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From non-profit to $500 billion: Sam Altman’s OpenAI’s dizzying valuation rise



Founded in December 2015 as a nonprofit, which Elon Musk will keep reminding chief executive Sam Altman, OpenAI has evolved over the past decade to become one of the world’s most valuable private technology companies.

OpenAI’s market cap: a timeline

It started with grants, donations, and modest investments from technology leaders. But recent reports suggest that OpenAI is approaching a $500 billion market capitalisation as current and former employees may sell some shares. The company’s valuation remained comparatively low during its early years while…



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by Siliconluxembourg

Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to  the needs and answer the common questions of entrepreneurs.  “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link

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by Gizmodo

Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link