Microsoft Acqui-Hires Sequoia-Backed Cove in AI Talent Grab
The Buzz ■ Sequoia-backed AI collaboration startup Cove is shutting down after its team joined Microsoft, according to TechCrunch ■…
Tag: ChatGPT
Fuse raises $25M to replace aging credit union loan systems
The Buzz ■ Fuse raises $25M Series A led by Footwork Ventures and Primary Ventures to modernize credit union loan…
Google, Accel reject 70% of AI startups as ‘wrappers’
Google and Accel just drew a hard line in the AI startup gold rush. After reviewing over 4,000 applications for…
Unacademy’s $3B Crash Ends in upGrad Acquisition
India’s edtech bubble just claimed its biggest casualty. Unacademy, once valued at $3.5 billion during the pandemic boom, is being…
Rivian CEO launches Mind Robotics with contrarian vision
The Buzz ■ Rivian CEO RJ Scaringe launches Mind Robotics, a new startup challenging conventional robotics development according to TechCrunch…
Anduril Lands $20B Army Contract, Biggest Defense Tech Deal Yet
The Buzz ■ US Army awards Anduril contract worth up to $20B, the largest single defense tech deal on record…
Rivian’s R2 SUV: A $50K Bet on Survival
The Buzz ■ Rivian unveiled the R2 midsize SUV with pricing starting under $50,000, according to The Verge ■ The…
California woman founded ‘boring’ $1,900,000,000 AI startup after deciding to bet against ChatGPT
A woman who saw beyond friendly chatbots founded her own AI startup that is now valued at $1.9 billion. AI…
Netflix Drops $600M on Ben Affleck’s AI Filmmaking Startup
The Buzz ■ Netflix acquired InterPositive, Ben Affleck’s AI post-production startup, for up to $600M according to Bloomberg ■ The…
Harbinger Unveils Smaller Work Truck in EV/Hybrid Push
The Buzz ■ Harbinger launches smaller commercial truck with electric and hybrid variants targeting fleet operators ■ LA-based startup promises…
Revolut Secures Full UK Banking License at $75B Valuation
The Buzz ■ Revolut receives full UK banking license after extended regulatory review, according to CNBC ■ The fintech unicorn…
French healthtech Alan hits €5B valuation in 30% jump
French health insurance startup Alan just crossed the €5 billion valuation mark – roughly $5.83 billion – marking a sharp…
Mandiant Founder Mandia Raises $190M for AI Security Startup
The Buzz ■ Kevin Mandia raises $190M for Armadin, his new AI-focused cybersecurity startup, four years after selling Mandiant to…
Founders Fund races to $6B close in under a year
Peter Thiel’s Founders Fund is closing in on $6 billion for its latest growth fund – an extraordinary haul that…
Slate Auto Taps Ex-Amazon VP as CEO Ahead of EV Launch
The Buzz ■ Peter Faricy, former Amazon Marketplace VP, takes over as CEO of Slate Auto according to TechCrunch ■…
Robinhood’s Startup Fund Stumbles in NYSE Debut
The Buzz ■ Robinhood‘s startup fund launched on NYSE with a disappointing debut, according to TechCrunch ■ The fund offers…
Nominal hits $1B valuation with $155M raise in 10 months
The Buzz ■ Nominal reached $1B valuation with $155M funding led by Founders Fund, just 10 months after previous raise…
Better.com’s 47-Second AI Mortgage App Takes Aim at Rocket, UWM
The Buzz ■ Better.com launches AI-powered mortgage app using OpenAI’s ChatGPT to process applications in 47 seconds versus industry average…