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The Latest Breaking News from Y Combinator

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

The Guardian - US

Garry Tan says founders ‘have to be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the big city

Y Combinator moved its headquarters out of Mountain View last year.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

ChatGPT 5 release date: what we know about OpenAI’s next chatbot as rumours suggest summer release

The company's most advanced chatbot forms part of its mission to replicate human intelligence

Evening Standard

Sam Altman quietly got $75M from the University of Michigan for a new venture capital fund earlier this year

Fortune discovered the investment into Hydrazine’s fourth fund via a Freedom of Information Act request.

Fortune

Sam Altman’s ousting from OpenAI could lead to even greater success: ‘You could parachute him into an island full of cannibals and come back in five years and he’d be the king’

Altman dropped out of Stanford, started a "failed" app, then turned it into a gig running Silicon Valley's top startup incubator.

Fortune

What you need to know about Emmett Shear, OpenAI's new interim CEO

OpenAI is bringing in the former head of Twitch as interim CEO just days after the company pushed out its well-known leader, Sam Altman, sparking upheaval in the world of artificial intelligence

The Independent UK

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OpenAI's meltdown: What to know about Sam Altman's ouster, the employee revolt, and Microsoft's plot twist

On Friday afternoon, the OpenAI board fired Altman, saying he has not been “consistently candid” with them. By early Monday morning, he’d been hired by Microsoft.

Fortune

Who is Sam Altman, as the CEO of OpenAI denies rape allegations made by sister?

This isn’t the only lawsuit Sam Altman is facing; he was sued by Elon Musk in 2024 for breaching his fiduciary responsibility

Evening Standard

'Ctrl Altman Delete': How Sam Altman was pushed out of the world's best-known AI business

Everything we know so far about Altman's shock departure

Evening Standard

Microsoft is giving some startups access to serious Nvidia AI power

Microsoft wants to get startups out of the door more quickly with free, high-performance AI hardware in the cloud.

TechRadar

3 takeaways from Y Combinator’s summer startup class

The accelerator’s Demo Day was all about A.I. startups—but a couple of other themes emerged.

Fortune

Paul Graham calls A.I. ‘the exact opposite of a solution in search of a problem’

A.I. "is turning out to be the missing piece in a large number of important, almost-completed puzzles," said the Y Combinator cofounder.

Fortune

Sam Altman: the OpenAI CEO leading the AI revolution

The launch of ChatGPT last November propelled OpenAI, and its co-founder and CEO Sam Altman, into the global spotlight.

The Week

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Fortune

Garry Tan breaks down the key metric in Y Combinator's new list of top startups

The accelerator's focus on net revenue is to "encourage people to build businesses of real, great value."

Fortune

Sam Altman has "enough money" but has other 'selfish' reasons for leading OpenAI

OpenAI CEO Sam Altman emphasized that he has no equity in the company and cares more about having an "interesting life."

Fortune

Paul Graham says remote work ‘does work initially,’ which is why it ‘fooled’ leaders who have since ‘changed their minds’

"Remote work does work initially, if you start with a system already healthy from in-person work," said the Y Combinator cofounder.

Fortune

Airbnb’s CEO and cofounder says the best advice he was ever given was ‘counterintuitive’ to what most people would tell you

One of Airbnb’s early investors taught Brian Chesky a valuable lesson that helped the company’s founders grow their business.

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news in one place.

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Fortune

Paul Graham on the one quality startup founders need

It isn’t obvious who has it, noted the Y Combinator cofounder, but it's why he bet on Airbnb despite his doubts about the concept.

Fortune

Accelerator interest spikes as VCs bulk up seed investing

Especially in A.I., Accelerators are seen as a way to get broad access to talent and tech.

Fortune

Sam Altman lists the startup rules OpenAI broke on its way to a nearly $30 billion valuation

“Don’t invest,” he told potential investors who said the ChatGPT maker was doing it all wrong.

Fortune

Airbnb's CEO says a $40 cereal box changed the course of the multi-billion-dollar company

Airbnb's founders had trouble convincing early investors that people would want to stay with strangers. Then a $40 cereal box helped change their minds.

Fortune

Sam Altman wants to give you crypto to scan your eyeballs. Can he get 8 billion people stare into a futuristic orb to prove they're not A.I. bots?

Inside the ChatGPT founder’s other venture, a crypto-powered sci-fi startup.

Asharq Al-Awsat

One of Silicon Valley's Top Banks Fails; Assets are Seized

Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a US financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week…

WEKU

Silicon Valley Bank failure could wipe out 'a whole generation of startups'

The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely. It remains unclear how much, if any, of depositors' money will be returned.

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