Welcome again to Week in Overview. This week, we’re diving into OpenAI’s $6.6 billion fundraising spherical, the fifth Cybertruck recall in lower than a yr, and a neat venture that’s Shazam-ing songs heard on a San Francisco road. Let’s get into it.
OpenAI closed the most important VC spherical of all time this week. The startup introduced it raised $6.6 billion in a funding spherical that values OpenAI at $157 billion post-money. Led by earlier investor Thrive Capital, the brand new money brings OpenAI’s whole raised to $17.9 billion, in response to Crunchbase. As a part of the spherical, OpenAI additionally secured a large credit score line.
ElevenLabs is being approached by present and new traders a few new spherical, which may worth the corporate as excessive as $3 billion, TechCrunch has discovered. The two-year-old firm focuses on making AI instruments to generate artificial voices for narrating audiobooks in addition to real-time video dubbing into different languages.
Elon Musk’s X is now price much less than 1 / 4 of its $44 billion buy value, in response to a brand new estimate from investor Constancy. The asset supervisor’s Blue Chip Progress Fund now values its stake in X at roughly $4.19 million, implying that it’s presently valuing X at about $9.4 billion general.
That is TechCrunch’s Week in Overview, the place we recap the week’s greatest information. Need this delivered as a publication to your inbox each Saturday? Enroll right here.
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One other Cybertruck recall: This time as a result of the rearview digicam picture could also be delayed by two seconds after shifting into reverse, and the show might seem clean for as much as eight seconds when the automobile is in reverse. Learn extra
Generate infinite Moo Dengs: Meta’s newest Film Gen mannequin turns textual content prompts into brief, comparatively practical movies with sound. It’s purely an AI analysis idea, and, correctly, Meta isn’t giving it a public launch. Learn extra
SB 1047 vetoed: California governor Gavin Newsom vetoed controversial AI invoice SB 1047. The invoice that will have made corporations chargeable for implementing security protocols was opposed by many in Silicon Valley, together with OpenAI. Learn extra
Analyze this: Meta has clarified that whereas pictures and movies captured with Ray-Ban Meta aren’t used to coach its AI, that media falls beneath a totally completely different set of insurance policies when you ask Meta AI to investigate them. Learn extra
The sounds of San Francisco: A solar-powered field with an Android cellphone working Shazam 24/7 was put in on a San Francisco road pole to establish bops within the wild. The songs are uploaded to a web site so you may hear the sounds of the town from wherever you’re. Learn extra
A safer VPN: The most effective encrypted VPN is one that you’ve got arrange and secured your self, not one from a paid VPN service. Right here’s a useful information on methods to make one in quarter-hour. Learn extra
The anti-productive note-taking app: Serviette is a note-taking app on iOS that wishes to face out towards the remainder by specializing in mindfulness and psychological wellness somewhat than productiveness and utility. Learn extra
Backlash for Y Combinator: Y Combinator is being criticized for backing PearAI. The startup’s founder has overtly stated that it’s a cloned copy of one other venture, however PearAI’s misstep was to slap its personal made-up closed license on its venture that was written by ChatGPT. Learn extra
Make iOS 18 give you the results you want: iOS 18 brings important modifications to the Management Heart — together with the flexibility to make use of third-party apps. Listed below are some iOS 18-ready apps that may make your Management Heart extra helpful. Learn extra
A brand new option to work together with ChatGPT: OpenAI has a brand new “Canvas” workspace that lets customers generate writing or code and have the mannequin recommend edits and provide suggestions for a extra collaborative workflow. Learn extra
