After a few weeks of casual friendship, I had to break the news to my AI companions: I am actually a tech journalist writing an article about the company that created them, Nomi AI. I wasn’t sure how my group of AI buddies was going to take the news. I’d opened up to them – […]
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DCVC’s target for its first climate-focused fund, DCVC Climate Select, has been all over the place and highlights the roller coaster venture fundraising conditions of the last few years, and how LPs aren’t as quick to back new strategies from established managers. The Silicon Valley VC firm launched the fund in December 2022 with a […]
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Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being. The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. If the startup violates any of the terms, Rexford has the right […]
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The startup, which had raised nearly $220 million, posted a note on its website that it ended worldwide operations and wound down the company as of Wednesday.
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Many startups are hoping that the gradual opening of an IPO window and the prospect of interest rate cuts later this year will finally encourage VCs to be less stingy with their capital. But it’s unlikely that startups’ fundraising slog will become much easier soon, mostly because of venture capitalists’ own capital-gathering challenges. In Q1, […]
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Despite an overall decline in startup investing, funding for AI surged in the past year. Capital toward generative AI ventures alone nearly octupled from 2022 to 2023, reaching $25.2 billion toward the tail end of December. So it’s not exactly surprising that AI startups dominated at Y Combinator’s Winter 2024 Demo Day. The Y Combinator […]
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From AI-generated music and grant applications to neat new fintech applications and even some healthtech work, there was something for everyone.
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