ChatGPT’s mobile app revenue saw biggest spike yet following GPT-4o launch

Consumer demand for the latest AI technology is heating up. The launch of OpenAI’s latest flagship model, GPT-4o, has now driven the company’s biggest-ever spike in revenue on mobile, despite the model being freely available on the web. GPT-4o, launched last Monday, can handle text, speech, and video, and delivers real-time responsiveness and a range … Read more

Bumble buys community building app Geneva to expand further into friendships

Dating app maker Bumble has acquired Geneva, an online platform built around forming real-world groups and clubs. The company said that the deal is designed to help it expand its focus from “one-to-one connections to groups and communities” — friendships, in other words. Terms of the deal were not disclosed, but the announcement comes shortly … Read more

OpenseedVC, which backs operators in Africa and Europe starting their companies, reaches first close of $10M fund

Founder-market fit is one of the most crucial factors in a startup’s success, and operators (someone involved in the day-to-day operations of a startup) turned founders have an almost unfair advantage in finding that fit. Data shows that a lack of expertise and business acumen in founders contributes to failed VC investments. The same principle applies … Read more

UK opens office in San Francisco to tackle AI risk

Ahead of the AI safety summit kicking off in Seoul, South Korea later this week, its co-host the United Kingdom is expanding its own efforts in the field. The AI Safety Institute – a U.K. body set up in November 2023 with the ambitious goal of assessing and addressing risks in AI platforms – said … Read more

Why companies are turning to internal hackathons

Companies are always looking for an edge, and searching for ways to encourage their employees to innovate. One way to do that is by running an internal hackathon around a theme and having employees attack a problem together. It not only brings in new ideas and new ways to solve problems for the company and … Read more

Hollywood agency CAA aims to help stars manage their own AI likenesses

Creative Artists Agency (CAA), one of the top entertainment and sports talent agencies, is hoping to be at the forefront of AI protection services for celebrities in Hollywood. With many stars having their digital likeness used without permission, CAA has built a virtual media storage system for A-list talent — actors, athletes, comedians, directors, musicians, … Read more