OpenAI’s $6.6 Billion Fundraise, Meta’s Quiet Election, Imaginary AI Friends

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 4 October 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ranjan Roy from Margins is back for our weekly discussion of the latest tech news. We cover 1) OpenAI closing a $6.6 billion fundraise 2) A look at the investors, including Softbank, Tiger Global, Cathie Wood, and Altimeter 3) Will OpenAI need to raise again shortly? 4) Is an IPO next? 5) Investors can get their money back if OpenAI doesn't convert to a standard for profit company 6) What's next for OpenAI's relationship with Microsoft? 7) Meta's quiet election 8) Is social media's collision course with politics sad? 9) AI girlfriend apps on the rise 10) AI slop has taken over the internet 11) Ranjan's weird Facebook experience 12) Depression and bewilderment --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. For weekly updates on the show, sign up for the pod newsletter on LinkedIn: https://www.linkedin.com/newsletters/6901970121829801984/ Want a discount for Big Technology on Substack? Here’s 40% off for the first year: https://tinyurl.com/bigtechnology Questions? Feedback? Write to: [email protected]

Transcript

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0:00.0	OpenAI just raised $6.6 billion at a $157 billion valuation, the largest VC funding round in history.
0:10.4	Metas had a remarkably quiet election and our imaginary AI friends now the future of social apps and perhaps our lives.
0:18.4	That's coming up right after this.
0:20.7	Will AI improve our lives or
0:23.6	exterminate the species? What would it take to abolish poverty? Are you eating enough fermented foods?
0:30.9	These are some of the questions we've tackled recently on the next big idea. I'm Rufus Griscombe,
0:36.1	and every week I sit down with the world's leading thinkers
0:39.6	for in-depth conversations that will help you live, work, and play smarter. Follow the next big
0:45.4	idea wherever you get your podcasts. Have you been feeling the effects of stress, burnout, or anxiety at work?
0:55.2	Listen to the Anxious Achiever podcast to rethink the relationship between your career and your mental health.
1:02.3	Get the Anxious Achiever wherever you find your podcasts.
1:05.5	And walk away with practical advice you can implement today.
1:10.2	Welcome to Big Technology Podcast Friday edition where we break down the news in our traditional
1:14.2	cool-headed and nuanced format.
1:16.4	The Open AI fundraising is finally in and we have a bunch of other fun stories to speak
1:21.1	with you about joining me as always on Friday is Ron John Roy of margins.
1:25.8	Ron John, welcome.
1:26.7	Great to see you.
1:30.3	Good to see you. Open AI did it. They did it. Yes. So it finally happened. They've raised 6.6 billion in new funding. The investors
1:36.7	doesn't include Apple. It's just a billion from Microsoft. But they have SoftBank involved.
1:42.8	They have Thrive Capital.
1:46.7	Nvidia is also investing 100 million.
	...

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