AI News – May 5
OpenAI gives up on making money Cursor is valued at a cool $9 billion Higgsfield is on fire with its new effects and Volanaut celebrate May the 4th in style. Here’s today’s AI news. OpenAI has made a big announcement about its corporate structure.
But just like their naming convention, it’s complicated. OpenAI had been pushing towards becoming a more typical ‘for profit’ business rather than the non profit style control that they currently have. This drew the ire of many people who love to point out the seeming hypocrisy of a company that has ‘open’ in its name wanting to be a profit led business producing closed Source software.
Today, OpenAI announced that the part of their business that had been profit driven is now set to become a Public Benefit Corporation or PBC. Last month OpenAI also announced that they were going to release their first open weights model for a few years. Maybe they are finally starting to be true to their name.
Cursor, the IDE for AI coding has become the leader in its field and today their value was given a number. In a new round of funding, they have secured $900 million of investment from Thrive Capital and Andreessen Horowitz. This puts the company’s current valuation at a staggering $9 billion.
Higgsfield have added even more effects to their already extensive library and they’re calling these additions a cinematic pack of high impact VFX. There are 10 new effects in total, including Thunder God, Invisible, Turning Metal and Set on Fire. Higgsfield are enabling creators to generate some truly incredible scenes with their tools.
And finally, it would seem like we owe Volonaut an apology. We dared to suggest that their original Air Bike video looked a little like it was AI generated. It was a compliment really. We couldn’t believe it was real, but it seems like it is real. And to really show off, they celebrated May the 4th by recreating the iconic speeder bike chase kitted out in full Scout Trooper uniform. We’ve never been so happy to be wrong.