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OpenAI Provides $60M Seed Round for Opal
August 9th, 2024
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Read Time: 10 Minutes
Today’s Menu
OpenAI Bets Big on Webcams
Ripple’s Legal Win and Japan’s Bitcoin Gamble Shake Crypto Markets
Markets
Price | 1 Day Change |
---|
S&P 500 | 5,257 | .24%↑ |
---|---|---|
Bitcoin | $60,357 | 1.3% ↑ |
Ethereum | $2,592 | .1% ↑ |
Solana | $146 | .6% ↑ |
TODAY IN AI
OpenAI Bets Big on Webcams
In a surprising move, OpenAI has led a $60M funding round for Opal, a startup known for its high-end webcams aimed at YouTube creators. This investment suggests a shift in OpenAI's strategy, hinting at potential AI integration in everyday hardware.
While details remain unclear, the collaboration could lead to AI-enhanced webcams or even new AI-powered devices.
This move aligns with broader trends: OpenAI's growing interest in AI-first devices, and its recent deal with Apple to make ChatGPT more accessible on iPhones, signal a deeper push into consumer hardware.
I’ve been experimenting a lot with cameras, mics, and video editing software lately to help get my YouTube channel off the ground.
As far as I’m aware, none of the major camera companies (I.E. Sony, Canon, Nikon) are using AI inside their cameras. If there was a way to use AI to build in a lot of the editing (like subtitles, music, removing filler words) that would be valuable to a lot of smaller scale content creators who don’t have editors.
Today In Crypto
Ripple’s Legal Win and Japan’s Bitcoin Gamble Shake Crypto Markets
Bitcoin remained stable during the European morning, trading just above $57,000, up 0.2% in the last 24 hours. The broader digital asset market showed similar calm, with the CoinDesk 20 Index up 0.6%.
However, XRP surged nearly 20% after Ripple’s legal battle with the SEC reached a settlement, though the SEC is expected to appeal, possibly prolonging the legal saga.
Meanwhile, Japanese firm Metaplanet secured a $6.8 million loan to buy more bitcoin, adopting it as a reserve asset. Brazil’s markets regulator approved a Solana-based ETF, marking a significant step for crypto investment products in the region.
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