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Search resuls for: "Jack Altman"


7 mentions found


☆ Some VCs are over the Sam Altman hype
  + stars: | 2024-03-26 | by ( Darius Rafieyan | ) www.businessinsider.com   time to read: +8 min
In late 2023, when OpenAI sought $300 million from investors, CEO Sam Altman chose a different approach. In some corners of this clubby world, over $7 coffee and artisanal cocktails, the meteoric rise of OpenAI and Sam Altman is giving way to an inevitable backlash. "He's a kingmaker," a Silicon Valley startup founder and angel investor who knows Altman. Sam Altman and OpenAI did not respond to requests for comment. A certain somethingMany of the VCs who spoke with BI said Altman has a certain something.
Persons: —, OpenAI, Sam Altman, Altman, they'd, I've, Ali Ghodsi, Altman's, Ghodsi, Steve Jobs's, Paul Graham, he's, Sam, Jack Altman, It's, it's, Elon, Alexander the Great, Adam Neumann Organizations: Service, NEA, Business, Altman's, The Washington Post, The, YC, BI, WeWork Locations: Sequoia, Silicon Valley, The, San Francisco
☆ Mathilde Collin built a $1.7 billion email startup by the time she was 32. She's now stepping back at an inflection point for Front.
  + stars: | 2024-03-25 | by ( Melia Russell | ) www.businessinsider.com   time to read: +7 min
And so last fall, Collin kicked off a search for a new board director, to fill in her knowledge gaps. Now, Collin says she will step down as chief executive of Front after her hunt for a board director took an unexpected turn. She will move into an executive chair role on April 15, when O'Connell takes up the mantle as chief executive, Front tells Business Insider exclusively. Known for her sharp wit and radical candor, Collin started the business out of college in her native France. Advertisement"We're at a scale now where the CEO can't come in and sort of wave the proverbial magic wand and make things happen," said Mohammed Attar, Front's chief product officer.
Persons: Mathilde Collin, Collin, Dan O'Connell, O'Connell, Garry Tan, Paul Buchheit, Jack Altman, Kyle Vogt, Cruise, Jeff Lawson, Mohammed Attar, —, Josh Stein, Stein Organizations: Service, Business, Dialpad, Front Locations: San Francisco neighborhood, France, Dialpad
☆ Exclusive: Ex-Truepill CEO just scored $6 million to help health plans and pharma companies ditch middlemen and work closely with patients
  + stars: | 2024-03-11 | by ( ) www.businessinsider.com   time to read: +5 min
He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.
Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers
☆ How the 23-year-old founder of GPTZero turned his student anti-cheating tool into a leading startup that detects AI-generated text online
  + stars: | 2023-07-28 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +6 min
Over the course of the holiday break last year, Tian built what would become the main tool for his startup, GPTZero. They became some of the earliest adopters of GPTZero, Tian explained. "You have to imagine, this is before TurnItIn even knew what AI detection was, and OpenAI wasn't considering this at all either," Tian said. As customer and media interest grew in GPTZero, Tian realized he had built something that could be a full-fledged startup. Tian and the GPTZero team acknowledge that errors can happen with GPTZero as well, but that focusing on "human" detection can be one way around it.
Persons: Edward Tian, he's, He's, Tian, Bard, TurnItIn, OpenAI, Alex Cui, Cui, Jack Altman's, Emad Mostaque, Tom Glozer, Mark Thompson, GPTZero, Greylock's Asheem, graf, It's, they've, we've Organizations: Princeton, Princeton University, NPR, Educators, BBC, University of Toronto, Uncork Capital, Altman, New York Times, Microsoft Locations: British, GPTZero, Uganda, Kenya
☆ Vector database Chroma scored $18 million in seed funding at a $75 million valuation. Here's why its technology is key to helping generative AI startups.
  + stars: | 2023-04-06 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +4 min
Chroma helps manage vector embeddings, or numerical representations of data AI models can process. The startup raised $18 million in seed funding at a $75 million valuation led by Quiet Capital. The company recently closed a $18 million seed round led by Quiet Capital at a $75 million valuation. Originally, Chroma's tech aimed to serve machine learning engineers who were training and deploying AI models. Because this limits the model's context window, this approach tends to prevent hallucinations, or confident but incorrect responses from AI, Troynikov told Insider.
☆ OpenAI CEO Sam Altman sent startup six-figure loan to make payroll after Silicon Valley Bank collapse, report says
  + stars: | 2023-03-12 | by ( Aaron Mcdade | ) www.businessinsider.com   time to read: +3 min
OpenAI CEO Sam Altman is among tech execs giving money to startups after Silicon Valley Bank's collapse. Altman told Reuters startups need money to pay employees and bills while SVB's situation is addressed. SVB, a once-trusted bank for tech and startups, was taken over by regulators Friday. "Sam has been sending stuck startups money today with no docs, just saying 'send me back whatever you can whenever you can'. "Even if SVB can't find a buyer or a loan over the weekend, a lot of the money startups have on deposit will be made available to them," Altman told Reuters.
☆ Here's an exclusive look at the 12-slide pitch deck the artificial-intelligence startup Durable used to raise $6.25 million in seed funding
  + stars: | 2022-12-01 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +3 min
Durable offers solo entrepreneurs sales, marketing, and finance tools through its platform. The startup recently landed $6.25 million from investors like Altman Capital and Torch Capital. Here's a look at the 12-slide pitch deck it used to raise its latest seed round. Durable targets solo entrepreneurs, or people who start and run their own business independently, without a cofounder or other employees. Here's an exclusive look at the 12-slide pitch deck Durable used to raise $6.25 million in seed funding from Altman Capital, Torch Capital, Dash Fund, Infinity Ventures, and South Park Commons:
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