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AI Products

OpenAI tells investors third-quarter revenue reached $10 billion

OpenAI told investors Tuesday that third-quarter revenue rose nearly 50% to $10 billion, The Information reported, citing a source. The increase followed 17% growth in the second quarter, marking a rebound after a period of slower growth.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Capital Infrastructure
Capital Infrastructure

Tendrils raises $30 million for parallel processor development

Tendrils says it has completed a $30 million financing round led by Benchmark to develop a general-purpose processor built around thousands of cores operating in parallel. Other participants include Visionaries Club and the UK Sovereign AI Fund.

Security Capital
Security Capital

Daylight raises $80M Series B led by Goldman Sachs Alternatives

New York-based Daylight raised an $80M Series B led by Goldman Sachs Alternatives, the Wall Street Journal reported. Sources put its valuation at approximately $400M. Daylight provides managed security through a platform that pairs AI agents with human experts.