Andrej Karpathy, co-founder of OpenAI, has officially joined Anthropic, the company behind Claude.
Karpathy, a prominent AI researcher, helped found OpenAI in 2015 and later led AI efforts at Tesla.
He now says he wants to "return to R&D" during a critical time for large language model development.
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xAI asked employees to submit their personal tax returns as training data for Grok and offered $420 in return, according to Bloomberg.
The company wanted to improve Grok’s tax capabilities before the April 15 filing deadline as users increasingly turned to ChatGPT and Claude for accounting tasks.
Two months later, employees are still waiting for the payments.
Even training data can end up as an unpaid invoice.
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The OpenAI trial brought renewed attention to the company’s early days. Today, only Sam Altman, Greg Brockman, and Wojciech Zaremba remain at the company.
OpenAI’s founders now lead or advise many of the most important companies in AI.
The original team ended up shaping the entire industry.
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Venture Capital
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Sam Altman proposed giving each YCombinator startup $2 million in tokens for about 7% equity, roughly YCombinator's usual stake.
The tokens come from Codex, which Altman aims to promote by tying new startups to his ecosystem amid competition with Anthropic.
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The Financial Times revealed that Demis Hassabis, founder of DeepMind, secretly invested early in Anthropic as an angel investor.
Anthropic is an AI startup competing closely with DeepMind.
Despite this rivalry, Google recently agreed to invest $10 billion in Anthropic, possibly influenced by Hassabis.
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SpaceX publicly filed for an IPO under ticker $SPCX to raise $75 billion at an over $2 trillion valuation.
This is 3x bigger than Saudi Aramco's 2019 record IPO in which it raised $26 billion at a $1.7 trillion valuation.
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OpenAI plans to submit its IPO application to regulators within days, according to WSJ. The company waited for the conclusion of its legal dispute with Elon Musk before moving forward.
The IPO review process will take several months, making a public offering possible in Q4 2026. It could become one of the largest IPOs ever.
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Donald Trump disclosed a $1 million to $5 million investment in Kura Sushi, a Japanese conveyor-belt sushi chain. The stock jumped more than 5% after the filing became public.
The trade stood out because most of Trump’s largest purchases were tied to AI, semiconductors, or defense companies. Kura Sushi was the only restaurant chain among the biggest buys.
Social media quickly pushed a theory that Trump may have confused Kura Sushi with Fujikura, a Japanese cable and AI infrastructure company whose name sounds similar.
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Anthropic told investors it could reach operating profitability for the first time in Q2. Quarterly revenue is expected to more than double to about $10.9 billion.
At the same time, reports say Anthropic agreed to pay xAI $1.25 billion per month for compute capacity at the Colossus 1 data center near Memphis.
The deal covers the facility’s full 300-megawatt capacity and runs until May 2029. In total, the contract could generate more than $40 billion for xAI.
One AI company is becoming profitable by sending billions to another AI company’s GPUs.
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On this day in 2010: 10,000 Bitcoin were used to buy two pizzas.
Today, they’d be worth $765 million.
✔️ @venture
Today, they’d be worth $765 million.
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Manus founders are reportedly trying to reverse the company’s sale to Meta after pressure from Chinese authorities.
One option under discussion is raising $1 billion from outside investors to buy the company back. Manus could then be restructured as a Chinese joint venture and eventually listed in Hong Kong.
The startup originally launched in China and later moved operations to Singapore to make a future sale easier.
The twist is that Beijing stepped in when the Meta deal was already near completion. Employees had reportedly moved into Meta offices in Singapore and investors had already received payments.
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