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The Latest Breaking News from Y Combinator

‘We Got Very Close to Not Starting OpenAI’: Sam Altman Almost Passed on AI, Says It Was a ‘Pipe Dream’ that ‘Sounded Crazy’

A pivotal decision by Sam Altman to pursue artificial general intelligence (AGI) led to the founding of OpenAI, shaping today’s AI landscape.

Barchart

$200 Million US Defense Contract: OpenAI's Big Win as Microsoft Tensions Escalate

Sam Altman has signed a contract allowing the US Defense Department to access custom AI models for 'national security' purposes, amid tense negotiations between OpenAI and Microsoft.

International Business Times UK

Plans to shrink particle accelerators by 1,000x could speed chipmaking by 15X - Inversion Semiconductor proposes 'tabletop' particle accelerators with petawatt lasers

Inversion Semiconductor, a 2024 startup backed by Y Combinator, aims to develop a compact, LWFA-based light source that 10 times more powerful than ASML's current EUV light sources while also targeting even shorter wavelengths.

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How CEO Drew Houston is ‘rebuilding Dropbox for the modern era’

"I want to be building things like Dash that sort of make Dropbox 1.0 look like a footnote," Houston told Fortune.

Fortune

This YC-Backed AI Assistant Makes Excel Way Easier

Excel is one of the most used tools and a source of frustration for many professionals. However, this tool from Y Combinator, Carousel, aims to tackle

Geekflare

This Y Combinator-Backed AI Startup Can Replace Your Intern

We all hate repetitive tasks that we have to do on a daily basis. But this Y Combinator-backed AI startup called Tessa Workflows wants to eliminate that

Geekflare

Domu’s Meteoric Rise: How Camila Zancanella Built an AI Powerhouse from Scratch

While many AI startups struggle to find their footing, a once-small startup called Domu has grown from a six-person team into a multi-million-dollar business. In just two years, it has achieved what few others have: rapid, revenue-driven growth.

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"There's no evidence scaling laws have begun to stop": Former Google CEO claims AI systems will be 100 times more powerful, leading to new warfare challenges — as Sam Altman reportedly preps for a $1 trillion AI model training run

Former Google CEO Eric Schmidt claims no evidence shows the scaling law has begun, stunting the development of advanced AI models. He says AI models will scale great heights leading to dangers such as cyberattacks and new forms of warfare.

Windows Central

Sam Altman’s decade-old investment in Reddit is now worth over a billion dollars

Altman has known the Reddit founders since they were in the first class at Y Combinator, the famed startup accelerator he would go on to lead.

Fortune

‘Founder mode’ startup guru Paul Graham explains why he’s not backing Trump: ‘He ran the White House like a mob boss’

Y Combinator cofounder Paul Graham calls Trump a "crook" who cannot be trusted with the nation's highest office.

Fortune

For AI agent startups, deal count is up 81.4% year over year, says PitchBook

Per PitchBook, YC is the leading investor in LLM agents, by all-time number of investments. In the trailing 12 months, there have been 156 deals in the space.

Fortune

‘Founder mode’ vs. ‘manager mode’: Here’s what the 22 Fortune 500 companies still run by founders tell us

Founders do indeed deliver outsize stock performance—but there’s a big caveat.

Fortune

Why Paul Graham’s ‘founder mode’ became a rallying cry

Companies can be run in two ways, “founder mode” and “manager mode,” Y Combinator cofounder Paul Graham wrote, citing a recent talk by Airbnb cofounder Brian Chesky as his inspiration.

Fortune

Startup guru Paul Graham delivers scathing rebuke of Silicon Valley's conventional wisdom about founders

"VCs who haven't been founders themselves don't know how founders should run companies, and C-level execs, as a class, include some of the most skillful liars in the world."

Fortune

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Fortune

Y Combinator’s first bet on weapons eyes a U.S.-China war and SpaceX playbook

“The DOD needs smaller, less expensive cruise missiles, and lots of them! But no one has delivered on that promise yet.”

The Guardian - UK

OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid

Sam Altman’s ChatGPT promises to transform the global economy. But it also poses an enormous threat. Here, a scientist who appeared with Altman before the US Senate on AI safety flags up the danger in AI – and in Altman himself

Fortune

A post about Kamala Harris pushed a long-simmering feud between tech execs into the open

A politically charged mention of “coups” brought back accusations that David Sacks ousted Parker Conrad from his own startup.

Fortune

It's AI's "Sharks vs. Jets"—welcome to the fight over California's AI safety bill

The bill aims to regulate the development and use of the most powerful AI models. Critics say it will stifle innovation.

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Fortune

Exclusive: Wholesale marketplace unicorn Faire elevates CFO Lauren Cooks Levitan to president

Since its launch in 2017, the startup has raised over $1 billion from investors such as Sequoia Capital, Founders Fund, Y Combinator, Khosla Ventures, and Lightspeed Venture Partners.

International Business Times UK

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.

Fortune

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.

International Business Times

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.

TechRadar

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.

The Guardian - US

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

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