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Read previewLinkedIn cofounder Reid Hoffman had some choice words for venture capitalist David Sacks after he endorsed Donald Trump earlier this month. "Sadly, rather than originality, Sacks' letter awkwardly regurgitates pro-Trump groupthink." "The voters have experienced four years of President Trump and four years of President Biden," Sacks wrote in his letter. With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. Sacks' support for Trump — and Hoffman's vocal condemnation for it — comes as a growing faction of Silicon Valley elites have voiced their support for the former president post-conviction.
Persons: , Reid Hoffman, David Sacks, Donald Trump, Sacks, Joe Biden's, Biden, Hoffman, Trump, Sacks hasn't Organizations: Service, Business, Trump, Putin, Silicon, Republican
U.S. is closer to curbing investments in China's AI, tech sector
  + stars: | 2024-06-22 | by ( ) www.cnbc.com   time to read: +4 min
Public comments on the proposed rules will be accepted until Aug. 4. watch nowTreasury said the new rules were intended to implement "a narrow and targeted national security program" focused on certain outbound investments in countries of concern. Treasury had mapped out the contours of the proposed rules in August. Certain third-country transactions determined to be addressing national security concerns, or in which the third country adequately addressed the national security concerns, could also be exempted, Treasury said. "U.S. investors will need to engage in more extensive due diligence when making investments in China or investments involving Chinese companies that operate in the covered sectors," she said.
Persons: Joe Biden, Investment Security Paul Rosen, Laura Black, Akin Gump, Black, Treasury's Organizations: U.S . Treasury Department, Investment Security, Treasury, Treasury Department, U.S Locations: Europe, United States, Binzhou, East China's Shandong province, China, U.S, Macao, Hong Kong, Washington
Mike Segar | ReutersBEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings in the near future. The new policy included a section on expanding exit channels for venture capital, with an emphasis on supporting companies with technological breakthroughs. Investors, especially those who put U.S. dollars into China-based venture capital funds, have preferred IPOs in the U.S. as the largest and most liquid market. Separately, the U.S. has increased its scrutiny of U.S. capital going into China, especially military-related entities. The China Securities Regulatory Commission has increased fines for misleading investors and clarified requirements for overseas IPOs.
Persons: Mike Segar, Marcia Ellis, Morrison Foerster, Ellis, Winston Ma, Ming Liao, Didi, Morrison Foerster's Ellis, Fang Xinghai, Fang Organizations: New York Stock Exchange, Reuters, State Council, U.S, Venture, NYU School of Law, Investors, Prospect, CNBC, China Securities Regulatory Commission Locations: Manhattan, New York City , New York, U.S, Reuters BEIJING, China, Prospect Avenue, Hong Kong, London
The Biden administration on Friday outlined its plans to curb new American investment in critical Chinese technology industries that could be used to enhance China’s military, further straining economic ties with Beijing at a time when trade tensions are rising. The proposed Treasury Department rules would prohibit certain U.S. investments in Chinese companies that are developing semiconductors, quantum computers and artificial intelligence systems. The Biden administration is trying to restrict American financing from helping China develop advanced technology that could be used for weapons tracking, government intelligence and surveillance. They come nearly a year after President Biden signed an executive order calling for the investment ban, which will largely affect venture capital and private equity firms that do business with Chinese companies. “This proposed rule advances our national security by preventing the many benefits certain U.S. investments provide — beyond just capital — from supporting the development of sensitive technologies in countries that may use them to threaten our national security,” said Paul Rosen, the Treasury Department’s assistant secretary for investment security.
Persons: Biden, , Paul Rosen Organizations: Beijing, Department, Treasury Locations: China
Donald Trump’s potential vice president picks
  + stars: | 2024-06-21 | by ( Kaanita Iyer | ) edition.cnn.com   time to read: +15 min
CNN —Former President Donald Trump has been busy in recent weeks. Doug Burgum speaks during a campaign event with former President Donald Trump, in Laconia, New Hampshire, in January. Vance, shakes hands with former President Donald Trump during a rally hosted by the former president at the Delaware County Fairgrounds in Delaware, Ohio. He is also close with Donald Trump Jr.Vance, a former venture capitalist, veteran and author, is among the candidates who received vice-presidential vetting materials from the Trump campaign. Rep. Byron Donalds speaks before former President Donald Trump at the “People's Convention” of Turning Point Action on June 15, 2024, in Detroit.
Persons: Donald Trump, Trump, Doug Burgum, Al Drago, Burgum, Burgum —, , CNN’s Kaitlan Collins, , ” Burgum, , Sen, Marco Rubio, Joe Raedle, Florida Sen, Marco Rubio —, Rubio, Joe Biden, Vance, Drew Angerer, Vance Ohio Sen, J.D, Donald Trump Jr, Mike Pence’s, Tim Scott, Justin Sullivan, Tim Scott Trump, Scott, Nikki Haley, Elise Stefanik, Chip Somodevilla, Stefanik, Stefanik —, she’s, Ben Carson, Anna Moneymaker, Carson —, — didn’t, ” Carson, Carson, ” Trump, Byron Donalds, Carlos Osorio, Ron DeSantis, Donalds, Jim Crow, ” Donalds, ” “, Tasos Katopodis, Biden, Haley, ” Haley, didn’t, Tom Cotton, Andrew Harnik, Tom Cotton Arkansas Sen, Cotton, Tulsi Gabbard, Brendan Smialowski, wokeness, ” Gabbard, Gabbard, CNN’s Veronica Stracqualursi, David Wright, Shania Shelton, Kristen Holmes, Steve Contorno, Stephen Collinson, Avery Lotz, Manu Raju, Alayna Treene, Kate Sullivan, Aaron Pellish, Jeff Zeleny, Eva McKend, Gregory Krieg, Kylie Atwood, Arit John, Ebony Davis, Clare Foran, Ali Zaslav, Ted Barrett Organizations: CNN, Republican National Convention, North Dakota Gov, Bloomberg, Getty, Doug Burgum North Dakota Gov, Microsoft, Trump, Miami - Dade Country Fair, Delaware County Fairgrounds, Capitol, Fox News, Greenville Convention Center, South, Republican, Senate, South Carolina Gov, Grace Baptist Church, Ben Carson Former Housing, Urban, Department of Housing, Florida Gov, Trump ”, Democratic, Press, GOP, United Nations, UN, National Security Council, House, Senate Republican, NBC, Conservative Political, Conference, Tulsi, Former Hawaii Rep, Democratic National Committee, Democrat, New York Times, Defense Department, State Department Locations: New York, Laconia , New Hampshire, Miami, Florida, Delaware, Delaware , Ohio, Congress, Ukraine, Greenville, Greenville , South Carolina, South Carolina, Grappone, Concord , New Hampshire, Marion , Iowa, Detroit, Byron Donalds Florida, Trump, West Des Moines , Iowa, Washington , DC, Afghanistan, Iraq, National Harbor , Maryland, AFP, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture capital veteran Alan Patricof: The startup business has never been better than it is nowAlan Patricof, Primetime Partners chairpreson and co-founder, joins 'Power Lunch' to discuss the IPO market, startups and the AI space.
Persons: Alan Patricof Organizations: Email Venture, Partners
New York CNN —Since February, when Alabama’s Supreme Court declared frozen embryos are legally considered children, fertility clinics around the country have been weighing the implications of a political movement that’s suddenly turned hostile toward IVF. It could also threaten growth in the booming IVF market, which last year brought in an estimated $8 billion in revenue. IVF also took center stage last week at the Southern Baptist Convention, where church leaders effectively condemned the practice. I have never seen any religious or government guardrail ever stop fertility patients. I’m a former fertility patient, and no one was going to tell me no — I was going to do whatever it took to have the family I always dreamed about.
Persons: that’s, Nightcap, Gina Bartasi, It’s, I’m, Kindbody, Gina Bartasi Kindbody, , who’s Organizations: New, New York CNN, Alabama, Southern Baptist Convention, Progyny, Southern Baptists, United, Aetna, Blues, Bloomberg Locations: New York, America, Alabama, Cigna, Manhattan
30-year-old Caspar Lee was once a YouTube megastar and is now a serial entrepreneur. Caspar LeeCaspar Lee belongs to a crop of content creators who found early success on YouTube back in the 2010s, commanding millions of views on the platform. Lee said his first venture into entrepreneurship was when in 2017 he co-founded the influencer marketing company Influencer.com, alongside Ben Jeffries. Lee co-founded a venture capital firm Creator Ventures with his cousin Sasha Kaletsky in 2022. Caspar LeeThereafter, Lee co-founded Proper Living — accommodation in Cape Town for students and young professionals.
Persons: Caspar Lee, Caspar Lee Caspar Lee, Zoe Sugg, Marcus Butler, Joe Sugg, Ed Sheeran, Justin Timberlake, Anna Kendrick, Kevin Hart, Lee, Goldman Sachs, they're, Ben Jeffries, Joe Suggs, Sasha Kaletsky, Caspar Lee Thereafter, I've, Influencer.com, Sasha Kaletsky —, Kaletsky, shouldn't Organizations: YouTube, CNBC, Google, MVE, IMG, Endeavor Group, Ventures, Forbes, Bridgepoint, Labs Locations: England, Knysna, South Africa, American, Cape Town, Europe, London
That figure rose to more than a third (38%) for the top 40 European and Israeli generative AI companies in terms of venture funding raised, and 60% for the top 10 generative AI companies for funding levels. Google bought British AI lab DeepMind in 2014, and the firm's tech is now key to AI products including its Gemini generative AI tools. Many AI founders are professors, tooAccel noted universities play a major role in the creation of generative AI startups. British universities are the most popular study destination for generative AI founders, Accel's research found. France's Ecole Polytechnique is the second-highest academic founder factory in Europe, with 7% of generative AI founders having studied there.
Persons: Arthur Mensch, Porte de Versailles, Dealroom, Harry Nelis, Europe's, Nelis, Timothee Lacroix, Guillaume Lample, Laurent Sifre, Karl Tuyls, Charles Kantor, Mistral, Accel, , Lourdes Agapito, Agapito, Matthias Niessner, Victor Riparbelli, Steffen Tjerrild Organizations: Viva Technology, Parc, Chesnot, Getty, Accel, Apple, Google, Microsoft, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Facebook, Research, Meta, Amazon, Stanford University, British, University College London, UCL, University of Cambridge, France's Ecole Polytechnique Locations: Paris, France, Europe, Israel, Israeli, Alpha Germany, United Kingdom, British, London, France's
Scientists have long considered nuclear energy one of the cleanest and most reliable forms of energy production. Tech companies at the forefront of the AI revolution are also turning to nuclear energy to power their vast AI data centers. A new fuel cycle for nuclear powerTransmutex's technology destroys nuclear waste and produces new nuclear fuel. AdvertisementNuclear physicists say the company's technology avoids one of the biggest concerns with nuclear energy: that the same fuel used to power nuclear plants can also be used to manufacture atomic weapons. Oklo, a startup backed by OpenAI CEO Sam Altman, is betting on generating nuclear power through small nuclear reactors.
Persons: , Jennifer Granholm, Franklin Servan, Schreiber, Transmutex, Cameron Porter, Andrei Afanasev, George, Afanasev, Mark Zuckerberg, Sam Altman, nicolas lieber, photographie Servan Organizations: Service, Business, US, . Tech, Steel, George Washington University's Institute for Nuclear Studies, Department of Energy, Energy Locations: Swiss, Switzerland, United States, Saudi Arabia, Transmutex, Georgia
Editor’s Note: Melinda French Gates is a philanthropist, business leader and global advocate for women and girls. CNN —As President Joe Biden faces former President Donald Trump in another contest for the White House, the stakes for women and families couldn’t be higher. Obstetricians have fled states with strict bans, which could leave women without access to basic services like contraceptives. And he continues to fight for more affordable child care, home care for older Americans and people with disabilities and a long-overdue paid family and medical leave policy. While Trump has boasted about rolling back the rights of women, Biden understands that the future of our country depends on them.
Persons: Melinda French Gates, Joe Biden, Donald Trump, Melinda French, Jason Bell I’ve, I’ve, Trump’s, I’m, Biden, , Roe, Wade, Obstetricians, Trump, he’s, That’s Organizations: CNN, White, US, Office
But it will remain a big, big trend. How has if at all, Brexit, affected the U.K. tech scene? Arjun KharpalAre there other challenges at the moment, as you see them to the U.K. tech landscape? I'm gonna go with the amount of VC funding in U.K. tech startups for 2025. Sanjot MalhiI would say that is the amount of funding in U.K. AI startups.
Persons: Tom Chitty, Arjun, we'll, Arjun Kharpal, I've, Sanjot, He's, It's, Tom Chitty I've, we've, it's, Arjun Kharpal Sanjot, fintech, we're, you've, let's, Tom Chitty We're, Franklin Templeton, they're, Masa, Softbank, that's, Arjun Kharpal Sanjay, Emmanuel, Macron, hasn't, who's, Emmanuel Macron, I'm, Sanjot Malhi, Arjun Kharpal That's, Kharpal, Tom Chitty Sanjot Organizations: HSBC Innovation Banking, CNBC, Northzone, Hague Cricket Club, European Union, Competition, Markets Authority, London Stock Exchange, London, Masa, Viva Tech, Mistral, Nvidia Locations: Europe, Dealroom, France, China, London, beyondthevalley@cnbc.com, Netherlands, India, The Hague, Germany, Sweden, North America, Asia, San Francisco, Beijing, Tel Aviv, Bangalore, U.S, British, doesn't, Ukraine, IPOs
Venture capital has cyclical fluctuations, but Scott Stanford, a cofounder and partner at ACME Capital, an early-stage VC firm, thinks something more meaningful is underway. In a chart compiled by Stanford and shared with BI, by 1990, there were 300 VC firms overseeing $17 billion in assets. Now, there are 3,000 VC firms overseeing $1.2 trillion. Limited partners (LPs), or investors who put money into venture firms, have other options thanks to higher interest rates, Stanford added. AdvertisementThe ACME Capital team.
Persons: , EisnerAmper, You've, Scott Stanford, Hany Nada, Stanford, today's, Nada Organizations: Service, Venture, Business, ACME Capital, Stanford, BI, ACME, Tech
Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Waabi's latest funding round also includes Nvidia, a new investor in the company, as well as Porsche and the venture capital arm of Volvo. Using generative AI, Waabi has built a single AI system that is capable of reasoning, just as humans do, and that can come up with problems human minds couldn't conceptualize. The new investor round brings Waabi's total funding to $280 million since being founded in 2021. "This funding round gives us everything we need, both financially and strategically, to launch fully driverless trucks and accelerate our growth in 2025," Urtasun said.
Persons: Waabi, couldn't, Raquel Urtasun, Jensen Huang, Urtasun Organizations: Uber, Khosla Ventures, Nvidia, Porsche, Volvo, Uber Freight, U.S, Trucking, CNBC Locations: Toronto, Dallas, Houston, Texas, U.S, Waabi
NIL has created career paths for college athletes and brand-deal managers. NIL has also created career paths for college athletes, some of whom are building businesses as influencers and content creators or getting jobs in social media and marketing rather than going pro. It's important for schools that want to be involved in NIL deals to engage in sports marketing and sourcing deals for athletes, he added. Connor Printz, a former Division III basketball player at Claremont McKenna College, has landed over 100 NIL deals. It's not just student-athletes who are benefitingNIL isn't creating more career opportunities only for college athletes.
Persons: , Caitlin Clark, Clark, Bronny James, Olivia Dunne —, Garrett Yaralian, influencers Dunne, she's, Dunne, Yaralian, TikTok, Sam Hurley, Hurley, Connor Printz, Chase Griffin, Griffin, It's, Drew Glover Organizations: Service, WNBA, Nike, Wall Street, NCAA Division, State, NCAA, , University of Southern California, Louisiana State University, WME Sports, Brands, University of Texas, Fund, Division III, Claremont McKenna College, University of California, Sports, Texas, OneTeam Partners, University of Georgia Athletic Association, . Venture, Fiat Ventures Locations: Instagram, Austin, Los Angeles
While Musk is increasingly flexing his political power, whoever wins the White House could drastically impact the billionaire and his businesses. Here's how things could shake out for Musk under a second Trump administration versus a Biden win. Tusk said Biden doesn't think of Elon as a rival — he probably doesn't think about him at all. Advertisement"On the Trump side, Musk needs to be careful and not go headlong into this. Musk and Biden campaign representatives did not respond to requests for comment from Business Insider.
Persons: , Elon Musk, it's, hasn't, Musk, Trump, Brian Hughes, Bradley Tusk, Tusk, he'd, You've, Stacey Lee, Johns, Elon, Biden, Joe Biden, Joe Biden's, Lee, it'd, Biden doesn't Organizations: Service, Trump, Business, Wall Street, Biden, Elon, SpaceX, Force, Johns Hopkins Carey Business School Locations: Washington, Paris, United States
Apple's scale and specificity of vision also make it the first Big Tech company to get AI integration right. The fact that people are disappointed in Apple says more about the hype around AI's capabilities than it does about Apple. In that way, Apple's cautious approach may be a service for the rest of the tech industry. By slowly acclimatizing its constellation of users to AI that makes their lives better instead of frustrating them, Apple makes the tech feel like a natural upgrade instead of an unreliable, scary intrusion. AdvertisementSure, Apple's AI may not be sexy or scary, but at least it doesn't seem stupid.
Persons: Katie Collins, Mark Gurman, Jordan Hart, Elon Musk, OpenAI's, Marc Andreessen's, confidants, Musk, Tesla, AI's, that's, Yann LeCun, Siri Organizations: Worldwide Developers, Apple, Apple Intelligence, Big Tech, Nvidia Locations: Silicon Valley, Silicon, Albany, New York City, New York
AdvertisementGoogle notes that "Generative AI is experimental" in AI Overviews. Google is far from the only company figuring out the risks of generative AI products. Microsoft also said on Thursday that it would hold off on launching an AI tool intended to be available when its CoPilot PCs ship after privacy concerns arose. The alternative is to be more gradual about releasing features and not place them at the center if they're not fully ready, he said. But while generative AI isn't fully bulletproof at the moment, it's important to balance timing with innovation and accuracy, Yamin said.
Persons: , Liz Reid, Reid, they're, Gaingels Lorenzo Thione, Thione, Tim Cook, Copyleaks Alon Yamin, Yamin Organizations: Service, Big Tech, Google, Business, CNBC, Apple Intelligence, Microsoft
That's how it worked out for Matthew Parkhurst, co-founder and CEO of New York-based tech startup Antimetal. The company was ready to emerge from its beta phase, and Parkhurst wanted to make potential clients aware that Antimetal even existed. Antimetal spent roughly $15,000 on pizzas, packaging and targeted delivery to potential clients, venture capital firms and even tech influencers with large social media followings. It worked: Roughly 75 of the companies that received pizza have become Antimetal clients, Parkhurst says — creating a bump of more than $1 million in annualized net revenue, according to documents reviewed by CNBC Make It. "Obviously, the ROI [return on investment] is insane on the revenue side, compared to what we spent," Parkhurst says.
Persons: Matthew Parkhurst, Parkhurst, Antimetal Organizations: San, CNBC Locations: New York, San Francisco
Tyson Foods suspends CFO after second arrest
  + stars: | 2024-06-13 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022. Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while intoxicated in Arkansas. Tyson Foods is headquartered in Springdale, Arkansas. In 2022, two months after being named CFO of the meat giant, Tyson was arrested after becoming intoxicated and falling asleep in the wrong house. Tyson is the son of the company's chairman, John H. Tyson, and the great-grandson of founder John W. Tyson.
Persons: John R, Tyson, Tyson Foods, Curt Calaway, John H, John W Organizations: Detention, Tyson Foods Locations: New York, Arkansas, Washington, Springdale , Arkansas
The spotlight has seemingly shifted in the past year toward companies going to market, hoping to ride on the coattails of India's growth story. Growing foreign listingsThe allure of India's stock markets has trickled to companies beyond its shores — with foreign entities eyeing a share of its growth. Such listings add strength to India's markets, says M&G Investment's Asian Equities Portfolio Manager Vikas Pershad. The optimism on India's IPO boom is sometimes marred by concerns over elevated valuations of its stock market — and whether it is headed toward a bubble. "When we look at India, we see continued economic and earnings per share growth and higher levels of profitability," Dorson from Global X told CNBC's Inside India.
Persons: Swiggy, Debarchan Chatterjee, Neil Bahal, Dhruba Jyoti Sengupta, Ola, PhonePe, Ola Electric, Sengupta, Vikas Pershad, Malcolm Dorson, CNBC's Organizations: Getty, Reliance Industries, Adani Enterprises, Mankind Pharma, Negen, Securities, Exchange Board, Wrise Private, Aakash Educational Services, Aakash Educational, Walmart, United Arab, Hyundai, Insurance Corporation of India, Maruti Suzuki, Hindustan Unilever, Siemens, ABB India, Global Locations: Kolkata, India, SEBI, United Arab Emirates, Sri Lanka, Hyundai India, India's, Maruti Suzuki India, Hindustan
Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.
Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk seems to be taking a page out of Donald Trump's playbook. This story is available exclusively to Business Insider subscribers. Musk admitted in his March interview with Don Lemon that he takes a "small amount" of ketamine every other week. Representatives for Musk didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon, Donald Trump's playbook, Trump, Musk, David Sacks, Chamath Palihapitiya, they've, Zuck, Mark Zuckerberg, Sam Altman, There's, Don Lemon, Lemon, Musk didn't Organizations: Service, White, Business, Tesla, SpaceX, Wall Street, Trump, Reuters, Republican, OpenAI, Microsoft, Representatives Locations: San Francisco
Less than four hours after Trump's roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business. "Bitcoin mining may be our last line of defense against a CBDC," Trump posted shortly before midnight on Tuesday. "That's where you've got all these ancillary jobs; it's not just the bitcoin mining directly," said Cook. Enter bitcoin miners. Adding bitcoin miners to the portfolio of energy buyers has helped to improve the core economics of renewable power production.
Persons: Donald Trump, Eva Marie Uzcategui, , New York —, Jason Les, Bitcoin, Bill Hagerty, David Bailey, Trump, Bailey, Sen, Elizabeth Warren, Les, Warren, Geoff Kendrick, bitcoin, Matthew Schultz, Jayson Browder, Brian Hughes, Biden, Harris, Andreessen Horowitz, Ron Conway, Fred Wilson, Cameron, Tyler Winklevoss, Schultz, Browder, CleanSpark, Coke, Chris Cook, Cook, There's, Amanda Fabiano, Fabiano, Marathon's Browder, We've, Exacore's Cook, you've, it's, Digital's Browder Organizations: U.S, Mar, Lago, Trump, Riot, Marathon Digital Holdings, Arkon Energy, Cholla Energy, Exacore, CNBC, Senate's Banking, Finance, China, BTC Inc, Radical Communist, Democratic, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Standard Chartered, Circuits, Government Affairs, Federal Reserve, Biden, U.S . Treasury Department, Republican, NASDAQ, Fabiano Consulting Locations: Lago, West Palm Beach , Florida, New York, Palm Beach , Florida, bitcoin, China, Russia, U.S, America, Washington, San Francisco, Beijing, Marathon, United States, West Texas
French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024. Mistral AI did not give much detail about the round, but the Financial Times reported that venture capital firm General Catalyst led the round that also included existing investors. Mistral AI, a French tech startup, raised a funding round of 600 million euros, or $645 million, as huge amounts of money continues to pour into the artificial intelligence race. Mistral AI is building so-called large language models, which underpin applications such as chatbots popularized by ChatGPT. In February, Microsoft announced an investment in Mistral AI.
Persons: Arthur Mensch, Porte de Versailles, Catalyst, ChatGPT, Mensch Organizations: Viva Technology, Parc, Mistral, Financial Times, CNBC, Nvidia, Microsoft, Google Locations: Paris, France, European, U.S
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