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The Latest Breaking News from Y Combinator

Brian Armstrong And Elon Musk Praise Scale AI CEO For Hiring Based On 'Merit', Not 'Woke' Hiring

Scale AI, a hot startup, prioritises merit and predicts AI skills will be crucial for future job opportunities.

International Business Times UK

Exclusive: Scale AI secures $1B funding at $14B valuation as its CEO predicts big revenue growth and profitability by year-end

Scale AI, which helps companies label and test data for AI model training, has closed a new $1 billion funding round at a $14 billion valuation.

Fortune

Sam Altman Net Worth 2024: Silicon Valley Visionary's Billion-Dollar Rise

Altman's official entry into the billionaire club in 2024 underscores his success in identifying and nurturing promising ventures.

International Business Times

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Amazon really wants startups to use AI models including Anthropic - and it's giving away free credits to all

AWS reveals precisely what $500,000 in credits for startups can be spent on, including third-party models from Anthropic and more.

TechRadar

Reddit shares soar on first day of public trading

Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bn

The Guardian - US

Inside tech billionaires’ push to reshape San Francisco politics: ‘a hostile takeover’

The Guardian and Mission Local unravel ‘grey money’ network flooding the progressive city with conservative cash

The Guardian - US

Garry Tan says founders ‘have to be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the big city

Y Combinator moved its headquarters out of Mountain View last year.

Fortune

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ChatGPT 5 release date: what we know about OpenAI’s next chatbot as rumours suggest summer release

The company's most advanced chatbot forms part of its mission to replicate human intelligence

Evening Standard

Sam Altman quietly got $75M from the University of Michigan for a new venture capital fund earlier this year

Fortune discovered the investment into Hydrazine’s fourth fund via a Freedom of Information Act request.

Fortune

Sam Altman’s ousting from OpenAI could lead to even greater success: ‘You could parachute him into an island full of cannibals and come back in five years and he’d be the king’

Altman dropped out of Stanford, started a "failed" app, then turned it into a gig running Silicon Valley's top startup incubator.

Fortune

What you need to know about Emmett Shear, OpenAI's new interim CEO

OpenAI is bringing in the former head of Twitch as interim CEO just days after the company pushed out its well-known leader, Sam Altman, sparking upheaval in the world of artificial intelligence

The Independent UK

OpenAI's meltdown: What to know about Sam Altman's ouster, the employee revolt, and Microsoft's plot twist

On Friday afternoon, the OpenAI board fired Altman, saying he has not been “consistently candid” with them. By early Monday morning, he’d been hired by Microsoft.

Fortune

Who is Sam Altman, as the CEO of OpenAI denies rape allegations made by sister?

This isn’t the only lawsuit Sam Altman is facing; he was sued by Elon Musk in 2024 for breaching his fiduciary responsibility

Evening Standard

'Ctrl Altman Delete': How Sam Altman was pushed out of the world's best-known AI business

Everything we know so far about Altman's shock departure

Evening Standard

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TechRadar

Microsoft is giving some startups access to serious Nvidia AI power

Microsoft wants to get startups out of the door more quickly with free, high-performance AI hardware in the cloud.

Fortune

3 takeaways from Y Combinator’s summer startup class

The accelerator’s Demo Day was all about A.I. startups—but a couple of other themes emerged.

Fortune

Paul Graham calls A.I. ‘the exact opposite of a solution in search of a problem’

A.I. "is turning out to be the missing piece in a large number of important, almost-completed puzzles," said the Y Combinator cofounder.

The Week

Sam Altman: the OpenAI CEO leading the AI revolution

The launch of ChatGPT last November propelled OpenAI, and its co-founder and CEO Sam Altman, into the global spotlight.

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Fortune

Garry Tan breaks down the key metric in Y Combinator's new list of top startups

The accelerator's focus on net revenue is to "encourage people to build businesses of real, great value."

Fortune

Sam Altman has "enough money" but has other 'selfish' reasons for leading OpenAI

OpenAI CEO Sam Altman emphasized that he has no equity in the company and cares more about having an "interesting life."

Fortune

Paul Graham says remote work ‘does work initially,’ which is why it ‘fooled’ leaders who have since ‘changed their minds’

"Remote work does work initially, if you start with a system already healthy from in-person work," said the Y Combinator cofounder.

Fortune

Airbnb’s CEO and cofounder says the best advice he was ever given was ‘counterintuitive’ to what most people would tell you

One of Airbnb’s early investors taught Brian Chesky a valuable lesson that helped the company’s founders grow their business.

Fortune

Paul Graham on the one quality startup founders need

It isn’t obvious who has it, noted the Y Combinator cofounder, but it's why he bet on Airbnb despite his doubts about the concept.

Fortune

Accelerator interest spikes as VCs bulk up seed investing

Especially in A.I., Accelerators are seen as a way to get broad access to talent and tech.

Fortune

Sam Altman lists the startup rules OpenAI broke on its way to a nearly $30 billion valuation

“Don’t invest,” he told potential investors who said the ChatGPT maker was doing it all wrong.

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