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After a year of frenzied dealmaking and rumors of an upcoming IPO, the financial scrutiny into OpenAI is intensifying. Leaked documents obtained by tech blogger Ed Zitron provide more of a glimpse into OpenAI’s financials — specifically its revenue and compute costs over the past couple of years. Zitron reported this week that in 2024,…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US spot Bitcoin exchange-traded funds (ETFs) saw $866 million in outflows as the US government shutdown ended, pushing BTC to a six-month low and…
Legal AI might not sound like the sexiest category in Silicon Valley, yet Harvey‘s CEO Winston Weinberg has captured the attention of virtually every top-tier investor in the Valley. The company’s backers read like a who’s who of venture capital: the OpenAI Startup Fund (its first institutional investor), Sequoia Capital, Kleiner Perkins, Elad Gil, Google…
If there’s one thing that VCs agree on when backing AI startups, it’s that AI requires a different investment approach than prior technological shifts. “It’s a funky time,” said Aileen Lee, founder and managing partner of Cowboy Ventures, onstage at TechCrunch Disrupt 2025. The longtime VC noted that the rules of investing have significantly shifted…
Microsoft is taking a page from OpenAI’s playbook, literally. Bloomberg first reported that the tech giant plans to leverage its partner’s custom chip development to bolster its own struggling semiconductor efforts, a move that looks increasingly pragmatic given Microsoft’s lackluster performance compared to rivals like Google and Amazon. The arrangement is straightforward: OpenAI is designing…
Figma is expanding its presence in India by setting up a local office and hiring Indian talent as it seeks to deepen ties with one of its largest user communities and make a broader push to better win over developers alongside the designers who already rely on the platform. Founded in 2012 by Dylan Field…
The U.S. is far ahead of Europe in the race for large AI models — but the picture is different for the application layer, with emerging category leaders such as Lovable and Synthesia. That’s the conclusion made by global VC firm Accel in its 2025 Globalscape report, which focuses on the AI and cloud market….
Masayoshi Son isn’t known for half measures. The SoftBank founder’s career has been studded with eyebrow-raising bets, each one seemingly more outrageous than the last. His latest move is to cash out his entire $5.8 billion Nvidia stake to go all-in on AI. And while it surprised the business world on Tuesday, it maybe should…
People often think about tech bubbles in apocalyptic terms, but it doesn’t have to be as serious as all that. In economic terms, a bubble is a bet that turned out to be too big, leaving you with more supply than demand. The upshot: It’s not all or nothing, and even good bets can turn…
January Ventures co-founder Jennifer Neundorfer stopped by the Equity podcast during TechCrunch Disrupt to chat about fundraising in this very AI-driven market. Founders and investors alike are obsessed with AI, and even Neundorfer said her firm is looking at ways to use AI to make their work more efficient, such as helping to do due…