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Sources: Elon Musk’s xAI has secured $500M in commitments from investors toward a $1B goal and is aiming for a valuation of $15B to $20B (Bloomberg)

    Bloomberg: Sources: Elon Musk’s xAI has secured $500M in commitments from investors toward a $1B goal and is aiming for a valuation of $15B to $20B  —  – Grok maker aims for valuation of at least $15 billion  — Investors… Read More »Sources: Elon Musk’s xAI has secured $500M in commitments from investors toward a $1B goal and is aiming for a valuation of $15B to $20B (Bloomberg)

    Sources: Flexport is raising $260M from Shopify, one of its biggest shareholders; Shopify sold its logistics business to Flexport in exchange for equity in 2023 (Theo Wayt/The Information)

      Theo Wayt / The Information: Sources: Flexport is raising $260M from Shopify, one of its biggest shareholders; Shopify sold its logistics business to Flexport in exchange for equity in 2023  —  Flexport is raising $260 million from e-commerce software giant… Read More »Sources: Flexport is raising $260M from Shopify, one of its biggest shareholders; Shopify sold its logistics business to Flexport in exchange for equity in 2023 (Theo Wayt/The Information)

      Sources: the DOJ and FTC are in discussions over which agency can probe the Microsoft-OpenAI partnership and who can probe AI companies for scraping web content (Josh Sisco/Politico)

        Josh Sisco / Politico: Sources: the DOJ and FTC are in discussions over which agency can probe the Microsoft-OpenAI partnership and who can probe AI companies for scraping web content  —  One of the most high-profile tech partnerships in years… Read More »Sources: the DOJ and FTC are in discussions over which agency can probe the Microsoft-OpenAI partnership and who can probe AI companies for scraping web content (Josh Sisco/Politico)

        YouTube’s head of gaming Leo Olebe was among the 100 staff laid off from the company this week (Dean Takahashi/VentureBeat)

          Dean Takahashi / VentureBeat: YouTube’s head of gaming Leo Olebe was among the 100 staff laid off from the company this week  —  When Google’s YouTube video division confirmed 100 layoffs on Wednesday, Leo Olebe, who was head of YouTube… Read More »YouTube’s head of gaming Leo Olebe was among the 100 staff laid off from the company this week (Dean Takahashi/VentureBeat)

          Sources: Sam Altman has held talks to raise billions, including $8B to $10B from Abu Dhabi-based G42, to set up a network of factories to manufacture chips (Bloomberg)

            Bloomberg: Sources: Sam Altman has held talks to raise billions, including $8B to $10B from Abu Dhabi-based G42, to set up a network of factories to manufacture chips  —  – Push reflects concern about potential semiconductor shortage  — Project would… Read More »Sources: Sam Altman has held talks to raise billions, including $8B to $10B from Abu Dhabi-based G42, to set up a network of factories to manufacture chips (Bloomberg)

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