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🗞️Diversity and inclusion news🗞️
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👀It's this week👀
The Biggest DEI news is that Europe's biggest event celebrating the intersection of innovation and culture is here - BTF
Get your ticket if you don't have one( it's on even after work and we have free tickets so there is no excuse) so we'll just assume you don't like us 😅
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🧠Things that make you go hmmm🧠
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💸The largest VC round of all time💸
OpenAI hit the milestone with the largest VC round of all time this week announcing it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money.
The lead investor was Thrive Capital who had followed on and also saw Microsoft, Nvidia, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, and the UAE government via its fund MGX
The new cash brings OpenAI’s total raised to $17.9 billion, according to Crunchbase. As part of the round, OpenAI also secured what has to be one of the biggest credit line's we've ever heard of with access to over $10 billion in liquidity
OpenAI has spent around $7 billion on model training and $1.5 billion on staffing according to The Information with CEO Sam Altman himself saying GPT-4, cost more than $100 million to train.
Such sums lead folks to calculate that ChatGPT was costing OpenAI $700,000 a day to run.
So what?
So big we had to tell you about it. The only Private tech companies valued more than Open AI are
Bytedance (Owners of TikTok) and Space X. And to think currently its founder and CEO owns no shares 👀
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📈 The tools behind the tech📉
📦Product📦
📏Design📏
👩🏿💻Code👩🏿💻
🏢The business behind the tech🏢
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🌐Partner Events & Opportunties 🌐
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💸ARM jobs💸
Senior Manager - TA Systems & Data
"The individual will be responsible for maintaining data integrity and providing informative reporting for our team and partners. You will be part of the Talent Acquisition Engagement and Experience team who act as the Centre of Excellence, uplifting capability and performance across the Talent Acquisition landscape at Arm."https://link.colorintech.org/armta0924
Director of External Workforce Solutions"This role will lead all aspects of the end-to-end recruitment process for
temporary, contract and freelance positions, ensuring Arm attracts top talent across all regions. The successful candidate will possess a deep understanding of the contingent labor market, strong leadership skills, and will drive operational excellence in a multifaceted and fast paced environment!"https://link.colorintech.org/armdirector0924
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🙌🏾The latest from the Colorintech team🙌🏾
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