Capital One acquires Brex for steep discount to its peak valuation, but early believers are laughing all the way to the bank
Before everyone sharpens their knives, consider that for the VCs who backed Brex at its outset, the sale is a triumph.
Anthropic’s CEO stuns Davos with Nvidia criticism
Anthropic CEO Dario Amodei unloaded on both the administration and U.S. chip companies over plans to sell to China. The criticism was particularly notable because one of those chipmakers, Nvidia, is a major partner and investor in Anthropic.
Sequoia to invest in Anthropic, breaking VC taboo on backing rivals: FT
Sequoia Capital is reportedly joining a blockbuster funding round for Anthropic, the AI startup behind Claude, according to the Financial Times. It’s a move sure to turn heads in Silicon Valley. Why? Because venture capital firms have historicall…
Why Silicon Valley is really talking about fleeing California (it’s not the 5%)
If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would…
Who gets to inherit the stars? A space ethicist on what we’re not talking about
While it’s easy to romanticize space as an escape to a pristine frontier where people will float weightlessly among the stars, it’s worth remembering there are no oceans or mountains or chirpy birds in space. It’s “not nice up there,” said Rubenstein. …
Musk wants up to $134B in OpenAI lawsuit, despite $700B fortune
Musk’s legal team argues he should be compensated as an early startup investor who sees returns “many orders of magnitude greater” than his initial investment.
Silicon Valley’s messiest breakup is definitely headed to court
OpenAI and Microsoft tried to dodge a courtroom showdown with Elon Musk, but a federal judge on Thursday rejected their requests to dismiss the case.
The venture firm that ate Silicon Valley just raised another $15 billion
In a blog post published Friday morning, Ben Horowitz writes that “as the American leader in Venture Capital, the fate of new technology in the United States rests partly on our shoulders.” It’s the kind of statement certain to cause agita at rival firms.
Google and Character.AI negotiate first major settlements in teen chatbot death cases
The settlements are among the first tied to lawsuits accusing AI companies of harming users.
Meta’s Manus news is getting different receptions in Washington and Beijing
Chinese officials are reportedly reviewing whether the Meta deal violates technology export controls, potentially giving Beijing leverage it wasn’t initially perceived as having.