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.
Forget the gala, these Silicon Valley schools run their own venture capital funds
Most American private schools still raise money the old-fashioned way—silent auctions, annual giving, and a yearly gala with mixed drinks and canapés. Crystal Springs Uplands School, a 569-student private day school located on the…
What Makes A World-Class Founder-CEO?
World-class entrepreneurial ecosystems do not simply produce more startups. They produce more Founder-CEOs capable of building globally competitive companies. Most discussions about entrepreneurship focus on starting companies. But history shows…
YMTC-backed fund invests in China's push for an alternative chipmaking route
A venture capital fund backed by Yangtze Memory Technologies Corp (YMTC), China's top producer of NAND flash memory, has taken a stake in domestic semiconductor manufacturer SOI Micro, adding a high-profile investor to the country's push for an…
If the markets reject OpenAI and Anthropic, the US should nationalize them | Bruce Schneier and Nathan E Sanders
OpenAI, and then Anthropic, were each formed by AI developers who feared unrestrained corporate AI development – specifically, that companies like Google and Meta would steer the technology towards deleterious, maybe even catastrophically…
AI Start-Up Manus to Soon Resume Operating as an Independent Company
In a notice on its official website Tuesday, Manus said some user data will be deleted. Affected users will be notified and given the opportunity to back up their data, the company said. 'This is part of our separation from Meta; we must take this…
This Tech Expert Thinks It's 'Time to Call Bullshit on the AI Industry
LAS VEGAS—Most of the panels at the Ai4 conference here last week were overrun with enthusiasm for the possibilities AI is opening. Ed Zitron's talk was not one of them. In a 20-minute session, the tech publicist- turned -tech critic tore…
Team8 raises $365m
Venture capital firm Team8 has announced that it has raised $365 million, bringing its total assets under management to nearly $2 billion. Of the new raise, $265 million will go to Team8's third fund and $100 million will be allocated to follow-on…
Lee vows full backing for seven future industries to drive next wave of growth
President Lee Jae Myung on Wednesday pledged full government support for seven advanced technologies, describing them as the country's next 'mega projects' that will power future economic growth. Speaking at a briefing on the government's so-called…
Daye Founder Valentina Milanova On Closing Women's Health Gaps
Daye's at-home diagnostic tampon kit screens for HPV, STIs, and vaginal infections—bringing cervical cancer prevention out of the clinic and into a patient's own bathroom. Daye Daye is a London-based gynecological health company that…
One-North rezoning to double space for start-ups, including new AI park
SINGAPORE – Proposed zoning changes will effectively double the amount of floor space to build facilities for Singapore's start-up ecosystem in the One-North area, including an upcoming artificial intelligence park. LaunchPad @ One-North…
Accel Raises $3.5 Billion to Invest in Emerging Global AI Startups
Accel, a global venture capital firm with offices in Silicon Valley, London and Bangalore, India, has raised $3.5 billion in new funds for early-stage investments across the world. The firm, which has backed artificial intelligence companies…
Brad Lightcap, OpenAI's longtime COO, is leaving to 'start something new'
Brad Lightcap, one of the longest-serving executives at OpenAI, is leaving the powerful AI lab to “start something new.” In an internal message that Lightcap shared online Tuesday, the outgoing executive told OpenAI staff that it was…
Unloved assets, old-school business back in favour with private equity
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
Liverpool news: Bezos deal would increase Reds' existing US links
The fourth-richest man in the world is trying to buy a stake in your club. Surely that has to be good news? Yet Liverpool fans, who still bear the scars of the Tom Hicks and George Gillette era, are viewing the potential high-profile investment…
Rising Australian AI start-up star set to seal $1b 'unicorn' status
A year ago, the country's largest venture capital firm Blackbird Ventures was touting Heidi Health as the fastest-growing start-up ever on its books; now the medical artificial intelligence player is set to seal the coveted billion-dollar unicorn…
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