OpenAI’s Converge 2 program has been shrouded in mystery
Despite finishing, OpenAI's Converge 2 went quiet, unlike Converge 1, raising questions and speculation among applicants and industry observers.
OpenAI's Converge 2 accelerator program has been characterized by an unusual level of secrecy. Unlike the first cohort, where selected startups were publicly announced, Converge 2 has not released any information about participating companies, sparking confusion and speculation among applicants and industry observers.
Despite this lack of communication, sources confirmed that Converge 2 did take place and that the OpenAI Startup Fund made investments in participating startups. Founders and interested parties have expressed their frustration over the lack of transparency, which contrasts with the more open nature of Converge 1.
Amid these developments, OpenAI continues to garner significant market attention, with the company reportedly seeking a valuation of $100 billion. Changes in leadership at the OpenAI Startup Fund, including the replacement of Sam Altman with Ian Hathaway, have not slowed down the fund's investment activities. Various startups funded by the program have been noted, such as AI chatbot Heeyo and wellness company Thrive AI Health.