Natasha Mascarenhas / Bloomberg:
A look at South Park Commons, the VC firm behind a startup community focusing on idea exploration over immediate business plans, as it aims to raise $500M  —  The investors at South Park Commons realize there are a lot of places that promising founders can go for help when they're starting companies.

The Senate voted on Friday evening to pass the federal budget, funding everything except for one entity: the Department of Homeland Security, which was given a two-week funding extension in order to negotiate new guardrails around Immigrations and Customs Enforcement (ICE). If no agreement is reached, DHS funding will lapse and the department will face […]

Jonathan Stempel / Reuters:
A US judge says her “tentative view” is to grant OpenAI's motion to dismiss xAI's lawsuit accusing OpenAI of stealing trade secrets by poaching xAI employees  —  A federal judge signaled on Friday she may dismiss a lawsuit by Elon Musk's artificial intelligence startup xAI accusing …

Theodore Schleifer / New York Times:
Ripple co-founder Chris Larsen and crypto evangelist Tim Draper plan to spend millions this year on an effort to elect moderate California legislators  —  Chris Larsen and Tim Draper, two outspoken Silicon Valley leaders, are planning to spend tens of millions of dollars to elect moderate state lawmakers this year.

Fabiola Arámburo / Reuters:
Report: Jensen Huang has privately criticized what he has described as a lack of discipline in OpenAI's business approach  —  Nvidia's (NVDA.O) plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside …