OpenAI has closed a $40 billion funding round, a record for a private tech firm. The infusion gives the nine-year-old San Francisco startup a $300 billion valuation making it the second most richly apprised private firm in the world, second only to SpaceX at $350 billion and tied with ByteDance, according to CNBC. The round was led by SoftBank Group contributing $30 billion, which likely gives the Japanese holding company the second largest stake, after Microsoft, which is said to have received a commitment for 49 percent of any profits in exchange for nearly $14 billion. Continue reading OpenAI Closes the Largest Private Tech Funding Round Ever

VSN Mobil has begun shipping its $399 V.360, billed as “the first device to capture 360 degrees of video or still images with a 4K/16 megapixel imager in full 1080p high definition.” The camera, currently available via Amazon and VSN Mobil’s store, could become the GoPro of panoramic video, an emerging market sector growing in popularity amongst manufacturers. The V.360 joins a variety of panoramic offerings, including the 360cam, the Bublcam, the Centr, the Giroptic and the Panono. Continue reading VSN Mobil Device Joins Crowded Field of Panoramic Cameras

Apple has reportedly acquired social media analytics firm Topsy Labs for more than $200 million. Topsy is one of four Twitter partners with access to the social network’s full stream of tweets, currently averaging about 500 million messages per day. The firm then analyzes the information and resells it to customers. Topsy markets itself as a global trendspotter and has helped Hollywood studios predict box office demand for movies based on social chatter. Continue reading Apple Goes Social with $200 Million Purchase of Topsy Labs