To win the artificial intelligence race, Google not only has developed its own technologies, but has also pumped money into prominent A.I. start-ups. And to preserve its competitive edge, Google has kept its ownership stakes in those start-ups a secret. Court documents recently obtained by The New York Times reveal Google’s stake in one of…
For a decade, Eric Schmidt ran Google as chief executive and as the “adult” in the room, mentoring the internet company’s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page. He has not taken another C.E.O. job since. But on Monday, Mr. Schmidt told employees…
The artificial intelligence start-up Anthropic said on Monday that it had completed a new fund-raising deal that valued the company at $61.5 billion, up from about $16 billion a little more than a year ago. Led by the venture capital firm Lightspeed Venture Partners, the new round will pump an additional $3.5 billion into the…
Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalized gift baskets. Mr. Lee, 41, would normally be flattered. In the past, a fast-growing start-up like Gamma, the artificial intelligence start-up he helped establish in…
Humane, the ambitious start-up behind the Ai Pin device that aimed to one day replace smartphones, agreed to sell parts of its business to HP for $116 million, the companies said on Tuesday. HP said it planned to acquire Humane’s “A.I. capabilities,” including its software platform, intellectual property, patents and some employees. The Ai Pin…
Mira Murati, the former chief technology officer of OpenAI who unexpectedly left the company in September, has helped found a new artificial intelligence start-up called Thinking Machines Lab, adding to the wave of young companies that have been formed in the race to lead A.I. Thinking Machines Lab aims to “make A.I. systems more widely…
Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock market in early 2022 delayed its listing. Since then, the company has waited for the right moment. Last week, Turo pulled its listing entirely. “Now is not the right time,” Andre Haddad, the company’s chief…
Elon Musk said in a court filing late Wednesday that he would withdraw his $97.4 billion bid to control OpenAI if the company dropped a longstanding effort to change its corporate structure. Mr. Musk and a consortium of investors had offered on Monday to buy the assets of the nonprofit that controls OpenAI, escalating a…
OpenAI’s board of directors on Wednesday questioned the rationale of a $97.4 billion bid from Elon Musk and others to gain control of the high-profile artificial intelligence company. On Monday, a consortium of investors led by Mr. Musk offered to buy the assets of the nonprofit that controls the company, escalating a yearslong feud between…
Everything clicked when Peter Thiel gave the speech about God. The occasion was a 40th birthday party for Trae Stephens, who is Mr. Thiel’s venture capital partner as well as one of the founders of Anduril Industries, a maker of high-tech defense systems and weaponry. It was a multiday affair, held in 2023 at Mr….