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Top related persons:
VCs - 1 — - 1 Joe Aaron - 1 — Sheel - 1 Andreessen Horowitz - 1 Elon Musk's XAI - 1 Ilya Sutskever - 1 Umesh Padval - 1
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OpenAI Canadian Seattle
Top related orgs:
Service - 1 Sequoia Capital - 1 Fidelity - 1 Ark Invest - 1 Sound Ventures - 1 Wisdom Ventures - 1 Thomvest Ventures - 1 Parkway Venture - 1

Search resuls for: "Madrona Ventures"


3 mentions found


☆ VCs are 'hedging their bets,' backing competing LLMs like Anthropic and OpenAI, breaking a long-standing venture taboo
  + stars: | 2024-10-26 | by ( Ben Bergman | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +5 min
Venture firms are increasingly investing in competing LLM startups like OpenAI and xAI. Some VCs argue investing in multiple LLMs is strategic, while others see it as unethical. AdvertisementWhen venture firms pull out their checkbooks, there has traditionally been an unspoken rule: Do not back a competitor. Sound Ventures and Wisdom Ventures backed both OpenAI and Anthropic. There is also the matter of money, with only a handful of firms capable of writing the colossal checks required to fund LLM companies.
Persons: VCs, —, Joe Aaron, — Sheel, Andreessen Horowitz, Elon Musk's XAI, Ilya Sutskever, Umesh Padval, Padval, Anthropic, OpenAI, Gregg Hill, they've Organizations: Service, Sequoia Capital, Fidelity, Ark Invest, Sound Ventures, Wisdom Ventures, Thomvest Ventures, Parkway Venture, Madrona Ventures, NASDAQ Locations: OpenAI, Canadian
☆ The 2024 AI Power List: Matt McIlwain
  + stars: | 2024-10-24 | by ( Ben Bergman | ) www.businessinsider.com   time to read: 1 min
Operating in Seattle, in the shadow of Amazon and Microsoft headquarters, McIlwain's Madrona Ventures was an early investor in AI companies such as Xnor.ai, which Apple acquired in 2020. The firm likes to say no investment is too early, as it prefers to be there as early as formation. Madrona also hosts the annual Intelligent Applications Summit, with this year's event featuring Mustafa Suleyman, the CEO of Microsoft AI, and Arvind Jain, the CEO and cofounder of Glean. McIlwain says companies should focus more on their business model than on an AI model. See Business Insider's full AI Power List
Persons: Madrona, Mustafa Suleyman, Arvind Jain, McIlwain Organizations: Microsoft, McIlwain's Madrona Ventures, Apple Locations: Seattle
☆ AI startup cloud deals by Microsoft, Google and Amazon ring 'accounting alarm bells' across Silicon Valley over revenue 'round-tripping'
  + stars: | 2023-05-19 | by ( Eugene Kim | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +10 min
Some investors question whether these arrangements are artificially juicing cloud revenue growth. When Microsoft announced a multibillion-dollar investment in OpenAI earlier this year, the deal made Azure the ChatGPT-maker's "exclusive cloud provider." There's another deal in the works with similar attributes involving Runway AI and a major cloud company. But they are drawing more scrutiny lately because they could artificially inflate cloud revenue, a key driver of growth for Microsoft, Google, and Amazon, according to Ted Mortonson, managing director of financial-services firm Baird. Is OpenAI a regular cloud customer that is getting no investment money from Microsoft?
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