Reading List
The most recent articles from a list of feeds I subscribe to.
Substrate, which aims to challenge TSMC, raised $100M+ from Founders Fund, General Catalyst, and others at a $1B+ valuation as it seeks to boost US chip making (Tim Bradshaw/Financial Times)
Tim Bradshaw / Financial Times:
Substrate, which aims to challenge TSMC, raised $100M+ from Founders Fund, General Catalyst, and others at a $1B+ valuation as it seeks to boost US chip making — Substrate plans to use particle accelerators to lower cost of chip manufacturing — Silicon Valley investors …
Microsoft now holds a ~$135B investment in OpenAI Group PBC, or a ~27% stake, down from 32.5%; OpenAI commits to purchase an additional $250B in Azure services (Microsoft)
Microsoft:
Microsoft now holds a ~$135B investment in OpenAI Group PBC, or a ~27% stake, down from 32.5%; OpenAI commits to purchase an additional $250B in Azure services — Since 2019, Microsoft and OpenAI have shared a vision to advance artificial intelligence responsibly and make its benefits broadly accessible.
OpenAI completes its recapitalization, "simplifying" its structure; OpenAI Foundation now has equity valued at ~$130B and still controls the OpenAI for-profit (Bret Taylor/OpenAI)
Bret Taylor / OpenAI:
OpenAI completes its recapitalization, “simplifying” its structure; OpenAI Foundation now has equity valued at ~$130B and still controls the OpenAI for-profit — OpenAI has completed its recapitalization, simplifying its corporate structure. The nonprofit remains in control …
An analysis of 30+ US data center proposals in 14 states: in most cases, local officials signed NDAs and worked with apparent shell companies to hide details (Natalie Kainz/NBC News)
Natalie Kainz / NBC News:
An analysis of 30+ US data center proposals in 14 states: in most cases, local officials signed NDAs and worked with apparent shell companies to hide details — Big Tech companies use secrecy agreements with local governments to keep communities from knowing who is building in their backyards.
Livestream marketplace Whatnot raised $225M at an $11.5B valuation, after raising $265M at a $4.97B valuation in January, taking its total funding to $968M (Michael J. de la Merced/New York Times)
Michael J. de la Merced / New York Times:
Livestream marketplace Whatnot raised $225M at an $11.5B valuation, after raising $265M at a $4.97B valuation in January, taking its total funding to $968M — The start-up is among the biggest names in a fast-growing part of e-commerce that is effectively a kind of QVC for the TikTok era.