Peter Thiel’s Founders Fund has completed the raise of its third growth fund, according to an SEC filing. Beyond the sum — which is a big step up from its last previous $3.4 billion growth fund closed in early 2022 — there’s a couple of other interesting things to note about this raise. For one, it’s more […]
Founders Fund’s new $4.6B fund indicates an era of big VC spending Read More »
Banking executive and former presidential advisor Dina Powell McCormick and Stripe co-founder and CEO Patrick Collison are joining the board of Meta, according to a report from Axios. Powell McCormick spent 16 years in several leadership roles at Goldman Sachs. She also served as Deputy National Security Advisor to President Donald J. Trump during his
Meta adds Stripe CEO Patrick Collison and Dina Powell McCormick to its board Read More »
General Motors is laying off 500 workers at a factory in Canada because of weak demand for its all-electric BrightDrop vans, according to CNBC. GM told CNBC that the cuts were not related to the ongoing trade war being waged by President Donald Trump. The company is cutting one of the two shifts at the
GM cuts 500 jobs because of weak demand for BrightDrop electric vans Read More »
A recent breach of Berkshire Hathaway-owned private jet company NetJets has revealed a guide for flight attendants serving Elon Musk, per a Bloomberg report. The memo offers an interesting glimpse into the personal preferences of the world’s richest man. Some of the preferences are surprising for the CEO of Tesla, a company dedicated to sustainability.
Hacked documents reveal guide to serving Elon Musk on private jets Read More »
A growing number of Tesla owners are putting their used vehicles up for sale, as consumers react to Elon Musk’s political activities and the global protests they have fueled. In March, the number of used Tesla vehicles listed for sale on Autotrader.com skyrocketed, Sherwood News reported, citing data from Autotrader parent company Cox Automotive. The
Tesla used car listings skyrocketed in March Read More »
Retaining top AI talent is tough amid cutthroat competition between Google, OpenAI, and other heavyweights. Google’s AI division, DeepMind, has resorted to using “aggressive” noncompete agreements for some AI staff in the U.K. that bar them from working for competitors for up to a year, Business Insider reports. Some are paid during this time, in
The tentative re-opening of the IPO window is already swinging towards being closed again. With the public stock markets in a freefall after President Trump announced sweeping tariffs, two of the tech industry’s highly anticipated IPOs are hitting pause, The Wall Street Journal reports: Klarna and StubHub. Both fintech Klarna and ticket marketplace StubHub released
Klarna and StubHub delay IPOs because of Trump tariff turmoil Read More »
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and later became an inventory monetization platform for clothing retailers, is facing financial difficulties, the company confirmed to TechCrunch following a report by Axios. Citing a letter from the board, Axios reported that the company is almost out of money, CEO Christine
CaaStle board confirms financial distress, furloughing employees Read More »
Meta’s VP of AI research, Joelle Pineau, is planning to leave the company, she announced in a post on Facebook Tuesday. Pineau said she’s leaving in May after more than two years overseeing FAIR, Meta’s internal AI research lab led by Yann LeCun. Pineau’s exit comes as Meta ramps up its AI efforts, with the
Meta’s head of AI research plans to leave the company Read More »
Isomorphic Labs, the AI drug-discovery platform that was spun out of Google’s DeepMind in 2021, has raised external capital for the first time. The $600 million round was led by Thrive Capital, with participation from GV and existing investor Alphabet, Google’s parent, it said. The funding will accelerate further development of Isomorphic’s AI drug
Alphabet’s AI drug discovery platform Isomorphic Labs raises $600M from Thrive Read More »
