Sources: Saudi Arabia bought 3,000+ Nvidia H100 GPUs and the UAE purchased thousands of Nvidia GPUs; Nvidia expects to ship ~550K H100 GPUs globally in 2023
it's the $40,000 chip that has sparked a frenzied spending spree Rob Thubron / TechSpot : Saudi Arabia and UAE invest in thousands of Nvidia chips, aiming to become global AI powerhouses Alex Heath / ...
a16z plans to open a crypto-focused office in London and leads a $43M round in London-based Gensyn, which offers a decentralized compute network for training AI
Over the last year it has become clear that blockchains … Reuters : London crypto move is a sign of desperate times FinSMEs : Gensyn Raises £33.8M in Series A Funding Eli Dambel / Bitcoinist.com : a16...
The Coterie, which lets founders access funds from Coatue, a16z, and others to sidestep illiquid stock, raised a $40M Series A led by a16z at a $100M+ valuation
Andreessen Horowitz led a $40 million funding round for The Coterie, valuing the financial technology platform at more than $100 million. Tweets: @gilliantan and @mayazi Tweets: Gillian Tan / @gillian...
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check
Our nation has a housing crisis. — The demographic trends driving … Ryan Deffenbaugh / Protocol : Can proptech go with Adam Neumann's Flow? Edward Ongweso Jr / VICE : NIMBY Marc Andreessen Gives WeW...
The US FTC seeks public comment on federal online privacy rules, which could take years to enact, and is considering various paths, such as focusing on children
on our location, our health, what we read online, who we know, what we buy. @FTC is seeking comment on whether to issue rules aimed at commercial surveillance & lax data security practices. https://ww...
Source: Celsius laid off 150 employees, around a quarter of its staff, after pausing withdrawals; Celsius is exploring “a restructuring of our liabilities”
Good morning! An IT head, data scientist, and AI product manager walk into a bar. Tweets: Wu Blockchain / @wublockchain : Lending platform Celsius has laid off about 150 employees, including those in...
After 3AC's collapse, centralized lenders with exposure to 3AC had failed, while their decentralized counterparts liquidated collateral and continued operating
Good morning! An IT head, data scientist, and AI product manager walk into a bar. PYMNTS.com : Today in Crypto: Three Arrows Capital Files for Bankruptcy; Celsius Hits Three Week Mark of Closed Withd...
Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week
Happy Friday Everyone! 👋 Danny Nelson / CoinDesk : FTX in Talks to Acquire Part of BlockFi: Report Liam ‘Akiba’ Wright / CryptoSlate : FTX CEO Sam Bankman-Fried in talks to acquire a share of BlockFi...
After suspending withdrawals on June 17, Babel Finance reaches “preliminary agreements on the repayment period of some debts”, helping ease liquidity pressure
Dear customers， Babel Finance management has taken the following steps … PYMNTS.com : Crypto Lender Babel Announces Debt Relief Babel Finance : Notice — Dear Customers， Recently, the crypto market h...
Flowcarbon, a blockchain-based carbon credit trading service backed by WeWork's Neumann, raises $32M led by a16z and $38M from selling its Goddess Nature Token
When I was 22, I spent several months working in the field in South Africa. Jamie Redman / Bitcoin News : Wework Co-Founder Adam Neumann's Crypto Project Secures $70M, Funding Round Led by A16z Luiz R...