Fri, 22 Nov 2024 23:54:40 +0000
Sequoia says no exits, no problem. The Silicon Valley titan of venture marked up the value of its 2020 Sequoia Capital U.S. Venture XVII fund by 24.6% in June, at the end of a 12-month period, according to PitchBook, which ran analysis on data from the Regents of the University of California’s endowment. Sequoia’s markup […]
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Fri, 22 Nov 2024 23:33:00 +0000
Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities. The firm is an impact fund of funds that has previously supported ways to address racial bias in investing. Yesterday, the firm, founded by Daryn Dodson, announced the raise of a $32.75 million “Catalyst Fund “to once again support […]
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Fri, 22 Nov 2024 23:17:45 +0000
Michael Gilroy, a former head of fintech investments at Coatue, and Gokul Rajaram, a longtime tech executive and prolific angel investor, are forming a yet-to-be-named venture firm and plan to begin fundraising toward a $400 million to $500 million debut fund early next year, Bloomberg reported. The firm will invest in U.S.-based early-stage fintech and […]
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Fri, 22 Nov 2024 22:45:17 +0000
Emme Hall takes a closer look at the new Hyundai Ioniq 9, an all-electric three-row SUV.
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Fri, 22 Nov 2024 22:30:00 +0000
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies. That growth has propelled OpenAI itself into […]
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Fri, 22 Nov 2024 22:25:27 +0000
OpenAI is funding academic research into algorithms that can predict humans’ moral judgements. In a filing with the IRS, OpenAI Inc., OpenAI’s nonprofit org, disclosed that it awarded a grant to Duke University researchers for a project titled “Research AI Morality.” Contacted for comment, an OpenAI spokesperson pointed to a press release indicating the award […]
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Fri, 22 Nov 2024 22:05:00 +0000
An analysis of all nearly 5,000 companies YC has backed to date reveals a surprising truth: YC startups don’t have to be unique. Far from it.
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Fri, 22 Nov 2024 21:17:56 +0000
Hyundai, Kia, and Genesis are recalling about 208,000 EVs in the United States due to an issue that could cause the vehicles to suddenly lose power, according to several filings with the National Highway Traffic Safety Administration. The recall was first reported by Reuters. The problem originates with the integrated charging control unit (ICCU), which […]
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Fri, 22 Nov 2024 20:04:00 +0000
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. If you’d like to receive this newsletter in your inbox every Friday, sign up here! The week before Thanksgiving is typically busy with announcements of all sorts, but this week has been particularly interesting. Money was flowing to big problems, like defense, cybersecurity, and […]
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Fri, 22 Nov 2024 19:59:00 +0000
Despite all the talk of doom and gloom about the economy, entrepreneurship is actually on the rise in the U.S.: In 2024, an average of 430,000 new business applications were submitted every month, marking a 50% rise from 2019. But the number of accountants these new businesses will need to maintain their books, file taxes, […]
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Fri, 22 Nov 2024 19:57:28 +0000
Reid Hoffman, co-founder at LinkedIn and Inflection AI, shared his expectations for the incoming Trump administration in an opinion piece for the Financial Times. And while he appears hopeful that President-Elect Donald Trump could clear the way for more competition and faster innovation in the technology industry, Hoffman also expressed concerns around Trump providing certain […]
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Fri, 22 Nov 2024 19:30:47 +0000
A new tool for the rapidly growing X competitor Bluesky helps you quickly create new feeds that you can pin to the app’s home page to follow your various interests. If you’re daunted by the prospect of having to rebuild your Twitter/X lists on Bluesky’s app, you can use the Pack2List web app to take […]
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Fri, 22 Nov 2024 18:54:00 +0000
MatX, a startup designing chips that support large language models, has raised a Series A of approximately $80 million, three sources say, less than a year after raising its $25 million seed round. Spark Capital led the investment, valuing the company at a pre-money valuation in the mid-$200 million range and a post-money valuation in […]
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Fri, 22 Nov 2024 17:55:31 +0000
Revolut, the London-based fintech unicorn, shared a few items on the company’s 2025 roadmap at a corporate event in London on Friday. One of its main focuses for next year will be the introduction of an AI-enabled assistant to help its 50 million customers navigate the financial app, manage their money, and customize the software. […]
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Fri, 22 Nov 2024 17:43:15 +0000
Not for the first time, food delivery firm Foodinho has been spanked by Italy’s privacy watchdog. Per Reuters, the Glovo-owned on-demand delivery app has been fined €5 million ($5.20 million) after it was found to have unlawfully processed the data of more than 35,000 riders registered on the platform. Issues identified included riders’ geolocation data […]
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Fri, 22 Nov 2024 16:51:50 +0000
The European Commission (EC) has quietly closed a longstanding antitrust investigation into Apple over rules it enforces against third-party e-book and audiobook app developers. The EC opened the probe back in 2020 after receiving complaints over how Apple forced competing e-book and audiobook app developers to use Apple’s own in-app payment system, while also preventing […]
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Fri, 22 Nov 2024 16:19:00 +0000
EV owners of GM vehicles like the Chevrolet Silverado EV and Cadillac Lyriq will now officially have access to Tesla’s Superchargers.
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Fri, 22 Nov 2024 16:06:57 +0000
Streaming service and media software maker Plex on Friday introduced a redesign of its software that puts more emphasis on discovery, easily accessing your watchlist, and other personalization features — including those for home media enthusiasts who still use the app to organize their media libraries. Over the years, the company has tried to balance […]
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Fri, 22 Nov 2024 16:06:50 +0000
The company chose Chapter 11 in an effort to right its listing finances.
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Fri, 22 Nov 2024 15:45:19 +0000
As the Twitter-like social network Bluesky sees a significant surge in users this month, Meta’s own X competitor Threads has been rapidly building out its platform. On Friday, Instagram head Adam Mosseri announced that Threads will start testing AI-powered summaries of what people are discussing on the platform in the app’s “Trending now” section in […]
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