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Why ‘hold forever’ investors are snapping up venture capital ‘zombies’

Italian company Bending Spoons flew largely under the radar — until last month. In a span of 48 hours, the company announced the acquisition of

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Roblox CEO interview gets heated over child safety

Roblox CEO Dave Baszucki joined The New York Times’ Hard Fork podcast to discuss the gaming platform’s new age verification feature — but he seemed

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Bret Taylor’s Sierra reaches $100M ARR in under two years

Sierra, a 21-month-old, San Francisco-based startup that builds customer service AI agents for enterprises, announced on Friday that it reached $100 million in annual revenue

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Monarch Tractor preps for layoffs and warns employees it may ‘shut down’

Autonomous electric tractor startup Monarch Tractor warned staff Thursday it may need to lay off more than 100 employees, or possibly even ‘shut down,’ according

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a16z-backed super PAC is targeting Alex Bores, sponsor of New York’s AI safety bill — he says bring it on

A pro-AI super PAC backed by Andreessen Horowitz and OpenAI President Greg Brockman has chosen New York Assembly member Alex Bores — and his congressional

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JPMorgan doesn’t want to pay Frank founder Charlie Javice’s legal bills

JPMorgan Chase says it’s been billed a total of $142 million in legal fees for the defense of Charlie Javice and Olivier Amar, respectively the

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VCs abandon old rules for a ‘funky time’ of investing in AI startups

If there’s one thing that VCs agree on when backing AI startups, it’s that AI requires a different investment approach than prior technological shifts. “It’s

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SoftBank’s Nvidia sale rattles market, raises questions

Masayoshi Son isn’t known for half measures. The SoftBank founder’s career has been studded with eyebrow-raising bets, each one seemingly more outrageous than the last.

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Blue Origin scrubs second New Glenn launch, will try again November 12

Jeff Bezos’ space company Blue Origin scrubbed the second launch of its New Glenn mega-rocket planned for Sunday afternoon due to concerns with weather, a

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Rivian gives RJ Scaringe a new pay package worth up to $5B

Rivian has given its founder and CEO RJ Scaringe a new performance-based stock award that could ultimately be worth around $5 billion if all the