Julie Bort - Live Now Tech

OpenAI’s $200M DoD contract could squeeze frenemy Microsoft

The contract could put the model maker in competition with the OpenAI services that Microsoft wants to sell to the DoD.

Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund.

Rising-star defense tech Mach Industries has announced a new $100 million round from Khosla, Bedrock and Sequoia.

The tech industry talks a lot about how AI is going to transform work. Legal startup Crosby, which just came out of stealth, is an extreme example.

Meta’s deal to sort-of but not really acquire AI startup Scale, giving it 49% ownership, is certainly unusual.

Iconiq pursued Chime because the founders were focused, and didn’t get distracted by “shiny new objects.”

Lately, Felicis, like most VCs, has been all over AI. Its portfolio now includes, for example, Browser Use, Poolside, Runway, and Supabase.

In 2016 when Chime desperately needed cash, over 100 VCs said no. One seed VC, took a chance and saved the company, co-founder Ryan King recalls.

A concept Landbase’s CEO calls “digital trust” led nearly 130 VCs to pursue the “vibe GTM” startup.

Spanish startup Multiverse Computing announced that it raised an enormous Series B round on the strength of a technology it calls “CompactifAI.”