The $2 billion deal values the crypto-powered betting site, where users can wager on politics, sports and more, at about $8 billion.
Category: Venture Capital
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Is A.I. Investment Getting Too Circular?
Skeptics of a recent investment spree involving OpenAI and others say deals raise questions about the robustness of the artificial intelligence boom.
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A.I. Fighter Jets and Cockroach Spies: Inside the Changing Business of War
Russia’s war on Ukraine changed the course of a generation of start-ups and investors that have applied a new business model to Europe’s military buildup.
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Trump’s $100,000 Visa Fee Puts Many Tech Start-Ups in a Bind
Silicon Valley start-ups said they were concerned they would be disproportionately hurt by the new visa fee for skilled foreign workers, given their limited resources.
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Robinhood Unveils a Publicly Traded Venture Capital Fund
The brokerage plans to announce a new publicly traded venture capital fund that would let ordinary investors get a piece of privately held start-ups.
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The Billion-Dollar Stakes for OpenAI
The artificial intelligence giant is closing in on a deal with Microsoft regarding its future governance, but other questions stand over its huge costs.
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ASML to Invest $1.5 Billion in Mistral, the French A.I. Start-Up
ASML, the Dutch maker of semiconductor equipment, is investing about $1.5 billion in Mistral, the French A.I. start-up.
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OpenAI Employee Stock Sale Would Value ChatGPT Maker at $500 Billion
At $500 billion, OpenAI would become the world’s most valuable privately held company.
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Clay, a Sales Tool for the A.I. Era, Raises $100 Million
Investors valued the company, which describes its core user as a kind of marketing engineer, at $3.1 billion.
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Swarming to San Francisco’s A.I. Boom: a New Crop of 20-Something CEOs
Some dropped out of M.I.T., Georgetown and Stanford. Others decided not to go to college. They all say they could not afford to wait to build their own artificial intelligence start-ups.
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OpenAI Raises Another Funding Deal, From Dragoneer, Blackstone and More
The venture capital round values the ChatGPT maker at $300 billion, and underscores the fierceness of the A.I. money race.