OpenAI CEO Sam Altman voiced concerns over the EU's planned AI Act, stating that his startup would "try to comply, but if we can't comply, we will cease operating" - Link
The Information sources: OpenAI closed a $175.3M fund to invest in other startups, surpassing its initial goal by 75%; the fund has 14 LPs, and OpenAI has already invested in >12 companies, with plans for a second fund underway - Link
Nvidia shares were up as much as 30% after reporting Q1 earnings, including $11B revenue guidance for Q2; Q1 results: revenue: $7.19B (+19% q/q, -13% y/y), net income: $2B (+44% q/q, +28% y/y) - Link
Snowflake shares fell >16% after lowering its revenue guidance in its Q1 earnings: revenue: $623.6M (+48% y/y); net loss: -$225.6M; Snowflake beat on top and bottom lines and announced it was acquiring AI search startup Neeva - Link
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Galileo AI's Arnaud Benard joins Jason to demo their text-to-UI platform before discussing the AI startup scene in Silicon Valley (3:47). Then, Lunour's Scott Bair gives a presentation on how to design loved products from rough wireframes to a polished design (34:17). - Link
Tools for Humanity, the startup behind the iris-scanning crypto project Worldcoin, raised a $115M Series C led by Blockchain Capital to scale globally - Link
Microsoft filed an appeal against the UK antitrust regulator's decision to block its $69B acquisition of Activision Blizzard; the EU has approved the deal - Link
Elementl, a data pipelining platform based on the Dagster orchestrator, raised a $33M Series B led by Georgian - Link
Satellite Vu, a UK-based startup building a satellite system to track global thermal emissions, raised a $15.8M Series A led by Molten Ventures; the satellites are slated to launch in June aboard a SpaceX Falcon 9 - Link
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