Stripe’s multi-billion-dollar pursuit of AI model marketplace startup OpenRouter isn’t just creating one of the biggest AI acquisitions of the year; it’s minting venture capital firms’ speedy wins. Andreessen Horowitz and Menlo Ventures are poised to turn investments made less than two years ago into payouts worth nearly $2 billion combined if Stripe acquires the
Defense giant L3Harris forced out chairman and chief executive Chris Kubasik, 65, over the weekend after a board investigation revealed that he had violated the company’s code of conduct. The $50 billion aerospace-and-tech company did not provide any detail about what Kubasik did to violate the code, but specified it did not involve financial reporting,
At the top, it’s hard to know where else to go. In an interview on Harry Stebbings’ 20VC podcast published on Monday, Andrew Macdonald, Uber’s chief operating officer and president, said that finding new businesses can be challenging when the company’s core business is already so large. Call it the “classic innovator’s dilemma,” he said.
Wealth, perhaps second only to loyalty, has been a prized attribute for Donald Trump during his second presidency. The number of people worth at least $100 million whom the Republican president has appointed to his administration is more than four times the combined total under the three previous presidents, according to a report from the consumer advocacy
Fidji Simo, the former OpenAI executive who cofounded the biomedical startup ChronicleBio, said she believes AI can eventually cure all diseases, but smarter models alone won’t get us there. In an X post on Monday, Simo responded to Anthropic CEO Dario Amodei, who wrote over the weekend that AI companies need to deliver concrete breakthroughs
New Mexico Attorney General Raúl Torrez is reportedly working with state lawmakers to draft two new bills strengthening consumer protections and child safety online, the day before 29 state attorneys general are set to face off against Meta in a separate federal trial in Oakland, California. The legislation, which is expected to be announced in
