2025-03-29
When public investors go early: I learned Coatue backed Corewave's Series C with strong downside protection. If 20-day VWAP of $CRWV is below *$68* after 2 years, they can ask Coreweave to pay back the $1.2 bln investment. Corewave closed its first trading day at IPO price $40 [image]
CNBC
CoreWeave closes flat at $40 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021
CoreWeave's stock opened at $39 and closed at $40 in its Nasdaq debut on Friday after the company sold shares at $40 a piece, below the expected range.
2025-03-23
scoop: Cruise co-founder Kyle Vogt's robotics startup, launched last May, is now valued at $2 billion in a round led by Greenoaks. Without released products, the Bot Company's building hardware & software for non-humanoid at-home robots, sources told us https://www.reuters.com/... [image]
Reuters
Sources: The Bot Company, co-founded by ex-Cruise CEO Kyle Vogt to make AI-powered household robots, raised $150M at a $2B valuation, up from $550M in May 2024
2025-01-14
wow the energy on Xiaohongshu (Rednote) where TikTokers flow to. So many new English postings w/ US IP addresses (Chinese laws require online postings to show IP) A Rednote user posted tutorials on how to use the app—it went viral on TikTok & he was mistakenly IDed as the CEO [image]
Wired
Ahead of a likely US TikTok ban, users flee to Chinese apps Xiaohongshu, aka RedNote, and ByteDance's Lemon8, currently the top two apps in the US App Store
and how to prepare Koh Ewe / BBC : TikTok users flock to Chinese app RedNote as US ban looms New York Times : ‘Red Note,’ a Chinese App, Is Dominating Downloads, Thanks to TikTok U...
2024-11-23
One of the largest AI IPOs in 2025: CoreWeave, just valued at $23 bln in a secondary sale, is targeting a val of $35 bln in IPO, sources told @DEER_ECHO_ If happens, huge win for the few VCs (Nat Friedman & Daniel Gross) & many Wall Street PEs & Nvidia https://www.reuters.com/... [image]
Reuters
Sources: CoreWeave is aiming for a valuation of over $35B and is likely to target raising more than $3B in its US IPO that is expected to occur in Q2 2025
One of the greatest pivots of all time. [embedded post] X: Craig Stephens / @accessipos : CoreWeave just closed a $650 million tender offer at a $23 billion valuation (October). N...
2024-11-12
As we heard more about the failed training runs in major AI labs, @annatonger & I wrote about the question on everyone's mind—It's been two years since GPT4. What's after the pre-training scaling law? Spoiler: Ilya has something to say about it Link: https://www.reuters.com/... [image]
Reuters
Ilya Sutskever says “we're back in the age of wonder and discovery” as AI companies focus on pre-training, inference improvements, and finding the “next thing”
There's been a lot of chatter about the “end of LLMs” or “LLMs starting to fail.” Jon Keegan / Sherwood News : OpenAI models may be starting to plateau Siddharth Jindal / Analytics...
2024-10-02
interesting @GreylockVC's biggest check this year is leading a $35 million seed for @resolveai, which builds agentic systems to solve production issues for engineers, instead of code gen. Big seed but modest for a billion dollar fund in an AI frenzy year https://www.reuters.com/...
Reuters
Resolve AI, which is building AI tools to help software engineers autonomously troubleshoot and fix production issues, raised a $35M seed led by Greylock
Krystal Hu / Reuters :
2024-09-15
Scoop: OpenAI might be worth $150 billion, that is, if it can successfully *remove investors' profit cap*, a founding principle, sources told me & @kenrickcai. More details on their $6.5 bln raise in convertible notes👇which could be finalized in 2 weeks https://www.reuters.com/... [image]
Reuters
Sources: OpenAI's $150B valuation in a $6.5B funding round hinges on whether the company can upend its corporate structure and remove a profit cap for investors
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter …
2024-09-14
Scoop: OpenAI might be worth $150 billion, that is, if it can successfully *remove investors' profit cap*, a founding principle, sources told me & @kenrickcai. More details on their $6.5 bln raise in convertible notes👇which could be finalized in 2 weeks https://www.reuters.com/... [image]
Reuters
Sources: OpenAI's $150B valuation in a $6.5B funding round hinges on whether the company can upend its corporate structure and remove a profit cap for investors
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter …
2024-07-17
Latest from us: FTC is seeking more details on the Adept deal, where Amazon hired away CEO David Luan & other researchers to its AGI team in a non M&A arrangement This came amid the ongoing FTC investigation on Microsoft/Inflection
Reuters
Source: in an informal inquiry, the US FTC has asked Amazon to provide more details on its deal to hire top executives and license tech from AI startup Adept
2024-05-31
ByteDance has ordered engineers to separate the recommendation algorithm for TikTok US from Douyin, having them going through millions of lines of codes. stand by my reporting w/@Sheila_Dang that offers insights into a technical separation of TikTok US: https://www.reuters.com/...
Reuters
Sources: TikTok is working on a clone of its recommendation algorithm for its US users that may result in a version that operates independently of ByteDance
TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version …
2024-04-13
New: This month in SF, NYC & London, @sama & @bradlightcap hosted execs from the largest global enterprises, pitching OpenAI products while answering Qs such as why buy ChatGPT Enterprise if they're already Microsoft customers, sources told @DawnC331 & me https://www.reuters.com/...
TechCrunch
OpenAI gives premium ChatGPT users access to an updated GPT-4 Turbo, promising “more direct, less verbose” responses that “use more conversational language”
and OpenAI says it's better in these key areas GSMArena.com : OpenAI makes ChatGPT smarter and quicker for paying users John Palmer / Cryptopolitan : OpenAI Rolls Out Major GPT-4 T...
2024-02-13
Peter Thiel's Founders Fund had a crypto bet from 2014 to 2022 that made $1.8 bln in returns. Quietly, they're back in the market, pouring $200 million in $BTC $ETH in mid-2023, sources told @annatonger & me. Are VCs back at crypto/token investments? https://www.reuters.com/...
Reuters
Sources: Founders Fund bought $100M in bitcoin and $100M in ether from late summer to early fall 2023; the VC sold its crypto portfolio in 2022, making ~$1.8B
2024-02-03
Rubrik, the data security company that was last valued at $4 billion in 2021, just celebrated its 10th birthday and is looking to flip its confidential S1 public by April, joining @Reddit on the list of potential spring IPOs, sources told @DEER_ECHO_ & me https://www.reuters.com/...
Reuters
Sources: cloud data management startup Rubrik plans an US IPO as early as April 2024, amid a DOJ fraud investigation into one of its former employees
Reuters : X: @readkrystalhu X: Krystal Hu / @readkrystalhu : Rubrik, the data security company that was last valued at $4 billion in 2021, just celebrated its 10th birthday and is...
2023-11-11
My latest: Google is in talks to invest in https://character.ai/'s latest round, as the fast-growing chatbot maker seeks funding to keep up w/ demand could be full circle given @character_ai's founders tried to launch chatbots at Google to no avail https://www.reuters.com/...
Reuters
Sources: Character.AI is in talks to raise hundreds of millions from Google and to raise equity funding from VC investors, which could value the company at $5B+
Alphabet's (GOOGL.O) Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial …
2023-06-13
Scoop: SoftBank's Vision Fund is planning more layoffs, as the embattled Japanese investment giant embraces more cost-cutting amid a slump in startup valuation. Masa is trying to rejoin the AI investment wave while banking on Arm IPO. w/ @SamNusseyRTRS https://www.reuters.com/...
Reuters
Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023
Krystal Hu / Reuters :
2023-03-15
SVB new CEO Tim Mayopoulos' first call w/ top VC clients on Tue went much better than his predecessor's. He laid out three scenarios of the banks, honored loans & lines of credit for startups, calling the FDIC-insured bank “probably the safest place” https://www.reuters.com/...
Washington Post
Interviews with 20 people detail the Biden admin's response to SVB's and Signature's collapse, as tech executives and investors lobbied to protect all deposits
It seemed like a simple question: Did the treasury secretary have any concerns about the economic risks posed by Silicon Valley Bank?
SVB new CEO Tim Mayopoulos' first call w/ top VC clients on Tue went much better than his predecessor's. He laid out three scenarios of the banks, honored loans & lines of credit for startups, calling the FDIC-insured bank “probably the safest place” https://www.reuters.com/...
New York Times
A profile of Tim Mayopoulos, named by the FDIC as the CEO of Silicon Valley Bridge Bank, who was BofA's general counsel during the 2008 financial crisis
The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.
2022-04-30
To secure the loan to buy Twitter, @elonmusk gave a simple pitch to banks: cut costs & grow revenue One interesting idea from his pitch: monetizing tweets by charging a third-party platform for embedding or quoting a tweet, sources told me tip @Techmeme https://www.reuters.com/...
Wall Street Journal
Sources: PayPal Mafia members, Jack Dorsey, and others who disliked Twitter's direction pushed Musk to launch a bid; Musk is dismayed that Trump is still banned
Behind the scenes, fellow billionaires and internet provocateurs bent Tesla CEO's ear; Jack Dorsey's role — Elon Musk unveils the Tesla Model Y in 2019.
2022-04-29
To secure the loan to buy Twitter, @elonmusk gave a simple pitch to banks: cut costs & grow revenue One interesting idea from his pitch: monetizing tweets by charging a third-party platform for embedding or quoting a tweet, sources told me tip @Techmeme https://www.reuters.com/...
Bloomberg
Sources: during Twitter deal negotiations, Elon Musk said he would be focused on the company's bottom line and floated the idea of cutting both costs and jobs
As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused …
2021-01-08
Chamath Palihapitiya is taking another high-profile fintech unicorn public through SPACs, following the completion of the Opendoor deal. SoFi could be valued at over $6 billion in the deal, we're told. full story https://www.reuters.com/... $IPOE https://twitter.com/...
CNBC