Kevin Hartz’s A* takes a ‘less-is-more’ approach with new $450m fund
While AI peers chase billion-dollar megafunds, the Eventbrite founder’s venture firm has gone the other way. Kevin Hartz, the Eventbrite co-founder turned long-time seed investor, has closed a $450m fund at A*, his San Francisco venture firm, according to Bloomberg. The vehicle pointedly avoids the multi-billion-dollar AI megafund template that has dominated venture fundraising for […]<br /> This story continues at The Next Web [...]
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Finland’s ICEYE hits a €10bn valuation, quadrupling in six months as Europe scrambles for its own spy satellites
Six months ago, ICEYE was worth €2.4bn. Today it is worth more than €10bn. Few numbers capture Europe’s defence-tech boom as bluntly as that. The Finnish satellite company has raised €450mn in [...]
A British AI lab signed up Nvidia, Meta and Samsung to invent materials that don’t exist yet
A two-year-old British AI lab wants to build the search engine for materials that do not exist yet. On Monday it gathered an unusual crowd to help. Cambridge-based CuspAI launched the AI Materials Fou [...]
Meta will fund seven new natural gas plants to power its biggest data center yet
Meta will essentially foot the power bill for the $27 billion mega data center it's building in Louisiana. On Friday, the Wall Street Journal reported that the company struck a deal to fund the e [...]
Three more senior executives leave OpenAI as the company kills its side quests
Summary: Three senior OpenAI executives, former CPO Kevin Weil, Sora head Bill Peebles, and enterprise CTO Srinivas Narayanan – departed on the same day as the company shuts down “side quests” i [...]
OpenAI's Sam Altman and Science VP Kevin Weil hype AI-assisted dog cancer story ignoring there's no proof the vaccine worked
An Australian AI consultant used ChatGPT, AlphaFold, and Grok to find a possible treatment for his dog Rosie's incurable cancer. The story went viral after high-profile AI executives like OpenAI& [...]