"A day before Siemiatkowski's post, tech billionaire Sam Altman announced that OpenAI had acquired io in a bizarre dispatch that reads more like a wedding website than a corporate press release."
"Sebastian Siemiatkowski's family investment company directed a staggering $5 billion into a portfolio of four AI startups, with a significant focus on an anonymous company."
Sebastian Siemiatkowski, founder of Klarna, directed $5 billion from his investment company into four AI startups, focusing heavily on an anonymous firm that was unveiled as io, a startup created by designer Jony Ive. This investment is part of a larger trend, as AI startups secured nearly $96 billion in funding last year. The more surprising twist came when OpenAI announced it acquired io for $6.4 billion, linking Siemiatkowski's secretive funding strategy to one of the most significant transactions in the AI sector.
Read at Futurism
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