Court filings: Deel alleges Rippling's “competitive intelligence manager” Brett Alexander Johnson posed as a customer to access Deel's product and business info
HR start-ups Rippling and Deel trade allegations their leaders directed efforts to steal company secrets from one another
Sources paint a bleak picture for startup founders in China; IT Juzi report: only 1,202 startups were founded in the country in 2023 compared to 51,302 in 2018
Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation X: @carnage4life , @tonytassell , @michaelxpettis , @...
Sources: OpenAI is in discussions about changing its corporate structure to become more investor-friendly, including removing a cap on profits for investors
everyone involved knows it doesn't have to Assad Jafri / CryptoSlate : OpenAI mulls dropping profit restrictions ahead of $100 billion valuation push Maria Deutscher / SiliconANGLE...
Sources: OpenAI is in discussions about changing its corporate structure to become more investor-friendly, including removing a cap on profits for investors
Discussions come as Apple, Nvidia and Microsoft consider funding round that would value start-up at more than $100bn
Source: Apple is not taking an OpenAI board observer role, as AI antitrust scrutiny mounts; OpenAI plans to host regular meetings with investors and partners
ChatGPT maker plans strategy to engage crucial partners as regulatory scrutiny of sector increases
Satya Nadella says Sam Altman, Greg Brockman, and OpenAI staff will join Microsoft's new “advanced AI research team” and Microsoft remains committed to OpenAI
Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” …
The US House's China committee asks about Sequoia's investments since 2010 in AI, quantum, and chip companies based, or with “significant operations”, in China
Scrutiny of California VC firm comes amid mounting tension between Washington and Beijing
Sequoia's Roelof Botha says splitting the VC stops the trio from rubbing against one another; sources: China arm manager Neil Shen agitated for a separate unit
Financial Times :
Some investors are concerned that SVB's collapse and its US government rescue, after Silicon Valley investors' lobbying, could lead to tougher tech regulation
Some investors are concerned SVB's collapse and its rescue by the US government, after Silicon Valley investors' lobbying, could lead to tougher tech regulation
Late last Saturday night, Jason Calacanis, a prominent internet entrepreneur and investor, hit the caps button on his keyboard …
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries
Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter …
The FDIC says SVB clients with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15
Exit Fuel 🛢️ exists because of the support of people like you. Dalmas Ngetich / NewsBTC : Long Queues Seen At Silicon Valley Bank-Owned Boston Private - A Bank Run? Tweets: Dan Pri...
Sources: Character.AI, a chatbot that generates chats in the style of famous people like Shakespeare, raised $200M-$250M led by a16z at a ~$1B valuation
Financial Times :
Sources: Alphabet, Meta, and Salesforce are seeking to abandon leased office space in London and Dublin; Amazon and Microsoft put London expansion plans on hold
Financial Times :
Greater London Authority warns housing developers about a potential ban on new housing until 2035, citing a growing number of data centers consuming electricity
Greater London Authority warns developers that upgrade might take more than a decade — Developers in west London face …