Charles Hudson, managing partner of Precursor Ventures, told an audience at AfroTech the basics of knowing when to invest: A company should have product-market fit and some form of traction. But the next thing he said garnered some surprised looks from the audience: Founders should test investors with a small issue to see how they […]
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OpenAI was at one point considering acquiring Cerabras, an AI chipmaking company that’s in the process of going public. According to new exhibits filed in Elon Musk’s ongoing lawsuit against OpenAI, OpenAI was contemplating snatching up Cerebras in or around 2017 — a year after Cerebras’ founding and just a few years after OpenAI achieved […]
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Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to raise in the transaction. Pony operates a fleet of 190 “robotrucks” in Beijing and Guangzhou and more than 250 robotaxis in Beijing, Guangzhou, Shenzhen, and […]
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The travel industry continues to gain ground, expected to break $11 trillion in revenues this year, and consumers are evolving from so-called “revenge travel” post-Covid-19, to dedicating a growing share of their budget to a wider array of experiences away from home. Add AI into the mix, and that spells a bump of investment into […]
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A startup is training an AI model that it claims will enable creators to generate cinematic worlds, with complete control over the scenery, characters, lighting, and motion. How? By having humans strap cameras to their backs and hike around the world. Odyssey, founded by self-driving pioneers Oliver Cameron and Jeff Hawke (Cameron was previously the […]
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Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI algorithms to run on commodity processors. The transaction is subject to applicable regulatory reviews and other customary closing conditions. The terms weren’t disclosed.
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Tozero, a Munich-based startup that recovers valuable raw materials from recycled lithium-ion batteries, is gearing up to scale. The startup just closed an oversubscribed €11 million seed round (around $11.7M) to step up production by building its first industrial deployment (A.K.A first-of-a-kind or FOAK) plant. Currently, Tozero’s pilot plant processes nine tonnes of lithium-ion battery […]
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What’s the secret to success? It isn’t any of the trends that so many founders in Silicon Valley subscribe to, a16z’s Martin Casado says.
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Cybersecurity continues to command a lot of attention from enterprises looking for better protection from malicious hackers, and VCs want in on the action. In the latest example, TechCrunch has learned and confirmed that Upwind — a specialist in assessing and securing cloud infrastructure — is closing in on a $100 million round at a […]
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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here! This week probably wasn’t the best one to make any type of big announcement. But when it comes to startups, there are quite a few contrarians, leaving us […]
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