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Last year, OpenAI announced the OpenAI Startup Fund , a tranche through which it and its partners, including Microsoft, are investing in early-stage AI companies tackling major problems. The investment values Mem at $110 million post-money and brings the startup’s total raised to $29 million.
For the longest time, a lot of the most interesting innovations have been focused on so-called “knowledgeworkers” — those who typically get salaries, use computers and desks, and might well be paid much higher overall. Hourly workers, however, have come into focus more recently for a number of reasons.
We talk a lot these days about the future of work and the proliferation of new and better tools for distributed workforces, but companies focused on developing fleet management software — even if they have not really been viewed as “tech startups” — have been working on this problem for many years already.
A lot of the focus in online education — and, let’s face it, education overall — has been about professional development for knowledgeworkers, education for K-12 and how best to deliver cost-effective, engaging higher learning to those in college and beyond. Looked at on a wider scale, this is actually a big problem.
It’s been built for what Huffman thinks is the future: digital knowledgeworkers, a term he uses to describe independent tech workers who freelance for different companies or gigs. The early adopters are independent workers who want to work or advise for a product team.
OpenAI cofounder Andrej Karpathy posted on X that Grok 3 exhibited sharp reasoning skills and was able to resolve some complex problems. AI labs are only now learning how to scale up the computing power that thinking models use after being presented with a problem. Flash Thinking. Brookings, a D.C.-based
But it’s reasonable to say that knowledgeworkers in particular devote a sizeable chunk of their workdays to sifting through data, whether to find basic contact info or domain-specific files. “This growing problem was not only destroying productivity, but also sapping energy and detracting from the employee experience.”
But the problem, he said, was that although IBM did have internal job boards, it was hard to see how his expertise mapped on to the opportunities that were available. And that is before you consider the interface or any of the other aspects of user experience of using these tools.
The valuation of this round is not being disclosed, but I should point out that an investor told me that PitchBook’s estimate of $122 million post-money is not accurate (we’re still digging on this and will update as and when we learn more).
Stephen Downes points to a post by Tony Karrer with disagreeing with some points in about the value of blogging in Thomas Davenport's book Thinking for a Living: How to Get Better Performances And Results from KnowledgeWorkers. Perhaps the biggest problem for blogging is the time it takes to read and write blogs.
So one of the things that’s really interesting about that is you talked about how much money Netflix has to spend on content. Warner Media is going to spend all of AT&T’s money on content. Kind of at the basic level, YouTube doesn’t spend any money on content compared to the amount of content on YouTube.
I have had varied problems , from issues of software integration, video problems, wireless issues … The list is getting very long. On the Mac side, Apple controls the hardware, so there never is a problem with it. Most creatives and knowledgeworkers who are not developers. And, guess what? 7 admin 06.25.08
Our fund targets two primary themes: B2B vertical SaaS and SaaS-enabled businesses/marketplaces, and broadly what we call knowledgeworker tools — DevOps, cybersecurity and other typically product-led horizontal applications. What is happening in Miami now that you’re most excited to fund? New York is a great example.
As the world shut down in March 2020, anxious knowledgeworkers barricaded themselves at home, scrubbing produce with soap. But he thought, well, there are only three ways to get rich: inherit it, sell something with mass appeal, or get in between money moving. A lot of money was moving. Maybe this was his moment.
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