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Dive into the latest private equity and venture capital news to discover what's shaping the investment landscape today. Stay ahead of the curve!

Elon Musk-led team submits $97.4B bid for OpenAI

A team of investors led by Elon Musk submitted a $97.6 billion bid to purchase OpenAI on Monday. The news comes by way of Musk’s lawyer, Marc Toberoff,...

Feb 10, 2025

OpenAI

Carta settles two more lawsuits that alleged sexual harassment and discrimination

Carta, which previously faced scrutiny over its workplace environment, has settled two lawsuits filed by women who used to work there....

Feb 10, 2025

Carta

European Payments Giant Klarna Says It Will Look To Integrate Crypto

Klarna Bank AB, a Swedish fintech company popular in Europe, plans to embrace cryptocurrencies on its platform, the firm’s chief executive officer, Sebastian Siemiatkowski announced in a post on X ove...

Feb 10, 2025

Klarna

Nvidia (NVDA) Competitor Groq Secures $1.5B Investment from Saudi Arabia

Groq, a company that specializes in artificial intelligence semiconductors and is generally seen as a competitor to chipmaker Nvidia (NVDA),...

Feb 10, 2025

Groq

Roblox, Discord, OpenAI and Google found new child safety group

Roblox, Discord, OpenAI and Google are launching a nonprofit organization called ROOST, or Robust Open Online Safety Tools, which hopes "to build scalable, interoperable safety infrastructure suited f...

Feb 10, 2025

Discord

Fintech Startup Plaid Said to Tap Goldman Sachs for Share Sale

Plaid Inc., a financial technology firm best known for facilitating communication between startups and traditional banks, is working with Goldman Sachs Group Inc. on a sale of existing shares, accordi...

Feb 10, 2025

Plaid

Anthropic’s new research suggests people use AI for coding the most.

The company’s new “Economic Index” aims to show how AI is impacting the labor market over time. Its initial report shows questions in the “computer and mathematical” category made up 37.5 percent of a...

Feb 10, 2025

Anthropic

Saudi Arabia Announces $1.5 Billion Expansion to Fuel AI-powered Economy with AI Tech Leader Groq

Silicon Valley AI pioneer Groq has secured a $1.5 billion commitment from the Kingdom of Saudi Arabia (KSA) for expanded delivery of its advanced LPU-based AI inference infrastructure. Announced at LE...

Feb 10, 2025

Groq

Musk recruited young DOGE army through online chat groups and Discord servers, report claims

One of the three engineers involved in DOGE recruiting is Anthony Jancso, a former Palantir employee, Wired reported. He was reportedly brought on by Steve Davis, who has helped Musk’s cost-cutting ef...

Feb 10, 2025

Discord

Perplexity’s Super Bowl ‘tweet’ increased app installs by 50%

Perplexity's Super Bowl contest managed to move the needle on its app's downloads. Unlike OpenAI and Google, the AI search engine chose to forgo an...

Feb 10, 2025

Perplexity

OpenAI boss suggests there's the equivalent of Moore's law for AI and it's 'unbelievably stronger'

OpenAI boss Sam Altman has been merrily blogging away about his thoughts on AGI, or Artificial General Intelligence, and there's a lot of food for thought. A key takeaway, however, is his link between...

Feb 10, 2025

OpenAI

OpenAI Just Pulled off the Biggest Super Bowl Upset of All

If you want people to take you seriously—at least, as a marketer— you run an ad during the Super Bowl. The Super Bowl isn’t about selling things, it’s about reminding people that your company is big e...

Feb 10, 2025

OpenAI

Decoding OpenAI’s Super Bowl ad and Sam Altman’s grandiose blog post

Critics of OpenAI would say it's more empty hype designed to continue placating OpenAI's big-pocketed investors....

Feb 10, 2025

OpenAI

OpenAI Has Spoken to Government Officials About DeepSeek Probe

OpenAI has spoken to government officials about the company’s ongoing investigation into whether China’s DeepSeek used data obtained in an unauthorized manner from the ChatGPT maker’s technology, acco...

Feb 10, 2025

OpenAI

NCLT orders Byju’s to file BCCI plea with committee of creditors

The move by the BCCI follows a Supreme Court of India ruling on October 23, which quashed a National Company Law Appellate Tribunal (NCLAT) order that allowed the settlement of a Rs 158-crore payment ...

Feb 10, 2025

BYJU’s

AI will help lower prices, but could be used by authoritarian governments, OpenAI CEO Sam Altman says

OpenAI's Sam Altman suggests artificial intelligence will lead to lower prices for many goods, but warns authoritarian governments could harness AI's power to exert control....

Feb 10, 2025

OpenAI

GrubMarket Announces the Winter 2025 Release for its AI-Powered WholesaleWare

GrubMarket, the AI-powered technology enabler and digital transformer of the American food supply chain industry, as well as one of the largest private food eCommerce companies globally, today announc...

Feb 10, 2025

GrubMarket

Ripple Expands Cross-border Payment to Portugal with New Partnership

Ripple expands its global reach by entering the Portuguese market through a strategic partnership with Unicâmbio. This marks Ripple’s first presence in Portugal, leveraging blockchain technology to en...

Feb 10, 2025

Ripple

Exclusive: Here’s How Amazon Haul Stacks Up Against Temu, Shein With Consumers

Exclusive data from Algolia shows that consumers have a high degree of trust in Amazon Haul, even though many don't know what it is....

Feb 10, 2025

Algolia

Perplexity launches $1M question, with one person winning to become a millionaire

The AI company Perplexity decided to skip airing a television commercial during the Super Bowl and instead put aside $1M to one lucky user....

Feb 10, 2025

Perplexity

Malicious Machine Learning Models Discovered on Hugging Face: Report

Cybersecurity researchers found that malware was being distributed on Hugging Face by abusing Pickle file serialisation....

Feb 10, 2025

Hugging Face

Perplexity update outperforms ChatGPT's paid plan (and it's free)

In a social media post, Perplexity announced that they've increased the context window of their file and image processing tools for free users....

Feb 10, 2025

Perplexity

Ripple News: Analysts Predicts BlocScale’s $BLOC Token To be The Best Performing Asset on XRP

With over 60% of the private sale allocation already secured, investors are rushing to grab a stake in the first-ever launchpad on XRP Ledger. Analysts emphasize that getting in early on BlocScale’s e...

Feb 10, 2025

Ripple

Trump’s acting CFPB head orders staff to pause activity; Klarna to target US IPO in April

The Trump administration has effectively shut down the US Consumer Financial Protection Bureau, ordering the regulator to stop nearly all its core operations....

Feb 10, 2025

Klarna

As Byju's-burnt private investors turn cagey, edtech startups take IPO route to grow

While market conditions appear favourable, investor skepticism about edtech remains, putting question marks on the sector’s ability to sustain investor confidence in the long run....

Feb 10, 2025

BYJU’s

Klarna to Add Cryptocurrency Services Before 2025 US IPO

Swedish fintech giant Klarna announces plans to integrate cryptocurrency services ahead of its $15 billion US IPO in April 2025, ending its position as the last major fintech company to enter the digi...

Feb 10, 2025

Klarna

It's Official. Starlink Is SpaceX's Biggest Money-Maker Now.

If there's one thing that really jumped out at me from Payload Space's just-released report " Estimating SpaceX's 2024 Revenue ," it's the sheer size of SpaceX's Starlink satellite internet business -...

Feb 10, 2025

SpaceX

Cerebras CEO on DeepSeek: Every time computing gets cheaper, the market gets bigger

The economic breakthrough of DeepSeek's techniques will lead not only to an expansion of AI use but a continued arms race to achieve breakthroughs, says CEO Andrew Feldman....

Feb 10, 2025

Cerebras

Todd Schroeder Appointed VP of Federal Government at Databricks

The Databricks VP had a brief eight-month stint as a member of CapitalG Go-To-Market Advisory Board. In this role, Schroeder guided entrepreneurs in scaling their GTM strategy, sales operations and ma...

Feb 10, 2025

Databricks

Kraken Lists Portnoy-Backed Meme Coin JAILSTOOL amid Market Surge

Kraken has listed Stool Prisondente (JAILSTOOL) meme coin as it surged in value on Sunday, fueled by David Portnoy's promotion....

Feb 10, 2025

Kraken

Groq opens largest AI inferencing centre in ME

Groq reportedly launched the largest AI inferencing platform in the Middle East, advancing broader Saudi Arabian digitalisation goals....

Feb 10, 2025

Groq

'Worst financial decision': Techie regrets rejecting Perplexity AI job offer. CEO Aravind Srinivas reacts

After the interaction went viral, Aditya Baradwaj shared he had recently discovered that he had missed another possible job opportunity with a second AI startup. The founder had sent him five emails....

Feb 10, 2025

Perplexity