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.
Controversial AI Music Generator Suno Says It Reached 2 Million Subscribers
The controversial AI music generator Suno surpassed 2 million paid subscribers, its co-founder Mikey Shulman said, and more than 100 million people have used it to create music despite mounting industry backlash and a “Say No to Suno”…
CNBC Daily Open: Nvidia's earnings beat and AI developments provide some respite for markets
Thrive Capital pumped about $1 billion into OpenAI. Nvidia and Oracle lifts U.S. markets. Big Tech to sign pledge on data center power costs. Samsung launches third “AI phone” series. PRO: European tech stocks to watch after Nvidia…
A Gail's is targeted again by vandals painting anti-Zionist graffiti
A new branch of a Gail's bakery has been targeted for a second time by pro-Palestine vandals who smashed windows and painted anti-Zionist graffiti. The shop in Archway, north London, only on opened last week but has been repeatedly attacked as part…
Why India's Local-First AI Strategy Could Be A Winner
Country's startups are carving a unique path by prioritising local, application-led innovation over the global pursuit of scale. India is no longer just following global AI trends -- it is building a distinct, application-led AI ecosystem. Indian…
A VC and some big-name programmers are trying to solve open source's funding problem, permanently
A group of notable open source programmers are joining with a VC investor to launch a nonprofit called the Open Source Endowment in hopes of permanently solving the perennial issue with developing open source software: funding. Backers of the Open…
LinkedIn Founder Holds $6 Million Worth of Ethereum (ETH)
Blockchain intelligence firm Arkham recently identified a public Ethereum address belonging to the LinkedIn co-founder and venture capitalist, Reid Hoffman. Their tracking data shows that Hoffman holds a substantial $6.1 million strictly in ETH.
The mood at FVCC: Investor optimism about Florida's tech trajectory
By Nancy Dahlberg and Riley Kaminer It's Miami Venture Week, and we're celebrating startups and investors. It's also been a time to appreciate how far Miami tech has come. At the Florida Venture Capital Conference Monday and Tuesday, the mood was…
Costco's 2x P/E Over Amazon Is Not Irrational (NASDAQ:COST)
I am upgrading Costco to 'buy' as defensive rotation and predictable earnings drive outperformance versus the S&P 500 and growth/AI companies like Amazon. COST's international expansion, accelerating digital sales, and robust membership fee growth…
Wayve Self-Driving Tech To Hit London Streets This Year
Wayve Ltd CEO Alex Kendall will roll self-driving technology out in London streets with Uber this year. Photographer: Hollie Adams/Bloomberg. © 2024 Bloomberg Finance LP A New Zealand engineer's plug-and-play self-driving startup will hit…
The 'Great Wealth Transfer': A $3 trillion opportunity for Black business owners is on the horizon
There is a $3 trillion opportunity for Black and other minority entrepreneurs to become business owners as part of the 'Great Business Transfer,' according to a new report from McKinsey. Researchers forecast 6 million small- and medium-sized…
IIM Calcutta 61st MBA batch hits 100% placement with highest domestic offer touching Rs 1.45 crore per year
More than 100 offers were made in the areas of private equity, venture capital, investment banking, markets, asset and wealth management which saw participation from firms like Ambit, Arga Investment Management, Avendus, Bank of America, Citi, D E…
How This GV Investor Looks For The Next Stripe And Other 'Compounding' Startups In Fintech And AI
A partner at GV (Google Ventures), Sakach has helped lead the firm's investments in high-profile startups such as Humans&, Ramp, Stripe, Tennr and Basis. Unsurprisingly, considering her involvement in so many significant fintech deals, Sakach…
Plaid's new valuation, EQT's exit, and Barnes and Noble eyes an IPO
• Plaid, an SF-based fintech connectivity company, raised employee liquidity funding at an $8b valuation, up from its prior round but down from its heyday. Go deeper • Viture, an SF-based XR glasses maker, raised $100m. Legend Capital…
Andakin Ventures Invests in Hibachi Worldwide to Accelerate Global Expansion of the In-Home Hibachi and Private Chef Entertainment Industry
The investment positions Hibachi Worldwide to accelerate strategic acquisitions, standardize operations across markets, deploy centralized booking and logistics technology, and establish category leadership in experiential in-home dining and live…
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'A national disgrace': Readers fume over the UK's sewage crisis
The broadcast of Channel 4's Dirty Business has sparked a strong response from Independent readers, who shared anger, frustration and disbelief at the state of Britain's rivers and the conduct of privatised water companies. Many readers highlighted…
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