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Dec 08 2023
Microsoft says it's not an OpenAI shareholder but 'details of our agreement remain confidential' as British antitrust watchdog examines relationship
With global regulators examining Microsoft Corp.’s $13 billion investment in OpenAI, the software giant has a simple argument it hopes will resonate with antitrust officials: It doesn’t own a traditional stake in the buzzy startup so can’t be said to control it. When Microsoft negotiated an additional $10 billion investment in OpenAI in January, it opted for an unusual arrangement, peopleFortune
Dec 08 2023
The whirlwind management drama at OpenAI last month ended with co-founder Sam Altman reinstated within a week of his surprise dismissal and a much bigger role for Microsoft, which ended up with a seat on the board for the first time since investing billions into the startup earlier this year. That new, cosier relationship is the focus of a new inquiry that was launched today by the CompetitionTechCrunch
Jan 09 2023
Three Mexico-based companies – Welbe, Hero Guest and Kuona – have secured seed funding despite venture capital registering an overall decline in Latin America during 2022. Founded in 2021 by Brazilians Eduardo Medeiros and Marcus Paiva, Mexico-based Welbe secured a $4.1 million seed-round led by Volpe Capital and Nazca, with the participation of SVLC, Kortex and GreenRock. Welbe is a health-Mexico News Daily
Jan 03 2023
Tulane University’s Innovation Institute will launch a $10 million startup fund for women and minority entrepreneurs, targeting groups who have historically faced barriers in accessing capital to start businesses. The Tulane Ventures fund – built from $5 million in federal funding that was matched by $5 million from Tulane – is the university’s latest move to bolster innovation in New OrleansThe Times-Picayune
Mar 10 2023
The CEO of a tech company said she has been unable to access her Silicon Valley Bank (SVB) account after it was shut down by regulators.
FarmboxRx CEO Ashley Tyrner warned that the bank's closure will have more far-reaching impacts on the startup world.
"Innovation in the startup world is bleeding today, and it's hurt," Tyrner said on "The Big Money Show" Friday. "And everybodyFox Business
Jun 15 2022
Latina activists and entrepreneurs Jess Morales Rocketto and Stephanie Valencia have raised $80 million to launch a new Hispanic media company called the Latino Media Network.
Why it matters: It's one of the largest capital raises for a Latina-owned and operated startup in the U.S."It's pretty audacious for people like us to be doing something this big," Morales Rocketto said in Axios
Mar 08 2013
MakerBot on Friday unveiled a desktop device that can scan small three-dimensional objects for 3-D printers.CNN (Online News)
May 19 2022
A fund backed by Bill Gates has invested in a startup working to develop lab-manufactured breast milk, but it won’t reach the market for several years. Yet, social media posts make baseless claims that Gates is behind the current baby formula shortage — which stems from supply-chain issues and the shutdown at a major manufacturing plant.
Breakthrough Energy Ventures, a fund backed byFactCheck.org
Nov 06 2019
Google's Sustainability Officer Kate Brandt on Tuesday announced a new startup program to help and encourage startups working on sustainability products.
Startups hoping to create commercial businesses in the sustainability world face special problems, Brandt told the crowd in Lisbon attending the Web Summit tech conference, where the announcement was made. These startups struggle withInsider
Mar 10 2023
(Bloomberg) — Startup founders are beginning to worry about whether they’ll be able to keep paying employees following the failure of Silicon Valley Bank. Payroll service provider Rippling notified customers on Friday that some payroll processing had stalled because SVB helped process its payments. The company, a startup itself, switched to JPMorgan Chase, but not soon enough: Paychecks wereSan Jose Mercury News