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Boyarsky Pratt said about 35% of Knownwell's patients come for primary care, while the rest see the company's providers for their metabolic health. They can prescribe GLP-1 drugs, but they're just one tool the company uses to treat obesity, Boyarsky Pratt said. It's also planning to partner with more health systems to help them expand access to weight care. It partners with one large system in Massachusetts now, but Boyarsky Pratt declined to disclose which one. "The data shows that the earlier patients get into a comprehensive treatment, the better for the long-term course of the disease," Boyarsky Pratt said.
Persons: , Brooke Boyarsky Pratt, Andreessen Horowitz, Boyarsky Pratt, Knownwell, Angela Fitch, Berkadia, Fitch, Needham, Boyarsky Platt, they'd, Michael Siluk, It's Organizations: Service, Business, GLP, BMI, Medicare, Obesity Medicine Association . Obesity Medicine, University of Pennsylvania, Harvard Business School, Berkshire Hathaway, Obesity Medicine Association, Weight, Flare Capital Partners, Staff, Getty, American Academy of Pediatrics Locations: Boston, GLP, Massachusetts, Knownwell, Needham , Massachusetts, telehealth
Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022. U.S. regulators have brought several cases against crypto firms such as Binance, helping to establish "guardrails" to bring "order and structure" to the market, CFTC Commissioner Kristin Johnson told an FT crypto and digital assets summit. She urged crypto firms to study the Binance settlement to see what sort of governance regulators look for at crypto firms. The CFTC will also be "deeply thoughtful" on requiring better disclosures at crypto firms that are vertically integrated, combining different activities under one roof. In the meantime, crypto firms are setting up shop in Britain to build an ecosystem that can service the rest of the world and benefit from "nuanced" regulators, Quintenz said.
Persons: Dado Ruvic, Kristin Johnson, Johnson, Brian Quintenz, Quintenz, Xiao, Xiao Zhu, Huw Jones, Mark Potter Organizations: REUTERS, Futures Trading Commission, Treasury Department, Justice Department, European Union, CFTC, KKR, Thomson Locations: U.S, Binance's, Britain
Bitcoin is back (sort of)
  + stars: | 2023-11-10 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
The big storyCrypto comebackSOPA Images / GettyThe ink is barely dry on Sam Bankman-Fried's conviction, and bitcoin is already rising like a fresh divorcee. It marked the highest price for the cryptocurrency since early May 2022, adding to what has quietly been a strong year for bitcoin, writes Insider's Phil Rosen. After a dreadful 2022 culminating in the downfall of FTX and the aforementioned SBF, bitcoin has been on the up. While there was plenty of fallout from FTX's bankruptcy, the price of bitcoin has steadily climbed this year. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: , NYU Langone, Sam Bankman, Bitcoin, bitcoin, Phil Rosen, FTX, hasn't, It's, Roubini, Doom, Noah Sheildlower, Gary Gensler, it's, Ken Griffin, Goldman Sachs, Paul Sakuma Andreessen Horowitz, Maryna, Peter Thiel, Trump, couldn't, Thiel, he's, Diplo —, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NYU, BlackRock, Atlas, SEC, JPMorgan, Hudson Global, Today Locations: Delaware, India, Japan, Soho, New York City, San Diego, London, New York
Andreessen Horowitz is reshuffling parts of its investment organization to sharpen its focus on artificial intelligence, according to people with knowledge of the situation. The changes will center the venture capital firm on two main themes: AI applications and AI infrastructure, the people said. The AI applications group is being headed by general partner Alex Rampell, according to the sources. General partner Martin Casado, who focuses on enterprise deals, will oversee another group investing in AI infrastructure, the people said. Do you have information about A16z or another venture firm?
Persons: Andreessen Horowitz, Alex Rampell, Rampell, Martin Casado, Margit Wennmachers, Casado, Jeff Jordan, Databricks, A16z, Pretzels, Vinod Khosla, Khosla, Ben Bergman, Melia Russell, mrussell@insider.com Organizations: US, A16z, VMware Locations: Silicon Valley, Airbnb, bbergman@insider.com
"During the pandemic, I realized how I was taking IRL experiences for granted and working remotely, spending less time with friends, I just felt extremely isolated," Loar said. "It was really centered around helping you and your friends make IRL plans to build stronger relationships." Now, Whatever's team is pivoting its focus to couples and how best to use technology to help couples plan dates and spend meaningful time together. "Couples will be able to bookmark plans from the discovery feed and turn them directly into date plans," Loar added. Whatever is focusing on helping couples plan dates.
Persons: Mallory, Loar, Vivek Murthy, Kevin Wilson, Zack Zapasnik, Stanislav Vishnevskiy, Matthew Prince, it's Organizations: Twitch, Facebook
The famed VC firm is fighting alongside Big Tech against potential copyright rules on AI. a16z sees any requirement to pay for copyrighted AI training data as detrimental to its investments. Using copyrighted data for free is the basis of "enormous investment" in AI, the VC firm said. National security"Those expectations have been a critical factor in the enormous investment of private capital into US-based AI companies," a16z said. Instead of spending time on making new laws that would explicitly address AI, the VC firm said the USCO should "embrace it wholeheartedly."
Persons: a16z, , Andreessen Horowitz, A16z, Marc Andreessen Organizations: Big Tech, Service, US Locations: United States, LLMs
"Generative AI models need not only a massive quantity of content, but also a large diversity of content," Meta wrote in its comment. But those kinds of deals would provide AI developers with the rights to only a minuscule fraction of the data they need to train their models. And it would be impossible for AI developers to license the rights to other critical categories of works." None of the companies denied using copyrighted material without authorization from rights holders. Instead, they generally argued that putting copyrighted material on the internet makes it "publicly available" and therefore fair game for use.
Persons: Andreessen Horowitz, Google's Bard, OpenAI's, Meta, OpenAI, Bard, A16z, Vince Gilligan, doesn't, Kali Hays Organizations: US, Meta, Microsoft, Google, Apple, News Corp, Getty Locations: khays@insider.com
Billionaire investor Marc Andreessen posted a mammoth 5000-word techno-optimist manifesto on Monday. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Andreessen. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Marc Andreessen. "Our enemies are not bad people – but rather bad ideas, "Andreessen wrote. Andreessen and Andreessen Horowitz did not immediately respond to requests for comment from Insider, sent outside regular business hours.
Persons: Marc Andreessen, , Andreessen, Elon Musk, Sam Altman —, Andreessen Horowitz Organizations: Service, Forbes
VC Marc Andreessen wrote a lengthy missive this week, titled "The Techno-Optimist Manifesto." AdvertisementAdvertisementIt wouldn't be a Marc Andreessen essay if the internet didn't lose its mind over it. Rather, technology, he wrote, can solve for "any material problem" under the sun and herald a new era of "abundance for everyone." The backlash to Andreessen's essay was swift. He runs one of the biggest venture capital firms by assets and perceived importance.
Persons: Marc Andreessen, , Kara Swisher, Andreessen, Ben Collins, Andreessen's missive, Dorothea Baur, Cameron Moll, he's, Gary Marcus, Marcus, what's, Aravind Srinivas, A16z, Collins, Andreessen Horowitz, Del, Johnson Organizations: Service, Securities and Exchange Commission, Facebook, Backstage Capital, Silicon Valley Bank, Venture Locations: Silicon Valley, Del Johnson, Silicon
Oct 12 (Reuters) - Atlassian (TEAM.O) said on Thursday it had agreed to acquire privately held video messaging platform Loom for about $975 million, beefing up its team collaboration tools to tap into resilient demand fueled by the adoption of hybrid work. Integration of Loom's technology into Atlassian software such as collaboration tools Jira and Confluence will help users use video in their workflows. The acquisition of Loom, which has more than 25 million users globally, will enable customers communicate and collaborate more effectively, Atlassian said. Loom, which counts Sequoia, Kleiner Perkins and a16z among its investors, makes tools that help users record their screens, camera and microphone to make and share videos. The deal is expected to close in the quarter-ending March 2024 and will be funded with existing cash balances, Atlassian said.
Persons: Atlassian, Kleiner Perkins, Akash Sriram, Shailesh Kuber Organizations: Thomson Locations: Australia, Bengaluru
This AI company wants to help you control your dreams
  + stars: | 2023-10-04 | by ( Hayden Field | ) www.cnbc.com   time to read: +2 min
It's a tech startup building what the company calls the "world's first wearable device for stabilizing lucid dreams." Lucid dreams occur when a person sleeping becomes aware they're dreaming and may be able to control parts of the dream. Humane AI, a company founded in 2017 by former Apple employees, debuted its wearable — the AI Pin — on the runway last week at Paris Fashion Week. And famed iPhone designer Jony Ive and OpenAI's Sam Altman are also reportedly discussing an AI hardware project. The co-founders have the type of lofty dreams typical of a modern-era tech startup, with Wollberg comparing the company to OpenAI.
Persons: Eric Wollberg, Wesley Berry, Wollberg, Berry, Grimes, BoxGroup, Card79, Jony, Sam Altman, Prometheus Organizations: a16z's Scout Fund, Plaid, Elon, Apple, Paris Fashion, Donders Institute for Brain, Radboud University Locations: Netherlands
With an ultimate goal to be the go-to currency for the global financial system, it was, in hindsight, too ambitious, Marcus admits now. "If you're dependent on one centralized stablecoin to do global payments, it's a problem as we've experienced firsthand," he said. Why Meta's crypto project failedIn 2019 Meta unveiled plans to create a digital currency pegged to hard currencies including the US dollar. With his new startup, Lightspark, Marcus plans to hypercharge the global payments system is simpler, or at least less grandiose. Users will swap their local currency for bitcoin and then have it converted to the local currency of whichever country the capital is needed in.
Persons: David Marcus, Meta's, Libra, Diem, Marcus, Meta, that's, Mark Zuckerberg, he's, Christian Catalini, Marcus's, Catalini Organizations: PayPal, Visa, Securities and Exchange Commission, Meta, bitcoin, Facebook, JPMorgan, Bloomberg Locations: Manhattan, Los Angeles, Bahrain
Marc Andreessen said on the podcast Huberman Lab that fears around AI are overblown. The billionaire venture capitalist said that AI won't "decide to kill us all" and replace jobs. The real concern, he said, is the possibility that AI may end up in the hands of malicious actors. "A lot of the science-fiction scenarios are just not real," Andreessen said on an episode of Huberman Lab, a podcast led by Andrew Huberman, a neuroscientist. "AI can be an incredibly powerful tool for solving problems, and we should embrace it as such," Andreessen wrote.
Persons: Marc Andreessen, Andreessen Horowitz, Andreessen, Andrew Huberman, Alexis Ohanian isn't, Elon, , Sam Altman, Andreessen didn't, A16z Organizations: Service, OpenAI Locations: Wall, Silicon
Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Worldcoin raised $115 million from venture capital investors including Blockchain Capital, a16z crypto, Bain Capital Crypto and Distributed Global in a funding round in May. Macieira said Worldcoin would continue rolling out operations in Europe, Latin America, Africa and "all the parts of the world that will accept us." "The idea is that as we build this infrastructure and that we allow other third parties to use the technology." Michael Will, president of the Bavarian regulator, said it would look into whether Worldcoin's system is "safe and stable".
Persons: Medha Singh, Sam Altman, Worldcoin, Ricardo Macieira, Macieira, Michael Will, Will, Rainer Rehak, Web3, Nette Noestlinger, Matthias Baehr, Elizabeth Howcroft, Tomasz Janowski Organizations: WorldCoin, REUTERS, Reuters, Co, Humanity, Blockchain, Bain Capital Crypto, Companies, Bavarian State Office, Data Protection, Union, Weizenbaum Institute, Worldcoin Foundation, Thomson Locations: Bengaluru, India, Britain, France, Germany, Europe, San Francisco, Berlin, Latin America, Africa, Japan, Bavarian, blockchain, Cayman Islands
AI is shaping up to be a new Cold War with China, according to Marc Andreessen. The Silicon Valley veteran discussed US policymakers' plans on the Joe Rogan Experience podcast. Washington's leaders are determined that the US will beat China in a global race to dominate AI as a new Cold War takes shape, according to Marc Andreessen. Andreessen added that Washington's policymakers said not only do they need "American AI to succeed," but that they need to "beat the Chinese." Andreessen said Beijing's leaders "view AI as a way to achieve population control" because "they're authoritarians."
Persons: Marc Andreessen, Joe Rogan, a16z, Andreessen, Elon Musk Organizations: Silicon, China, Google, Microsoft, Meta, White, Representatives Locations: China, it's, Washington
Marc Andreessen, speaking on a panel with Peter Thiel, backed a Zuckerberg-Musk cage fight. Andreessen and Thiel also said, unrelated, that attendees should homeschool their kids. Billionaire investor Marc Andreessen is apparently rooting for Tesla's Elon Musk and Meta's Mark Zuckerberg to square off in a cage match. He and PayPal cofounder Peter Thiel also urged the event's attendees to homeschool their children, Puck reported. Representatives for both Andreessen and Thiel did not immediately respond to Insider's request for comment.
Persons: Marc Andreessen, Peter Thiel, Zuckerberg, Andreessen, Thiel, Elon Musk, Mark Zuckerberg, Puck's Dylan Byers, Andreessen Horowitz, Puck Organizations: Morning, Allen & Company, Allen, Co, Zuckerberg, New York Times, Thiel Locations: Sun Valley , Idaho, Idaho, Silicon
Marc Andreessen told billionaires to homeschool their children at the Sun Valley conference. Legendary venture capital investor Marc Andreessen has used this week's Sun Valley conference to espouse the benefits of homeschooling. Musk and Zuckerberg have been been trading barbs online since Musk summoned Zuckerberg to a cage fight last month. Meanwhile, it's not the first time that Andreessen has called for more homeschooling. "It certainly feels like we're on the front end of a pretty dramatic homeschooling boom," Andreessen said.
Persons: Marc Andreessen, “ We’re, Puck's Dylan Byers, Peter Thiel, Andreessen, Elon Musk, Mark Zuckerberg, Byers, Musk, Zuckerberg, it's, Colossus, Andreessen Horowitz, Ben Horowitz Organizations: Sun, Morning
It's an opportunity worth watching for investors, and crypto speculators have recently been doing just that. Grayscale Investments recently highlighted three potential risks posed by AI that crypto could potentially limit – identity verification, centralization and data ownership and privacy. Accredited U.S. investors can gain direct exposure to AI-related crypto protocols by investing in private venture fundraising rounds, he added. "So far in 2023, venture capitalists have invested $422 million in crypto applications related to AI, privacy, and identity," according to Grayscale. "In total, the crypto-AI intersection represents more than 10% of total crypto venture capital (VC) funding to date, including two out of the four largest funding rounds."
Persons: , memecoin influencer Elon Musk, Jack O'Holleran, O'Holleran, William Ogden Moore, Andreessen Horowitz, Sam Altman, Smart, We've Organizations: Nvidia, CNBC Locations: U.S, Gensyn
But the company had been warned of potential safety issues with the sub as long ago as 2018, a lawsuit says. Amazon Prime's FTC lawsuit. The Federal Trade Commission sued Amazon on Wednesday, accusing the company of luring customers into Prime subscriptions and creating a "labyrinthine" process to cancel them. After the FTC sued Amazon over its Prime membership signup and cancellation process, Insider compiled a list of the juiciest highlights from the lawsuit. Here's a look at other high-risk voyages popular with the wealthy, from Everest trips to $750,000 expeditions to the deepest point in the ocean.
Persons: Nathan Rennolds, David Lochridge, Tyler Le, Sylvia Duran Chen, Jasper, Tim Chen, Read, Ford, Tesla's Cybertruck, Jim Farley, Ford wasn't, Shopify, Here's, Hallam Bullock Organizations: Anadolu Agency, Getty, Amazon, FTC, Federal Trade Commission, Google, Gen, EV, Everest, Netflix Locations: London, Everest
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Building the backbone of a spacecraft – the satellite bus, which provides the structure, power and movement – has long been a mission-focused endeavor. But Los Angeles-based Apex, founded last year by Ian Cinnamon and Max Benassi, is working to create a satellite bus manufacturer that flips that practice on its head. The startup raised an additional $16 million in a round led by VC firms Andreessen Horowitz and Shield Capital, bringing its total raised to over $27 million, Apex said. "Fundamentally, we're building a real business with real unit economics where we're able to make money on every single sale," he added.
Persons: CNBC's Michael Sheetz, , Ian Cinnamon, Max Benassi, Cinnamon, We're, they're, Andreessen Horowitz Organizations: Aries, Shield Capital, Apex Locations: Los Angeles, Apex
Essence VC has raised its third fund of $27 million from LPs like Cendana and Sapphire Ventures. The fund has bet on buzzy startups like generative AI darling Jasper and a16z-backed Motherduck. And now, his firm Essence VC has just raised its $27 million third fund. The latest fund, backed by VC firms and funds of funds including Cendana Capital, Vintage Investment Partners, Sapphire Ventures, Level Ventures, and Crossover, follows a $7 million and $1 million fund. However, the "first-mover advantage" for startups also holds true in the land of VC, Chen says.
Persons: Jasper, Tim Chen, you've, Liz O'Sullivan, Vera, Chen, Scott Shi, , Chi Zhang, Tim, Zhang, funder Chen, Christos Kozyrakis, Michael Huang, They're, it's, Ben Van Roo, Van Roo, Chen wasn't Organizations: Sapphire Ventures, Cendana, Vintage Investment Partners, Level Ventures, Founders, Stanford, Cloudera, Google Locations: a16z
Mark Cuban recently appeared on the a16z podcast "Bio Eats World" to talk about healthcare. Cuban believes healthcare systems need to adopt more of a "Netflix model" to "truly work." Mark Cuban has been disrupting healthcare with his low-cost online pharmacy, but there are other areas of the industry that can be improved upon too, he believes. Cuban believes that this model, in some ways, can also be applied to a local hospital or healthcare system. "If we're going to change healthcare," Cuban said.
Persons: Mark Cuban, Vijay Pande, Andreessen Organizations: Netflix, Dallas Mavericks, Cuban, Plus Locations: Cuban
June 11 (Reuters) - U.S. venture capital firm Andreessen Horowitz, a major cryptocurrency investor, said on Sunday it will set up its first international office in London, at a time when U.S. regulators have increased scrutiny of the cryptocurrency sector. The London office, set to open later this year, will work with universities in the UK and support the development of blockchain technologies and startups, the company said in a statement, adding that it will be led by one of the firm's general partners, Sriram Krishnan. The decision follows talks with British Prime Minister Rishi Sunak and other authorities for months, Dixon said. Sunak said in the statement he is "determined to unlock opportunities" for blockchain technology and "turn the UK into the world’s Web3 centre". Reporting by Rishabh Jaiswal and Jahnavi Nidumolu in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Andreessen Horowitz, Sriram Krishnan, Andreessen, We're, Chris Dixon, Andreessen's, Rishi Sunak, Dixon, Sunak, Rishabh Jaiswal, Muralikumar Organizations: U.S . Securities, Exchange Commission, SEC, British, Thomson Locations: London, Bengaluru
London crypto move is a sign of desperate times
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK/LONDON, June 12 (Reuters Breakingviews) - UK Prime Minister Rishi Sunak is eager to bring some Silicon Valley glitz to London. Now venture capital investor Andreessen Horowitz is setting up its first non-US office in the British capital, to focus on blockchain and cryptocurrencies. The then-finance minister in 2021 declared as “fantastic” the decision by Deliveroo (ROO.L) to list its shares in London. Despite Sunak’s call for the UK to “embrace new innovations” like the blockchain, Britain’s appetite for crypto remains uncertain. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Rishi Sunak, Andreessen Horowitz, Binance, Sunak, Deliveroo, “ gosh, Bobby Kotick, Anita Ramaswamy, Karen Kwok, Stellantis, Peter Thal Larsen, Streisand Neto Organizations: Reuters, U.S . Securities, Exchange Commission, Coinbase, Stanford University, Chips, Activision Blizzard, Twitter, Brookfield, Thomson Locations: London, U.S, Teck, China
Unlike most tech conferences where tickets cost thousands, Tech Week is mostly free and open to anyone. If last year's hastily arranged LA Tech Week served as venture firm Andreessen Horowitz's LA coming out party, this year's version – taking place just 10 months later – served as the more polished but lower energy summer sequel. Unlike most tech conferences where tickets cost thousands of dollars, Tech Week, which concludes Sunday, is mostly free and open for anyone to attend or even host their own event. The LA Tech Week kickoff party in Pacific Palisades hosted by Crosscut and 75 & Sunny. Mostly gone unsaid was the dismal state of the tech market, which has worsened considerably since last year's Tech Week; Down rounds and layoffs do not make for great cocktail conversation.
Persons: Andreessen, , Drew Glover, Glover, Ben Bergman, we'll, Gabe Greenbaum, unsaid, Jeremy Milken, Sophia Amoruso, Nasty, Amoruso Organizations: Tech, LA Tech, Santa, Fiat Ventures, Crosscut, B, Watertower Ventures, Trust Fund, Trust Locations: Santa Monica, marveling, St, LA, Hollywood, Venice, Pacific Palisades, Venice Mexican
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