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.
The Venture-Capital Populist
The courtship between Silicon Valley and MAGA was consummated on June 6, 2024, in San Francisco's Pacific Heights neighborhood, on a street known as “Billionaires' Row,” at the 22,000-square-foot, $45 million French-limestone mansion…
Supporting startups that are shaping the future of energy
Global annual electricity demand is expected to be 50% higher over the next five years compared to the past decade, driven by a new era of manufacturing, electrification and digital infrastructure. This presents a massive opportunity for smarter…
CNBC's The China Connection newsletter: China is rewiring the Silicon Valley model - starting in Hong Kong
Hundreds of Chinese companies are lining up to list in Hong Kong. The activity is 'much, much bigger' than anything seen in the last 35 years, said Gary Lock, Hong Kong-based partner at IPO advisory King and Wood. More Chinese IPOs in Hong Kong are…
OpenAI's head of sales leaves for role at Thrive Capital
OpenAI Head of Sales James Dyett announced Monday that he is leaving his role. Dyett joined OpenAI in 2023, right as the company underwent a period of explosive growth following the launch of its ChatGPT chatbot. Dyett said he is moving to a new…
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CFTC Gets Mixed Responses to Prediction Market Rulemaking
The US Commodity Futures Trading Commission received more than 1,500 responses to a proposed rule tied to prediction markets, with some backing the regulator while others called for a tougher crackdown on the platforms. The CFTC's request for…
Waymo swallowed this year's AV funding boom
The Autonomous Vehicle sector this year has seen some of the largest venture capital backing in more than 10 years, all of which has gone toward fewer competitors. Barely halfway through the second quarter, the AV industry has seen nearly $19…
'I Don't Think Everyone Will Make It': The President of a VC Firm With $10B in Assets Reveals How AI Agents Will Disrupt Work - Starting With This Profession
AI agents are technologies that can autonomously perform multi-step tasks. Jai Das, cofounder and president of venture capital firm Sapphire Ventures, believes AI agents will take on more of the workload over time as they prove reliable. He says…
The future tenants of South Chicago's quantum computing campus
This story is part of Quantum Crossroads, a series examining the impact of the quantum computing megadevelopment in South Chicago. The push to transform Chicago into a world leader in quantum computing research and development has been yearslong…
KB Financial seeks to team up with U.S.-based Pantera Capital
SEOUL, May 4 (UPI) -- South Korea's KB Financial Group said it met with U.S.-based Pantera Capital to explore business opportunities in the blockchain sector. KB Financial said Sunday the two conferred late last month in Seoul to discuss ways to…
Chinese humanoid robot maker Linkerbot seeks $6B valuation
Chinese humanoid robot maker Linkerbot is seeking investment at a $6 billion valuation, double the level it raised money at only last week, highlighting investor appetite to enter the fast-growing industry. Beijing has made dominating the humanoid…
The internet's favorite new finance meme: Jane Street interviews, but make them unhinged
You get a text from your Jane Street interviewer. It's your 7th round. 'Meet me at Panda Express. Southwest corner of Penn Station. 5 pm.' When you arrive, you see a guy in a quarter-zip Patagonia. He's staring intently at the menu behind the…
AI giant Databricks to spend $416m on Australian expansion
Databricks, a private US artificial intelligence software company that counts some of Australia's biggest companies as clients and has been touted for a big-money public float, plans to invest $416 million to expand its Australian operations over…
Anthropic takes shot at consulting industry in joint venture with Wall Street giants
Anthropic announced Monday that it has partnered with Blackstone, Hellman & Friedman, and Goldman Sachs to launch a new AI-native enterprise services company — one that puts the Claude maker in direct competition with the world's largest…
VC firm Ethereal has avoided the spotlight for 5 years-now it's telling its story
Good morning, Jeff John Roberts here. Happy Star Wars Day to those who celebrate. The venture capital crowd, in my experience, is not shy when it comes to telling their story to the media. So it was a surprise to encounter Ethereal Ventures, a firm…
Elron veterans launch $100m cybersecurity VC fund
Yaron Elad and Elik Etzion today launched AlphaDrive Ventures, a $100 million venture capital fund, which will focus on investments in cybersecurity and AI. The fund has been operating for several months, and in this time has made five initial…
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