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More than 100 venture capitalists said on Wednesday that they had pledged to vote for Vice President Kamala Harris in November and had solicited donations for her presidential campaign, in a rejoinder to the splintering among tech leaders over whom to support in the election. The group includes Reid Hoffman, a founder of LinkedIn; Vinod Khosla of Khosla Ventures; Mark Cuban, the former principal owner of the Dallas Mavericks; Ron Conway, a well-known angel investor; and the billionaire Chris Sacca. “We are pro-business, pro-American dream, pro-entrepreneurship and pro-technological progress,” the group said in a statement posted to their website, VCsForKamala.org. “We also believe in democracy as the backbone of our nation.” The website asks people to sign a pledge to support Ms. Harris and another to donate to her campaign. The effort was buttressed by another group of tech entrepreneurs and workers called Tech For Kamala, which also wrote a letter this week expressing “enthusiastic and unwavering support for Vice President Harris.” The letter gathered more than 550 signatures in two days.

Persons: Kamala Harris, Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, “, Harris, ” Organizations: LinkedIn, Khosla Ventures, Dallas Mavericks, Tech, Kamala

☆ Kamala Harris gets support of more than 100 VCs and tech execs in online pledge
▼ + stars: | 2024-07-31 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center in Atlanta on July 30, 2024. More than 100 VCs on Wednesday pledged their support to Vice President Kamala Harris, the de facto Democratic nominee, as she ramps up her campaign to take on Trump in the November election. The group, calling itself VCs for Kamala, is made up of investors and entrepreneurs from a range of established and rising funds, and different demographic groups. "We spend our days looking for, investing in and supporting entrepreneurs who are building the future," the group said in its pledge. The VCs for Kamala list highlights a deepening political divide in Silicon Valley and the broader tech industry.

Persons: Kamala Harris, Donald Trump, Kamala, Vinod Khosla, Reid Hoffman, Mark Cuban, Aileen Lee, Rebecca Kaden, Elon Musk, VCs Marc Andreessen, Ben Horowitz, Trump, Musk, Shaun Maguire, 8VC's Joe Lonsdale, Musk's, David Sacks, Hoffman, Greylock, Harris, Erika Lucas Organizations: Republican, Democratic, Trump, Khosla Ventures, LinkedIn, Dallas Mavericks, Cowboy Ventures, Union Square Ventures, America PAC, Sequoia, Craft Ventures, Republican National Convention, Musk, Convention Locations: Georgia, Atlanta, Silicon Valley, Chicago

☆ Legendary VC Vinod Khosla: I believe VP Kamala Harris can beat Donald Trump
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLegendary VC Vinod Khosla: I believe VP Kamala Harris can beat Donald TrumpVinod Khosla, Khosla Ventures founder, joins 'Squawk Box' to discuss news of President Biden dropping out of the 2024 election, why he's calling for an open convention, state of the 2024 race, his thoughts on former President Trump, and more.

Persons: Vinod Khosla, Kamala Harris, Donald Trump Vinod Khosla, Biden, Trump Organizations: Khosla Ventures

☆ Startups are building robots that can perceive the human world. Here's why VC firms like Khosla and a16z say that spatial intelligence will be the next big thing in AI.
▼ + stars: | 2024-07-09 | by ( Samantha Stokes | Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Spatial intelligence allows robots to navigate and interact with their environment more efficiently, which means that robots can perform more complex tasks with higher precision and adaptability. AdvertisementEven so, investors say that spatial intelligence represents a quantum leap for the robotics industry, a space already benefiting from an AI boom. Lior Susan, CEO and founder of Eclipse Ventures, is betting that the difficulty of building AI with spatial intelligence will yield bigger returns in the future. "You see this boom of generative AI startups that are actually buying a lot of compute that do not have a business model yet," Susan said. Big tech is rolling in, tooBigger tech companies are also gearing up to compete in robotics' spatial intelligence race—both as builders and investors.

Persons: —, Andreessen Horowitz, Catalyst, Howard Morgan, Max Rimple, Erin Price, Wright, Fei, Fei Li, Kanu Gulati, Khosla, –, Gulati, Lior Susan, Susan, Jeff Bezos, Jensen Huang Organizations: Service, Khosla Ventures, Business, B Capital, Catalyst, Lightspeed Venture Partners, Coatue Management, Stanford University, Eclipse Ventures, Intelligence, Lux, Sequoia Capital, Microsoft, Nvidia, Carbon Robotics, AIs Locations: LLMs, OpenAI, Lux Capital, Taipei

☆ Uber, Khosla, Nvidia invest in $200 million funding round for autonomous trucking startup Waabi
▼ + stars: | 2024-06-18 | by ( Riley De León | ) www.cnbc.com time to read: +3 min

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

☆ Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
▼ + stars: | 2024-06-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +16 min

Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.

Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, —, Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel

☆ Medical startup Sword Health announces AI that patients can talk to
▼ + stars: | 2024-06-04 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Pain management startup Sword Health on Tuesday announced a new artificial intelligence solution named Phoenix that patients can speak with for guidance through virtual physical therapy sessions. Sword patients join sessions using a tablet from the company that can track their movement. Phoenix will propose changes for the patient's next session, as well as a follow-up message about the session they completed. Patients can sign up for Sword if it is supported by their employer or their health plan. Sword has been testing Phoenix with some patients using its "Thrive" digital physical therapy product.

Persons: Virgílio Bento, Bento, Sword, Catalyst Organizations: Pain, CNBC, Phoenix, Venture, Khosla Ventures, Founders Fund Locations: Phoenix

☆ Khosla Ventures backs weather balloon startup that uses AI to upend forecasts
▼ + stars: | 2024-06-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Windborne uses a new type of weather balloon, for example. Windborne's balloons can fly for weeks, as opposed to today's government-launched weather balloons which stay aloft for just a few hours and can't reach remote locations. The world currently lacks weather data for 85% of the atmosphere, according to the World Meteorological Organization (WMO). Windborne just closed a $15 million round with lead investor Khosla Ventures. In addition to Khosla Ventures, Windborne is backed by Footwork VC, Pear VC, Convective Capital, Ubiquity Ventures and Susa Ventures.

Persons: John Dean, Dean, Sven Strohband, Windborne Organizations: National Oceanic, Atmospheric Administration, Investors, Google, World Meteorological Organization, Khosla Ventures, Weather Company, Economic, Windborne, Susa Ventures Locations: California, Susa

☆ Some Prominent Silicon Valley Investors Shift to the Right
▼ + stars: | 2024-05-23 | by ( Erin Griffith | ) www.nytimes.com time to read: +1 min

At a tech conference last week, Mr. Sacks said his view had changed. Such public support for Mr. Trump used to be taboo in Silicon Valley, which has long been seen as a liberal bastion. But frustration with Mr. Biden, Democrats and the state of the world has increasingly driven some of tech’s most prominent venture capitalists to the right. (He is set to co-host the fund-raiser for Mr. Trump alongside Mr. Others, like Marc Andreessen of Andreessen Horowitz and Shaun Maguire of Sequoia Capital, have criticized Mr. Biden without expressing support for Mr. Trump.

Persons: David Sacks, Donald J, Sacks, “, Biden, Trump, Mr, Marc Andreessen, Andreessen Horowitz, Shaun Maguire, Keith Rabois Organizations: U.S . Capitol, Trump, Mr, Social Capital, Sequoia Capital, Khosla Ventures, Republicans, Congress Locations: Silicon Valley

☆ Vinod Khosla and Palantir's Jacob Helberg call on Senate to ban TikTok: It's 'a weapon of war'
▼ + stars: | 2024-04-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Investor Vinod Khosla and Palantir advisor Jacob Helberg penned an open letter Thursday calling on Senators to pass a bill that would force the divestiture of Bytedance-owned TikTok in the U.S. Describing the social media platform as "a weapon of war," Helberg and Khosla compared the bill to decades-old restrictions on foreign ownership of U.S. media outlets. Some critics have compared the ban to a bill of attainder, given that it singles out one company. The company mobilized its user base in opposition of the House bill, urging its millions of users to call their congressional representatives and voice their opposition. TikTok CEO Shou Zi Chew has also been lobbying D.C. lawmakers against a ban, meeting with Sen. John Fetterman, D-Pa., in March.

Persons: Vinod Khosla, Jacob Helberg, Khosla, Helberg, Shou Zi Chew, Sen, John Fetterman Organizations: CNBC, House, Khosla Ventures, Sun Microsystems, U.S . Department of Defense, Valley, TikTok Locations: North Korea, Iran, U.S, Hill

☆ Former Amazon Robotics chief raises $100 million for his 35-person startup, pushing the valuation over $500 million
▼ + stars: | 2024-04-10 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Read previewAnother robotics startup has raised a large amount of money, signaling a rebound in investor appetite in the space. Collaborative Robotics, an automation startup founded by former Amazon Robotics chief Brad Porter, just raised $100 million in a round led by General Catalyst. The latest round values Collaborative Robotics at more than $500 million, Porter told Business Insider. Founded in 2022, Collaborative Robotics has 35 employees and deployed its first product earlier this year. Mayo Clinic, which also invested in Collaborative Robotics, is one of the early customers, he added.

Persons: —, Brad Porter, General Catalyst, Porter, hasn't, Pitchbook, There's Organizations: Service, Robotics, Amazon Robotics, General, Bison Ventures, Industry Ventures, Lux Capital, Sequoia Capital, Khosla Ventures, Business, Physical Intelligence, Mayo Clinic, Venture

☆ Electrification could overwhelm energy grids. Startups are betting on AI to make sure that doesn't happen
▼ + stars: | 2024-03-25 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +10 min

Today's energy grids are unable to keep up with the intense demand being heaped upon them. Globally, energy projects struggle to overcome permitting hurdles. Making smart grids a realityData was transmitted across a national energy grid for the first time in 2016. Startups selling them are hoping to alleviate pressure from physical grid infrastructure and allow operators to do more with the infrastructure they have. Victoria McIvor, an advisor to energy startups who was formerly an investor at the European climatetech firm World Fund, imagines a future where energy tariffs dictate when energy-intensive appliances run.

Persons: Rajesh Swaminathan, it's, Andrés Dancausa, Dancausa, Swaminathan, Victoria McIvor, Timothy Barat, Barat, Duncan Turner, SOSV, Turner, McIvor Organizations: Infrastructure, Service, International Energy Agency, Paris, Investors, Khosla Ventures, US Department of Energy, Fund, Octopus Energy, Continuum Industries, Software Locations: Europe, Ukraine, Portuguese, Amsterdam, California, London, VCs, Scottish

☆ A Bill Gates company is about to start building a nuclear power plant in Wyoming
▼ + stars: | 2024-03-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

TerraPower, which Bill Gates founded, plans to build its first nuclear power plant in the US. CEO Chris Levesque told the Financial Times it wants to start work on a site in Wyoming in June. AdvertisementA company cofounded by Bill Gates is about to start building next-generation nuclear power plants in the US. AdvertisementMost of the initial work at the Kemmerer site won't be related to nuclear activity, Levesque said. AdvertisementIn October last year TerraPower missed out on making the shortlisted for the next round of the UK government's competition for small nuclear plants.

Persons: Bill Gates, Chris Levesque, TerraPower, —, hasn't, Levesque, Gates Organizations: Financial, Service, Financial Times, Department of Energy, CRV, Khosla Ventures, Reuters, Royce Locations: Wyoming, Kemmerer , Wyoming, Ukraine, Britain

☆ Watch CNBC's full interview with Khosla Ventures' Keith Rabois
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Khosla Ventures' Keith RaboisKeith Rabois, Khosla Ventures Managing Director, joins 'Closing Bell Overtime' to talk the proposed TikTok ban, possible buyers for the app, AI and more.

Persons: Keith Rabois Keith Rabois Organizations: Khosla Ventures

☆ I have no interest in buying TikTok, says Khosla Ventures' Keith Rabois
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI have no interest in buying TikTok, says Khosla Ventures' Keith RaboisKeith Rabois, Khosla Ventures Managing Director, joins 'Closing Bell Overtime' to talk the proposed TikTok ban, possible buyers for the app and more.

Persons: Keith Rabois Keith Rabois Organizations: Khosla Ventures

☆ TikTok ban: Tech VC Keith Rabois threatens Republicans with funding halt ahead of House vote
▼ + stars: | 2024-03-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

"Will never fund any Republican candidates or leadership PACs (or the NRSC) run by Republicans who vote against the TikTok legislation," venture capitalist Keith Rabois wrote on X. "Support for the TikTok bill is an IQ test" for members of Congress, Rabois wrote in an email to CNBC. In February, Rabois gave $500,000 to the Congressional Leadership Fund, a political action committee that backs House Republican candidates, according to a Federal Election Commission filing. A managing director at Khosla Ventures, Rabois gave just over $41,000 combined last year to the National Republican Senatorial Committee. Rabois said that whether or not he continues to support the NRCC will be partly tied to how Republican leadership handles the upcoming vote.

Persons: Keith Rabois, Will, ByteDance's, Rabois, Donald Trump, Elon Musk, Chuck Schumer, ByteDance, Mike Johnson, Steve Scalise, Tom Emmer, TikTok Organizations: Khosla Ventures, TechCrunch, San Francisco Design Center, Republicans, CNBC, Congressional, Fund, Republican, Tesla, Senate, Democrat, National Republican, Committee, National Republican Congressional Committee, CCP Locations: San Francisco , California, United States, China, American, La

☆ Founders Fund partner Sam Blond has left the firm
▼ + stars: | 2024-03-04 | by ( Melia Russell | ) www.businessinsider.com time to read: +3 min

Sam Blond has left Founders Fund after 17 months with the firm. Blond's departure from Founders Fund is the second in as many months after Keith Rabois left. AdvertisementSam Blond, the Founders Fund partner who brought sales expertise from his years at Brex and Zenefits, has left the firm, he announced on X. He's the second partner to depart Founders Fund this year after Keith Rabois made a return to Khosla Ventures in January. In 2022, Founders Fund took part in 84 rounds that totaled about $6.6 billion.

Persons: Sam Blond, he's, Keith Rabois, —, I've, Blond, Forbes, Rabois, Axios Organizations: Fund, Service, Founders Fund, Khosla Ventures, Brex, Institutional Locations: Brex

☆ AI-powered devices could drastically change how we interact with technology. But will they catch on?
▼ + stars: | 2024-03-01 | by ( Samantha Stokes | Vishal Persaud | ) www.businessinsider.com time to read: +5 min

"The key isn't hardware but the user experience it enables," Khosla, whose firm Khosla Ventures, is an investor in Rabbit, told Business Insider in an email. This story is available exclusively to Business Insider subscribers. At the same time, I don't think the average consumer wants to carry around multiple devices," S. Somasegar, a managing director at Madrona, told Business Insider. That's where we're at," he told Business Insider. Ginsberg said he's excited about the Humnane Pin because AI voice assistants have finally become powerful enough to be useful for average consumers.

Persons: Vinod Khosla, Khosla, Navin Chaddha, Ai, Somasegar, Bernstein, Nielsen, Zachary Ginsburg, Ginsberg, Marc Benioff, Sam Altman, Lachy Groom, Avi Schiffmann, it's, Chaddha Organizations: Khosla Ventures, Software, Business, Mayfield, Microsoft, Calm Ventures, Bond Ventures, Forerunner Ventures, Harvard Locations: Humane's

☆ Big-name investors are betting AI gadgets could change the way we interact with tech
▼ + stars: | 2024-03-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .

Persons: —, Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London

☆ Sam Altman just reminded everyone why OpenAI is leading the pack
▼ + stars: | 2024-02-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

On Thursday, OpenAI unveiled its new text-to-video model Sora. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This time, it’s not because of a shock ousting from OpenAI , nor is it because of anything to do with ChatGPT . Instead, it’s because of a whole new AI model called Sora.

Persons: Sam Altman, OpenAI, —, Sora, “, ”, MrBeast, Carl Pei, Will Smith, Nikunj, Altman, ” Kothari, mindshare, it’s, Donald Trump, Joe Biden Organizations: Service, Dreamworks, Google, Nvidia, Khosla Ventures Locations: OpenAI, California, New York, Hollywood

☆ Generative AI startup Recraft just raised $12 million from Khosla Ventures and Nat Friedman with this 22-slide pitch deck
▼ + stars: | 2024-01-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Read previewRecraft, a startup that aims to vastly improve the quality of AI-generated images, has raised $12 million in fresh funds. "We are building some unique things using technology that no one else has," Anna Veronika Dorogush, Recraft's CEO and founder told Business Insider. Recraft has brought in $12 million from Khosla Ventures and former GitHub CEO, Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, and other angel investors. The startup originally wanted to raise $10 million but increased the round size due to being heavily oversubscribed, Dorogush said. AdvertisementThe company hasn't spent money on marketing, relying on word-of-mouth referrals to accrue more than 350,000 users, Dorogush added.

Persons: —, Anna Veronika Dorogush, Recraft, Nat Friedman, Elad Gil, Dorogush, hasn't Organizations: Service, Business, Khosla Ventures, RTP Global Locations: London, New York

☆ AI could mean free doctors and lawyers for everybody in 10 years, OpenAI investor Vinod Khosla believes
▼ + stars: | 2023-12-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Investor Vinod Khosla predicts AI will result in free lawyers, doctors, and tutors in 10 years. The 68-year-old billionaire said given AI's impressive capabilities, "I do think in 10 years we'll have free doctors, free tutors for everybody, and free lawyers so they can access the legal system." "This large transformation is the opportunity to free humanity from the need to work," Khosla told Semafor in an interview. Still, Khosla told Business Insider in October he doesn't want to place too big of a bet on AI at the moment. Given the hype around the technology, Khosla thinks that AI startups are overvalued, and that only a few will survive.

Persons: Vinod Khosla, Khosla, —, Eric Newcomer's, we'll, Semafor, doesn't Organizations: Service, Khosla Ventures Locations: OpenAI

☆ OpenAI investor Vinod Khosla, who's 68, says he still works 80 hours a week and plans to keep investing for the next 25 years
▼ + stars: | 2023-12-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

OpenAI investor Vinod Khosla said he still works 80 hours a week during an episode of "The Cerebral Valley Podcast." AdvertisementVinod Khosla, a Silicon Valley investor for almost 40 years, said in the past that he works 80-hour weeks. In 2004, he started his own VC firm he called Khosla Ventures, which backed companies like Instacart, Impossible Foods, and DoorDash. Over the last three months, Khosla Ventures has made multi-million dollar bets on startups in the beverage, insurance, and climate tech space, according to Pitchbook. AdvertisementKhosla didn't immediately respond to Business Insider's request for comment made through Khosla Ventures.

Persons: Vinod Khosla, —, Eric Newcomer, Khosla, Peter Thiel, I've, Warren, he's, Kleiner Perkins Caufield, Byers, toils, Elon Musk, Steve Squeri Organizations: Service, Khosla Ventures, Foods, Tesla, American Express, Financial Times Locations: Silicon, OpenAI

☆ OpenAI doesn't plan to offer Microsoft or other outside investors a board seat: reports
▼ + stars: | 2023-11-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI doesn't plan to give board seats to investors like Microsoft, per Reuters and The Information. AdvertisementSome of OpenAI's biggest backers are unlikely to gain board seats even after the company's management shakeup, Reuters and The Information reported on Tuesday. OpenAI's new board is not planning to offer board seats to outside investors, such as Microsoft, Thrive Capital, and Khosla Ventures, Reuters reported, citing a source familiar with the matter. AdvertisementOpenAI cofounder and CEO Sam Altman was fired by his company's board on November 17, before staging a dramatic comeback five days later. OpenAI, Microsoft, Thrive Capital, and Khosla Ventures did not immediately respond to requests for comment from Business Insider, sent outside regular business hours.

Persons: OpenAI, Satya Nadella, —, shakeup, Thomas Hayes, Sam Altman, Altman's, Larry Summers, Bret Taylor, Adam D'Angelo, Altman, Nadella, Kara Swisher, Swisher Organizations: Microsoft, Reuters, Service, OpenAI's, The, Khosla Ventures, Hill Capital, Business Locations: OpenAI

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsNov 28 (Reuters) - ChatGPT owner OpenAI is not expected to offer Microsoft (MSFT.O) and other investors including Khosla Ventures and Thrive Capital seats on its new board, a person familiar with the matter told Reuters on Tuesday. In a few tumultuous days last week, OpenAI ousted its CEO and founder Sam Altman without any detailed cause, setting off alarm bells among investors and employees. Microsoft, which has invested more than $10 billion in OpenAI, is one of the biggest backers of OpenAI that operates ChatGPT, its viral generative AI chatbot. In response to a question on the OpenAI board, a Microsoft spokesperson said, "We will wait until the board officially says something." OpenAI and Thrive did not immediately respond to requests for comment, while Khosla declined to comment.

Persons: Dado Ruvic, OpenAI, Sam Altman, Thomas Hayes, Bret Taylor, Larry Summers, Adam D'Angelo, D'Angelo, Altman, Satya Nadella, Khosla, Zaheer Kachwala, Mary Varghese, Kenneth Li, Arun Koyyur Organizations: REUTERS, Microsoft, Khosla Ventures, Reuters, CNBC, Thomson Locations: OpenAI, Bengaluru

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