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OpenAI's $200 Christmas gift

 OpenAI is introducing a premium subscription tier for its ChatGPT service and officially rolling out its "reasoning" model series with an updated release. The o1 model, which debuted as a limited preview in September under the codename "Strawberry," is now being launched in its full version to replace the preview. Starting today, this updated model will be accessible to ChatGPT Plus and Team subscribers, with availability expanding to Enterprise and Edu users next week. As part of its updates, OpenAI is launching ChatGPT Pro, a new subscription plan priced at $200 per month. This plan offers unlimited access to OpenAI o1, GPT-4o, and Advanced Voice Mode. It also features an exclusive version of o1, known as "o1 pro mode," which leverages additional computational power to tackle complex problems with high accuracy. The existing ChatGPT Plus tier, priced at $20 per month, will remain available, providing early access to new features and models—excep...
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Salesforce doubles down on AI

 Salesforce Doubles Down on AI Investments

Salesforce Ventures, the investment arm of cloud software giant Salesforce, has significantly increased its commitment to artificial intelligence (AI) by launching a new $500 million AI fund. This brings their total investment in AI-focused startups to a staggering $1 billion in just 18 months.

This latest fund builds upon their initial effort announced in March 2023, a $250 million generative AI fund targeted at promising startups in that specific field. Those initial investments included companies like Anthropic, Cohere, Hearth.AI, and you.com.

The decision to double down on AI investments reflects the growing importance of this technology across various industries. Despite a general slowdown in venture funding in August, AI remained a bright spot, attracting a significant portion of total funding (around 24% or $4.3 billion) according to Crunchbase data.

Salesforce Ventures has been actively participating in this trend, with over 10 recent investments in AI-related companies including Ensemble AI and Protect AI.

Insight Partners Announces New Fund

In separate news, private equity firm Insight Partners is nearing the closing of a new multi-billion dollar fund. While originally aiming for over $10 billion, the Financial Times reports the final size will likely be closer to $12 billion.

This news follows a successful exit for Insight Partners with the sale of threat intelligence company Recorded Future to Mastercard for $2.65 billion. This represents a significant return on their 2019 investment of $780 million.

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