Alphabet to buy Intersect Power to bypass energy grid bottlenecks
Google parent Alphabet has agreed to buy Intersect Power, a data center and clean energy developer, for $4.75…
Lightspeed raises record $9B in fresh capital
After a surge of VC investments from the 2021 bubble failed to yield strong returns from many venture…
Lovable projects $1B in ARR within next 12 months
Vibe coding startup Lovable aims to hit $1 billion in annual recurring revenue within the next 12 months,…
After a string of successes, early-stage fund Felicis raises fresh $900M
Felicis founder Aydin Senkut is celebrating his 19th year as an institutional early-stage investor by announcing the firm’s…
One of Elon Musk’s longtime VCs is suing his former employer after allegedly being fired
Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon…
Meta taps former Google DeepMind director to lead its AI research lab
Meta has chosen Robert Fergus to lead its Fundamental AI Research (FAIR) lab, according to Bloomberg. Fergus had…
Founders Fund’s new $4.6B fund indicates an era of big VC spending
Peter Thiel’s Founders Fund has completed the raise of its third growth fund, according to an SEC filing.…
Meta faces publisher copyright AI lawsuit in France
Meta is facing an AI copyright publisher lawsuit in France accusing it of economic “parasitism,” Reuters reports. The…
Meta is reportedly planning a standalone AI chatbot app
Meta reportedly plans to release a standalone app for its AI assistant, Meta AI, in a bid to…
Figure AI is in talks to raise $1.5B at 15x its last valuation
Silicon Valley-based robotics startup Figure AI is in talks to raise a massive $1.5 billion round at a…
Elon Musk’s AI company, xAI, said to be in talks to raise $10B
Elon Musk’s AI company, xAI, is said to be in talks to raise $10 billion in a round…
OpenAI plans to open an office in Germany
OpenAI is expanding its footprint to Germany. According to a press release issued Friday, the ChatGPT maker plans…