Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funde...
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funde...
Sources: CVC and Blackstone invest $2B+ in equity and debt to take a minority stake in Istanbul-based Dream Games, which makes Royal Match, valuing it at ~$5B
Financial Times :
Interviews with 40 sources describe concerns about Helsing, Europe's most valuable defense tech startup, including whether it can live up to its €5B valuation
do read [embedded post] X: David Hambling / @david_hambling : In short, Helsing appear to be taking $2k drones and selling them for more like $20k; some Ukrainian troops (who have ...
UK filings: Stability AI co-founder and former CEO Emad Mostaque has given up his controlling shares in the startup; Mostaque owned 75%+, per previous filings
The startup's co-founder left in March but remained the largest shareholder — until now — Emad Mostaque, the former chief … X: @mhbergen X: Mark Bergen / @mhbergen : From last ni...
The Nobel in Chemistry goes to David Baker “for computational protein design” and DeepMind's Demis Hassabis and John Jumper “for protein structure prediction”
- Demis Hassabis, John Jumper share half the $1.1 million award — Remainder goes to David Baker for building new proteins
Heidelberg-based Aleph Alpha, which raised $500M+ in 2023, pivots to helping clients use AI tools, instead of trying to outperform models from OpenAI and others
- For years, Aleph Alpha was hailed as Europe's rival to OpenAI — Then it opted to stop relying on costly large-language models
Silicon Valley's Trump supporters are making the same mistake as all powerful people who back authoritarians: they can't control him, and he won't keep promises
The financiers who support him have made the same error as all powerful people who back authoritarians — The writer is senior adviser, Sequoia Heritage
Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies
particularly if top antitrust cops change. That memo may seem definitive, and needed to for employee sanity, but these things are always fluid. Mark Bergen / @mhbergen : ...also th...
Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies
particularly if top antitrust cops change. That memo may seem definitive, and needed to for employee sanity, but these things are always fluid. Mark Bergen / @mhbergen : ...also th...
Helsing, which makes AI tools for defense, raised a €450M Series C led by General Catalyst, a source says at a €4.95B valuation, taking its funding to €769M
- Company formed in 2021 has now raised nearly €770 million — Helsing will open entity in Estonia as part of Baltic push
Stability AI says it closed a new funding round; sources: investors committed $80M to take over the company, and some suppliers have forgiven debt obligations
The Financial Times signs a deal with OpenAI to train AI models on the publisher's archived content and to let ChatGPT reply with short summaries of FT articles
Agreement comes as Microsoft-backed start-up seeks data from reliable sources to train latest artificial intelligence models
Microsoft hires DeepMind co-founder Mustafa Suleyman to run consumer AI, reporting to Satya Nadella, and brings on most staff from his Inflection AI startup
Suleyman and his team will join from OpenAI rival Inflection AI — Microsoft Corp. has named Mustafa Suleyman head …
Inflection AI names Sean White as CEO and plans to host Inflection-2.5 on Azure, after co-founders Karén Simonyan and Mustafa Suleyman depart for Microsoft AI
Microsoft hires DeepMind co-founder Mustafa Suleyman to run consumer AI, reporting to Satya Nadella, and brings on most staff from his Inflection AI startup
Suleyman and his team will join from OpenAI rival Inflection AI — Microsoft Corp. has named Mustafa Suleyman head …
Microsoft says its investment in Mistral AI amounts to €15M; EU regulators plan to analyze the investment, which could eventually lead to a formal investigation
- Partnership amounts to €15 million investment, Microsoft says — EU analysis could lead to future formal investigation
Memo: Coatue closes its European office in London after two years in order to “streamline” its investing and prioritize domain expertise over regional coverage
- Investment firm is reorganizing its venture capital strategy — Coatue's growth fund has been slammed by VC downturn
Memo: Coatue closes its European office in London after two years in order to “streamline” its investing and prioritize domain expertise over regional coverage
- Investment firm is reorganizing its venture capital strategy — Coatue's growth fund has been slammed by VC downturn
The UK CMA is considering an antitrust investigation into Microsoft and OpenAI's partnership, and is taking comments until January 3 before making a decision
Update Paul Thurrott / Thurrott : UK CMA and US FTC Are Investigating Microsoft's Partnership with OpenAI (UPDATED) Devesh Beri / MSPoweruser : Microsoft's investment in OpenAI fac...