New York-focused VC Work-Bench has raised a fresh $160M

May 13, 2025
Work-Bench, whose portfolio includes unicorns Spring Health and Socure, just raised a $160 million Fund IV to quadruple down on backing companies in New York City. The firm announced the raise in a blog post on Monday, saying the latest fund will support seed-stage founders building enterprise software. Checks will range from $2 million to […]

NFT phenom CryptoPunks was just sold to a nonprofit

May 13, 2025
Yuga Labs, known as the creator of Bored Ape Yacht Club and other notable NFTs, sold its iconic CryptoPunks to the nonprofit NODE Foundation, which focuses on preserving digital art. The deal details are undisclosed, and a representative declined to comment. Back in April, NODE announced it received a $25 million grant to “build the […]

Anthropic, Google score win by nabbing OpenAI-backed Harvey as a user

May 13, 2025
Popular legal AI tool Harvey will now be using leading foundation models from Anthropic and Google, moving beyond strictly using OpenAI’s, Harvey announced in a blog post on Tuesday. This is noteworthy because Harvey is one of the OpenAI Startup Fund’s most successful early-backed portfolio companies. The OpenAI Startup Fund is an OpenAI-associated fund to […]

AWS enters into ‘strategic partnership’ with Saudi Arabia-backed Humain

May 13, 2025
Amazon says it will work with Humain, the AI company recently launched by Saudi Arabia’s ruler, Mohammed bin Salman, to invest “$5 billion-plus” in a strategic partnership to build an “AI Zone” in Saudi Arabia. The AI Zone will include dedicated Amazon Web Services (AWS) AI infrastructure, servers, networks, and training and certification programs, according […]