A consortium of investors led by Elon Musk’s x.AI offered to buy OpenAI for $97.4 billion last week. OpenAI CEO Sam Altman has dismissed the proposal, which would gum up OpenAI’s planned conversion from a non-profit, something Musk is attempting to block in a lawsuit. Altman’s lawyers argued in a Wednesday filing that Musk can’t […]
Elon Musk’s full offer letter to buy OpenAI reveals five key details Read More »
Cap table management firm Carta made headlines in 2020 when its former marketing VP Emily Kramer filed a lawsuit alleging gender discrimination and retaliation. That case was settled in 2023. But since then, Carta has settled two other lawsuits filed by women who worked at the firm and alleged sexual harassment and discrimination, legal filings
Carta settles two more lawsuits that alleged sexual harassment and discrimination Read More »
Super Bowl weekend is here with the Philadelphia Eagles set to take on the Kansas City Chiefs in New Orleans on Sunday evening. While many folks tune in to the Super Bowl for the actual football, others do so for the halftime performance, and some tune in just for the ads. The ad roster this
Here are five startups that are running Super Bowl ads this year Read More »
Supply chains have had a tumultuous few years, beginning in 2020, when COVID-19 upended legacy global supply chains. More recently, the “TikTok-ification” of retail has companies like Shein and Temu creating new products constantly as consumer demands change at the same rapid pace. Pendulum aims to help companies better plan for supply and demand in
Pendulum’s AI-driven platform helps enterprises better predict supply and demand Read More »
A clearer picture of Bench’s downfall is emerging thanks to newly-released bankruptcy filings. The records show that the Canada-based startup, which ironically enough offered cloud accounting software for small businesses, consistently struggled to reach profitability. It burned through $135 million from its founding in 2012 to September 2024. By the time of its collapse, Bench
Bench burned through $135 million before shutting down Read More »
Four years after accidentally launching a VC firm, GTMfund founder and general partner Max Altschuler has raised a second $54 million fund. He was aiming for $50 million. GTMfund is one of a rising crop of “operator led” funds, meaning the limited partner investors are people who have worked, or are currently working, at successful
How Max Altschuler accidentally founded a VC firm that just raised another $54M Read More »
Tech is upbeat about more companies going public this year, thanks in part to a new presidential administration that has promised to ease regulations and embrace industries like crypto and AI. But there were already early signs of bullishness — especially in fintech — thanks to the wildly successful 2024 IPO of ServiceTitan, a SaaS
Here are all the IPOs reported to be in the works for 2025 Read More »
Serial entrepreneur and recording artist Victor D. Lombard, also known as DIVINE, announced this week the launch of a new company, in partnership with RAKIM, one of hip-hop’s most influential emcees. The company is called Notes, a fintech specifically for independent urban musicians and creators. It provides the knowledge and tools to help artists manage
Serial founder DIVINE launches creator app with hip hop legend RAKIM Read More »
Web-based party games are making a comeback, now with the infusion of generative AI. Among the startups joining the trend, the current forecast looks good for one startup, Little Umbrella, which leverages AI for its social party games. The company announced on Thursday its $2 million seed funding round. Little Umbrella plans to use the
While the adoption of IP (intellectual property) blockchain and tokenization of assets is still in its early stages, more creatives in the entertainment industry are embracing what is called “tokenized storytelling.” This approach enables fans to participate in story development, contributing elements – such as characters and plot – that can be tokenized and owned
