OpenAI is an artificial intelligence (AI) success story. But one of its early investors says it is the exception in an overvalued sector, not the rule, according to a Sunday (Oct. 29) Financial Times report. Speaking to the newspaper at a recent tech conference, Vinod Khosla said the...
Federal regulators are reportedly sweetening the deal for two failed banks. The Federal Deposit Insurance Corporation (FDIC) is open to negotiating sharing losses if that speeds the sales of Silicon Valley Bank and Signature Bank, the Financial Times (FT) reported Friday (March 17), citing unnamed sources. Reached...
A group of venture capital firms is reportedly working to reclaim parts of Silicon Valley Bank. Companies in talks to preserve the failed bank — known for its service of tech sector clients — include General Catalyst, Andreessen Horowitz and Khosla Ventures, the Financial Times...
San Francisco-based Nextdoor is set to merge with Khosla Ventures Acquisition Co. II (KVSB), a special purpose acquisition company (SPAC) that is listed on the Nasdaq. When the deal closes, the combined company will be listed under the ticker symbol “KIND,” the companies said in...
November 29, 2023
Some of OpenAI’s biggest investors are reportedly not invited to the company’s new board. That includes Microsoft, which has invested more than $10 billion in the artificial intelligence (AI) company, according to published reports Tuesday (Nov. 29). A report by Reuters quotes a source close to the matter who says the board — re-formed following the recent firing […]
October 29, 2023
OpenAI is an artificial intelligence (AI) success story. But one of its early investors says it is the exception in an overvalued sector, not the rule, according to a Sunday (Oct....
March 17, 2023
Federal regulators are reportedly sweetening the deal for two failed banks. The Federal Deposit Insurance Corporation (FDIC) is open to negotiating sharing losses if that speeds the sales of Silicon...
March 14, 2023
A group of venture capital firms is reportedly working to reclaim parts of Silicon Valley Bank. Companies in talks to preserve the failed bank — known for its service of...
