Mercury’s CEO formalizes bets on early-stage founders with a $26M fund
Mercury co-founder and CEO Immad Akhund today announced the launch of a $26 million fund to back early-stage startups, a move that formalizes his extensive history of angel investing. Axios first reported in February. Akhund has been an active angel in…
Google launches new initiative to back startups building AI
On Monday, Google announced the launch of its AI Futures Fund, a new initiative that seeks to invest in startups that are building with the latest AI tools from Google DeepMind, the company’s AI R&D lab. The fund will back startups from seed …
Saudi prince launches AI venture as Trump, Musk, Altman, and Zuckerberg arrive for conference
Saudi Arabia’s ruler, Mohammed bin Salman, launched an AI company called Humain to bolster the country’s artificial intelligence sector. The company plans to build out the country’s AI infrastructure, including the construction of dat…
Sam Altman apparently does not respect olive oil
OpenAI CEO Sam Altman is using his olive oil inefficiently in an “offense to horticulture,” the Financial Times humorously reports. For its “Lunch with the FT” series, the paper joined Altman in his kitchen. He prepared a garlic…
OpenAI’s Stargate project reportedly struggling to get off the ground, thanks to tariffs
OpenAI’s ambitious Stargate data center project is facing delays thanks to tariff-related economic uncertainty, reports Bloomberg. Growing market volatility and cheaper AI services have made banks, private equity investors, and asset managers war…