Jeff Bezos is funding a secretive EV startup based in Michigan called Slate Auto that could start production as soon as next year, according to multiple sources and documents that link the billionaire’s family office to the startup. Slate, which took root in another Bezos-connected company called Re:Build Manufacturing, has been operating quietly since its […]
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Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science
Vertical farming company Plenty files for bankruptcy after raising nearly $1B Read More »
Amazon is now the latest company to curb some of its DEI programs, Bloomberg reports, after Meta announced that it, too, is ending its diversity efforts earlier on Friday. An internal memo that was sent to staffers said that the company was looking to wind down outdated programs and materials as part of a review
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OpenAI CEO Sam Altman and Jeff Bezos’ Amazon plan to donate $1 million each to President-elect Donald Trump’s inaugural fund, according to reports from Fox and the Wall Street Journal. TechCrunch has confirmed Altman’s plans to personally commit the money, which is not coming directly from OpenAI. The donations from the billionaires follow plans by
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HighPost Capital, a private equity firm run by Mark Bezos, Jeff Bezos’ younger brother, and PE veteran David Moross, has launched a new venture capital arm called HIPstr. And with it, fresh capital to invest in startups. The new entity just announced its first VC fund of $100 million. HighPost Capital focuses on consumer companies and
Jeff Bezos’ brother’s firm has launched a debut $100M VC fund called HIPstr Read More »
