🕶️ Historic revenue spike for OpenAI

Hi there! In today’s edition:

• Napping in the Office? Jeffrey Wang has sparked a debate about nap pods on X - sweet dreams! 🛏️

• OpenAI's revenue has increased significantly thanks to the launch of GPT-4 🤑🤑

• The U.K. has officially implemented new regulations for self-driving cars.

• There's now a Hollywood agency to help manage your AI likeness. Let your famous friends know! ☎️

• Check out our new video about startup funding, from starting a company to Series A, B, C, and D.
  
  Enjoy! 👇

Six bullets of updates

1. 🛺 Off-road autonomy heats up as Overland AI and Potential bag multi-million funding rounds, venturing into uncharted territories.

2. 🔹 Blue Origin completed its NS-25 mission, marking the return of crewed flights after nearly 2 years, and carrying six space tourists. 

3. 🚘 The U.K.'s new regulations for self-driving cars are now official. Fully autonomous vehicles could be on roads within two years.

4. 🖋️ The CFPB is suing SoLo Funds for allegedly deceiving borrowers with "digital dark patterns" and illegally taking fees.

5. 🔐 Ahead of the AI safety summit in Seoul, the U.K. expands its AI Safety Institute, established in November 2023, by opening a second location in San Francisco.

6. 🎥 Creative Artists Agency (CAA) partnered with AI tech company Veritone to offer a digital asset management solution.

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OpenAI's revenue soars on mobile devices

On May 13, the AI technology company launched its highly anticipated GPT-4o. With this release, the company's revenue increased like never before, specifically through downloads on mobile devices. Additionally, it significantly boosted the number of subscriptions to OpenAI's paid plan. The new model is free on the web, offering real-time text, voice, and video handling; however, for those with the ChatGPT app on their phones, the monthly cost is $19.99 for the ChatGPT Plus version. 

On mobile, the app saw a 22% increase on the launch day and has continued to grow significantly throughout the following week. Revenue of $900,000 three days after the launch nearly doubled the app's average daily revenue of $491,000.

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Startup Events and Deadlines

1. Propel24 | May 21 | Conference - Today!

2. How to close a Funding Round (it’s not just the pitch deck) | June 4 | Webinar

3. SaaStr Europa (London) | June 4-5 | Conference

4. South Summit: Madrid | June 5-7 | Summit

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These companies just raised money

1. ⚙️ CoLab secures $21 million in new funding for its collaborative engineering tools. 

2. 🖥️ Recall.ai, a Y Combinator-backed startup, raised $10 million in Series A, totaling over $12 million in funding.

3. 🧲 Magneto, dedicated to recruiting, gets a $7M seed round to boost its client base to 20,000 across Colombia, Mexico, Peru, and the US.

4. 🇲🇽 Mexican HR tech Worky secures $6M Series A, plans to boost product development, marketing operations, and team growth.

5. 🌎 Goodcarbon has secured $5.5 million in funding to make an impact in the carbon credit portfolios market.

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Should offices in Silicon Valley make space for nap pods?

To continue working productively, sleep is fundamental. That's the motto Jeffrey Wang follows, who just a few days ago, through X, announced that he would order nap pods for his startup and generated such an immense interest focus that even he didn't expect it. 

The implementation could become a more present part of the offices of startups that consider that taking a nap during work hours can positively affect their employees 🛏️

More and more companies dedicated to selling these pods are emerging, such as Metronaps, Restworks, and My Office Pods. There are universities and large companies that have adopted these nap options, but following Wang's comment on X, the call to attention also sparked the interest of startups. Read more!

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Need to know about funding? Watch and learn…