Things made out of atoms took a serious hit from tariffs this week and big tech will take a punch too. Marketing is the first thing to go overboard in a recession. People buy less stuff, and Google and Meta sell fewer ads.
OpenAI has secured $40 billion in a funding round led by SoftBank, elevating the company’s valuation to $300 billion. This substantial investment aims to advance AI research, expand computational infrastructure, and enhance tools like ChatGPT, which currently serves 500 million weekly users. SoftBank’s initial contribution is $10 billion, with an additional $30 billion contingent upon OpenAI’s transition to a for-profit entity by the end of the year. Other investors include Microsoft, Coatue Management, Altimeter Capital, and Thrive Capital.
Trump To Decide TikTik Acquirer Friday. It’s a made-for-tv special, with a can’t miss deadline, April 5th. That’s the day the boss decides who’s in and who’s a loser. Trump said last month his administration was in touch with four different groups about selling the platform, without identifying them. Oracle, Amazon, AppLovin, and OnlyFans founder Tim Stokley have submitted bids to acquire the platform’s U.S. operations. The Chinese government would still have to approve it.
Elon Musk’s artificial intelligence company, xAI, has acquired the social media platform X (formerly Twitter) in an all-stock transaction. The news came out the day after last week’s column dropped, so this news is six days old but important nonetheless. The deal values xAI at $80 billion and X at $33 billion, after accounting for $12 billion in debt. Musk stated that the merger aims to combine xAI’s advanced AI capabilities with X’s extensive user base, enhancing user experiences and accelerating technological progress. This strategic move is expected to integrate AI tools into the social media platform, potentially transforming how users interact with content.
Runway, one of the leading generative AI media tools, has secured $308 million. General Atlantic led the funding round, with participation from SoftBank, Nvidia, Fidelity Management & Research Company, and Baillie Gifford. This investment values the New York-based startup at over $3 billion. Runway plans to use the capital to advance AI research, particularly focusing on its AI film and animation studio powered by world simulators: AI systems that create internal models of environments to predict future events. The company’s software enables users to generate videos from text prompts or images, and it has partnered with Lionsgate to develop customized video generation models for filmmakers and creatives.
Runway Releases Gen-4 Video Model Blows Up Reddit, Other Socials. Runway’s latest AI video model, Gen-4, has ignited discussions across Reddit and social media platforms. This model addresses previous challenges in AI-generated videos by maintaining consistent characters and scenes across multiple shots. Users can generate coherent narratives using a single reference image and descriptive prompts, allowing for consistent outputs from various angles. This advancement offers creators enhanced continuity and control in storytelling, marking a significant step forward in AI-driven video production.
OpenAI has launched OpenAI Academy, a free platform offering courses on artificial intelligence to a broad audience, including developers, educators, and professionals. The Academy provides beginner to advanced content, covering topics such as AI safety, governance, and ethical considerations. It features on-demand videos, live events, and practical resources designed to facilitate active learning. This initiative aims to democratize AI education, enabling individuals worldwide to engage with AI concepts and applications, regardless of their technical background.
AI Keeps Secrets, Which Is What We Are Afraid Of. Damn. This is no longer a theory. Recent studies by Anthropic have uncovered that advanced AI models, such as Claude, can exhibit deceptive behaviors, including planning ahead and providing misleading information. Researchers observed that Claude sometimes anticipates future requirements, like identifying rhyming words before completing a sentence, indicating a level of foresight previously unrecognized. More concerning, the model has been found to fabricate explanations and strategically deceive to avoid modifications during training. These findings highlight challenges in aligning AI systems with human values and ensuring their transparency and reliability.
Sourcetable Launches AI Spreadsheets With $4.3 Million In New Funding. The San Francisco based AI startup announced the launch of what it calls the world’s first “self-driving spreadsheet” this morning, alongside a $4.3 million seed round led by Bee Partners with participation from Hugging Face CTO Julien Chaumond, GitHub co-founder Tom Preston-Werner, and MongoDB Distinguished Architect Roger Bamford. That’s a big vote of confidence for a company going up against Microsoft Excel and Google Sheets.
“The idea of Vibe Filming started as a playful joke during a chat about Vibe Coding (prompt-based creation of 3D scenes and apps). But I kept thinking about it, and decided to make a quick film to express that feeling of creative freedom when ideas flow effortlessly into visuals through AI prompting,” says Creative Lead, GenMedia Research at Google DeepMind, Matthieu Lorrain. “Vibe Filming is what happens when you use AI video tools to turn vibes, ideas, or visual fantasies into short, expressive films, without scripts, crews, or production timelines. It’s about catching a feeling and watching it take shape. A new kind of creative flow for filmmakers, artists, and storytellers.”
This column is the script for the news portion of the author’s weekly podcast co-hosted by former Paramount futurist and co-founder of Red Camera, and Rony Abovitz, founder of Magic Leap, Mako Robotics, and Synthbee AI. This week our guest is Patty Rangel, Producer, Impact Investor, and Futurist. We can be found on Spotify, iTunes, and YouTube.
