A profile of Anthropic CEO Dario Amodei, a critic of Trump and David Sacks' AI agenda, arguing its hands-off approach could steer AI down a dangerous path
Wall Street Journal : X: @amrithramkumar and @berber_jin1 . LinkedIn: Berber J. . Forums: r/singularity X: Amrith Ramkumar / @amrithramkumar : One of the only CEOs taking on Trump is now in a battle ...
Cancer research startup Manas AI, founded by Reid Hoffman and researcher Siddhartha Mukherjee, raised $24.6M to focus on breast and prostate cancer and lymphoma
Berber Jin / Wall Street Journal :
PitchBook: in 2023, US VCs returned $26B worth of shares back to investors, the lowest amount since 2011, and invested $60B more than they collected, a record
Berber Jin / Wall Street Journal :
Sources: Perplexity is finalizing a $500M round led by IVP that would value the AI startup at $9B, triple its reported valuation from just a few months ago
Berber Jin / Wall Street Journal :
US v. Google: Satya Nadella says Google cemented its search dominance via default search deals with Apple and he may have been overenthusiastic about ChatGPT
and Apple could fix it New York Times : Microsoft C.E.O. Testifies That Google's Power in Search Is Ubiquitous Bloomberg : Microsoft CEO Says Google Search Dominance to Give It AI Edge Diane Bartz / R...
Sources: Sequoia apologized to its fund investors for the $150M lost on its FTX bet and details plans to improve its due diligence process on new investments
but blames bankruptcy filing Sead-Fadilpasic / Cryptonews : Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX Shadine Taufik / Tech in Asia : Sequoia apologizes fo...
Sources: as Instacart plans an IPO, its Q2 revenue rose 39% YoY to $621M, orders increased 25% YoY to 60M+, and order volume rose 21% YoY to $7.1B
Berber Jin / Wall Street Journal :
DoorDash and Uber Eats are moving beyond food, focusing on groceries and alcohol, as users cut spending due to high inflation and a potential economic downturn
Delivery apps look to move beyond food as they face high inflation, a potential economic downturn — Grubhub CEO on the Postpandemic Future of Food Delivery Tweets: @preetika_rana , @jerrycap , @eric...
PitchBook: VCs invested ~$16B in US Series A and B rounds in Q2 2022, down 22% YoY, the biggest decline in early-stage funding since 2010, excluding Q2 2020
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Source: Philadelphia-based delivery startup Gopuff to lay off ~3% of its staff to cut $40M in costs; layoffs follow the resignations of several key executives
Berber Jin / The Information :