Sequoia Capital, Nvidia and Oracle are all in on artificial intelligence this week. From VC investments in AI applications to skyrocketing demand for AI chips and cloud services, industry leaders are repositioning themselves for an AI-powered future that promises to reshape how we work and...
Swedish buy now, pay later (BNPL) provider Klarna is reportedly experiencing a boardroom conflict as it prepares for its initial public offering (IPO). The company’s board is considering removing board member Mikael Walther, who is an eight-year member of the board and a confidante of...
The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out, Bloomberg reported Monday (July 15), citing unnamed sources. The venture capital firm is offering $27.51 for Stripe shares and will...
Generative artificial intelligence (AI) firm Dust has raised $16 million in additional funding to expand its platform that helps companies deploy AI assistants for internal use cases. The firm will use the new funding, which was led by Sequoia Capital, to add to its team...
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 […]
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 […]
August 27, 2024
Swedish buy now, pay later (BNPL) provider Klarna is reportedly experiencing a boardroom conflict as it prepares for its initial public offering (IPO). The company’s board is considering removing board...
July 15, 2024
The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out, Bloomberg reported Monday (July 15),...
June 27, 2024
Generative artificial intelligence (AI) firm Dust has raised $16 million in additional funding to expand its platform that helps companies deploy AI assistants for internal use cases. The firm will...
