🤖 What does OpenAI invest in?

Microsoft and others are investing billions in OpenAI, and Sam Altman's company is investing in AI startups. For this purpose, the OpenAI Startup Fund was created with a capital of $100 million.

To find startups, the fund launched the Converge program, a six-week accelerator. Participants receive an investment of $1 million and access to technical lectures, mentors, new OpenAI products, and Microsoft's Azure cloud services. It's all classic.

STARTUPS

🤖 1X is creating a humanoid robot named Neo, capable of solving the labor shortage problem. They are developing robots for security, logistics, and customer service. Last year, the company raised $23.5 million in investments, with the OpenAI Startup Fund as the lead investor in the deal.

🎬 Descript is a powerful video editor that changes the approach to content work. Thanks to AI, it makes video editing as simple as editing a text document.

✍️ Mem is an app for automatic note organization. Take notes however you like; AI will structure everything and help find what's needed.

📚 Speak is an educational platform where students use AI to practice conversational English. The site has exercises that simulate everyday conversations and interaction scenarios.

⚖️ Harvey is AI for automating lawyers' work. A second pilot for attorneys allows describing tasks with simple instructions and generating the desired outcome.

Sources:
— TechCrunch
— OpenAI

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