Fidelity has cut Reddit valuation by 41% since 2021 investment

techcrunch.com Fidelity, the lead investor in Reddit’s most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41%…

Elon Musk convinced pals Marc Andreessen, Changpeng Zhao and Prince Al Waleed to invest in Twitter. They’re down 67%, according to a new Fidelity filing

fortune.com Last year, Elon Musk burnished his legend as the greatest salesman on the planet by rallying arguably the most prestigious roster of technology superstars ever assembled for…

An alcohol-free San Francisco mansion is now a hype house for developers making their own AI apps

businessinsider.com Hacker Fellowship Zero is cultivating batches of tech developers, many who are jumping into the generative AI wave, per a New York Times report. Simon McGill/Getty. A wave…

‘The Aarthi and Sriram Show’ Nabs Podcast Deal With iHeartMedia

hollywoodreporter.com The Aarthi and Sriram Show, an interview show hosted by veteran tech executives and investors Aarthi Ramamurthy and Sriram Krishnan that first debuted on Clubhouse, has…

Nansen Slashes 30% of Work Force, Aims to Prioritize Sustainable Business

cryptopotato.com Blockchain data analytics firm Nansen Research is slashing its workforce by 30%. Layoffs have been widespread across crypto businesses in the past year. Following the latest…

2 Quick Points to Simplify Venture Capital

datadriveninvestor.com VC firms raise money from investors, such as pension funds, insurance companies, and wealthy individuals, and then use that money to invest in early-stage companies.…

Climate startup CUR8 raises $6.5M from GV for its market-making platform for carbon removals

techcrunch.com The IPCC, has said the world needs to remove 10 billion tonnes of carbon dioxide out of the atmosphere by 2050 in order to avoid a climate cataclysm. And, yes, there are now…

Generative AI’s $7 Trillion Ecosystem: Invest In Nvidia, Microsoft, Adobe And More

forbes.com Generative AI is all the rage — particularly since May 24, when chip maker Nvidia forecast mind-blowing revenue growth driven by demand for its chips from consumer internet…

Crypto watchdog Adrienne Harris says FTX failure shows that New York sets the ‘gold standard’ for regulation

marketwatch.com When New York State first unveiled its digital-asset licensing regime eight years ago, it was widely criticized by crypto boosters as an “abominable” attack on a nascent…

Market Anticipation Builds As Optimism Plans To Unlock $587M Worth Of OP Tokens

bitcoinist.com Optimism developers plan to unlock 386 million OP tokens with a value of over $587 million. This token unlock event will occur on May 31, 2023, marking the end of the…

Five Ways To Make Your Dating App Pitch More Convincing To VCs

forbes.com Bill Alena, Social Discovery Group, is a RevOps and CVC executive with over 20 years in digital media and online dating. As the $9.65 billion global market for dating tech…

Worse than artificial intelligence: OpenAI founder Sam Altman wants to scan your eyes

theglobeandmail.com Jacob Silverman is a journalist in New York. He is the author of two books and the host of the new CBC podcast on the fall of cryptocurrency exchange FTX, The Naked Emperor.…

Marc Andreessen on A.I., bitcoin, and billionaires

reason.com Marc Andreessen has helped a lot of people get rich—including Marc Andreessen. He's made millions of people's lives more fun, more efficient, or just a little weirder while…

Investors are going nuts for ChatGPT-ish artificial intelligence

economist.com S launch in November, a mini-industry has defied the broader slump in tech. Not a week goes by without someone unveiling a “generative” artificial intelligence ( ) based on…

OpenAI's recent share sale for employees was 65% larger than previously reported, raising $495 million

businessinsider.com OpenAI completed a tender offer in April that allowed employees to sell shares to a group of investors. • That sale raised $495 million, considerably more than the $300…

Explaining Blockchain Capital’s Big Bet on an Eyeball-Scanning Orb

techcrunch.com This week, Worldcoin, an outfit that aims to serve as proof of personhood in a world where it’s harder by the day to distinguish a human from a bot, raised $115 million in…

Nym unveils software to enhance Ethereum validators’ privacy with mixnet routing

theblock.co Blockchain project Nym has released a software called “Nym Libp2p" to improve Ethereum validators' privacy. This move comes at a crucial juncture when Ethereum’s transition…

a16z releases anonymous voting system for Ethereum

cointelegraph.com Venture capital fund Andreessen Horowitz, also known as “a16z,” has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the…

ChatGPT Creator’s Eye-Scanning Crypto Project Secures $115,000,000 in Series C Funding Round

dailyhodl.com A new crypto project co-founded by OpenAI chief executive Sam Altman just raised $115 million in additional investment during a series C funding round led by venture capital…

OpenAI CEO raises $115M for crypto company that scans people’s eyeballs

arstechnica.com A company co-founded by OpenAI CEO Sam Altman has raised $115 million for Worldcoin, a crypto coin project that scans users' eyeballs in order "to establish an individual's…

Sam Altman’s Worldcoin raises $115M in Series C round

cryptoslate.com Sam Altman has successfully raised $115 million in a Series C funding round for Worldcoin, Reuters reported May 25. Blockchain Capital led the raise, with Andreessen…

Euro Coin: Circle Launches Stablecoin on Avalanche Blockchain to Facilitate Fast & Efficient Payment Systems

coinspeaker.com Coinspeaker Euro Coin: Circle Launches Stablecoin on Avalanche Blockchain to Facilitate Fast & Efficient Payment Systems Circle has launched a euro-based stablecoin on the…

ChatGPT Maker OpenAI Threatens to Leave Europe Over Proposed AI Rules

beincrypto.com ChatGPT creator OpenAI Sam Altman said that the AI platform might have to leave Europe if current regulation drafts remain unchanged. He said that the EU’s current draft of…

ChatGPT: Everything you need to know about the AI-powered chatbot

techcrunch.com ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. It’s able to write essays, code and more given short text prompts, hyper-charging productivity.…

Astranis’ novel approach to internet satellites is starting to pay off

techcrunch.com Astranis, a satellite internet startup based in San Francisco, said Wednesday that its first spacecraft completed a milestone test and will start bringing broadband access…

First Astranis internet satellite working ‘perfectly’ as company readies to bring coverage to Alaska

cnbc.com Astranis, a San Francisco-based company with an alternative approach to providing internet access from satellites, has its first spacecraft in orbit and the company on…

Using Generative AI to Unlock Probabilistic Products

a16z.com One remarkable thing about the invention of generative AI is that it’s one of the first examples of a probabilistic computer that produces outputs that are varied and…

Mark Otero Shares Why a16z Invested in Azra Games' Approach to Gaming

decrypt.co Mark Otero Shares Why a16z Invested in Azra Games' Approach to Gaming What is Azra Games' approach to NFTs in gaming? Azra Games CEO Mark Otero shares his vision and why he…

Nab two-for-one Disrupt passes at our weeklong Memorial Day sale

techcrunch.com Here in the States, we’re about to kick off the unofficial start of summer, and nothing puts us in a festive mood faster than a three-day weekend filled with family, friends…

WeWork has frittered away $46.7 billion in value as the stock sinks below 50 cents, one of the biggest startup failures of all time, and venture capitalists…

businessinsider.com WeWork released an embarrassing statement recently about the NYSE threatening to delist its stock. • Beyond Softbank, several VCs still had large stakes including Benchmark…

VC Firm Andreessen Horowitz Releases New Optimism Rollup Client

cryptobriefing.com Venture Capital firm a16z is aiming to diversify Optimism’s rollup clients with a client of its own. Andreessen Horowitz is launching new infrastructure on Optimism. The…

How the titans of tech investing are staying warm over the VC winter

economist.com V are not known for humility. But many have been striking a humbler tone of late. In a recent letter to investors Tiger Global, a hedge fund and venture-capital ( )…

How AI could disrupt video-gaming

economist.com F coloured objects around a screen at high speed is not what computers’ central processing units were designed for. So manufacturers of arcade machines invented the…