venture capital - CybAI news

26 Sep

Singapore Entertainment Firm Neon Is Said to Weigh IPO Next Year

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Immersive entertainment group Neon is considering an initial public offering in Singapore that may raise as much as S$500 million ($389 million), according to people with knowledge of the matter.The company, which is backed by Temasek Holdings Pte.’s 65 Equity Partners, has interviewed financial advisers for a potential offering that could take place as soon as next year, the people said, asking not to be identified as the process is private. A first-time share sale may raise S$400 million to S$500 million, the people said. Source link lol

23 Sep

A Mysterious School for the Network State Crowd Is Now in Session

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Last month, venture capitalist Balaji Srinivasan announced the Network School, a three-month learning retreat marketed to people interested in “network nations,” a kind of utopia for the anarchocapitalist set. The inaugural class is 150 people. It starts today.Details about the school have been shrouded in secrecy, even for the applicants. Aspiring Network School participants put down deposits of up to $2,000 without even knowing the Network School’s location. Srinivasan has still not disclosed it publicly, although social media posts and WIRED reporting indicate that it’s Forest City, Malaysia.The Network School is one of the most ambitious projects yet for people…

16 Aug

Maker of StarCraft 2 Successor Hopes Fans Will Be Patient

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The early player count for Stormgate has not been huge on Steam, peaking at around 5,000 concurrent players, but there’s time for a turnaround Source link lol

14 Aug

Startup Founder Pleads Guilty to Indecent Assault of Young Woman

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One-time startup leader Brian Wong pleaded guilty to criminal charges that he assaulted a young woman woman during the 2016 South by Southwest festival in Austin, Texas.With a jury trial looming in September, state prosecutors reduced the offense to indecent assault from attempted sexual assault, making it a misdemeanor instead of a felony charge, and Wong changed his plea from guilty to not guilty, according to records in Austin district court. His lawyer, Sam Bassett, didn’t respond to requests for comment. Source link lol

13 Aug

AI-Focused VC Radical Ventures Nears $800 Million Fundraise

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Radical Ventures, a Canadian venture capital firm that made early bets on a string of hot artificial intelligence startups, has secured nearly $800 million in commitments for a new fund, according to people familiar with the plans.The firm is currently nearing the close of the new fund, which will boost its assets under management to about $1.8 billion, said the people, who asked not to be identified discussing private information. Source link lol

09 Aug

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

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China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol

08 Aug

Weapons Startup Anduril Hits $14 Billion Valuation in New Funding Round

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Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new facility to manufacture its rockets, underwater vehicles and other autonomous weapons systems at greater scale and speed.The deal, which values Anduril at $14 billion, is one of the largest venture capital financings of the year so far, and reflects the company’s success getting government contracts, as well as rising investor enthusiasm for defense technology companies. Source link lol

22 Jul

Here’s What Happens When You Give People Free Money

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OpenAI CEO Sam Altman’s decade-in-the-making effort to understand how handing out free money affects recipients and the broader economy delivered its first big results Monday. OpenResearch found that when it gave some of the poorest Americans $1,000 a month for three years with no strings attached, they put much of the money toward basic needs such as food, housing, and transportation. But what amounted to $36,000 wasn’t enough to significantly improve their physical well-being or long-term financial health, researchers concluded.The initial results from what OpenResearch, an Altman-funded research lab, describes as the most comprehensive study on “unconditional cash” show that…

19 Jul

Donald Trump and Silicon Valley’s Billionaire Elegy

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Andreessen talks about the proposal as if it were Putin himself invading Atherton, California, the elite zip code where he resided until recently. If this tax is imposed, he says, investors will exit the market and innovations won’t be funded. “Number one, you kill startups and venture capital. So congratulations, you kill the technology industry, essentially,” he says. “Number two, you kill the California tax base—California is done!”But the carnage doesn’t stop there, says Andreessen. Once the government gets a taste of this new tax on the rich, it will want more, more, more, until eventually this endangered class of…

07 Jun

British Startups Just Can’t Seem to Scale

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This is part of a series on what 14 years of Tory rule have delivered for Britain’s economy, society and standing in the world. The challenges awaiting the next government are numerous. Britain takes a third of all the money flowing from venture capital investors into Europe and has done so almost consistently for the last 14 years. Its ecosystem has thrived independent of Conservative Party policies, thanks in part to its wealth of English speakers and world-class universities. Even Brexit failed to stop talented engineers from taking jobs at British tech firms, many of whom count around a third…