Here's the two-hundred eighth issue of COSS Weekly, the global commercial open source (COSS) company category newsletter, brought to you every weekend by the team at OSS Capital, creators and stewards of COSS Community and Open Core Summit.
We deliver only the most fresh 😋 news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).
Last week saw $253M in funding announcements for Liquid AI and Latent Holdings, a rumored $9.5B round for Databricks, open source news from Gumroad, and more!
Enjoy!
💰 COSS Funding: $253M
- Liquid AI, scaling Liquid Foundation Models (LFMs), announced their $250M Series A led by AMD Ventures. Link
- Latent Holdings, a Bittensor company and validator, announced its founding $3M investment from OSS Capital. Link
- Databricks, the data lakehouse platform, is rumored to be finalizing a $9.5B round at $60B valuation led by Thrive Capital. Link
- JJ: "We are very excited to announce that @LiquidAI_ has raised $250 million led by AMD. Consider this a $2.5 billion + raise given Liquid is more than an order of magnitude more compute efficient than incumbent architectures ..." Link
- JJ: "Today I'm very excited and honored to announce that @OSSCapital has helped incorporate and is initially investing $3M in @LatentHoldings (unveiling now as you read this) as founding partner ... " Link
📚 COSS Content
Peer Richelsen --- oss/acc: "2 weeks away from 5M total bookings on cal.com (excluding self-hosters )" Link
JJ: "First slowly, then all at once. @openbb_finance" Link
JJ: "Important case to follow. I stand fully with Automattic. Requiring open source projects to act in ANY specific way is unconstitutional and violates free speech." Link
OpenBB: "Visualizing custom indicators in seconds with our AI Analyst Instead of spending time with complex custom menus, just ask our agent to pull the data you want and combine it however you prefer to visualize it --- whether it's a table or a chart. In a few seconds, you can create visualizations for ratios like XAU/BTC and use our agent to do additional research even using the web." Link
JJ: "So @planepowers is millions of users growing 25-30% MoM. This is as fast as @AravSrinivas's @perplexity_ai. Don't sleep on open source at the application layer." Link
Ventura Labs: "Ventura Labs Ep. 14 - Joseph Jacks Joseph Jacks (@JosephJacks_) is the Founder of OSS Capital (@OSSCapital) Timestamps: 3:13 - Introduction 4:12 - Exploring San Francisco and Multiverses 4:59 - From Baptist Roots to Diverse Upbringing 6:02 - Leisure Hydration Drinks 7:10 - Bittensor Conviction at 24 13:08 - Patience: Key to Success 16:12 - Decentralized AI and Value Creation 18:32 - Open Source vs Proprietary Tech 20:53 - Freedom and Wealth Creation 23:50 - Decentralized Definition of Intelligence 25:25 - Bitcoin as a Record System 27:12 - Shifting Definitions of Intelligence 30:56 - Challenges of Building on Bittensor 35:20 - Grasping Open Source Concepts 39:59 - Preserving Open Source Values 44:33 - Open Source for Value Creation 46:11 - Genetic Editing and CRISPR 48:53 - Building Real Communities 53:36 - Wisdom in Volatile Markets 55:18 - Bittensor's Future and Its Challenges 59:07 - Engagement with Founders 1:03:18 - Bittensor's Role in Open Source 1:08:45 - Incentives and Mining in Bittensor 1:11:26 - Bittensor in the Global Economy 1:21:10 - AGI and Human Intelligence 1:27:15 - Open Source and COSS Building" Link
JJ: "First time meeting MJ in person after what is probably thousands of messages, leading seed, selling company to @Shopify .." Link
rustdesk: "What's your most anticipated feature? github.com/rustdesk/rustd..." Link
Nacho: "Moving the entire office from FactSet to @openbb_finance. Mind boggling!" Link
W4 Games: "Here's something to celebrate! This year, W4 Games brought the #GodotEngine community closer than ever by sponsoring #GodotCon and other amazing meetups. Curious about the impact? Dive into the full story in our latest article! tinyurl.com/Year2024W4even..." Link
José Donato: "custom backends + @openbb_finance = pure magic experimenting now with templates so you can define how the dashboards should look like see how i organized different widgets from @coingecko and @DefiLlama" Link
Patrick Joyce: "Pretty surreal to see @ResearchHub covered in @Nature! Super proud that we're taking steps towards helping peer reviewers get paid for their time & effort" Link
Nithin Kamath: "The topic of reducing emissions from our software came up yesterday, and when I asked K about it, he said this." Link
JJ: "Thrilled to announce our latest founding superstar team member at @LatentHoldings --- Michael Trestman: heading up open source technical documentation for Bittensor. Michael brings us very extensive experience from @CockroachDB, @VMware / Pivotal and @FortePlatform. "I'm thrilled to share that I'm starting a new phase of my career as Head of Technical Documentation at Bittensor. We're building an open-source, decentralized foundation for the fair and democratic AI ecosystem the world needs to solve the global challenges of the 21st century. This exciting role brings together my life-long interest in the evolution of the mind, with my passion for technology that serves human interests over corporate profits." linkedin.com/in/michael-tre..." Link
WordPress.com: "State of the Word 2024 is almost here! Get ready for insights, updates, and a celebration of all things WordPress! When: Monday, Dec. 16th Time: 18:00 JST / 09:00 UTC Where: Live from Tokyo Node Hall But no FOMO here---we're streaming it live! Keep scrolling for the link details" Link
Sahil Lavingia: "We'll be open sourcing all of our projects in 2025. That includes @Gumroad, @Flexile, Helper, Iffy, and Shortest!" Link
TechCrunch: "Meta asks California AG to block OpenAI's conversion to for-profit tcrn.ch/4fhzk7A" Link
WordPress: "Not able to make State of the Word 2024 in Tokyo? We've got you covered! Tune in live from anywhere in the world on December 16th at 9:00 UTC to hear WordPress leaders discuss the platform's present and future. Watch the live stream here: youtube.com/watch?v=ySolP8... Don't miss this annual celebration of open-source innovation and community! #WordPress #StateOfTheWord" Link
💸 COSS Liquidity (M&A + IPOs)
No COSS Liquidity announcements this week.
🛠️ COSS Jobs
- 5,217 jobs and 328 companies hiring! Link
📊 $COSS - Public Markets
$COSS markets down 6.24% last week
Latest $COSS markets as of last Friday at market close, courtesy of Koyfin
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