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☆ Mark Cuban says healthcare has to have more of a 'Netflix model'
▼ + stars: | 2023-06-13 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +3 min

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

☆ Venture capital giant Andreessen Horowitz to open first office outside of the US in London as it bets on the UK to become leader in crypto regulation
▼ + stars: | 2023-06-12 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London. The Silicon Valley giant is betting on the UK to become a leader in crypto regulation. Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London as it bets on the British government to become a leader in crypto regulation. Meanwhile, venture capital funding to crypto companies has collapsed over the past year. Andreessen general partner Chris Dixon said that crypto was still in its "early innings" and that technology takes "decades to develop," in a blog post announcing the London office.

Persons: Andreessen Horowitz, Chris Dixon, Sriram Krishnan, Binance, Rishi Sunak, Dixon, Sunak, there's Organizations: Venture, Twitter, Facebook, Securities and Exchange Commission, SEC, School from, Catalyst, Bessemer, Lightspeed Venture Partners Locations: London, Europe, School from London, Silicon, Sequoia

☆ Andreessen Horowitz to open its first international office in London
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

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

☆ Andreessen Horowitz to open first office outside the U.S. in London in bet UK will become crypto hub
▼ + stars: | 2023-06-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced Monday. Sriram Krishnan, an ex-Twitter employee who joined Andreessen Horowitz as a general partner, will relocate to London to head up the firm's office there, Quintenz said. Andreessen Horowitz also plans to launch its first crypto startup school in the U.K. in a bid to identify future talent in the crypto and Web3 space. Andreessen Horowitz has been one of the most active investors in crypto and Web3, backing startups ranging from the crypto-based sports collectibles trading game Dapper Labs to nonfungible token marketplace OpenSea. Andreessen Horowitz was not an investor, but several rival firms, including Sequoia, were.

Persons: Coinbase, Andreessen Horowitz, Brian Quintenz, Sriram Krishnan, Quintenz, ‘ Organizations: U.S, U.S . Securities, Exchange Commission, SEC, CNBC, Twitter Locations: Silicon, Airbnb, Coinbase, London, U.S, United States, FTX, Sequoia

☆ Investors shut out of traditional funding rounds are scouring secondary markets to snap up shares in buzzy AI startups like Dataminr, Hugging Face, and Anthropic
▼ + stars: | 2023-06-12 | by ( Leena Rao | Ben Bergman | ) www.businessinsider.com time to read: +4 min

As the AI craze continues, investors are eager to buy shares of these startups on secondary markets. AI startup shares have been the top in demand sector every month this year, according to EquityZen. It seems that every week there's a new hot AI startup that's raising a big round. ForgeGlobal, a marketplace for secondary transactions of startup shares, is seeing similar excitement from investors in AI startups. Sequoia, General Catalyst, Andreessen Horowitz and many others have been aggressively investing in AI startups.

Persons: Phil Haslett, Haslett, Avlok Kohli, Howe Ng, Ng, Catalyst, Andreessen Horowitz, Javier Avelos, OpenAI, Anthropic, Avelos Organizations: sixfold, SamBaNova Systems, Microsoft, Google Locations: secondaries, Sequoia, Caplight

☆ 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

☆ LA Tech Week, the summer sequel, is more polished but some of the sizzle is gone
▼ + stars: | 2023-06-10 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

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

☆ Marc Andreessen says that even though AI isn't sentient, it's more empathetic than humans, and will 'make the world warmer and nicer'
▼ + stars: | 2023-06-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

AI "will make the world warmer and nicer," according to A16z's Marc Andreessen. Andreessen also warned against "full-blown moral panic" from cultish "AI risk doomers." Marc Andreessen says that artificial intelligence is more empathetic than humans and "will make the world warmer and nicer." "Rather than making the world harsher and more mechanistic, infinitely patient and sympathetic AI will make the world warmer and nicer." Andreessen said that there was "full-blown moral panic about AI," in part fueled by "AI risk doomers" whom he described as a "cult."

Persons: A16z's Marc Andreessen, Andreessen, Marc Andreessen, it's

☆ Marc Andreessen says AI will 'make the world warmer and nicer,' because even though it isn't sentient, it's more empathetic than humans
▼ + stars: | 2023-06-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Persons: A16z's Marc Andreessen, Andreessen, Marc Andreessen, it's

☆ Rigetti Computing founder joins quantum computing-focused venture fund
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Chad Rigetti, the founder of Rigetti Computing (RGTI.O), joined quantum technology-focused fund QDNL Participations as a partner, the venture capital firm said on Wednesday. Rigetti Computing started trading on Nasdaq in March 2022 after a merger with a blank-check company. Rigetti left the quantum computing firm backed by Y Combinator and Andreessen Horowitz late last year. Backed by Europe-based Quantum Delta NL foundation, QDNL Participations is a 15 million euro ($16.02 million) fund for early-stage Dutch quantum technology start-ups. Still, it is uncertain when these machines would be ready despite billions being poured into the technology, with big tech companies such as Alphabet (GOOGL.O), IBM (IBM.N) and Microsoft (MSFT.O) betting on this future computing technology.

Persons: Chad Rigetti, Rigetti, Y Combinator, Andreessen Horowitz, QDNL, Jaspreet Singh, Jane Lanhee Lee, Krishna Chandra Organizations: Rigetti Computing, Nasdaq, Delta, IBM, Microsoft, Thomson Locations: Europe, Bengaluru

☆ OpenAI CEO Sam Altman says there's 'too much of an investor frenzy around AI in the short-term' in Silicon Valley
▼ + stars: | 2023-06-07 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +4 min

Altman said there's too much short-term investor frenzy, and not enough long-term vision. "There's crazy stuff happening in Silicon Valley right now," the OpenAI CEO said. OpenAI CEO Sam Altman thinks there's too much investor hype around artificial intelligence in Silicon Valley right now. When asked about the investor AI frenzy, Altman didn't mince words. Funding to generative AI startups alone has jumped 580% in the past three years, according to PitchBook data.

Persons: Altman, there's, Sam Altman, There's, OpenAI, Andreessen Horowitz, Harvey, Langchain, Paul Graham, Graham, hasn't, Elon Musk, we're Organizations: Morning, Indian, Economic Times, Elon Locations: Silicon Valley, India, Europe, Israel, GPT

☆ Andreessen Horowitz-backed fintech Payrails just raised $14.4 million from EQT and General Catalyst using this 11-slide pitch deck
▼ + stars: | 2023-06-07 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

German fintech Payrails has brought in a $14.4 million funding extension. The startup has raised the fresh funds from EQT Ventures and General Catalyst. German fintech startup Payrails has raised $14.4 million in a funding extension from EQT Ventures and General Catalyst, the company said on Tuesday. The fresh funds come from EQT Ventures and General Catalyst, confirming previous Insider reportingVC giant Andreessen Horowitz and German investor HV Capital funded a $6.4 million seed round in 2021. "We've grown and now have large enterprises using the product so the fundraising is a decision to help us accelerate our product roadmap."

Persons: Payrails, Catalyst, Andreessen Horowitz, Orkhan, Emre Talay, Nicolas Thouzeau, we've Organizations: EQT Ventures, Capital

☆ Marc Andreessen Has a Plan to Use 'AI to Save the World'
▼ + stars: | 2023-06-06 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +4 min

Marc Andreessen writes that AI can "make everything we care about better" in a new blog post. He believes AI companies should be able to build fast and aggressively without regulation. The current AI wave wouldn't be complete without a pithy missive from famed venture-capitalist and entrepreneur Marc Andressen. To help avert those risks, Altman recommended to lawmakers that a new agency should be created to police AI projects, particularly ones that operate at higher levels of capabilities. He also says his firm is eager to fund AI startup founders.

Persons: Marc Andreessen, Marc Andressen, Andreessen Horowitz, he's, Andreessen, Sam Altman, Altman, Andreeseen, Catalyst, Nat Friedman Organizations: OpenAI Locations: China, Coactive, London

☆ A.I. doomers are a ‘cult’ — here’s the real threat, according to Marc Andreessen
▼ + stars: | 2023-06-06 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

Andreessen Horowitz partner Marc Andreessen Justin Sullivan | Getty ImagesVenture capitalist Marc Andreessen is known for saying that "software is eating the world." When it comes to artificial intelligence, he claims people should stop worrying and build, build, build. Andreessen writes that there's a "wall of fear-mongering and doomerism" in the AI world right now. Andreessen writes that people in roles like AI safety expert, AI ethicist and AI risk researcher "are paid to be doomers, and their statements should be processed appropriately," he wrote. In Andreessen's own idealist future, "every child will have an AI tutor that is infinitely patient, infinitely compassionate, infinitely knowledgeable, infinitely helpful."

Persons: Andreessen Horowitz, Marc Andreessen Justin Sullivan, Marc Andreessen, Andreessen, It's, it's, Bill Gates, Sam Altman, Demis Hassabis, Ben Horowitz Organizations: Getty Images Venture, Nvidia, Microsoft, Center, AI Safety, Tech Locations: China

☆ An alcohol-free San Francisco mansion is now a hype house for developers making their own AI apps
▼ + stars: | 2023-06-01 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

A wave of generative AI founders have reportedly found a venue in HF0 to develop their ideas. The New York Times reports the effort is a communal hub for founders and ex-Big Tech engineers. In an alcohol-free, work-hard, play-hard hotel environment, developers can revel and dine together while building their businesses, The New York Times reports. It's been steadily attracting developers with a knack for AI, according to The Times' feature, though it's open to aspiring tech founders in general. Read the full story at The New York Times.

Persons: revel, Hacker, It's, who've, Andreessen Horowitz, Lu, Jeff Chiu, Dave Fontenot, Emily Liu, Evan Stites, Clayton, HF0, Fontenot didn't, ChatGPT Organizations: New York Times, Big Tech, Morning, The Times, Google, Sequoia, Times, The New York Times Locations: HF0, San Francisco, San

☆ BlackRock is spending 'a huge amount of time' on AI, CEO Larry Fink says
▼ + stars: | 2023-05-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +3 min

BlackRock CEO Larry Fink said the firm is spending a lot of time analyzing artificial intelligence. The firm's experts believe AI will increase productivity by 30%, Fink said on Wednesday. A BlackRock team called AI Labs that works on natural language processing and other areas. If AI can meaningfully increase productivity, Fink said, then "you don't have to own just these AI companies. Bank of America research analysts have called AI a "baby bubble" for the investment mania around the tech.

Persons: Larry Fink, Fink, " Fink, He's, Deutsche Bank CEO Christian Sewing, OpenAI's ChatGPT, ChatGPT, Catalyst, Andreessen Horowitz Organizations: BlackRock, Deutsche Bank, Deutsche Bank CEO Christian, of America Locations: BlackRock, New York, Palo Alto , California, Edinburgh, Scotland

☆ VC firm Sequoia is pulling out all the stops to dominate AI, insiders say. The firm is using everything from 'speed dating' to star studded summits to woo founders.
▼ + stars: | 2023-05-22 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +10 min

It's just one move of many the VC firm has taken to cement its position in the white-hot AI space. Huang and Grady wrote a public blog post on Sequoia's website inviting AI founders to email them their ideas and pitches directly. But the firm has been louder where it counts, investing in splashy AI startups like Harvey and LangChain. Every member of the firm, from managing partner Roleof Botha on down, has made AI a top priority, with Grady, Huang, and Buhler most prominently involved. Both Huang and Buhler now spend over 90% of their time researching AI companies, versus 50% in previous years, they said.

☆ Premarket stocks: Wall Street's 'fear gauge' is rising as US debt talks drag on
▼ + stars: | 2023-05-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Markets will get volatile, maybe the stock market will go down, the Treasury markets will have their own problems,” he said. But this fear of market volatility isn’t going away. A similar fight around the debt ceiling in 2011 spurred a serious bout of market volatility. Wall Street’s key measure of volatility, the VIX, reached two year highs and soared more than 35% in just one day. Wall Street typically uses the VIX, known as the market’s “fear gauge,” as a way to measure how investors feel about financial and economic uncertainties.

May 16 (Reuters) - Hippocratic Health, a startup building artificial intelligence models for the healthcare industry, has raised $50 million in a larger-than-usual seed funding round, signaling strong investor interest in betting on AI models for specific industries. Large language models are AI systems that mine vast amounts of data to summarize information and generate content. Also known as foundation models, large language models can perform tasks from writing essays to generating codes. Our focus is to build the safest language model for healthcare," said Shah, who previously founded insurance startup Health IQ. A16z said it is one of the largest seed checks it has written in the healthcare industry.

☆ Andreessen Horowitz and General Catalyst lead $50 million seed round in Hippocratic AI to deliver large language models to healthcare providers
▼ + stars: | 2023-05-16 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

Hippocratic AI is a large language model company aiming to serve healthcare providers. Now, the entrepreneur is marrying his interest in healthcare with his experience as a multi-time AI founder to create Hippocratic AI, a healthcare-focused large language model company. First, Hippocratic AI tested its large language model against 114 different healthcare certifications, 105 of which its model outperformed OpenAI's GPT-4 on, Shah told Insider. Despite its intensive model training efforts and recent hefty capital infusion, Hippocratic AI has yet to release a product. "This language model business has turned software development back into a capital intensive business," he said.

☆ An outsider's take on finding success on Wall Street
▼ + stars: | 2023-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

At first glance, Kristofer Baxter doesn't seem like an ideal candidate for offering tips about succeeding on Wall Street. His outside perspective offers a unique look at what it takes to find success on the Street. Too often, people explaining how they found success on Wall Street, or anywhere, amounts to them bragging about how hard they worked. Read more on key lessons from a top engineer at Citadel about finding success. The famous VC firm is going to launch a fund of funds for backing other VCs focused on finding early-stage startups.

Andreessen Horowitz is preparing to launch a fund of funds to invest in other startup backers. A16z has already been courting up-and-coming fund managers at events in San Francisco and LA. The venture-capital powerhouse Andreessen Horowitz has in recent months been in discussions to form a fund of funds focused on early-stage investing, according to multiple people familiar with the project. In recent months, the firm has started to court up-and-coming fund managers with events in San Francisco and Los Angeles, according to three sources familiar with the firm's plans. Partners at crossover fund Tiger Global tried a similar strategy in recent years, committing $1 billion to back an array of early-stage venture funds.

☆ After ChatGPT, AI startups are poised to boom. See 16 pitch decks used by founders in generative AI, health, and enterprise.
▼ + stars: | 2023-05-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

See 16 pitch decks used by AI founders using the tech in everything from health to fintech. V7Generative AI, media, and designSupernormal, a generative AI startup that automates meeting notes, just raised $10 million. This AI startup helps Big Tech firms compress videos while maintaining quality. These 3 founders are using AI to analyze patients' biological profiles and recommend drugs. This AI startup helps firms like TrueLayer and CurrencyCloud meet their revenue targets.

☆ 7. Anduril Industries
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Anduril Industries operates in an increasingly complex security environment, where science and technology innovation are needed for the U.S. military to keep an edge. Throughout 2022, defense technology specialist Anduril Industries supplied drones, artificial intelligence software and training to help the Ukrainian Armed Forces conduct surveillance and reconnaissance missions. With a recent round of venture financing directed toward cutting-edge autonomous militaristic products, Anduril Industries stands to help fill this gap and scale it up. Building on that acquisition, last year Anduril Industries partnered with the U.S. Special Operations Command on a 10-year, $967 million contract to provide systems for shooting down drones. Anduril also bought startup Dive Technologies, a maker of underwater vehicles, to expand its suite of autonomous vehicles.

☆ The former president of Tesla and COO of Lyft just raised a new $40 million fund and wants to fix venture capital's "addiction to fees"
▼ + stars: | 2023-05-08 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

Jon McNeill served as president of Tesla, COO of Lyft, and has started and sold six companies. Over the same period the number of new funds closed has fallen by more than 75%, meaning capital is concentrating in fewer and larger funds. "That's all about addiction to fees," said McNeill, "it's not like they've got twenty times the amount of opportunities to fund, they don't." It's a venture fund, but it also bears resemblance to a private equity fund, an incubator, and a sort of "private Berkshire Hathaway" as McNeill puts it. The fund takes 100% of the company up front, as opposed to the 20% stake a VC fund would typically take.

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