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☆ Multi-agent systems are the next big thing in AI. Here's why VCs at NEA, Mayfield Fund, and Foundation Capital are excited.
▼ + stars: | 2024-07-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

Startups are building AI agents that collaborate to fill out forms, dial customer service reps, and order food delivery. These "multi-agent systems" are the next hot thing, according to investors from NEA, Mayfield Fund, and Foundation Capital. Multi-agent systems are distributed systems of multiple specialized AI agents that work together toward a collective goal. AdvertisementIn contrast, multi-agent systems are built on top of LLMs and are designed to execute a task from start to finish. AdvertisementMayfield Fund's Navin Chaddha is optimistic — AI agents will serve as teammates to workers.

Persons: —, Spike Jonze's, that's, OpenAI's, NEA's Madison Faulkner, Devin, Warren Hui, Nitta, Satya Nitta, Ashpreet Bedi, Faulkner, Mayfield Fund's Navin Chaddha, …, It's Organizations: Service, NEA, Mayfield Fund, Foundation Capital, Business, Soul Ventures, Nvidia Locations: Italy, PitchBook, Japan

☆ I've visited 60 countries. Skip the crowds in Bali — visit this lesser-known gem in South Asia instead.
▼ + stars: | 2024-07-29 | by ( Kate Mcmahon | ) www.businessinsider.com time to read: +5 min

But although Sri Lanka is called India's teardrop, I think it's really its gem. AdvertisementIn my seven years of traveling to 60 countries — including most countries in Southeast Asia — I have rarely been anywhere as wild and diverse as Sri Lanka. There's a lot to do in Sri LankaElephants can be spotted in Sri Lanka. For history and culture buffs, Sri Lanka is also a must-visit countryGet to know the people of Sri Lanka — and their history. AdvertisementDuring my travels, I've also met some of the kindest, most hospitable people in Sri Lanka.

Persons: —, hasn't, Kate McMahon, Jack Lawes, chiles, I've Organizations: Service, Business, Sri Lanka —, . Locations: Sri Lanka, India, Southeast Asia, Bali, New York, Africa, Trincomalee, there's, Jack Lawes Sri Lanka, Ceylon, Kingdom of Kandy, British, . Historic

☆ Burned out from their healthcare jobs, this millennial couple sold almost everything to take a gap year around the world
▼ + stars: | 2024-07-28 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

Read previewA week into their honeymoon in 2022, Katie Flynn and Mistry Bhavik faced a major healthcare: Flynn had caught a severe amoeba infection while traveling in the Philippines. Both full-time pharmacists in Ontario, Canada, the couple had no idea when they could travel for a long period again. AdvertisementThe couple set a budget of $45,000 — or $123 per day for both — for their yearlong trip. Katie Flynn and Bhavik MistryTwo months into their adventure, they regularly update their Instagram page, @katieandbhav, where they have also found a community of like-minded travelers. Some millennials, like Flynn and Mistry, have turned to long-term travel to escape corporate life.

Persons: —, Katie Flynn, Mistry Bhavik, Flynn, Mistry, Bhavik Mistry Flynn, Bhavik Mistry, Olivia Young, Jo Fitzsimons, We're Organizations: Service, Business, World Health, American Psychological Association Locations: Philippines, Ontario, Canada, Japan, Thailand, Malaysia, Sri Lanka, Chiang Mai, New Zealand

☆ Openness in AI is necessary to promote fair and competitive markets, said FTC's Lina Khan
▼ + stars: | 2024-07-25 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

"These conditions have allowed, in some instances, the biggest technology companies to get a layup in the AI space," Khan said. In particular, Khan called for AI models' weights to be publicly available. In the age of AI, Khan said both consumers and enterprises are uncertain of their data's protections when using foundation models. "We only focus on deals that have problems…it's a narrow set of deals that satisfy a narrow set of criteria." In March, Microsoft paid $650 million in a licensing deal to Inflection AI, an emerging OpenAI rival, to use its AI models and hire most of its employees.

Persons: —, Lina Khan, Khan, We've, you've, Jonathan Kanter, Kevin Dietsch, Kanter, execs Organizations: Service, Federal Trade Commission, FTC, Big Tech, Microsoft, Google, Business, Meta, Antitrust, Department of Justice, DOJ, Apple, Tech, New York VC, YC, Amazon Locations: OpenAI, America

☆ 'I just wanted to take a break:' Some early-stage founders are putting their startup dreams on hold in the tech downturn to try corporate life
▼ + stars: | 2024-07-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMehak Vohra has been a startup founder ever since she dropped out of college in 2016. But earlier this year, she shut down Skillbank and joined a bigger tech company as its head of marketing. That has early-stage startup founders who founded companies during the free-flowing boom cycle that ended in 2022 rethinking whether they want to be founders after all. I have a much bigger social life now, and I don't feel bad about going out."

Persons: —, you've, Ishita Arora, Arora, Jacek Prus, Prus, Sri Chandrasekar, Chandrasekar, I've Organizations: Service, Jamocha Media, Business, Instrumentl, Animal, Point72 Ventures Locations: San Francisco

☆ My child is neurodivergent and traveling can be hard. We do it anyway because he loves it.
▼ + stars: | 2024-07-20 | by ( Melissa Petro | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It is sometimes difficult to protect him (and ourselves) from ignorant attitudes about his condition, especially when we travel. A recent trip to San Juan, Puerto Rico, perfectly illustrates how we've learned to amplify the joys and mitigate the challenges of traveling with a neurodivergent child. My second child responded how a neurotypical child naturally would. One thing's for sure: traveling with my neurodivergent kid is never a dull moment.

Persons: —, Oscar, we've, Casey Erlich, we're, doesn't, I've, Molly Organizations: Service, Business Locations: San Juan , Puerto Rico, San Juan, Manhattan, Sri Lanka

☆ Here's the Pitch Deck Startup Vitable Health Used to Raise $16 Million
▼ + stars: | 2024-07-19 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

Vitable Health aims to make healthcare more affordable for hourly employees at small businesses. Joseph Kitonga, the founder and CEO of Vitable Health, saw this problem firsthand through his parents' small business, where only 10% of employees opted for health insurance. The average health insurance premium of $500 per individual and over $1,000 per family is simply too costly for blue-collar hourly employees, said Kitonga. This realization led to the creation of Vitable Health, an affordable digital health plan for small businesses. This story is available exclusively to Business Insider subscribers.

Persons: —, Joseph Kitonga Organizations: Cherryrock Capital, Service, Vitable, Health, Business

Andreessen and Horowitz are the latest and most prominent members of the startup investing community to publicly support Trump. Up until now, there have been pockets of vocal Trump support within Silicon Valley, including conservative provocateur Peter Thiel, the pugnacious hosts of the All-In podcast, and Palantir co-founder Joe Lonsdale. WE HAVE A FORMER TECH VC IN THE WHITE HOUSE. Most of the VCs Business Insider spoke to were unanimously against Kahn. "If it is Biden vs. Trump officially, I think many '"never Trumpers" will go with Trump," said a Bay Area VC.

Persons: —, Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Donald Trump, Sen, JD Vance, Peter Thiel's, Steve Case, Andreessen, Horowitz, provocateur Peter Thiel, Palantir, Joe Lonsdale, Elon Musk, who's, Joe Biden, Vance, Trump, IT'S JD VANCE, WE, MAGA, he's, Bradley Tusk, Chuck Schumer, Tusk, Lina Khan, That's, what's, Kahn, Lina Kahn, Khan, Biden, they're, David Hornik Organizations: Service, The Little, Business, Trump, Wall Street, Founder's Fund, TECH, Democratic, Biden, FTC, SEC, Bay, Republican, Sequoia Capital, Lobby Locations: America, Silicon Valley, New York, Delian, San Francisco, Silicon, There's

☆ Exclusive: AI coding startup Anysphere is raising a new funding round with at least a $400 million valuation from A16z
▼ + stars: | 2024-07-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

A16z is investing in Anysphere at a valuation of at least $400 million, sources say. Anysphere's investors include OpenAI Startup Fund, Sequoia Capital, and BoxGroup. AdvertisementAnysphere, a startup creating an AI code editor called Cursor, is raising a new funding round with at least a valuation of $400 million from A16z, Business Insider has learned. Founded in 2022, Anysphere last raised $8 million in seed funding at a valuation of $56.5 million, according to PitchBook data. This story is available exclusively to Business Insider subscribers.

Persons: —, Anysphere, Nat Friedman, Arash Ferdowsi Organizations: OpenAI, Sequoia Capital, Service, OpenAI Startup, Business Locations: Anysphere, A16z

☆ Asia’s 50 best bars for 2024 revealed
▼ + stars: | 2024-07-16 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Bar Leone – an Italian cocktail spot in central Hong Kong – has been crowned the best bar in Asia. Bar LeoneBefore Bar Leone’s triumph, the top spot was held by another Hong Kong bar, mezcal-forward Coa, which spent a record three years atop the list. The list, which was first put together in 2017, added a new category this year recognizing best bar design. “Sustainability is also how we promote and preserve Korean bar culture.”Emma Sleight, head of content for 50 Best Bars and 50 Best Hotels, told CNN that Asia’s bar scene “is one of the best in the world, it’s incredibly young and dynamic and ever-changing. “Free drinks at Bar Leone for everyone tonight!” he shouted triumphantly, before leaning over to his colleagues and whispering, “The bar is closed tonight, right?”Asia’s 50 Best Bars for 20241.

Persons: Hong Kong CNN — Bar Leone –, Hong Kong –, “, ”, Lorenzo Antinori, Antinori, ” Lorenzo Antinori, Bar, Jay Khan, Hong Kong’s, –, Khan, ” Khan, Craftroom, Changsha’s, Demie Kim, Kim, Emma, Aubrey, Regis Organizations: Hong Kong CNN — Bar, CNN, Rosewood, Bar, Bar Leone, “, BKK Social, Hope, Sesame, Sago, Regis Bar, SG, Analogue Initiative, Employees, House, Chamber, Co Locations: Hong Kong, Hong Kong CNN — Bar Leone, Italian, Asia, Rome, Hong, Kowloon, Bar Leone, Singapore, Busan, Seoul, Tokyo, Bangkok, Penrose, Kuala Lumpur, Jakarta, Vesper, Guangzhou, Bar Cham, St, Macao, Offtrack, Pantja, Osaka, Sri Lanka, Vender, Taichung, Taiwan, Manila, Taipei, Barc, Kathmandu, ZLB23, Bengaluru, India, Fura, CMYK, Changsha, China, Hanoi

☆ The Chinese Base That Isn’t There
▼ + stars: | 2024-07-14 | by ( Agnes Chang | Hannah Beech | ) www.nytimes.com time to read: +10 min

Security gate Chinese-funded buildup CAMBODIA Chinese warship CAMBODIA CAMBODIA Dry dock and other repair facilities Before After China insists it is not building a naval base in Cambodia. CHINA Ream, CambodiaThe Chinese Base That Isn’t There New facilities and the months-long presence of Chinese warships show Beijing’s growing global influence. In 2020, something curious happened at Cambodia’s Ream military base, on the Gulf of Thailand. The Chinese military presence near one of the world’s most vital sea lanes raises fundamental questions about Beijing’s ambitions. “The Ream military base is Cambodia’s, not the military base of any country,” Mey Dina, the commander of the base, told The New York Times.

Persons: CHINA, —, ”, Jan, John, “ We’re, Lloyd J, Austin III, ” Mey Dina, Mey Dina, Xi Jinping, dredgers, Ream, Gregory B, Poling, ‘ Ream, Xi, Hun Sen, Mr, Hun Sen’s, Hun Manet Organizations: U.S . Defense Department, Thunderbird School of Global Management, Arizona State University, Agence France, Navy, Planet Labs, Ream, Pentagon, New York Times, China’s, China’s Djibouti Naval, Basketball, Djibouti ETHIOPIA Perimeter, NAM Ream, Center for Strategic, International Studies, Cambodian, Congressional Research Service, White, AMERICA Ports, SOUTH AMERICA SRI LANKA, China, China ASIA EUROPE CHINA AFRICA Djibouti Ream SRI LANKA, United States Military Academy Locations: CAMBODIA CAMBODIA, China, Cambodia, CHINA Ream, Thailand, Ream, South China, American, Cambodian, U.S, People’s Republic, China’s, Djibouti, Horn of Africa, China’s Djibouti, YEMEN Djibouti, Djibouti ETHIOPIA, THAILAND, Cambodia Malacca, Africa, Asia, Southeast Asia, Djibouti Ream Africa, ASIA EUROPE, China CHINA AFRICA Djibouti, AUSTRALIA, China ASIA EUROPE CHINA AFRICA Djibouti, United States, Spratlys

☆ How professional investors are gearing up for the presidential election
▼ + stars: | 2024-07-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Heading into November's U.S. presidential election, professional investors agree on one strategy — diversification remains key. Diversification to hedge tax rate risk FBB Capital Partners' Mike Bailey said that should former President Donald Trump win, his tax cuts might mean better overall prospects for equities. Bailey emphasized that while his investment strategy avoids predicting macroeconomic events and timing the market, Depending on the election's outcome, there could obviously be different results for investors, investors could find it helpful to look at the extreme outcomes of the election. He recommended diversifying across different asset classes, since higher tax rates could lead to downside in the equity market. "If tax rates change, I don't think bonds are going to move that much, so you're pretty safe on that side," he said.

Persons: Mike Bailey, Donald Trump, Bailey, Tesla, John Davi, we're, Davi, You've, it's, Kumar Organizations: November's U.S, Nasdaq, Federal Reserve, Dow Jones, CNBC Pro, Wall, Capital Partners, CNBC, Astoria, Komal, Sri, Kumar Locations: U.S, —, China, Mexico

☆ India’s ‘godmen’: How a rigid caste system has created a new kind of deity
▼ + stars: | 2024-07-12 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

The man they had come to see was known to his disciples as Bhole Baba, a self-styled Hindu spiritual leader worshipped by many as a living god. “My mother believed in (Bhole Baba). What could I do?”People like Lal’s mother – poor and on the lower rungs of India’s hierarchical caste system – make up the bulk of Bhole Baba’s following. Claiming to possess mystical knowledge and the ability to cure illness and solve problems, godmen inspire remarkable fervor in their millions of followers. Gurmeet Ram Rahim Singh, head of the spiritual organization Dera Sacha Sauda, is another self-styled spiritual guru revered by millions.

Persons: –, Bhole Baba, ”, “, Meera Nanda, Sakib Ali, Subhash Lal, Lal, Narayan Sakar, Kalyani, Sheetal, Bhole, Jatav, Sathya Sai Baba, Ravi Shankar, Gurmeet Ram Rahim Singh, Sacha Sauda, Parveen Kumar, Singh, ” Nanda, Asaram Bapu, Sunil Verma, Sai, Goldie Hawn, Isaac Tigrett, Sachin Tendulkar, Manmohan Singh, Surendra Singh, Narayan Sakar Hari resound, Aishwarya S, Iyer Organizations: CNN, Hindustan Times, Uttar, Uttar Pradesh Police, Azim Premji University, ” Miracle, Pacific Press, Rock Locations: India’s Uttar Pradesh, India, Hathras, Uttar Pradesh, Garhi, India’s, Bangalore, ”, Bole, Gurugram

☆ Here's the immigration firm that is helping "extraordinary" AI engineers qualify for an H-1B alternative visa
▼ + stars: | 2024-07-11 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +7 min

The US issues just 140,000 employment-based visas and 85,000 H-1B visas a year. The O-1 visa has eight criteria; applicants must meet three out of eight to qualify. "A lot of it is a storytelling exercise about yourself to meet the criteria of the O-1," Wehden said. AdvertisementGabriel Petersson, a Midjourney engineer and high school dropout, initially considered an H-1B visa before realizing it required a college degree. While 85% of the company's petitions have been for O-1 visas thus far, it also supports green card applications.

Persons: —, Joe Biden, Donald Trump, Lisa Wehden, Wehden, Lisa, Justin Bieber, Plymouth's, Gabriel Petersson, Petersson, Minn Kim Organizations: Service, Plymouth, Business, Immigrants, Microsoft, Nvidia, Google, Immigration, Employers, O1, Institute for Progress, Schmidt, Emergent Ventures, Talent Mobility Fund Locations: Plymouth, America

☆ NATO's increasing focus on China and what it means for Asia
▼ + stars: | 2024-07-11 | 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 EmailNATO's increasing focus on China and what it means for AsiaWith NATO's increasing focus on China, what does it mean for other Asia countries such as Japan, South Korea, Southeast Asian nations and Australia? CNBC's Martin Soong, Sri Jegarajah, Sam Vadas and Lin Lin talk about the big geopolitical shift in the region.

Persons: CNBC's Martin Soong, Sri Jegarajah, Sam Vadas, Lin Lin Locations: China, Asia, Japan, South Korea, Southeast, Australia

This week, the 28-year-old venture capital firm debuted a new pair of funds totaling $2.3 billion, a substantial sum during an abysmal time for the industry's fundraising efforts. The European-born firm is structured in a way that investors across continents invest out of the same funds. The new funds include $800 million to invest at the early stage and $1.5 billion to invest in growth. Those figures are slightly down from the firm's last fundraise, when it collected $900 million for an early-stage fund and $2 billion for a growth fund. That year, Index saw seven portfolio companies go public at a market cap of more than $1 billion, including Roblox and Robinhood.

Persons: —, Nina Achadjian, Sofia Dolfe, Ishani Thakur, Vlad Loktev, Erin Price, Wright, Andreessen, Mark Goldberg, He's, Ethan Kurzweil, Kristina Shen, Mike Volpi, Greycroft Organizations: Service, Ventures, Business, San, Labs, Bessemer Venture Partners, Menlo Ventures Locations: San, West Coast, San Francisco, Index's London, New York, London, Europe

☆ The Killer Stalking Sri Lanka’s Men
▼ + stars: | 2024-07-08 | by ( Kang-Chun Cheng | Apoorva Mandavilli | ) www.nytimes.com time to read: 1 min

Something odd has been happening to young men in the sultry farming and fishing communities of Sri Lanka. Since the 1990s, men in their 30s and 40s have been turning up at hospitals with late-stage kidney failure, needing dialysis or even transplants. In some communities, as many as one in five young men is affected. The trend is most striking in young men, but some women, too, seem to have the disease. And children as young as 10 already show early signs of kidney trouble.

Locations: Sri Lanka

☆ Software security startup Chainguard is raising a new funding round at a $1.1 billion valuation, sources say
▼ + stars: | 2024-07-08 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

It will be valued at $1.1 billion in a new funding round, sources say. AdvertisementChainguard, a startup that boosts the security of customers' software supply chains, is raising a new funding round at a $1.1 billion valuation, Business Insider has learned. The latest fundraise would triple the startup's valuation from its last funding round, a $61 million Series B last November that valued it at $411 million, according to PitchBook data. Founded in 2021, Chainguard's investors include Spark Capital, Sequoia Capital, Amplify Partners, The Chainsmokers' Mantis VC, and Banana Capital. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Sequoia, Spark, Service, Sequoia Capital, Banana, Business

☆ India’s Modi lands in Russia for talks with Putin in first visit since start of Ukraine war
▼ + stars: | 2024-07-08 | by ( Rhea Mogul | ) edition.cnn.com time to read: +5 min

During his two-day visit, Modi is expected to attend a private dinner hosted by Vladimir Putin and hold talks with the Russian president, according to India’s foreign ministry spokesperson Randhir Jaiswal. Reducing the trade imbalance would be a “matter of priority” in Modi’s discussions with Putin, he added. Modi’s visit to Russia is also widely seen as the latest dent in efforts by Western leaders to cast Putin aside. Later that year, Putin did not attend the Group of 20 leaders’ summit in New Delhi, during which leaders delivered a consensus statement criticizing his invasion of Ukraine. Following his Russia trip, Modi will visit Austria in the Indian leader’s first visit to the European nation, according to his office.

Persons: CNN —, Narendra Modi, Modi, Vladimir Putin, Randhir Jaiswal, ” Jaiswal, Putin, “, Jaiswal, ” Modi, ”, Nandan Unnikrishnan, China’s, Joe Biden Organizations: CNN, CNN — India’s, Kremlin, West . Trade, United Nations, Shanghai Cooperation Organization, SCO, Observer Research Locations: Russia, Moscow, Ukraine, China, New Delhi, India, Uzbekistan, Bhutan, Sri Lanka, Maldives, Delhi, Beijing, Kazakhstan, Soviet Union, Western, United States, Washington, Japan, Australia, ’, Austria

☆ Sri Lanka's path to debt sustainability: Minister says diversifying exports is among key steps
▼ + stars: | 2024-07-08 | 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 EmailSri Lanka's path to debt sustainability: Minister says diversifying exports is among key stepsAli Sabry, Sri Lanka's foreign affairs minister, discusses the country's economic crisis and what it's doing to avoid having to resort to another International Monetary Fund program.

Persons: Ali Sabry Organizations: Monetary Fund

☆ 5 hot spots where San Francisco's startup founders, VCs, and tech workers hang out
▼ + stars: | 2024-07-08 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +8 min

Here are five "third places" where San Francisco's founders, VCs, and tech workers are gathering. GroundfloorGroundfloor Sri MuppidiFounded in 2021, Groundfloor is a brightly lit community space located in the heart of San Francisco's Mission neighborhood. The space also doubles as a social space. AdvertisementThe Center SFThe Center SF The Center SFThe Center SF is a community hub located in a large Victorian house. The community space is funded entirely by donations.

Persons: —, Francisco, Ray Oldenburg, Sean Ang, Ang, Elizabeth Young, Max Wolff, they've, Zack Wexler, San Francisco Baybay Organizations: Service, Tech, San Francisco, Business, Groundfloor, Club, San, San Francisco Standard, Visitors Locations: San, Hayes Valley, Muppidi, Francisco's, Groundfloor, San Francisco

☆ Parisian cafés are a cherished part of French culture. Here’s why they might be in trouble
▼ + stars: | 2024-07-04 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +6 min

A job French people don’t want? Half of the 86,000-plus chefs in the French capital are immigrants, according to data published by the French National Institute of Statistic and Economic Studies in 2022. Often in Paris, the kitchens are very small, so it’s a very strenuous job,” Mousson said. “For a small business like us, we cannot afford to hire multiple people in the kitchen,” Mousson said. While it remains to be seen if the party can capture an absolute majority in the French National Assembly, it will almost certainly become the biggest force in the new parliament.

Persons: Pinardier, It’s, Sazal Saha, Saha, He’s, ” Saha, “, I’m, ”, Xiaofei Xu, Olivier Dussopt, Florian Mousson, Le Pinardier, Mousson, ” Mousson, Le, he’s, Mousson’s, ‘ Organizations: Paris CNN —, Bretagne, Le, Curie School, CNN, European Union, French Labor, French National Institute, Studies, Rassemblement National, Mousson’s, Craigslist, –, Saha, National, French Interior Ministry, French National Assembly Locations: Paris, Kuhlna, Bangladesh, Joliet, France, Europe, Sri Lanka, Marseille, South Asia, Comoros, French

☆ Long-term treasury yields depend on fiscal deficit performance, says Komal Sri-Kumar
▼ + stars: | 2024-07-03 | 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 EmailLong-term treasury yields depend on fiscal deficit performance, says Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins CNBC's 'Squawk Box' to discuss market outlooks, how the market is reacting to presidential candidates, and more.

Persons: Komal, Kumar Komal, Kumar Organizations: Sri, Kumar

☆ How Rak Garg became Bain Capital Ventures' youngest partner at just 27 years old in less than 3 years
▼ + stars: | 2024-07-02 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +7 min

After spending two years building products at Atlassian, Garg quit his job to start his own company. However, through his efforts to start a company, Garg met Enrique Salem, a board member of Atlassian and partner at Bain Capital Ventures, the multi-stage venture fund managing over $10 billion in assets and a unit of Bain Capital. In response, Garg helped start Atlassian Access, a new identity management product that scaled to thousands of customers. AdvertisementBecoming BCV's youngest partner in under 3 years"I didn't know anything about venture," Garg said. "We are very high-touch in how we work with these companies," Garg said.

Persons: —, Garg, Enrique Salem, Salem, Rak Organizations: Service, Business, Bain Capital Ventures, Bain Capital, BCV, UCLA, Atlassian, Viso Trust, BCV Labs Locations: Atlassian, Delhi, Bay, ideating

☆ AI startup Abnormal Security is set to be valued at $5 billion in new funding round, sources say
▼ + stars: | 2024-07-01 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +1 min

Abnormal Security uses AI to guard users from cyber threats across email and apps. It is set to be valued at $5 billion in a fresh funding round, according to two sources. The company was valued at $4 billion in a 2022 funding round led by Greylock Partners. AdvertisementAbnormal Security, a startup that uses artificial intelligence to guard users from cyber threats across email and apps, is set to be valued at $5 billion in a fresh funding round, according to two sources familiar with the deal. The company has raised a total of $374 million in venture funding.

Persons: — Organizations: Security, Greylock Partners, Service, Insight Partners, Menlo Ventures, The Syndicate Group, Business

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