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Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment…
Christine Hunsicker, founder of the fashion startup CaaStle, turned herself in to authorities Friday to face fraud charges, authorities confirmed to Bloomberg. The U.S. Attorney for the Southern District of New York unsealed an indictment against her, charging her with wire fraud, securities fraud, money laundering, aggravated identity theft, and lying to financial institutions. She…
After former Intel CEO Pat Gelsinger capped off a 40+ year career at the semiconductor giant in December, many wondered where would Gelsinger go next. On Thursday, the former Intel CEO revealed one piece of his next chapter: trying to ensure AI models support a flourishing humanity. In partnership with a “faith tech” company he…
Apple’s head of AI models, Ruoming Pang, is leaving the company to work at Meta, Bloomberg reported on Monday. This marks the latest high-ranking AI executive Meta CEO Mark Zuckerberg has scooped up to lead his new AI superintelligence unit. Pang previously ran Apple’s in-house team that trained the AI foundation models that underpin Apple…
ICEBlock, an iPhone app that allows users to anonymously report sightings of U.S. Immigration and Customs Enforcement (ICE) agents, has rocketed to one of the coveted top spots in Apple’s U.S. App Store rankings. The upshot: Criticism from U.S. Attorney General Pam Bondi helped get it there. Most of ICEBlock’s users — about 20,000 —…
Halogen Ventures closed a $30 million Fund III to invest in early-stage startups building in the “future of family,” as reported first by Fortune. The firm was founded in 2015 by Jesse Draper, the daughter of famed venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial…
The VCs, pod bros, and self-proclaimed “besties” of the All-In Podcast launched their own tequila brand Saturday night and it promptly sold out, according to liquor e-commerce sites. Their version of the Mexican spirit cost a jaw-dropping $1,200 per bottle, but only 750 bottles were made. The stacked poker-chip container was inspired by the “besties’”…
Abridge, an AI startup automating medical notes, has secured a $300 million Series E at a $5.3 billion valuation, according to the Wall Street Journal. The round, led by Andreessen Horowitz with participation from Khosla Ventures, follows the company’s $250 million February fundraise at a $2.75 billion valuation. The 7-year-old Abridge is widely considered to…
Mark Zuckerberg’s AI talent hiring spree continues. In recent months, Meta tried to acquire Safe Superintelligence, the $32 billion AI startup co-founded by OpenAI’s former chief scientist, Ilya Sutskever, according to a report from CNBC on Thursday. Sutskever ultimately turned Meta down, according to CNBC, but the company is now in talks to hire Safe…
For some tense minutes on Wednesday, X users were surprised to see one of those crypto “airdrop” posts on Andreessen Horowitz’s blue check-marked account. A second tweet said that $5 million had already been given away. That account has 851,000 followers. A member of a16z’s crypto team saw the tweet and immediately posted a warning…