz’s
Gradium, a Paris-based startup that offers voice AI models, reopened its seed round to new investors, including Nvidia, and has now raised $100 million in total for the round, it said Thursday. The company is using the cash to open an office in the Bay Area and compete for talent there, “strengthening its position at
AI training startup Mercor is reportedly in talks to raise a round at a valuation of $20 billion, sources told Bloomberg. That would be a big jump from its last holding in October, when it raised a $350 million Series C at a $10 billion valuation. Talks for this latest round are in the early
Charles Hudson has spent more than a decade investing in startups. As founder and managing partner of Precursor Ventures, he has invested in hundreds of companies and seen massive shifts in markets that require founders to get creative and throw out old fundraising playbooks. On this week’s episode of Build Mode, Startup Battlefield lead Isabelle
