Palantir sues two ex-employees now working at Percepta, an “AI transformation company” launched by General Catalyst, and alleges deception and stolen documents
Dan Primack / Axios :
Everett Randle, a former partner at Kleiner Perkins, joins VC firm Benchmark as general partner, following a slew of personnel departures at Benchmark
Natasha Mascarenhas / The Information : X: @km , @danprimack , @everettrandle , @scottbelsky , @everettrandle , @zebulgar , and @benchmark X: Kanyi Maqubela / @km : @EverettRandle @benchmark much con...
A White House memo says David Sacks and Craft Ventures are divesting holdings in AI companies and hyperscalers like xAI and Meta
THE WHITE HOUSE WASHINGTON COUNSEL TO THE PRESIDENT TO: DAVID O. SACKS SPECIAL ADVISOR … Bluesky: @thinkyparts : I think it's tax free for him to sell because he's in the administration right? [embedd...
OpenAI backtracks and says its nonprofit will remain in control of its business operations, after a “constructive dialogue” with civic leaders and DE and CA AGs
so it's making a change Aaron McDade / Yahoo Finance : OpenAI Scraps For-Profit Plans New York Times : The Stakes for OpenAI's Plan B The Irish Times : OpenAI ditches plan to convert to for-profit bus...
GSR, one of several VC firms rebuked in 2024 over China investments, splits its China business from its US business, which is renamed as Informed Ventures
Dan Primack / Axios :
Ben Horowitz says he and his wife plan to make a “significant” personal donation to Kamala Harris' campaign; Horowitz and Marc Andreessen endorsed Trump in July
tech oligarchs depend heavily on their access in washington, so will do everything they can to keep it. a16z desperately wants washington to legitimize crypto, so they can get a return on their signi...
FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
noting that the FTC has now banned non-competed. The crowd of founders started clapping in Lauren Goode / @laurengoode : FTC Chair @linakhanFTC, and earlier, Asst Attorney General Jonathan Kanter, hav...
Source: VC firm OpenView laid off most of its staff and does not plan to make new investments, after several partners recently left the firm
OpenView Venture Partners is a VC firm which raised $2.4 billion and is now shutting down because they don't think they can generate returns for their LPs. … X: @saranormous : Dramatic VC fund collaps...
Tiger Global Management's Scott Shleifer will transition from his role leading private investments to a senior adviser role, effective January 1, 2024
and a map of his empire Kul Bhushan / Entrackr : Tiger Global's private investment head Scott Shleifer steps down Connie Loizos / TechCrunch : Tiger Global chieftain Scott Shleifer transitions to advi...
Satya Nadella says “it's very clear that something has to change around the governance” of OpenAI no matter where Sam Altman ends up
These are fundamentally incompatible and it was bound to lead to hard tradeoffs eventually. … X: Emily Chang / @emilychangtv : The more I watch this interview - the wilder this story seems. Satya insi...