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A new venture capital fund with deep ties to OpenAI has made its first close on its $100 million goal, the founders tell TechCrunch. The partners have already written a couple of checks. The fund is called Zero Shot (a play on the AI training term) and its co-founding team includes several OpenAI OGs who…
Glen Anderson has been brokering trades in private company shares since 2010, back when the number of institutional investors focused on the late-stage private market could be counted on two hands. Today, he says, there are thousands. As president of the investment bank Rainmaker Securities, which focuses solely on private securities markets and facilitates transactions…
For the better part of a decade, Whoop sold itself as a secret weapon for serious athletes. LeBron James was convinced to slap on the company’s fitness band in Whoop’s first year. Michael Phelps came soon after. Other Whoop wearers include Cristiano Ronaldo, Patrick Mahomes, and Rory McIlroy. The message to the public? The world’s…
Physical Intelligence, the two-year-old San Francisco robotics startup, is in discussions to raise about $1 billion in new funding at a valuation exceeding $11 billion, according to Bloomberg. The deal would effectively double the company’s $5.6 billion valuation in just four months. Founders Fund is set to participate with Lightspeed Venture Partners also in talks…
A federal judge has sided with Anthropic in its twisty legal battle with the Trump administration, awarding the tech company an injunction against the government’s recent order that labeled it a “supply chain risk,” the Wall Street Journal reports. On Thursday, Judge Rita F. Lin of the Northern District of California ordered the Trump administration…
David Sacks has used up his days as Donald Trump’s AI and crypto czar. Speaking with Bloomberg on Thursday, the longtime entrepreneur, investor, and podcaster, confirmed that his non-consecutive 130-day stint as a special government employee is over and that he’s moving on to co-chair the President’s Council of Advisors on Science and Technology (PCAST)…
This is one of those Silicon Valley real-life episodes that seems pulled from the HBO satire show. This week, some really atrocious malware was discovered in an open source project developed by Y Combinator graduate LiteLLM. LiteLLM gives developers easy access to hundreds of AI models and provides features like spend management. It’s a breakout…
Okay, so the U.S. and China are locked in an all-out race to build the most powerful AI on the planet. Beijing is throwing billions at homegrown models, tightening its grip on the tech sector, and watching nervously as its best AI talent gravitates to U.S. companies. Yet Manus — one of China’s most buzzed-about…
Andrew Ashur, the founder and CEO of window cleaning robot startup Lucid Bots, likes to joke that his company is the antithesis of the robotics industry right now. While many companies are trying to build humanoids or tout demos of their robots dancing and doing flips, Lucid Bots’ drones are out in the field making…
Emil Michael, who serves as a senior technology official at the Department of Defense, is back in the spotlight over the government’s ongoing battle with Anthropic, and a newly released podcast interview offers one of the most detailed looks yet into his thinking on that dispute — as well as an unguarded settling of old…