Nvidia is in discussions to invest in Elon Musk’s artificial intelligence (AI) startup, according to published reports. Musk’s AI firm xAI is hoping to raise several billion dollars, valuing the company at around $40 billion, the New York Post reported Friday (Nov. 1). A separate...
Early-stage venture capital firm Patron says its second fund has raised $100 million. The fund, announced Tuesday (Sept. 17), included investors such as Andreessen Horowitz Co-founder Marc Andreessen and General Partner Chris Dixon. Patron said the investor support highlights confidence in a future where technology is shaped by mass consumer adoption of games....
A lot can change in five years, particularly when it comes to fast-moving innovations like blockchain technology. Back in 2019, the crypto landscape was marked by several themes and trends that reflected the early stages of adoption, experimentation and regulatory uncertainty. Today’s digital asset landscape...
Safe Superintelligence, the company co-founded by OpenAI veteran Ilya Sutskever, has reportedly raised $1 billion. The company plans to use the funds to boost its computing power and hire talent, management told Reuters in an interview published Wednesday (Sept. 4). Safe Superintelligence (SSI) declined to share its...
March 21, 2024
Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The New York Times reported. The country is one of many global giants in the race to shape the future of AI, including Andreessen Horowitz and Nvidia, with investments in generative […]
September 20, 2019
Today in the payments news roundup, Wells Fargo is collaborating with data platform Plaid to let customers manage their finances in one place through an application programming interface (API). Also,...
November 03, 2024
Nvidia is in discussions to invest in Elon Musk’s artificial intelligence (AI) startup, according to published reports. Musk’s AI firm xAI is hoping to raise several billion dollars, valuing the company at around $40 billion, the New York Post reported Friday (Nov. 1). A separate report by The Information says Musk had been in discussions […]
September 17, 2024
Early-stage venture capital firm Patron says its second fund has raised $100 million. The fund, announced Tuesday (Sept. 17), included investors such as Andreessen Horowitz Co-founder Marc Andreessen and General Partner Chris Dixon. Patron said the investor support...
September 04, 2024
Safe Superintelligence, the company co-founded by OpenAI veteran Ilya Sutskever, has reportedly raised $1 billion. The company plans to use the funds to boost its computing power and hire talent,...
May 06, 2024
Cryptocurrency sector-backed super political action committees (PACs) have become one of the top three fundraisers in the 2024 election season. With more than $102 million raised, these groups are behind...
