Venture Capital Industry News
A collection of Venture Capital latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Minnesota prohibits prediction markets, promptly gets sued by Trump admin
The Trump administration yesterday sued Minnesota in an attempt to block the first state law that prohibits prediction markets. While other states imposed restrictions on prediction markets, Minnesota banned them outright in a law signed by Gov.
What the SpaceX IPO means for markets
The SpaceX IPO is set to reshape the stock market. Elon Musk's rocket company filed paperwork for its long-awaited offering on Wednesday, set to list on Nasdaq under the ticker SPCX. The S-1 filing is the first look inside the company's finances…
PayPal Cofounder Luke Nosek Revealed As Billionaire, Per SpaceX's IPO Prospectus
The SpaceX board member and longtime partner of Peter Thiel joins the three-comma club thanks to his stake in Elon Musk's rocketmaking giant. SpaceX took another big step toward going public on Wednesday with the filing of its IPO prospectus. Among…
Hark raises over $700 million in Series A funding at a $6 billion post-money valuation to scale its AI foundation models and custom hardware · Digg
Today we're excited to announce over $700 million in Series A funding to accelerate our ambitions to realize a generational leap in computing. Hark is an AI lab building the most advanced, personal intelligence in the world. We're pairing our own…
Hark raises $700M Series A for its secretive 'universal' AI interface
What will it take to launch the first must-have AI consumer product? Maybe $700 million. At least according to Hark, an AI lab building models and hardware for an AI personal assistant, which said on Thursday that it had raised that much in a…
Biotech Insider Sounds the Alarm on His Industry
The U.S. biotechnology industry is healthier than it has been in years—stock prices and mergers and acquisitions are surging and companies are making breakthroughs in diseases, such as pancreatic cancer, that once seemed intractable. Yet the…
Nvidia's record results fail to impress investors
Shanaz Musafer Business reporter Chip giant Nvidia reported yet another record quarter with sales and profits beating expectations, seemingly suggesting there's no slowdown in sight for the artificial intelligence (AI) boom. Nvidia is a central…
Bugcrowd launches reinforcement learning environments to train AI on real software vulnerabilities
Crowdsourced cybersecurity company Bugcrowd Inc. today launched Reinforcement Learning Environments, a new offering that lets frontier artificial intelligence labs train models on real vulnerable software rather than synthetic test data. The…
Is The Bond Market About To Break Washington
The bond market is beginning to force reality onto Washington, and it may ultimately force an end to the Iran war long before politicians or diplomats are willing to admit it. For months, investors have focused on missiles, retaliation headlines…
Lawmakers scrutinize prediction market oversight
Key takeaway: Lawmakers questioned whether prediction markets should be regulated by the Commodity Futures Trading Commission or whether oversight should fall to state regulators. Expert quote: 'The CFTC has literally no experience in regulating…
Syndicate Labs Shuts Down After Ethereum Rollup Market Shift
Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for rollups. The company said on Thursday on X that the decision was…
The good and bad of bike company going bust - Opinion
Various bicycles are parked at a subway entrance in Shenzhen, Guangdong province, April 4, 2017. [Photo/VCG] Until recently an elite member of the bicycle-sharing business (next only to Mobike and Ofo), Bluegogo has, many say, met its Waterloo…
Better secure deposits for bike use - Opinion
China Daily | Updated: 2017-12-06 08:00 SHORT-HIRE BIKE GIANTS MOBIKE AND OFO have dismissed reports accusing the two of misappropriating the deposits riders pay to use their dockless, GPS-enabled Mobike and Ofo bikes. Thepaper.cn commented on…
Maka Kids is redefining kids' screen time with a streaming app optimized for well-being, not engagement
In a media landscape dominated by Baby Shark and Skibidi Toilet, one startup is reimagining children's media by focusing on well-being, not watch time. Maka Kids is building a streaming app for children ages zero to six featuring content designed…
How the wealthiest families invest: CNBC and Addepar launch Family Office Portfolio Tracker
CNBC has teamed up with Addepar to provide a quarterly snapshot of family office portfolios. Addepar's data includes the portfolios of hundreds of family offices, representing a total of $1.4 trillion in assets. In first quarter, the Family Office…
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