Anduril, an artificial intelligence military start-up, is set to complete a new round of funding that will double the value of the company to $28 billion, according to four people familiar with the negotiations. The funding round, which is led by Founders Fund and has not yet closed, is raising up to $2.5 billion, the…
OpenAI is set to complete a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just four months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, according to three people with knowledge of the deal who spoke on the condition of anonymity. The deal…
C. Richard Kramlich, an early investor in Silicon Valley who co-founded the investment giant New Enterprise Associates, helping to fuel the booming tech industry, died on Saturday at his home in San Francisco. He was 89. His death was announced by New Enterprise Associates. Mr. Kramlich (pronounced CRAM-lick), whose career spanned more than five decades,…
Daniel Penny, a Marine veteran acquitted on a charge of criminally negligent homicide in Manhattan in December, has been hired by one of Silicon Valley’s most prestigious venture capital firms to join its “American Dynamism” team. Mr. Penny, a Long Island native and former architecture student, will work in a group that supports American interests,…
OpenAI, the San Francisco artificial intelligence company that has been on a yearslong money-raising frenzy, is in talks with the Japanese conglomerate SoftBank for an investment up to $25 billion, according to three people familiar with the negotiations. Some of that money could be used to cover OpenAI’s commitment to Stargate, the $100 billion data…
If you had told a teenage JD Vance in the early 2000s that he would one day be the Vice President of the United States, he probably would have laughed in your face. But here we are in 2025, and that’s exactly what happened. Vance—once a kid struggling in a chaotic home in Middletown, Ohio—is…
Jordan Jacobs, an investor at the venture capital firm Radical Ventures, has spent the last few days fielding half a dozen calls from his firm’s investors. All of them wanted to know about DeepSeek, a Chinese artificial intelligence app that topped the app stores over the weekend. DeepSeek had created a powerful A.I. model with…
MUMBAI: Startups and venture capital (VC) firms are seeking an easier tax regime and measures to boost availability of domestic capital in the upcoming Budget. Parity between foreign and domestic funds in terms of taxation is required to attract foreign investors to Indian alternative investment funds (AIFs), said Siddarth Pai, founding partner at 3one4 Capital…
The COP29 summit in Baku did more than finalise Article 6 of the Paris Agreement – it sent a signal to the world: carbon markets are here to stay, and they can serve to be the financial backbone for climate innovation. For climate tech startups, this is a lifeline. In a world where venture capital…
The San Francisco artificial intelligence start-up Anthropic is in talks to raise a new round of funding that could value the company at $60 billion, up from about $16 billion less than a year ago, according to two people with knowledge of the discussions. Led by the venture capital firm Lightspeed Venture Partners, the new…