Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26). Silicon Valley venture capital (VC) firm Sequoia Capital has committed to investing in the startup,...
Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI. Roelof Botha, partner at Sequoia Capital, said that while Sequoia Capital has been a long-time investor in OpenAI, the firm is not actively...
Venture firm Greylock Partners is reportedly experiencing a transition as Reid Hoffman, a prominent figure in the tech industry, scales back his involvement in new deals. Hoffman, a co-founder of LinkedIn and a member of the “PayPal Mafia,” has decided to focus on artificial intelligence (AI), leading to...
Silicon Valley venture firm Sequoia Capital has reportedly downsized two major funds due to the downturn in the startup market. In a move reflecting the changes within tech investing, Sequoia cut the size of its cryptocurrency fund to $200 million from its original $585 million, as...
June 23, 2023
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal Deposit Insurance Corp. (FDIC) quickly stepped in and backstopped SVB’s […]
April 29, 2024
AI may represent a “field of dreams,” but investors are reportedly seeing a potential nightmare. As The Wall Street Journal (WSJ) reported Monday (April 29), startups in the artificial intelligence (AI) space continue to take in billions of dollars in investments, although many of those businesses have yet to produce a viable product. This has led to […]
April 26, 2024
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26)....
October 02, 2023
Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI. Roelof Botha, partner at Sequoia Capital, said that...
August 30, 2023
Venture firm Greylock Partners is reportedly experiencing a transition as Reid Hoffman, a prominent figure in the tech industry, scales back his involvement in new deals. Hoffman, a co-founder of LinkedIn and a...
