In other news, Waymo, Alphabet's driverless car company, has expanded its service to Los Angeles, and OpenAI President Greg Brockman has returned to the company after a three-month leave. Enterprise AI startup Writer has raised $200 million at a $1.9 billion valuation. AI executives and investors are expecting the new Trump administration to ease the process of building and selling AI startup companies.
Key takeaways:
- Several big chip companies are finalizing deals under the 2022 CHIPS Act, with the Biden Administration rushing to complete subsidy contracts with giants like Intel and Samsung before the Trump administration takes over.
- Waymo, the driverless car company owned by Google parent Alphabet, is now open for business to anyone in Los Angeles, expanding its service from downtown L.A. to Santa Monica.
- OpenAI President Greg Brockman has returned to the company after a three-month leave, working with CEO Sam Altman on creating a new role for him to focus on significant technical challenges.
- Writer, an enterprise AI startup, has raised $200 million at a valuation of $1.9 billion, with the new influx of cash helping the company to expand its scope beyond helping companies to swiftly create blogs, summaries and product descriptions.