Avendus, India’s top venture advisor, confirms it’s looking to raise a $350 million fund

May 29, 2024

Avendus, the top investment bank for venture deals in India, confirmed on Wednesday it is looking to raise up to $350 million for its new private equity fund.  The new fund, called Future Leaders Fund III, will enable the Mumbai-headquartered firm to write larger checks and maintain a meaningful position in the startups it backs, […]

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China’s $47B semiconductor fund puts chip sovereignty front and center

May 28, 2024

China has closed a third state-backed investment fund to bolster its semiconductor industry and reduce reliance on other nations, both for using and for manufacturing wafers — prioritizing what is called chip sovereignty. China’s National Integrated Circuit Industry Investment Fund, also known simply as ‘the Big Fund,’ had two previous vintages: Big Fund I (2014 […]

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Spyware maker pcTattletale shutters after data breach

May 28, 2024

The spyware maker’s founder, Bryan Fleming, said pcTattletale is “out of business and completely done,” following a data breach.

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AI models have favorite numbers, because they think they’re people

May 28, 2024

AI models are always surprising us, not just in what they can do, but what they can’t, and why. An interesting new behavior is both superficial and revealing about these systems: they pick random numbers as if they’re human beings. But first, what does that even mean? Can’t people pick a number randomly? And how […]

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