a16z

Google and Grok are catching up to ChatGPT, says a16z’s latest AI report

ChatGPT rivals like Google’s Gemini, xAI’s Grok, and, to a lesser extent, Meta AI, are closing the gap to ChatGPT, OpenAI’s popular AI chatbot, according to a new report focused on the consumer AI landscape from venture firm Andressen Horowitz. The report, in its fifth iteration, showcases two and a half years of data about […]

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Rex Salisbury’s Cambrian Ventures raises new fund, bucking fintech slowdown

Rex Salisbury, the solo GP behind Cambrian Ventures, fondly recalls the time he fell in love with fintech. The year was 2015, he had recently left his job as an investment banker to try his hand on engineering at a mortgage startup. “That’s when you had companies like Stripe, Plaid, Credit Karma, Wealthfront starting to

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Marc Andreessen reportedly told group chat that universities will ‘pay the price’ for DEI

Venture capitalist Marc Andreessen sharply criticized universities including Stanford and MIT, along with the National Science Foundation, in a group chat with AI scientists and Trump administration officials, according to screenshots viewed by the Washington Post. According to the Post, Andreessen described MIT and Stanford (which I attended two decades ago) as “mainly political operations

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Why Cluely’s Roy Lee isn’t sweating cheating detectors

Cluely, an AI startup that uses a hidden in-browser window to analyze online conversations, has shot to fame with the controversial claim that its ‘undetectability’ feature lets users “cheat on everything.” The company’s co-founder, Roy Lee, was suspended from Columbia University for boasting that he used Cluely, originally called Interview Coder, to “cheat” on a

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Why a16z VC believes that Cluely, the ‘cheat on everything’ startup, is the new blueprint for AI startups

When Cluely, a startup claiming to be building a product that helps people “cheat” on everything, announced that it raised a $15 million Series A financing from Andreessen Horowitz, some people on X criticized the VC firm for backing the controversial company. After all, Cluely isn’t just offering a product that may have questionable uses,

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In just 4 months, AI medical scribe Abridge doubles valuation to $5.3B

Abridge, an AI startup automating medical notes, has secured a $300 million Series E at a $5.3 billion valuation, according to the Wall Street Journal.  The round, led by Andreessen Horowitz with participation from Khosla Ventures, follows the company’s $250 million February fundraise at a $2.75 billion valuation. The seven-year-old Abridge is widely considered to

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Katie Haun on the GENIUS Act and what it may mean for the future of crypto

This week on StrictlyVC Download, we’re bringing you to our recent event in Menlo Park. TechCrunch’s editor in chief, Connie Loizos, was joined by Katie Haun, founder and CEO of Haun Ventures, who shared an inside look at her contrarian “harpoon strategy” that targeted distressed crypto assets during the depths of crypto winter. They explored everything from

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Cluely, a startup that helps ‘cheat on everything,’ raises $15M from a16z

Cluely, a startup that claims to help users “cheat” on job interviews, exams, and sales calls, has raised a $15 million Series A led by Andreessen Horowitz, the company announced on Friday with a video posted on X. Two investors who were not part of the deal tell TechCrunch they believe Cluely’s post-money valuation is

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No, Andreessen Horowitz didn’t post that crypto scam tweet

For some tense minutes on Wednesday, X users were surprised to see one of those crypto “airdrop” posts on Andreessen Horowitz’s blue check-marked account. A second tweet said that $5 million had already been given away. That account has 851,000 followers. A member of a16z’s crypto team saw the tweet and immediately posted a warning

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