🤖 OpenAI’s $103 Billion Valuation?!

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Welcome back AI enthusiasts!

In today’s AI Report:

• 🎮AI Creates DOOM Video Game

• 💵OpenAI’s $103 Billion Valuation?!

• 🧙‍♂️Magic’s New 100 Million Context Window

• 🛠5 Trending Tools

• 💰Venture Capital Updates

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

GOOGLE DEEPMIND

🎮AI Creates DOOM Video Game

Google DeepMind researchers developed “GameNGen,” an AI-powered game engine that generates interactive video game environments.

Key Details:

• Video games are manually written around the following Game Loop:

  1. Gather User Inputs

  2. Update Game State

  3. Render It to Screen Pixels

• This Game Loop creates the illusion of an interactive virtual world for the player.

• However, the hardware just emulates the manually written video game software.

• “GameNGen” can create entirely new video game worlds in real-time tailored to each player’s decisions, including levels, characters, and gameplay mechanics.

• “GameNGen” can interactively simulate the classic video game DOOM at over 20 frames per second on a single Tensor Processing Unit (TPU).

Why It’s Important:

• “GameNGen” is the first AI-powered game engine to generate playable video games in real-time without any underlying manually written software.

• It can theoretically generate infinite video game worlds, ensuring there’s always something new to explore.

🚨Watch Google DeepMind’s “GameNGen” gameplay here.

OPENAI

💵OpenAI’s $103 Billion Valuation?!

OpenAI is reportedly raising a new funding round that would value the startup at more than $100 billion.

Key Details:

• Private documents show that OpenAI shareholders plan to sell their shares at a fixed price to outside investors, which would value the startup at $103 billion.

• Thrive Capital is leading the new funding round and will invest $1 billion.

• Tech Giant Microsoft also plans to participate in the new funding round.

• It’s important to note that investors don’t own any private equity since OpenAI is technically a non-profit organization.

• In 2019, OpenAI transitioned from a non-profit structure to a “capped profit” framework called OpenAI LP to “raise investment capital and attract employees with startup-like equity.”

• Microsoft currently holds a 49% stake in OpenAI, having invested $13 billion into the startup since 2019.

• OpenAI’s annualized revenue (i.e., how much money a startup expects to earn over a year) reportedly surpassed $3.4 billion earlier this year.

• However, OpenAI is projected to lose nearly $5 billion by the end of this year and has already spent over $8.5 billion on training AI models.

Why It’s Important:

• AI startups continue to attract investors despite reporting relatively small earnings. @edzitron posted on X: “OpenAI will have to raise more money than has ever been raised to survive.”

• What’s OpenAI’s main revenue stream? Is it subscriptions, renting access, or strategic partnerships?

🩺 PULSE CHECK

AI RESEARCH

🧙‍♂️Magic’s New 100 Million Context Window

Magic is an AI startup building safe Artificial General Intelligence (AGI) to accelerate humanity’s progress in solving the world’s most critical problems.

Magic’s new Long-Term Memory (LTM) AI model, “LTM-2-Mini,” boasts a 100 million context window. That’s 10 million lines of code or 750 novels.

The bigger an AI model’s context window, the more information it can process in a given prompt.

“LTM-2-Mini” requires 1,000X less compute and memory than Meta’s Llama 3.1 405B.

🛠TRENDING TOOLS

⚙️AgentOps tests and debugs AI agents.

💨Matrices is the spreadsheet that fills itself.

📦Didero automates your most common workflows.

📚Unriddle reads, writes, and reviews research papers.

📈UpTrends alerts you about market trends that impact your stock portfolio.

🔮Browse our always Up-To-Date AI Tools Database.

💰VENTURE CAPITAL UPDATES

• WethosAI secures a $7.5M Seed Fund to offer AI-powered behavioral insights.

• MagicDev lands a $320M Fund Round to scale frontier-scale AI models for coding.

• BlandAI raises a $16M Series A to automate enterprise phone calls with hyper-realistic AI agents.

💼WHO’S HIRING?

• IBM (Austin, TX): Back End Developer Intern, Summer 2025

• Palantir (Palo Alto, CA): Software Engineering Intern, Summer 2025

• CISCO (San Francisco, CA): Full Stack Engineer Intern, Summer 2025

• ScaleAI (San Francisco, CA): Software Engineering Intern, Summer 2025

• NVIDIA (Santa Clara, CA): Research Engineer, Generalist Embodied AI Agents, New College Grad 2024

🤖PROMPT OF THE DAY

ACCOUNTING

📊Depreciation and Amortization

Develop a detailed report outlining the Depreciation and Amortization accounting practices for [Business] with [Product/Service] in [Industry] with [Target Audience] and [Budget Size].

Detail how these accounting practices spread out the cost of an asset over its useful life.

Business = [Insert Here]

Product/Service = [Insert Here]

Industry = [Insert Here]

Budget Size = [Insert Here]

📒FINAL NOTE

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