Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week once again brought us AI funding news, as well as some warnings: Some categories and stages are showing signs of overheating. Luckily, we also spotted […]
VCs are still pouring billions into generative AI startups
Investments in generative AI startups — those that are creating AI-powered products to generate text, audio, video and more — aren’t slowing down. But they’re being consolidated into a shrinking number of early-stage ventures. In the first half of 2023, from January to July 16, 225 startups raised $ 12.3 billion from VCs, according to […]
Carta’s valuation will be cut by billions in an upcoming secondary sale
Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at $ 2 billion, TechCrunch has learned. Carta is working with the investment bank Jeffries on the sale and initially hoped to find demand for the […]
EU warns Microsoft it could be fined billions over missing GenAI risk info
The European Union has warned Microsoft that it could be fined up to 1% of its global annual turnover under the bloc’s online governance regime, the Digital Services Act (DSA), after the company failed to respond to a legally binding request for information (RFI) that focused on its generative AI tools. Back in March, the […]
Min Hee Jin Stands To Lose Billions If HYBE Proves Breach Of Trust
The ongoing legal feud between HYBE and ADOR over a suspected takeover attempt has drawn attention to the possibility of the former repurchasing ADOR CEO Min Hee Jin’s shares. Min Hee Jin | The Korea Herald According to a Korea Economic Daily report on May 1, KST, the ADOR shareholders’ agreement stipulates that HYBE has […]