OpenAI, the company behind the popular ChatGPT, is reportedly in discussions with the California attorney general’s office to change its corporate structure to a for-profit model, according to Bloomberg News. This potential shift would mark a significant change for OpenAI, which was originally established as a non-profit research organisation in 2015.

Actor and director Olivia Wilde, known for her roles in Tron: Legacy and Don’t Worry Darling, has taken on a new role as a venture capitalist, reports Bloomberg.

Sierra, a Silicon Valley-based AI startup co-founded by Bret Taylor, former Salesforce co-CEO and current OpenAI Chairman of the Board, has secured $175 million in a new funding round, giving the startup a $4.5 billion valuation. 

Perplexity AI, the artificial intelligence company backed by Jeff Bezos, has entered fundraising talks to more than double its valuation to over $8 billion, according to a report by The Wall Street Journal.

The European Union announced a new partnership with leading venture capital firms on Monday, aiming to accelerate investment in tech innovation across Europe. T

Jatri, a Bangladeshi multi-modal travel platform, is entering the Gulf Cooperation Council (GCC) market, beginning with Saudi Arabia and the UAE, through the launch of 'Saafir.'

Toyota has made a $500 million investment in Joby Aviation, a California-based startup focused on developing electric air taxis, according to a recent blog post by Toyota.

An artificial intelligence researcher, Fei-Fei Li also nicknamed as the “Godmother of AI” has raised USD 230 million for AI startup “World Labs” along with her three colleagues to develop AI technology that can comprehend how the three-dimensional physical world works, the company announced on Friday.

Story Engine Inc., an AI startup co-founded by Bangladeshi Stanford graduate Sheikh Srijon, has received $750,000 in pre-seed funding from the reputed venture capital firm Andreessen Horowitz (A16Z). The startup, founded by Sheikh Srijon, Zhizhuo Zhou, and Wanrong He, aims to revolutionise the realm of webtoon and anime creation through generative AI technology.

Optimizely earns 'Great Place To Work' certification, celebrates culture of innovation and employee well-being

Safe Superintelligence (SSI), a new AI startup co-founded by Ilya Sutskever, former chief scientist and co-founder at OpenAI, has raised $1 billion in cash. In an interview with Reuters, SSI announced its goal to build "safe AI systems that far surpass human capabilities".

AirTrunk, a data centre group founded by Bangladeshi-Australian entrepreneur Robin Khuda, is set to change hands in a USD 16.1 billion (AUD 23 billion) deal. 

Shah Rafayat Chowdhury, co-founder of the social venture organisation Footsteps, has been selected as one of the 38 young leaders to join the Asia 21 Next Generation Fellows for 2024.

Two Bangladeshi startups - Tiger New Energy, a company offering battery-swapping technology for electric vehicles (EV), and iFarmer, an agritech platform - has recently made it to the Forbes Asia's 100 to Watch list for 2024.

Shahir Chowdhury, the founder and CEO of the Bangladeshi edtech startup Shikho, recently stated in a Facebook post that his company had been blacklisted from receiving government funding. According to Chowdhury, Shikho was close to securing an investment, which included BDT 5 crore from Startup Bangladesh Limited (SBL) as part of a larger USD 1.5 million funding round. However, SBL abruptly withdrew its support just before the agreement was to be signed, citing political reasons.

The startup landscape in Bangladesh is undergoing rapid transformation, spurred by significant inflows of international investments and the innovative prowess of local entrepreneurs. This growth is evident across various sectors, with mobile financial services and tech-based startups leading the charge.

The commencement of 'Bangladesh Startup Summit 2024' was officially announced today at a press conference held at the Bangladesh Computer Council Auditorium in Dhaka. Scheduled for July 27-28, this year’s summit is themed 'Smart Bangladesh: Endless Possibilities'. 

With a recent market valuation of over $1 trillion, the Taiwanese semiconductor manufacturer TSMC has cemented itself as the most valuable company in Asia. This achievement takes place after a strong second-quarter revenue from the company, thanks to the ongoing boom of AI chips.

Microsoft has decided to leave its board observer seat at OpenAI, a position that has attracted regulatory scrutiny in both the United States and Europe. The company stated that this move was prompted by significant improvements in OpenAI's governance over the past eight months, rendering the observer seat unnecessary.

TSMC, the Taiwan-based multinational semiconductor company, briefly reached a valuation of $1 trillion recently. At the time of writing, the company's market capitalisation stands at $967.87 billion, but experts believe the number will rise again soon due to the ongoing boom in AI chips' market demands. Meanwhile, here are five things you should know about this Taiwanese chip manufacturer.