A little-known company called Fluidstack has become a test bed for Google’s plans to push its own AI chip. That’s helped it hit a $18 billion valuation and minted its founders as new billionaires.
A hot new AI agent called Instinct was valued at $500 million earlier in August, sources say. Now it’s raising a new round at a $2.5 billion valuation from Benchmark and Index.
The Chinese-owned social network has been flooded with advertisements pushing street drugs and prescription pills like codeine, benzos and Adderall.
TikTok made $9.1 billion and its first profit in Europe and Latin America but faces a wave of lawsuits and investigations from European regulators.
Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation.
Periodic Labs, which plans to push breakthroughs in physics and chemistry using artificial intelligence, has seen its valuation jump sixfold in just eight months.
A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi.
OnlyFans has been a money-printing machine for its secretive billionaire owner Leonid Radvinsky. Investors were puzzled by an obscure debt fund’s pitch to buy him out, until they learned of his terminal cancer diagnosis.
Masha Bucher is one of the more high profile female VCs in Silicon Valley. New emails released from the Department of Justice reveal a deep, years long relationship with convicted sex trafficker Jeffrey Epstein.
Revolut cofounder Nik Storonsky is the latest billionaire to shift their residence away from the U.K. after the British government scrapped a generous tax break