Sam Altman said he was peer pressured into accepting a Goldman Sachs internship offer while still in college, then turned it down and instead pursued Loopt and later Y Combinator.
He said Goldman’s intern class acceptance rate is now below 1%.
Now OpenAI is recruiting 100+ former investment bankers to train AI models for financial modeling and to automate junior-bank tasks, reflecting a shift toward AI-native finance roles.
Zvi (Don't Worry About the Vase)·2 months ago·
18
● 2 sources
The roundup author says hacking incidents involving OpenAI and other organizations pushed their posts to focus heavily on AI, exceeding their preferred mix of topics.
Thrive Holdings, an OpenAI-backed firm that embeds AI into acquired business workflows, raised $2B at a $12B valuation with investors including SoftBank and Altimeter.
The funding supports expanding a third platform for regulatory services for the built environment.
As a result, Thrive plans to apply its embedded AI approach beyond accounting and IT to help enterprises streamline compliance-related workflows across physical asset projects.
Cognition AI is in early talks to raise more than $1 billion at a valuation above $40 billion, less than three months after its prior $26 billion mark. The new round would target at least a $40 billion-plus valuation. Its repricing would take its valuation to over 50% higher while its annualised revenue run rate nears $1 billion, and it would shift investors’ expectations as competition among AI coding agents intensifies.
Pakistan ran a large trial of JudgeGPT, a custom generative-AI tool for judges, and found it increased the number of cases resolved without an obvious drop in judgement quality. Trained judges were associated with a 6.3% rise in resolved cases after JudgeGPT use. The results led to emphasis on retrieval-based source linking and targeted training to improve accuracy and reduce inappropriate reliance on the tool.
Researchers showed that hidden, encrypted step-by-step reasoning from OpenAI, Anthropic, and Google models can sometimes be replayed and decrypted via weaker sibling models in the same provider, enabling recovery of private traces. Across 315,320 public reasoning blocks, they recovered 367 pieces of personal information and 182 credentials. OpenAI, Anthropic, and Google were notified before publication and changed their systems, and the findings highlight a new defense need for encrypted reasoning traces moving across models, apps, sessions, and users.
Accel raised $800m for its ninth Europe and Israel early-stage venture fund, and also raised $2.7bn across three other funds. The new Europe and Israel fund is $800m. This increases Accel’s early-stage capacity in Europe, with AI highlighted as a top focus for the fresh fund’s investments.
OpenAI employees can email friction@openai.com to report internal bottlenecks that leadership may escalate to CEO Sam Altman or President Greg Brockman for immediate resolution.
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