Start-up
Anthropic in talks to raise fresh capital at $170 billion valuation
Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in […]
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Samsung backs South Korean AI chip startup Rebellions ahead of IPO
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. Rebellions South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up […]
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Amazon venture fund backs startup developing fix for return fraud
Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images Amazon is turning to the startup world to find a potential fix for one of its thorniest logistics problems. Retailers of all sizes have in recent years […]
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China’s tech talent are making big strides — they’re creating apps for the world
San Francisco-based AI design app Lovart officially launched Wednesday, with North American users in focus. Lovart BEIJING — Chinese developers are powering some of the latest artificial intelligence tools aimed at a global market. Melvin Chen moved to San Francisco from China to co-found AI design startup Lovart, which officially launched Wednesday — after claiming […]
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VCs use this ‘power law’ to decide whether to invest in startups: We want ‘outsized-outcome potential’
Peter Specht, general partner at venture capital firm Creandum. Creandum As pitches from founders come flooding in, one investor has revealed how VCs use a historic “law” to identify the best investments. “The power law in venture capital basically means that a small number of investments generate the vast majority of returns. So essentially, one […]
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Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people […]
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Recruiter: I interviewed serial moonlighter Soham Parekh — here are my top 3 takeaways
Russell Pompeo, hiring manager at Topaz Labs, shared three takeaways from a job interview. Mtstock Studio | E+ | Getty Images When one recruiter received Silicon Valley’s notorious serial moonlighter Soham Parekh’s job application two years ago, he was immediately impressed. This was two years before the young Mumbai-based engineer was exposed for working remotely […]
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This CEO’s startup has raised $92 million and is backed by Sundar Pichai. He shares his ‘superpower’ tip for aspiring entrepreneurs
Caesar Sengupta, co-founder and CEO of Arta Finance. Courtesy of Arta Finance Given the ups and downs of the startup journey, the biggest “superpower” that entrepreneurs can have is the ability to ground themselves, said Caesar Sengupta, co-founder and CEO of fintech startup Arta Finance. “There’s so much noise in the world,” Sengupta told CNBC […]
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Space startup Varda raises $187 million in funding to make drugs in orbit
Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. […]
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VC behind ‘996’ work culture debate says 5-day weeks won’t build billion-dollar startups
Harry Stebbings, founder of 20VC, says billion-dollar firms aren’t built on five-day work weeks. 20VC Venture capitalist Harry Stebbings faced a wave of backlash in June after urging European startup founders to increase their work hours — but he now admits there’s some room for nuance when applying his mantra. Stebbings, founder of 20VC, a […]
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