Sources: Anthropic has lined up $5B to $6B for an employee share sale at a ~$350B valuation; outside investors, not Anthropic, will buy up the insider shares
Sources: Richard Socher's Recursive is in talks to raise hundreds of millions at a $4B pre-money valuation to build self-improving superintelligent AI
Sources: Richard Socher's Recursive is in talks to raise hundreds of millions at a $4B pre-money valuation to build self-improving superintelligent AI
Sources: Cursor-maker Anysphere is considering investment offers at a ~$30B valuation; Cursor generates $500M in ARR as of June, the third highest for an AI app
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Cursor has been approached with investment offers at a $30 billion valuation & is cons...
Sources: Elad Gil is raising a fund of ~$1.5B that could grow to $2B based on investor interest, making it one of the largest fundraising hauls for a solo GP
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Elad Gil is raising a $1.5 billion fund, which if closed would be one of the largest h...
Source: Meta is in advanced talks to hire Nat Friedman and Daniel Gross to help lead its AI efforts and maybe partly buy out their VC fund, NFDG, worth billions
Meta Platforms is in advanced talks to hire the prominent artificial intelligence investors Nat Friedman and Daniel Gross …
Sources: the Chinese startup behind Manus is in talks with US VC firms and others to raise funding at a $500M+ valuation, up ~5x from its previous valuation
The Information :
Bookkeeping startup Bench, which raised $100M+ including from Shopify, closes down effective immediately; several employees say Bench also laid off staff
it's reputation-ending Leadership means accountability Rohit Mittal / @rohitdotmittal : Does anyone know how to go about buying Bench's assets? I'm sure investors have counsel to s...
Shivakumar Venkataraman, a longtime Google executive who joined OpenAI earlier in 2024 to help lead the development of search and AI for enterprise, has left
The Information :
a16z General Partner Sriram Krishnan is leaving after four years; a source says he has talked to Elon Musk about joining the Department of Government Efficiency
The Information :
Young founders and coders applying for Elon Musk's DOGE cite a range of professional and civic motivations; sources say DOGE is seeking 100 full-time DC hires
The incoming Trump administration's planned agency for cutting government excess is seeking 100 full-time hires in the nation's capital …
OpenAI co-founder John Schulman departs to join Anthropic and focus on AI alignment, and says “I'm not leaving due to lack of support for alignment research”
I shared the following note with my OpenAI colleagues today: I've made the difficult decision to leave OpenAI. This choice stems from my desire to deepen my focus on AI alignment, ...
FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
noting that the FTC has now banned non-competed. The crowd of founders started clapping in Lauren Goode / @laurengoode : FTC Chair @linakhanFTC, and earlier, Asst Attorney General ...
FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
noting that the FTC has now banned non-competed. The crowd of founders started clapping in Lauren Goode / @laurengoode : FTC Chair @linakhanFTC, and earlier, Asst Attorney General ...
FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
noting that the FTC has now banned non-competed. The crowd of founders started clapping in Lauren Goode / @laurengoode : FTC Chair @linakhanFTC, and earlier, Asst Attorney General ...
FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
noting that the FTC has now banned non-competed. The crowd of founders started clapping in Lauren Goode / @laurengoode : FTC Chair @linakhanFTC, and earlier, Asst Attorney General ...
FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
noting that the FTC has now banned non-competed. The crowd of founders started clapping in Lauren Goode / @laurengoode : FTC Chair @linakhanFTC, and earlier, Asst Attorney General ...
Source: AI chipmaker Cerebras confidentially filed for a US IPO; filing: in early June, it authorized new shares at a steep discount to its 2021 funding round
chip developer Cerebras has filed confidentially to go public. There's more to the story, though, as the company also authorized shares at a much lower price to its last round. htt...
[Thread] Superalignment team co-lead explains why he has left, says OpenAI's safety culture and processes took a backseat to shiny products over the past years
Yesterday was my last day as head of alignment, superalignment lead, and executive @OpenAI.